1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cupoosta [38]
3 years ago
11

A firm has sales of $3,340, net income of $274, net fixed assets of $2,600, and current assets of $920. The firm has $430 in inv

entory. What is the common-size statement value of inventory? A. 44.16 percent B. 16.54 percent C. 13.36 percent D. 12.87 percent E. 12.22 percent
Business
1 answer:
Vlad [161]3 years ago
8 0

Answer:

The answer is E. 12.22 percent.

Explanation:

The calculation for common-size percentage is: (Amount / Base amount) x 100.

On the balance sheet or financial position the base is total assets and on the income statement the base is net sales.

The common-size statement value of inventory will be:

Value of inventory/total assets.

Total assets = $2,600 + $920

=$3,520

Value of inventory = $430

Therefore, we have:

($430/$3,520) x 100

12.22percent.

You might be interested in
If an applicant has extensive training, numerous scholastic accomplishments, a high level of community involvement, and no work
Gala2k [10]
A functional/hybrid resume would be more suitable for this situation.

Chronological order is normally most supportive when itemizing work understanding, so a potential boss can see where you worked and for to what extent, so it isn't as simple to apply chronological order to your group inclusion or broad preparing.
6 0
3 years ago
The role of a _____ is to provide direction and funding for a project.
spin [16.1K]
Project Sponsor, Most project sponsors have many interested parties or stakeholders, but someone must take the primary role of sponsorship.
7 0
3 years ago
A food worker vomits a few hours before he is scheduled to work, but he feels better in
Mila [183]
It’s B or D i would think but I can’t be for positive.. sorry if it’s wrong
3 0
3 years ago
Read 2 more answers
All interest rates in the economy are set by the federal reserve. true or false
aivan3 [116]

Answer:

False

Explanation:

Most interest rates in the economy are not set by federal reserve. For example, banks decide what interests to pay different kind of deposits and charge loans of different risks on their own (with consideration for competition and profitability).

What the Fed does is set important rates (discount rate and funds rate) that influence other interest rates in the economy.

6 0
3 years ago
How might the inability to provide fringe benefits affect a sole proprietors ability to run a business
Reika [66]
The inability of sole proprietors to provide fringe benefits to their employees can affect the service rendered to customers. Without fringe benefits, the employer will not be able to attract quality applicants for his business. He may have to settle for less qualified staff who may not be able to provide clients with excellent service.
4 0
3 years ago
Other questions:
  • For the case of a perfectly price-discriminating monopolist (ppdm), producer surplus can be calculated as:
    5·1 answer
  • Which of the following statements are TRUE about credit scores?
    7·2 answers
  • In Section 7, the word warranty is best defined as A) a contract between USATestPrep and its Customers. B) a guarantee of any pa
    7·2 answers
  • Magnolia, Inc., manufactures bedding sets. The budgeted production is for 17,700 comforters this year. Each comforter requires 7
    12·2 answers
  • Clorox sells five major product lines including cleaning, household, lifestyle, professional, and international. Together the pr
    5·1 answer
  • Assume there are four people in a city. Person A owns nothing, person B owns a chicken shack worth $10,000, person C owns a smal
    13·1 answer
  • Based on the sticky-price model, the short-run aggregate supply curve will be steeper the greater the:
    14·1 answer
  • Liabilities normally carry a _______ balance and are shown in the ______________. Debit; Balance sheet Debit; Income statement D
    10·1 answer
  • Which of these statements about liquidity traps is false? Firms are unlikely to undertake investment during liquidity traps beca
    14·1 answer
  • New technology for mixing and freezing ice cream lowers manufacturers' costs of producing chocolate ice cream. As a result, the
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!