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3 years ago

Queen Products Company are presented below. All balance sheet data are as of December 31.

Business

1 answer:

jonny [76]3 years ago

7 0

Answer:

1. Asset turnover times. =1.31 times

2. Return on assets. = 7.9%

3. Return on common stockholders’ equity =10.5%

Explanation:

Asset turnover

Asset turnover indicates how efficient a business in the use of asset to generate sales. The higher the number of times the better.

Asst turnover = Turnover /Total asset

= 757,500/577,100

=1.31 times

Return on Asset

Return on asset is measure of the percentage of asset earned as income. The higher the better

Return on assets = Net income/Assets

= 45,500/577,100× 100

= 7.9%

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<em>Return on Equity</em>

This measures the proportion of equity investment earned as net income. The higher the better

Return on Equity = Net income/Equity

Return on commons stockholders

= 45,500/433,400 × 100

=10.5%

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SartainC orporation is planning its annual budget and has the following beginning and ending inventory levels planned for the ye

Tanzania [10]

Answer:

c.530,000 grams

Explanation:

Calculation for How much of the raw material should the company purchase during the year

First step is to prepare the Production Budget

PRODUCTION BUDGET

Budgeted unit sales 170,000

Add desired ending finished goods inventory

32,000

Total 202,000

(170,000+32,000)

Less beginning finished goods inventory (22,000)

Required production in units 180,000

(202,000-22,000)

Second step is to prepare Materials Budget

MATERIALS BUDGET

Raw materials required for production 540,000

(180,000*3 grams)

Add desired ending finished goods inventory

42,000

Total raw materials needed 582,000

(540,000+42,000)

Less beginning finished goods inventory (52,000)

Required material purchases 530,000 grams

(582,000-52,000)

Therefore the amount of the raw material that the company should purchase during the year is $530,000 grams

7 0

3 years ago

Target marketing is a business strategy that focuses a firm's marketing efforts toward a potentially profitable segment of a lar

Bingel [31]

Answer:

A. True

Explanation:

Market can defined in different ways depending on the context in which it is used. within this context, a market is the potential buyers of a particular product. or service.

Target marketing is a conscious marketing effort where a provider of a product or service study the population of a geographical location with view to identifying the set of people who will need his product. It involves breaking a large heterogeneous market into segments or homogeneous part and providing market offerings that best suite that particular identified segment or market.

Target marketing involves identifying the following:

1. Who your target market is. You must be able to know the potential customers and the size. This is what is called demographics information.

2. What is there gender and what do they need

3. How do they buy

4. Why do they buy.

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4 years ago

Checkers uses the periodic inventory system. For the current month, the beginning inventory consisted of 7,200 units that cost $

klio [65]

Answer:

C. $125,550

Explanation:

Given that

At beginning = 7200unit at $12 each

During = 3000unit at $13

= 12000 unit at $13.50

Sold = 12900 unit.

Therefore, USING FIFO

Unit sold

= (7200 × 12) + (3000 × 13) + (2700 × 13.50)

= 86400 + 39000 + 36450

= $161850.

Thus, inventory remaining

= (12000 - 2700) × 13.50

= 9300 × 13.50

= $ 125,550

Ending inventory = $125,550

7 0

4 years ago

Which type of visual aid would you use to show changes over time?

son4ous [18]

A plot in Cartesian axes.
This kind of graph has two exes: x (horizontal) and y (vertical). X represents the independent variable, in this case: time. Y represents the dependent variable, which is the one that is changing over time. For example, you can make this graph with temperature along the year. You will usually have higher temperatures in summer, which will be represented in the upper part of the graph, and lower temperatures in winter, which will be represented in the bottom part of the graph. January will be on the left and December will be on the right.

6 0

3 years ago

If the growth rate in nominal income is larger than the inflation rate (as measured by the change in the CPI or the GDP deflator

Temka [501]

Answer:

Increased since nominal income has grown faster than the price index

Explanation:

To answer this question one must know the conceptual difference between nominal income and real income. Nominal income is the gross value of the increase in income, without discounting the value of inflation. Real income is the value of income after the calculation that discounts the inflation variation of nominal income. Thus, real income can be positive, which means that there has been a real increase in consumer income, or negative, when real labor income has grown below the inflation rate (impoverishment process).

Thus, if the nominal income growth rate is higher than the inflation growth rate, there is a real income growth, since the nominal income growth was higher than the inflation index growth. This generates an increase in real income, which has a positive balance.

3 0

3 years ago