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3 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]3 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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2. Below are mixed SWOT factors of KFC case study. Fill the chart to Identify each SWOT factor. (2points each)

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Answer:

Strengths :

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2. Alongside KFC, Taco Bell and Pizza Hut also share the same corporate owner brands. Brands have the influence, power, and resources to improve KFC as a restaurant.

3. KFC became popular thanks to its good chicken

Weaknesses :

1. Serving high-fat foods; considering how health-conscious the public is these days, greasy chicken is not going to cut it anymore.

2. KFC follows a franchise management system, meaning each one is individually managed. It is not uncommon for one KFC to have high reviews while another, just down the street, is collecting bad press.

Opportunities :

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2. KFC is in the prime spot to dive into the vegetarian market. Adding new vegetarian options will improve the relationship between KFC and health-conscious and vegetarian consumers

3. Introduce new products fish and deals menu that will attract more customers.

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3 years ago

Much of the supply of ________________ is from china and india where chemical manufacturers have less government oversight.

Eva8 [605]

The answer in the space provided is 'coming from'. It is because the countries like China and India has government which has less over sight which enables them to transport goods from chemical manufacturers because of their government that are not that strict in terms of transporting goods to other countries compared to others countries that have more over sight and are more strict.

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3 years ago

On January 1, 2017 the City of Graf pays $85,500 fora work of art to display in the local library. The city will take appropriat

Nookie1986 [14]

Answer:

Explanation:

The journal entries are shown below:

a. Artwork A/c Dr $85,500

To Cash A/c $85,500

(Being work is reported on the government-wide financial statements)

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To Accumulated Depreciation A/c $5,700

(Being depreciation expense is recorded)

The depreciation expense is shown below:

= Original cost ÷ useful life

= $85,500 ÷ 15 years

= $5,700

b. Artwork expenditure A/c Dr $85,500

To Cash A/c $85,500

(Being work is reported on the fund financial statements

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3 years ago

Suppose, before the 2016 presidential elections, the League of Women Voters wanted to sponsor a three-way debate among the leadi

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Answer:

No. Clinton would lose the right to use that time.

Explanation:

As you may already know, during a presidential election it is common for candidates to participate in debates. These debates allow them to express their views on important factors in national politics, as well as giving these candidates the opportunity to present their political ideas, what they stand for and why they deserve your vote.

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3 years ago

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Answer:

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Cr Cash 1,250

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Cr Accounts payable 10,050

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Cr Fees earned 15,500

Dr Accounts payable 10,050

Cr Cash 10,050

Dr Accounts receivable 2,700

Cr Fees earned 2,700

Dr Rent expense 1,225

Cr Cash 1,225

Dr Cash 1,125

Cr Accounts receivable 1,125

Dr Dividends 10,000

Cr Cash 10,000

Cash Accounts receivables

Debit Credit Debit Credit

100,750 1,250 2,700 1,125

15,500 10,050 1,575

1,125 1,225

10,000

94,850

Office Supplies Equipment

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1,250 10,050

1,250 10,050

Accounts payable Common Stock

Debit Credit Debit Credit

10,050 10,050 100,750

0 0 100,750

Fees earned Rent Expense

Debit Credit Debit Credit

15,500 1,225

2,700 1,225

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Dividends

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10,000

10,000

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3 years ago