Total Asset Turnover -Net sales / Revenue divided by Average Total Cost
Explanation:
Total Asset turnover helps to know :-
1. Financial Condition - Which means how much profit the company has earned and what are there Retained Earnings.
2. Desirable Ratios - Depending upon the company type and size ratios are decided which helps them to make a standard comparison.
Total Asset turnover helps to compare the efficiency of the company through figures which would give them a direction to increase there sales volume.
Answer:
Option B. Buyers to demand a smaller quantity at every price
Explanation:
The reason is that the computer product price has been increased from the previous price due to imposition of tax on it and as we know that the higher prices will decrease the demand of the product and as a result the buyers are less likely to buy the product as it is now priced high.
Answer:C - Planning Stage
Explanation: The System Development Life Cycle is a model of which organisations use when developing a new system.
SDLC has 5 Phases or steps and they include:
- Planning
- Analysis
- Design
- Implementation
- Maintenance
Each stage of SDLC has its importance in the system development.
Planing: At this state, the problem is identified, options of solutions are given and analysed as well as the possible outcomes are considered.
Analysis: At this stage the various options given at the planning stage are analysed and validated
Design: At this stage, the analysed options are designed to give a logical evaluation of the model to be adopted
Implementation: At the state, the design is implemented and tested
Maintenance: At this state, the errors are corrected and validated.
Answer: c. $22,000 increase in operating income
Explanation:
Expected decrease in revenues -$280,000
Expected decrease in total variable costs (-$200,000)
Expected decrease in fixed costs <u> (-$102,000)</u>
Expected increase(decrease) in operating income $22,000
<em>Costs are to be deducted from revenues so if the costs are decreasing, the mathematical treatment would be to add the decrease to the revenues which is how the above was calculated. </em>
Answer:
$3,620
Explanation:
Accounts receivable at the beginning + recorded credit sales -accounts receivable written off -ending balance accounts receivable.
Therefore:
$690+$3,200-$100-$170 =$3,620