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2 years ago

Ryngard Corp's sales last year were $38,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)?

Business

1 answer:

expeople1 [14]2 years ago

3 0

Answer:

Total assets turnover ratio (TATO): 2.38

Explanation:

Total assets turnover ratio (TATO) helps investors understand how effectively companies are using their assets to generate sales. Total assets turnover ratio is calculated by using following formula:

Total assets turnover = Total Sales or Revenue/ Average Total Assets

where:

Total Sales= Annual net sales

Average Total Assets = (Assets at the beginning of year +Assets at the end of year )/2

In Ryngard Corp:

Total Sales: $38,000

Total assets: $16,000

Total assets turnover = $38,000/$16,000 = 2.38

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8 0

1 year ago

In a limited partnership, limited partners do not have the same rights as general partners to participate in management. Group o

dimaraw [331]

In a limited partnership, limited partners do not have the same rights as general partners to participate in management. This statement is true.

<h3>What is a limited partnership?</h3>

A limited partnership is a type of partnership that is made up of general partners and limited partners. The liability of limited partners is limited to the amount invested in the business while the general partners have unlimited liabilities.

The limited partner cannot partake in the daily running of the business unlike the general partner.

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5 0

1 year ago

The production possibilities curves suggest that rev: 09_17_2020_QC_CS-228777 Multiple Choice West Mudville should specialize in

ratelena [41]

Answer: West Mudville should specialize in, and export, baseball bats.

Explanation:

Each country should specialize in the good that it has a lower opportunity cost in producing.

West Mudville

Opportunity cost of producing baseball bats = 9/9 = 1 baseball

Opportunity cost of producing baseball = 9/9 = 1 baseball bat

East Mudville

Opportunity cost of producing baseball bats = 8/4 = 2 baseballs

Opportunity cost of producing baseball = 4/8 = 0.5 baseball bats

From the above, West Mudville has a lower opportunity cost than East Mudville in the production of baseball bats and so it should specialize in and export that.

3 0

2 years ago

A noise level of 95 db is __ than the lowest level at which hearing protection is required (85 db), and your exposure should be

ser-zykov [4K]

higher

95 dB is the value of noise intensity at which it is mandatory to wear ear protection by health and safety standards. Moreover, exposure to such levels of noise should not be for more than 6 hours per day. This limit is imposed due to the fact that high levels of noise can cause problems such as hypertension and progressive hearing loss.

3 0

2 years ago

The Kollar Company has a defined benefit pension plan. Pensioninformation concerning the fiscal years 2013 and 2014 are presente

Mkey [24]

Answer and Explanation:

The Kollar Company

Pension Cost

Current Service Cost 5600,00,000.00 6100,00,000.00

Amortisation of Past ServiceCost ( One day Less Amortisation ignored) 600,00,000.00 600,00,000.00

Total Service Cost 6200,00,000.00 6700,00,000.00

Interest Cost 2600,00,000.00 3000,00,000.00

Expected Return on Plan Assets -1800,00,000.00 -2148,00,000.00

Amortisation of AOCI-Return on Plan assets -250,00,000.00 -200,00,000.00

Net Interest Cost 550,00,000.00 652,00,000.00

Net Pension Cost 6750,00,000.00 7352,00,000.00

Details Details 2013 2014

PBO

Opening Balance A 2,000.00 3,000.00

Add: Prior Service Cost B 600.00 0

Add: Interest (A+B*.10) 260.00 300.00

Less: Payment Of Benefit(Assumed to be atthe end of Year) -420.00 -490

Add: Current Service Cost 560.00 610

Closing Balance 3,000.00 3,420.00

Plan Assets

FV of Opeining Assets A 1,500.00 1790

Less Benefit -420.00 -490

Add: Contributions 580.00 630

Add: Actual Return 130.00 180

Closing Balance 1,790.00 2,110.00

Computation Of AOCI

Opening Balance -250 -225

Less: Amortisation 25 25

Closing Balance

Difference Between Actual Return andExpected return (Y1-1500*.12-130) (Y2-1790*.12-180)

Opeing Balance 50

Loss On Actual Return 50 34.8

Less: Amortisation 50/10 -5

Closing Balance 50 79.8

Net -175 -120.2

Computation Of PensionCost

Current Service Cost 560 610

Amortisation of Past ServiceCost ( One day Less Amortisation ignored) 60 60

Total Service Cost 620 670

Interest Cost 260 300

Expected Return

on Plan Assets -180 -214.8

Amortisation of AOCI-

Return on Planassets -25 -20

Net Interest Cost 55 65.2

Net Pension Cost 675 735.2

Date Account Head And Explaination

2013

Dr Current Service Cost 6100,00,000.00

Cr Defined Benefit Obligation 6100,00,000.00

Dr Past Service Cost 600,00,000.00

Cr AOCI-Past Service Cost 600,00,000.00

Dr Interest Expense 3000,00,000.00

Cr Defined Benefit Obligation 3000,00,000.00

Dr AOCI-Expected Return-Actual Return 500,00,000.00

Dr Plan Assets( Actual Return) 1300,00,000.00

Cr Expected Return( Pension Cost) 1800,00,000.00

Dr AOCI-Expected Return-Actual Return 250,00,000.00

Cr Interest Expense 250,00,000.00

2014

Dr Current Service Cost 5600,00,000.00

Cr Defined Benefit Obligation 5600,00,000.00

Dr Past Service Cost 600,00,000.00

Cr AOCI-Past Service Cost 600,00,000.00

Dr Interest Expense 2600,00,000.00

CrDefined Benefit Obligation 2600,00,000.00

Dr AOCI-Expected Return-Actual Return 348,00,000.00

Dr Plan Assets( Actual Return) 1800,00,000.00

Cr Expected Return( Pension Cost) 2148,00,000.00

Dr AOCI-Expected Return-Actual Return 250,00,000.00

Cr Interest Expense 250,00,000.00

Dr Interest Expense -50,00,000.00

Cr AOCI-Expected Return-Actual Return -50,00,000.00

Date

2103

Dr AOCI-Expected Return-Actual Return 348,00,000.00

Dr Plan Assets( Actual Return) 1800,00,000.00

Cr Expected Return( Pension Cost) 2148,00,000.00

Dr AOCI-Past Service Cost 6000,00,000.00

Cr DBO 6000,00,000.00

4) 2103

Dr DBO 4200,00,000.00

Cr Plan Assets 4200,00,000.00

Dr Plan Assets 5800,00,000.00

Cr Cash 5800,00,000.00

2014

Dr DBO 4500,00,000.00

Cr Plan Assets 4500,00,000.00

Dr Plan Assets 6300,00,000.00

Cr Cash 6300,00,000.00

8 0

2 years ago