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
777dan777 [17]
3 years ago
5

A firm has net working capital of $440, net fixed assets of $2,186, sales of $5,500, and current liabilities of $750. How many d

ollars worth of sales are generated from every $1 in total assets?
a. $1.70
b. $2.52
c. $1.63
d. $1.87
e. $2.09
Business
1 answer:
Goryan [66]3 years ago
4 0

Answer:

c. $1.63

Explanation:

We have to calculate the asset turnover which is shown below:

Total asset turnover = (Sales revenue ÷ Total assets)

where,

Sales revenue = $5,500

The net working capital = Current assets - current liabilities

$440 = Current asset - $750

So, the current asset = $750 + $440

                                   = $1,190

And, the total asset equal to

= Fixed asset + current asset

= $2,186 + $1,190

= $3,376

Now the total asset turnover equal to

= $5,500 ÷ $3,376

= 1.63

You might be interested in
Provide the economic term/concept for this description. *NO ABBREVIATIONS*
elena55 [62]

Answer:

8gc uv u o du I. 8. o ixd u. o

5 0
3 years ago
Which of the following help to build credit?
solniwko [45]

Answer:

Good rental history and employment stability are two things that help to bulid a good credit score.

6 0
2 years ago
The following totals for the month of April were taken from the payroll register of Magnum Company. Use this information to answ
tankabanditka [31]

Answer:

(C) debit to Payroll Tax Expense for $1,148

Explanation:

"employer's payroll taxes" This means we are asked for the entry of the employer, not the employee.

The employer will contribute the same amount for FICA(medicare and social security)  FUTA and SUTA

so the entry will be :

<u>payroll tax expense debit 1148</u>

FICA taxes payable credit 900

FUTA payable credit 32

SUTA payable credit 216

7 0
3 years ago
Wordmill Publications purchased a printing machine for $40,000 on January 1, 20X1. On December 31, 20X5, it sold the printing ma
Diano4ka-milaya [45]

Answer:

d. The gain of $5,000 is deducted in the operating activities section of the statement of cash flows.

Explanation:

Printing machine is fixed Asset and gain on sale of fixed assets are deducted in operating activities before changes in working capital as it is non operating income and these are deducted from the figure of net profit which is shown in operating activities.

8 0
3 years ago
Over a 10-year period, Rebecca goes to
juin [17]

Rebecca is earning twice as much as Mark because she has added value to herself by getting educated and would most likely be able to solve problems faster and more efficiently than Mark assuming they are in the same industry. Here in lies the value of education.

<h3>How does education help us earn better?</h3>

Education helps to drive innovation and critical thinking. Psychologically, education is one of the best ways to keep the mind active and sharp.

For a society to advance economically, education is essential. In order to consistently be creative, we require employees to pursue new knowledge and research.

Higher literacy rates are also associated with better economic conditions in a nation.

A population with higher levels of education has access to more work options. This is because education fosters research and innovation.

Learn more about education at;
brainly.com/question/24374672
#SPJ1

8 0
2 years ago
Other questions:
  • If you invested $250 in a bank account for 2 years and received $7.50 in simple interest, what was the annual interest rate for
    12·1 answer
  • MC algo 3-13 Equity Multuiplier Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ i
    6·1 answer
  • A German toy company manufactures its products within U.S. borders. If the
    7·2 answers
  • Ian admits to and corrects bookkeeping mistakes right away. Shin Lee reported a conflict-of-interest issue to her supervisor imm
    9·1 answer
  • Twenty-two-year-old Chad has just graduated from college. He wants to buy a new car to celebrate. He expects to be able to make
    9·1 answer
  • Mills Corporation's balance sheet included the following information: Accounts Receivable $ 560,000 Less: Allowance for Doubtful
    8·1 answer
  • As a factor of production, how is capital created
    10·2 answers
  • List which coins are profitable and which are not.
    6·1 answer
  • Match the following items.
    7·1 answer
  • When all the terms of a contract are specifically set forth, the resulting
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!