1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katrin [286]
3 years ago
9

FedEx Corporation and United Parcel Service, Inc. compete in the package delivery business. The major fixed assets for each busi

ness include aircraft, sorting and handling facilities, delivery vehicles, and information technology. The sales and average book value of fixed assets reported on recent financial statements for each company were as follows:
FedEx UPS Sales (in millions) $47,453 $58,363
Average book value of fixed assets (in millions) 20,213 18,317
Required:
a. Compute the fixed asset turnover ratio for each company. Round to one decimal place.
b. Which company appears more efficient in using fixed assets?
Business
1 answer:
borishaifa [10]3 years ago
5 0

Answer:

a. FedEx = 2.3 , UPS = 3.2

b. UPS appears to be more efficient in using fixed assets as it is able to generate a sales of $3.20 for every $1 invested in assets as against a sale of $2.30 for every $1 invested in asset generated by FedEx

Explanation:

Asset turnover is the ratio of revenue to average assets of a company. It is a financial indicator that shows how much revenue a company generates in an accounting period for each  $1 invested in assets (fixed asset in this case).

Mathematically,

Fixed asset turnover = sales/average fixed asset

The fixed asset turnover ratio for;

FedEx = $47,453/$20,213

= 2.3

UPS = $58,363/$18,317

= 3.2

You might be interested in
What does a population possibilities curve represent
jeka94
I'm guessing its a combination of two goods that can be produced using limited resources in order for a economy to be efficient they must be able to decide on the products and services they can produce with their limited resources.
4 0
3 years ago
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash
lys-0071 [83]

Answer:

2021 Balance Sheet

$5,900     Cash

$29,000   Accounts Receivable

$6,500      short-term investments

$69,000   Inventory

$110,400   TOTAL CURRENT ASSETS  

$ 165,000  Property, plant, and equipment (net)  

$165,000  TOTAL NON CURRENT ASSETS  

$275,400  TOTAL ASSETS  

$48,000   Accounts Payable  

$1,000       Interest Payable  

$20,000    Salaries Payable  

$69,000   TOTAL CURRENT LIABILITIES  

$39,000   Long Term Notes Payable  

$39,000   TOTAL NON CURRENT LIABILITIES  

$108,000  TOTAL LIABILITIES  

$145,000  Paid in Capital  

$22,400   Retained Earnings  

$167,400  TOTAL EQUITY  

$275,400  TOTAL EQUITY + LIABILITIES  

Explanation:

To complete the Total Current Assets is necessary to find the Short Term Investments, which is possible to know because the current ratio must be 1,6.

With this information it's possible to know that the total current Asssets are $110,400, and the Short Term Investments are $6,500.

To complete the Balance Sheet we need to know the total Retained Earnings that equilibrate the Accounting equation, that is $22,400.

4 0
3 years ago
During which phase must project teams address important considerations for managing information (and often end up updating busin
beks73 [17]

Answer:

execution

Explanation:

The phase in which project teams address important considerations for managing information (and often end up updating business processes through improved communications) is execution phase.

Execution phase has a very long process in project management, in this phase information has to be managed,it is in this phase of management that the product and services that the organization render is been delivered to the customers. And most importantly, communication has to been improved between the company and their clients.

6 0
3 years ago
7. How does AJ look tyrannical or monarchical with both the tariff/nullification crisis and Indian removal
lapo4ka [179]

Answer:              

Andrew Jackson (AJ for short) was a statesman. He reached the height of this career when he became the 7th President of the United States (POTUS, having served as a soldier and a general in the United States Army). His administration spanned two terms of 4 years each (1829 to 1837)

In direct reference to the question, it can be said that due to his action, he was rather tyrannical than monarchial.

Explanation

On the overall, AJ is regarded by may historians favorably due to his many big wins. Some of those wins which he achieved as POTUS are:

  1. The payment of a long standing national debt
  2. the conclusion of the "most favored nation" treaty with the United Kingdom, which settled claims of damages against France from the Napoleonic Wars,
  3. Prevention of the renewal of the charter of the Second Bank of the United States which was deemed as corrupt established created to enrich the wealthy at the expense of the plebian class and
  4. the recognition Texas as a Republic. It may be worthy of note that he was the first POTUS to have survived an assassination attempt as a sitting president.

Irrespective of the above, his career was marred by two major dents:

  • The endorsement of the of the 1830 Indian Removal Act which forced many Native American tribes in the South to a space that became known as the Indian Territory. The forceful relocation was deemed necessary by the Blue Bloods (White Population) and resulted in mass suffering, mass death by many who where diseased during the forced relocation.
  • The Nullification Crises: For some reason, the congress approved a bill which by itself was designed to fail or be disapproved. It placed a huge tariff (as much as 45%, a historic high) on the Southern Cotton Farmers. The bill became known as the "Tariff of Abominations". He later conceded to several downward revisions of the tariff, first to 27% and further downwards later but not after it had caused a lot of rift between the state of South Carolina and the Federal Government where in the South Carolina had declared the bill unconstitutional. This call out against the Federal Government became known as the Nullification Crises.

Cheers

6 0
2 years ago
A senior licensed professional engineer with 30 years of experience in geotechnical engineering is placed in charge of a multidi
yKpoI14uk [10]
This arrangement is ethical as long as the engineer signs and seals each design segment only after it has been reviewed by an independent consulting engineer who specializes in the field which it pertains.<span> If what she was dealing is not her field of expertise, she needs to have the aid of independent engineer who can verify the work passed to her before she signs the design segment.</span>
5 0
3 years ago
Other questions:
  • What is the range of useful life estimates that Tesla provides for office furniture, machinery and equipment in the 2013 10-K?a.
    15·1 answer
  • The term "market failure" a. refers to the dissolution of a market when firms decide to quit producing a certain product. b. ref
    13·1 answer
  • Which type of markup takes into account the total costs of running the company not just the wholesale cost of the product so tha
    6·2 answers
  • Suppose the price index was 105 in 2017, 126 in 2018, and the inflation rate was lower between 2018 and 2019 than it was between
    8·1 answer
  • The ABC Company sells plastic model cars in retail stores primarily to hobbyists. It has decided to modify the cars’ exterior pa
    5·1 answer
  • The Sales Discounts Forfeited account ________. Select one: A. represents additional sales revenue B. is a contra Sales Revenue
    14·1 answer
  • To mitigate the bullwhip effect, each location in a supply chain should plan for the demand received at that location. Group of
    7·1 answer
  • Omni Metals Company and Piecework Fabrication, Inc., enter into a contract under which Omni agrees to deliver a certain quantity
    9·1 answer
  • WaterwayCompany has the following equivalent units of production for July: materials 15460 and conversion 11540. Production cost
    5·1 answer
  • Selected Financial Data
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!