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
Avril Synchronistics will pay a dividend of $ 1.40 per share this year. It is expected that this dividend will grow by 7​% each
professor190 [17]

Answer:

$18.73 per stock

Explanation:

we need to calculate the company's terminal value and we can use the dividend growth model:

P₀ = Div₁ / (Re - g)

  • Div₁ = $1.40 x (1 + 7%) = $1.498
  • Re = 15%
  • g = 7%

P₀ = $1.498 / (15% - 7%) = $1.498 / 8% = $18.725 ≈ $18.73 per stock

4 0
3 years ago
Jamison's gross tax liability is $7,255. Jamison had $2,450 of available credits and he had $4,050 of taxes withheld by his empl
STALIN [3.7K]

Answer:

$755 taxes due  

Explanation:

Data provided in the question

Gross tax liability = $7,255

Credits available = $2,450

Taxes withheld by his employer = $4,050

So by considering the above information, the Jamison taxes due with his tax return is

= Gross tax liability - credits available - taxes withheld by his employer

= $7,255 - $2,450 - $4,050

= $755 taxes due  

6 0
3 years ago
The Old World Café’s cash register receipts showed total sales of $884. The cash equaled $534, and the credit card slips equaled
Crazy boy [7]

Answer:the answer is $307

Explanation: some one didn't pay

8 0
3 years ago
What is a saturated market like for sellers? A. Consumer demand is higher. B. It contains more available consumers. C. It is mor
mestny [16]
Hello,

The answer should be option D "<span>It encourages companies to produce more of the product".

Reason:

A saturated market is a product that is distributed which means companies would have to make more of that product in order to make money, and to have more consumers buy their products. The answer is not option A because the consumer will demand more of the product but not to be higher. Its not option B because the product is being distributed among people but not different consumers. Its also not option C because its not against other markets. Therefore the answer is option D.

If you need anymore help feel free to ask me!

Hope this helps!

~Nonportrit </span>
4 0
4 years ago
Read 2 more answers
_____, which are websites that provide virtual communities in which people with shared interests can communicate, are common sou
masha68 [24]

Answer:

B) Social networking sites

Explanation:

5 0
3 years ago
Other questions:
  • Liz and Moss disagree over the amount due under their contract. To avoid involving any third party in the resolution of their di
    6·1 answer
  • Please help ASAP giving BRAINLIEST , Did I get this correct?
    15·1 answer
  • If a country produced nothing but 20 smartphones and 10 Blu-ray players in 2017, priced at $100 per smartphone and $200 per Blu-
    6·1 answer
  • When output increases, the PPC of the economy , indicating in the economy.
    9·2 answers
  • Who wants to be my friend and get 10 point reply and follow me . AllyubongAbasiEtuk​
    8·2 answers
  • The data for demand curve D indicate that at a price of $0.30 per Greebe, buyers would be willing to buy __________ million Gree
    15·1 answer
  • If the $10.61 cost in 1972 is equal to $68.69 in 2013, then what rate of inflation, i%=?, was used to determine the 2013 costs?
    11·1 answer
  • Identify which statement is true of specialty products. a. They are made directly available to a consumer through direct mail. b
    15·1 answer
  • The present value of $100 paid annually at year end for 20 years at 10% per year is:________.
    11·1 answer
  • For the following year, show how the following amounts should be reported on the financial statements:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!