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const2013 [10]
3 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]3 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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The audience's perception of a speaker's competence, trustworthiness, and dynamism is termed A) credibility. B) charisma. C) cha
MAXImum [283]

Answer:

A) credibility

Explanation:

Credibility can be defined as the quality of being trusted and believed in.

The audience have been able to perceive the competence, trustworthiness and the dynamism of the speaker, and these are the criteria to judge credibility.

4 0
3 years ago
Today, your paint line must produce 4950 gallons of beige paint. Your four step manufacturing process has the following scrap ra
Eddi Din [679]

Answer:

For paint line to must produce the 4950 gallons of beige paint, it needs total of 5174.1 Kg. It accounts for the factors which are mentioned in the question . Explanation for this is attached in the image.

Explanation:

Explanation is in the attached image.

7 0
3 years ago
In Australia Coca-Cola launched Mother, an energy drink. However, most people did not like the taste. Rather than introducing an
vitfil [10]

Answer: (D) Styling

Explanation:

The coca-cola is changing the styling of products as it increase the marketing and the business. By changing the styling of existing product we make the product more attractive by developing new ideas on the product.

We can create and develop the new product by changing the existing drawbacks and create into the new styling of the product and also re-position the existing product in the market.

By advertising the new products on the different types of platform like the social media we advertising the brand of the products.

Therefore, Option (D) is correct.  

5 0
3 years ago
Bill is employed by a company to design and maintain custom software applications used by the company's employees to determine i
Alona [7]

John is the <u>internal customer</u> of Bill.

An internal customer is someone within the business that relies on the assistance or work of <em>someone else in the business</em> to do their work. In this case John relies on the software that Bill creates.

Another example would be a marketer who relies on the graphic designer to create an ad before the marketer can use it in an ad campaign.

4 0
3 years ago
Sneed Corporation issues 9,700 shares of $49 par preferred stock for cash at $66 per share. The entry to record the transaction
NARA [144]

Answer:

a.Preferred Stock for $475,300

and Paid-In Capital in Excess of Par—Preferred Stock for $164,900.

Explanation:

The par value it's a minimum price that the company assigns to the issued shares only to be used in the accounting system but it's not related to market price.    

This par value will be shown as a separate value in the section of stockholders' equity, reported under the item Paid-in-Capital, the difference with the market price it's reported as Preferred Stock.    

Cash                                                                            $640.200  Debit  

Preferred Stock                                                     $475.300  Credit  

Paid-In Capital in Excess of Par—Preferred Stock  $164.900  Credit  

7 0
3 years ago
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