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
NNADVOKAT [17]
3 years ago
6

During 2013, Stein Corporation reported net sales of $3,500,000 and net income of$2,100,000. Stein also reported beginning total

assets of $1,000,000 and ending totalassets of $1,500,000. Stein’s asset turnover ratio is______.
a.3.5 times.
b.2.8 times.
c.2.3 times.
d.1.7 times
Business
1 answer:
lana66690 [7]3 years ago
5 0

Answer:

b.2.8 times.

Explanation:

Asset turnover =  net sales/average total assets

From Stein Corporation report,

Net sales = $3,500,000

Beginning total assets = $1,000,000

Ending total assets = $1,500,000

Average total asset = ($1,000,000 + $1,500,000)/2

                                 = $1,250,000

Asset turnover = $3,500,000/$1,250,000

                         = 2.8 times

Option b is right.

You might be interested in
Which part or phrase in the passage describes a method of primary market research that Jeremy might choose?
Flauer [41]

Answer:

The answer is B. I think.

Explanation:

7 0
2 years ago
Read 2 more answers
Assume that the market is perfectly competitive. If the cost function for John's Shoe Repair is �(�) = 100 + 10� − �) + 3 4 �4,
kirill [66]

Answer:

Explanation:

C(q) = 100+10q-q^2+(1/3)q^3

To find the firm marginal cost function:

Take the derivative with respect to q

MC = 10 - 2q + q^2

Assuming that the market price is p , then the profit maximising condition is:

MR = MC

p = 10 - 2q + q^2

The short-run supply curve is the marginal cost curve that lies above the average variable cost.

The average variable cost is:

AVC =VC/Q

AVC = (10q-q^2+(1/3)q^3)/Q

AVC = 10 - q + (1/3)*q^2

So, the short-run supply curve is:

SRS = 10 - 2q + q^2 if p > 10 - q + (1/3)*q^2

5 0
3 years ago
Identify strategies to promote the development of the human resources field in business
Naya [18.7K]

Answer:

  1. Develop a thorough understanding of your company’s objectives
  2. Evaluate your HR capability
  3. Analyze your current HR capacity in light of your goals
  4. Estimate your company’s future HR requirements
  5. Determine the tools required for employees to complete the job
  6. Implement the human resource management strategy
  7. Evaluation and corrective action

3 0
3 years ago
Which of the following is correct concerning reactions to INCREASES in activity? Total Variable Cost Variable Cost Per Unit A) I
maxonik [38]

Answer:

Total Variable Cost, Variable Cost Per Unit

Explanation:

  • The increase of the activity is associated with the increase of the total variable costs and costs per the unit and is the sum of the variable cots of each individual product developed and is obtained by multiplying one unit of the variable cost to the products.
6 0
3 years ago
Bonner Corp.'s sales last year were $415,000, and its year-end total assets were $355,000. The average firm in the industry has
koban [17]

Answer:

$182,083

Explanation:

The computation of the total assets by considering the total assets turnover is shown below:

Total assets turnover = Sales ÷ total assets

2.4 = $415,000  ÷ total assets

So, the total assets equal to

= $415,000 ÷ 2.4

= $172,917

So, the assets is reduced by

= Year-end total assets - calculated assets

= $355,000 - $172,917

= $182,083

5 0
3 years ago
Other questions:
  • Flagler Corporation shows a total of $1,190,000 in its Common Stock account and $1,050,000 in its Paid-in Capital Excess account
    15·1 answer
  • Research results showed that experimental Drug R had a minimal-to-modest effect in reducing the symptoms of Generalized Anxiety
    13·1 answer
  • TJ's has a market value equal to its book value. Currently, the firm has excess cash of $218,500, other assets of $897,309, and
    5·1 answer
  • Which of the following factors are typically omitted from the quantitative analysis of wages but can help explain otherwise unac
    14·2 answers
  • 3)You have won a contest and are allowed to choose between two prizes. One option is to receive$200 today and another $200 one y
    9·1 answer
  • Which of the following scenarios will shift the investment demand curve right? Instructions: You may select more than one answer
    6·1 answer
  • Which of the following phrases best describes the accomplishment to be listed on a résumé?
    5·2 answers
  • FORco, a country F corporation, wants to open a sales office in the United States. FORco does not form a U.S. subsidiary, but in
    14·1 answer
  • On January 1, a company agrees to pay $20,000 in three years. If the annual interest rate is 10%, determine how much cash the co
    13·1 answer
  • Each marketing function occurs _____ a product or service is developed and sold.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!