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4 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]4 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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damaskus [11]

Answer:

Based on the CAPM approach, the cost of common from reinvested earnings is e. 10.93%

Explanation:

Hi, first, let´s introduce the formula for the CAPM approach.

$Cost(e)=rf+beta*RPM$

Therefore:

$Cost(e)=0.041+1.30*0.0525=0.1093$

So, the cost od common from reinvested earnings is 10.93%, which would be option "e".

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3 years ago

The Express Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $ 451 comm

KonstantinChe [14]

Answer:

(1) $1,230,000

(2) 110,000 customers

Explanation:

Given that,

Fixed cost = $451,000 per year

Average sales check per customer = $ 8.20

Average cost of food and other variable costs for each customer = $ 4.10

Income tax rate = 30%

Target net income = $114,800

(1) Contribution margin ratio:

= (Selling price - Variable price) ÷ Selling price

= ($ 8.20 - $ 4.10) ÷ $ 8.20

= 0.5

Income before tax:

= Net income ÷ (1 - Tax rate)

= $114,800 ÷ (1 - 0.3)

= $164,000

Desired revenue (dollars):

= (Fixed cost + Income before tax) ÷ Contribution margin ratio

= ($451,000 + $164,000) ÷ 0.5

= $1,230,000

(2) Customers are needed to break even:

= Fixed cost ÷ contribution per unit

= $451,000 ÷ ($8.20 - $4.10)

= $451,000 ÷ $4.10

= 110,000 customers

8 0

3 years ago

During November, TaskMaster purchased 208,000 pounds of direct materials at a total cost of $436,800. The total factory wages fo

aniked [119]

Answer:

See below

Explanation:

Given the above information,

Direct material price variance is computed as;

= (Actual price - Standard price) × Actual quantity

Actual price = $436,800/208,000

Standard price = $436,800/182,000

Actual quantity = 208,000

Direct material price variance

=[ ($436,800 / 208,000) - ($436,800 / 182,000 ] × 208,000

= ($2.1 - $2.4) × 208,000

= $62,400 unfavourable

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3 years ago

Roberts Company uses the percent-of-sales method to estimate uncollectibles. Net credit sales for the current year amount to $

taurus [48]

Answer:

The balance of Allowance for Uncollectible Accounts, after adjustment, will be $2,100.

Explanation:

Allowance for Uncollectible Accounts = Allowance for Uncollectible Accounts prior to adjustment + Current year's Allowance

Allowance for Uncollectible Accounts = $1,000 + $1,100

Allowance for Uncollectible Accounts = $2,100

So, The balance of Allowance for Uncollectible Accounts, after adjustment, will be $2,100.

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4 years ago

Which of the following statements about the W-4 form is TRUE? (Select all that apply) This form is given to employees on their f

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Answer:

given first day of job

let employers know how much to withhold

Explanation:

does NOT provide reported wages

is NOT given every January

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3 years ago