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Ilya [14]
3 years ago
10

Unlike manufacturers, service companies do not have an inventory of products. True / False

Business
1 answer:
Vladimir79 [104]3 years ago
4 0

Answer:

The correct answer is: True.

Explanation:

Service firms <em>do not have </em><u><em>product</em></u><em> inventories</em> because they are not involved in manufacturing processes. However, it does not imply service firms do not have inventories at all. Equipment and furniture are materials that service companies keep in an inventory recorded for accounting purposes.

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Stress itself is always negative. true or false?
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Last year vaughn corp. had sales of $315,000 and a net income of $17,832, and its year-end assets were $210,000. the firm's tota
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3 years ago
The Purple Martin has annual sales of $687,400, total debt of $210,000, total equity of $365,000, and a profit margin of 5.9 per
enot [183]

Answer:

7.1%

Explanation:

Purple martin has an annual sales of $687,400

The total debt is $210,000

Total equity is $365,000

Profit margin is 5.9%

= 5.9/100

= 0.059

The first step is to calculate the net income

Net income= sales×profit margin

= $687,400×0.059

= $40,556.6

The next step is to calculate the total assets

Total assets= Total debt+Total equity

= $210,000+$365,000

= $575,000

Therefore, the return on assets can be calculated as follows

ROA= Net income/Total assets

= 40,556.6/575,000

= 0.0705×100

= 7.1%

Hence the return on assets is 7.1%

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4 years ago
The largest part of a(n) ______ is its long, glowing tail, a narrow column of dust that may extend for 100 million km.
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The largest part of a(n) _COMET_____ is its long, glowing tail
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