Merry Christmas to you too haha lol
The asset turnover = 1.84
<u>Explanation:</u>
Asset Turnover = Sales / Average total assets
First, we will calculate average total assets as below:
Average total assets = Beginning assets + Ending assets / 2
Beginning assets = assets on 12/31/2014 = $65173
Ending assets = assets on 12/31/2015 = $100676
Average total assets = = = $82924.5
Sales / Revenue = $152633
Now, putting these values in the asset turnover formula, we get,
Asset Turnover = Sales / Average total assets
Asset turnover = = 1.84
Answer:
C) The buyer and agent did not complete an agency agreement, either oral or written.
Explanation:
Agency agreement, which is a binding contract between an agent and another person, (most likely a buyer) is an important document which helps to establish the relationship between both and the agency which renders the help. Since, there was no agreement whether oral or written, their dealings do not constitute the creation of an agency.
Answer:
$27,645
Explanation:
The computation of the net present value is shown below
Net Present value = Present value of cash inflow + Present value of residual value - Initial investment
= $19,000 × 3.170 + $5,000 × 0.683 - $36,000
= $27,645
The 3.170 is the PVIFA factor for 4 years at 10% and the discount factor for 4 year at 10% is 0.683 and we considered the same