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const2013 [10]
4 years ago
12

"Maple Corp. had net sales of​ $217,550 for the year ended December​ 31, 2017. Its beginning and ending total assets were​ $94,2

00 and​ $113,500, respectively. Determine​ Maple's asset turnover ratio for the year ended December​ 31, 2017.​ (Round your answer to two decimal​ places.)"
Business
1 answer:
BaLLatris [955]4 years ago
7 0

Answer:

2.09

Explanation:

Asset ratio is  a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.

It is calculated by dividing the net sales by average total assets.

The average total assets is used in order to make allowance for fluctuation in the course of business year

<u>Workings</u>

Net sales = $217550

Opening total asset = $94200

Closing Total assets = $ 113500

Asset ratio turnover = 217550/(94200+113500)/2

=2.09

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S5B-17 (similar to) Upper G Wholesale Company began the year with merchandise inventory of $ 5 comma 000. During the​ year, Uppe
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Cost of Goods Sold: 79,900

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The returns decreases the net purchases, and the freight-in is a necessary cost for get the goods so; it is activate through inventory.

Beginning              5,000

Purchased            97,000

Return                   (6,500)

Fregith-in           <u>     1,600  </u>

Good available:     97,100

The difference between goods available and ending inentory will be the cost of goods sale

Ending Inventory (17,200)

Cost of Goods Sold: 79,900

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b

Explanation:

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An estimated three-quarters of what product sold in naples originate in the black market?
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A local pizzeria sells 500 large pepperoni pizzas per week at a price of $20 each. Suppose the owner of the pizzeria tells you t
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Let
z----------------- > Price Elasticity
x----------------- > % Change in Quantity
y----------------- > % Change in Price

we Know that

Price Elasticity = (% Change in Quantity) / (% Change in Price)----> z=x/y

z=-2
y=-10%
x= <span>?
</span>z=x/y---------------- > x=z*y=(-2)*(-10)=20 %
% Change in Quantity=20%
Part A) how many pizzas will he sell if he cuts his price by 10%?
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the answer part A is 600 pizzas per week

Part B) <span>how will his revenue be affected?
<span>initial revenue per week
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<span>
the answer part B is
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3 years ago
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