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3 years ago

To increase total asset turnover, management must either increase sales or reduce total stockholders’ equity.A. TrueB. False

Business

1 answer:

8090 [49]3 years ago

7 0

Answer:

FALSE

Explanation:

Remember, total asset turnover is calculated using a ratio that measures how the management was able to use its assets to efficiently increase sales. Usually the total asset turnover is gotten by dividing a company's sales by its total assets.

To increase sales, management should continue to use its existing assets (not making purchase of any new asset), and at the same time reducing their purchases of inventory.

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An investor deposits $2,000 per year (beginning today) for 10 years in a 4% interest bearing account. The last cash flow is rece

yKpoI14uk [10]

Answer:

$24,012.21

Explanation:

Calculation for What is the investor's future balance after 10 years

Using financial to find the FV which represent future value

N 10 years

I/Y 4%

PV 0

PMT $2,000 per year

FV ?

Hence:

FV = $24,012.21

Therefore the investor's future balance after 10 years will be $24,012.21

4 0

3 years ago

An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside the entity violates:

stepladder [879]

Answer:

1. The correct answer is b) Confidentiality.

2. The CEO supports the CFO and does not agree to correct the financial statements

Explanation:

1. Confidentiality is an important element for different companies and professions, for example, through confidentiality, companies protect much of their information. That is why many companies make a confidentiality agreement with their employees when hiring them with the aim that the Company information is not shared for any reason.

There are confidentiality agreements that remain in force after people have stopped working at the company, for example in the case of the accountant who denounces the financial irregularities of his former boss, violates the confidentiality agreement and if his employer shows that he has no irregularity he can sue the accountant for not complying with the agreement.

2. Executive Director of the company is known as the CEO, whose function is the development of the business plan and the organization of the company.

The CFO is the acronym for the financial director in companies, they have the function of financial planning.

In companies, Executive Director (CEO) has the authority to accept or deny actions to be taken, for example, he has the authority to tell the chief financial officer (CFO) not to correct the company's financial statements. When the company has problems, it may be that the CEO and CFO will have responsibilities taking into account their functions.

I hope this information can help you.

5 0

3 years ago

As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 20% of Nursery Supplies Inc

Natalija [7]

Answer:

Nursery Supplies at year-end 76,000,000

Gain on investment 12,000,000

Explanation:

Considering is considered a long-term investment for Florists International and the percentage of owership is significant we use equity method.

value of the investment at year end:

begining 67,000,000

income 60,000,000 x 20% = 12,000,000

cash dividends 10,000,000 shares x 1.5 x 20% = (3,000,000)

ending investment 76,000,000

8 0

3 years ago

Treatment is compromised when clients choose not to take

valina [46]

"what is necessary" like pills and shots

3 0

3 years ago

The editing technique of joining together two shots is called

Artist 52 [7]

The answer is a montage. It is a system in film altering in which a progression of short shots are altered into a grouping to gather space, time, and data. It was acquainted with film fundamentally by Sergei Eisenstein, and early Soviet executives utilized it as an equivalent word for innovative altering.

6 0

3 years ago