The wage is currently $20 per hour. There is no non-labor income.

Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (

Llana [10]

Answer:

1.

13.6%

2.

19.23%

3.

38.13%

&

0.55

Explanation:

1.

Return on Asset is the ratio of net income to total asset of the company. It measure the productivity and efficiency of all the assets used to generate this net income.

Return on Assets = Net Income / Total Assets = $6,600 / $48,497 = 0.136 = 13.6%

2.

Cash Return on Asset is the ratio of Operating cash flows to total asset of the company. It measure the productivity and efficiency of all the assets used to generate this operating cash flow.

Return on Assets = Operating cash flow / Total Assets = $9,324 / $48,497 = 0.1923 = 19.23%

3.

Cash flow to sales is the ratio of cash flow in the period to sales. It measures that how much cash received as percentage of sales.

Cash Flow to Sales = Operating Cash flow / Sales = $9,324 / $24,451 = 0.3813 = 38.13%

Assets turnover is a ratio of sales to the fixed asset of a company. It shows that how effectively the company using its fixed assets to generate the revenue. It measures the efficiency of the fixed asset in making sales.

Formula

Asset Turnover = Net Sales / *Avg. Fixed Assets = $24,451 / $44,132.5 = 0.55

*Average Fixed Assets = ($39,768 + $48,497) / 2 = $44,132.5

3 0

3 years ago

Marigold Corp. gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books

Helga [31]

Answer:

Marigold Corp. gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $13700 Deposits in transit 1900 Notes receivable and interest collected by bank 4620 Bank charge for check printing 160 Outstanding checks 9400 NSF check 870.

The adjusted cash balance per books on April 30 is:__$17,290.

Explanation:

a) Data and Calculations:

Cash balance per books, 4/30 = $13,700

Deposits in transit 1,900

Notes receivable and interest collected by bank 4,620

Bank charge for check printing 160

Outstanding checks 9,400

NSF check 870

b) Cash balance per books, 4/30 $13,700

Notes receivable and interest collected by bank 4,620

Bank charge for check printing -160

NSF check -870

Adjusted cash balance as per books on April 30 $17,290

c) The adjusted cash balance of $17,290 will be equal to the balance on the bank statement on the same date, unless there is another accounting error that is not listed above.

7 0

2 years ago

Both petroleum and coal are made up of complex carbon-based molecules, and both originated with living creatures of some kind. B

-BARSIC- [3]

For the answer to the question above, my answer would be comparison and contrast, as it is explaining the similarities between coal and petroleum.
I hope my answer helped you. Feel free to ask more questions. Have a nice day!

6 0

3 years ago

Which one of the following is NOT one of the arguments against social responsibility as used by economist Milton Friedman?

777dan777 [17]

Answer:

B) Businesses can actually do very little in terms of social responsibility.

Explanation:

Milton Friedman is most famous for the defense of the Chicago School economics which is a neoclassical approach to macroeconomics. He favored free trade, smaller government and a slow but constant growth of the money supply. I personally disagree with neoclassical economists because they have the tendency to mess things up and time proves they are always wrong (that is a biased but positive statement). He was the father of monetarism, but if you look at his last two disciples, George Bush and George W. Bush, the outcome was not positive ⇒ 3 deep recessions in 3 presidential terms.

As a neoclassical economist, Friedman believed and argued in favor of the trickle down in economics. That means that if you allow the rich to get overwhelmingly rich, their riches will spill over to the rest of society. Not because they are good people that like to share their wealth, but because they need workers and employees to keep consuming goods and services in order to get the economy moving. Eventually the spilled over wealth should return to the top. So it is no wonder why he opposed corporate social responsibility, since wasting time and money in the community, employees or the environment was simply a waste of resources that could be used to increase stockholders' wealth.

I understand how theoretically this might work, but it takes the human factor out of the equation and expectations are extremely important in economics, that is why they always fail.

6 0

3 years ago

Atlantic Corporation reported the following amounts at the end of the first year of operations: contributed capital $100,000; sa

romanna [79]

Answer:

A) retained earnings $40,000 and expenses $340,000.

Explanation:

Total Assets = Total Equity + Total Liabilities

$300,000 = Total Equity + $160,000

Total Equity = $300,000 - $160,000

Total Equity = $140,000

Now

Total Equity = Contributed Capital + Retained Earning

$140,000 = 100,000 + Retained Earning

Retained Earning = $140,000 - $100,000 = $40,000

Now

Retained Earning = Revenue - Expenses - Dividend paid

$40,0000 = $400,000 - Expenses - $20,000

$40,0000 = $380,000 - Expenses

Expenses = $380,000 - $40,000

Expenses = $340,000

3 0

3 years ago