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
Mama L [17]
3 years ago
9

At the beginning of the year, Carson Company reported total current assets of $658,000 and total assets of $2,450,000. Carson re

ported sales of $6,000,000 for the year. At the end of the year, Carson reported total current assets of $790,000 and total assets of $2,800,000. Compute the total asset turnover.
a. 2.45
b. 2.29
c. 8.29
d. 2.14
Business
1 answer:
ehidna [41]3 years ago
4 0

Answer:

Total Asset Turnover: 2.2857

Explanation:

                           <u>Total Assets</u>    

       

Begininng Balance           2,450,000        

       

Ending Balance              2,800,000          

       

Period activity                      350,000    

       

<u>Sales:</u> 6,000,000      

       

<em><u>Total Asset Turnover</u></em>:          <u>         </u><em><u> Sales   </u></em>

<em>                                               Average Total Assets</em>

<u>                  6,000,000               </u>

( 2,450,000 + 2,800,000 )  / 2

=

<u>6,000,000</u>

2,625,000

=

<u>2.2857</u>

You might be interested in
Careers in the Transportation and Logistics career cluster are
saul85 [17]

Answer:

B)secure industries that are expected to grow.

Explanation:

The other person was right but just accidently said A) instead of B)

Hope this helps! :D

8 0
2 years ago
Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. Of
JulijaS [17]

Answer:

Equivalent unit of conversion = Unit completed and transferred out+Ending WIP*Percent completion

= 15000+(3000*75%)

Equivalent unit of conversion = 17250

Total cost of conversion cost = 4500+32450+18710 = 55660

Cost per equivalent unit of conversion Cost = Total Cost/Equivalent unit = 55660/17250 = 3.23

6 0
2 years ago
Strategy implementation can be the most difficult part of the strategic management process. Which of the following is not likely
RUDIKE [14]

Answer:

d) Competition

Explanation:

According to  Rajasekar, J. (2014). <em>Factors affecting effective strategy implementation in a service industry</em> Strategic management process key factors are the role of leadership, the role of culture and the role of organizational structure in strategy implimentation.

On the other hand, "the absence of real competition is either not aware of the need to formulate a strategy and implement it (clarity of strategy) or believe there is no need to do so due to the business structure" (p.177)

Reference: Rajasekar, J. (2014). Factors affecting effective strategy implementation in a service industry: A study of electricity distribution companies in the Sultanate of Oman. International Journal of Business and Social Science, 5(9).

3 0
3 years ago
Assume for this question that herman has 55 employees. when herman asks sally about jake's ability to see, what would be conside
Serhud [2]
<span>Herman would have to take action if he find's out from Sally that Jake has a visual impairment. He would have to consider whether or not he could reasonably make changes that would allow Jake to still do his job, or if the needed changes would cause an undue hardship on the business.</span>
7 0
3 years ago
From 1965 to 2013, women went from 9 percent to _____ percent of u.s. medical students. 52 30 47 12
LUCKY_DIMON [66]
The answer to this question would be: 47%

In 1965, there are just 9% of women that taking medical program but in 2013 the amount is nearly same as the man. The increase is more intense before 1990 which was 40%. It would be 31% increase from 1965. The percentage of the total applicant and the accepted applicant is nearly same, so the increase is mostly done because there are more women applicant in later years.
8 0
2 years ago
Other questions:
  • An automobile manufacturer produces and sells the Energy-Saver Car in North America. It also produces and sells the Smart Little
    7·1 answer
  • Dangerousness had been conceptualized as a ________ variable, while risk assessment is a ________ variable.
    6·1 answer
  • Cleaning products applied particularly to instruments and equipment to reduce or eliminate infectious organisms are called _____
    8·1 answer
  • A marketing manager who orders that a successful product be removed from the market after a customer dies from consuming it may
    11·1 answer
  • All of the following statements concerning shortage are true, EXCEPT: Group of answer choices
    13·1 answer
  • Farah is one of a handful of permanent employees at an e-retailing company that has little to no formal structure. Depending on
    9·1 answer
  • Public-opinion polls in a small city have revealed that citizens want more resources spent on public safety, an annual fireworks
    6·1 answer
  • Rosalie owns 50% of the outstanding stock of Salmon Corporation. In a qualifying stock redemption, Salmon distributes $80,000 to
    13·1 answer
  • On December 31, after adjustments, Gonzalez Company's ledger contains the following account balances: 101 Cash $ 27,200 Dr. 111
    15·1 answer
  • Based on your reading of the following passage, to which listed careers do you think John might be suited? (Select all that appl
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!