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
What is a multinational company
Dahasolnce [82]
A company that exists on different locations around the world I think.
5 0
3 years ago
Trackanddeliver.com is an online retail store that does not require a fixed delivery location and delivers goods to the current
My name is Ann [436]

Answer:

E. functional innovation

Explanation:

Functional innovation -

It is the method by which the any problem is solved by using creative and innovative method , is known as functional innovation.

This method is adapted by organisation for stand apart in the competitive market , by using new , innovative and creative methods.

Hence , from the question,

Trackanddeliver.com deliver the product to the peoples exact location , uses the method of functional innovation.

8 0
2 years ago
In what year was the EEOC established<br> O<br> A. 1970<br> B. 1930<br> C. 2007<br> D. 1965
Maslowich

Answer:

D. 1965

Explanation:

The Civil Rights Act of 1964 is a civil rights and labor law in the United States of America that prohibits discrimination in employment, segregation in schools, and enforces the constitutional voting rights of the citizens.

The Civil Rights Act of 1964 was enacted by the 88th US Congress and signed into law on the 2nd of July, 1964 by President Lyndon B. Johnson.

The Equal Employment Opportunity Commission (EEOC) is a federal agency that was established by US Congress on the 2nd of July, 1965 based on the Civil Rights Act of 1964 so as to uphold and enforce all civil rights law against workplace discrimination by the employers or employees in the United States of America.

Equal Employment Opportunity Commission (EEOC) guidelines asserts that employers of labor wouldn't be held liable for national origin discrimination after implementing an "English-only" rule, if the employer can show that it is necessary for the following;

I. To communicate with customers who can speak English only.

II. To efficiently promote cooperative work assignments among teams (employees).

III. To enhance or facilitate safety during an emergency.

3 0
2 years ago
The gini ratio for lifetime income is _______ the gini ratio for annual income.
o-na [289]
<span>The Gini ratio for lifetime income is less than the Gini ratio for annual income.</span>
4 0
3 years ago
Which of the following statements is more likely if cash and marketable securities increase by $5,000 during a period in which c
Goryan [66]

Answer:

C) Debt increases by more than cash dividends paid

Explanation:

Based on the information given the statements that is more likely based on the below calculation will be : DEBT INCREASES BY MORE THAN CASH DIVIDENDS PAID reason been that the NET INCREASE IN THE CASH from financing activities was the amount of $4,500

Net Increase In The Cash from financing activities = $5000 - $1000 + $500

Net Increase In The Cash from financing activities= $4500

4 0
3 years ago
Other questions:
  • Giving consumers larger quantities at a low price would help taco bell regain _____.
    6·1 answer
  • Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual rate of unemployment is 7 percent
    7·2 answers
  • For a company using target costing, market price minus profit equals target price.
    13·1 answer
  • En cualquier mometo el sistema de inventario perpetuo muestra muestra la cantidad de inventarios disponibles
    13·1 answer
  • Which account is an example of a contra-expense account?
    9·2 answers
  • John, 25, just started contributing to his employer's 401(k) plan and started an ira account. he is choosing to invest only in b
    9·1 answer
  • In your own opinion, what are the things or action that can acquire and keep up business apparatuses required to help work envir
    9·1 answer
  • The job _______ results in two written statements: one that specifies the responsibilities, duties and working conditions of the
    6·1 answer
  • As a general rule what percentage of debt to gdp
    13·1 answer
  • What are the different components that electronic banking provides?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!