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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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Consider the following five situations. In which situation would a borrower be best off and in which situation would a lender be

umka2103 [35]

Answer:

The borrower is best off in situation "a" and the lender is best off in situation ▼ "C" .

Explanation:

Considering all the situations given in the options, the borrower is best in situation a and lender is best off in situation in c.

Part a

Real Interest rate = Nominal Interest rate - Inflation rate = 14 - 17 = -3 per cent. Thus, the purchasing power of money has fallen and the person has to pay back money with little purchasing power as compared to the value of the purchasing power at the time he borrowed money. Thus, borrowers are best off.Thus, borrower is best off when the inflation rate is very high.

Part c

Inflation rate is negative, thus the purchasing power of money will increase and lenders will get back money with higher purchasing power as compared to the value of the purchasing power of money at the time he lend the money. Thus, lender is best off when inflation rate is lowest.

5 0

2 years ago

Assume that you contribute $300 per month to a retirement plan for 25 years. Then you are able to increase the contribution to $

dmitriy555 [2]

Answer:

Total FV= $2,555,406.98

Explanation:

Giving the following information:

Investment 1:

Monthly deposit= $300

Number of months= 12*45= 540

Interest rate= 0.09/21= 0.0075

Investment 2:

Monthly deposit= $500

Number of months= 12*20= 240

Interest rate= 0.09/21= 0.0075

To calculate the future value, we need to use the following formula on each investment. I separated into two to simplify calculations.

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Investment 1:

FV= {300*[(1.0075^540) - 1]} / 0.0075

FV= $2,221,463.54

Investment 2:

FV= {500*[(1.0075^240) - 1]} / 0.0075

FV= $333,943.44

Total FV= $2,555,406.98

7 0

3 years ago

An audience is first asked to write the last 2 digits of their social security number, and, second, to submit mock bids on items

Alchen [17]

Answer: Anchoring bias

Explanation: Anchoring bias is described as the tendency to focus on one value or idea known as the “anchor” and not adjust away from it sufficiently (the simple act of thinking of the first number strongly influences the second, even though there is no logical connection between them); It is also defined as the tendency of people to place subsequently refined answers to a given question close to the initially estimated answer, giving unduly weight to the initial answer, such as adjusting the initial estimate of 10% to 20% when 90% would have been more appropriate.

Some examples of anchors might include: real estate listing prices, initial cost estimates for development projects, salary of your last job etc.

8 0

2 years ago

On December 31 of the current year, Plunkett Company reported an ending inventory balance of $211,500. The following additional

Aloiza [94]

Answer:

$153,900

Explanation:

Calculation the amount that Plunkett should report in ending inventory on December 31

31 December Ending Inventory=$211,500 - $43,300 - $14,300

31 December Ending Inventory=$153,900

Therefore the amount that Plunkett should report in ending inventory on December 31 is $153,900

6 0

2 years ago

When asked why she participated with other students in a protest against treatment of women on her campus, Kai says that all hum

stira [4]

Answer:

The correct answer is A. postconventional.

Explanation:

This level of moral development consists of an approach from a perspective superior to society. The person who reaches this level sees beyond the norms of his own community, reaching the principles on which any good society is based. Very few adults manage to have a postconventional trial.

Those individuals who reach the postconventional level have their own ethical principles, which include basic human rights such as life, freedom and justice; they see the rules as useful but modifiable mechanisms, instead of absolute norms that must be obeyed without questioning.

Because individuals with a postconventional reasoning overlap their own moral evaluation of situations about social conventions, their behavior, especially in stage six, can sometimes be confused with that of those who are in the preconventional stage.

7 0

3 years ago