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
jonny [76]
4 years ago
9

Williams Manufacturing uses scrap metal to produce various tools, such as drill bits, hammer heads, saw blades, and nails. The C

EO has asked you to analyze the saw blades division to determine asset turnover for last quarter. You find that the saw blades division had an ROI of 20%, sales of $10 million, and operating profits of $1 million. What was the asset turnover rate for last quarter?
Business
1 answer:
jekas [21]4 years ago
7 0

Answer:

2

Explanation:

First, we have to apply the return on investment formula so that average operating assets can come after that we apply the asset turnover ratio and the same is shown below

We know that,

Return on investment = Operating Income ÷ Average Operating Assets

20% = $1,000,000 ÷ Average Operating Assets

So, the average operating assets would be

= $5,000,000

Now the asset turnover would be

= (Net Sales ÷ average operating assets)

= ($10,000,000 ÷ $500,000)

= 2

You might be interested in
One current answer to the historical struggle within management to balance the things of production and the humanity of producti
VikaD [51]

Answer:

Humanity of production

Explanation:

8 0
3 years ago
Who will be responsible for creating the disaster recovery plan and will likely be responsible for testing it and keeping up wit
CaHeK987 [17]

The disaster recovery planning team will be responsible for creating the disaster recovery plan and will likely be responsible for testing it and keeping up with its ongoing maintenance.

The disaster recovery team is responsible for creating the organization's disaster recovery plan, developing the planning processes and procedures, and implementing the plan to ensure data recovery in the event of a disaster.

Security administrator. network administrator. Executive Response: An organization's executives are ultimately responsible for corporate governance, including deciding whether to implement BCP/DRP controls.

The role of the Local Disaster Recovery Manager is to organize, coordinate and facilitate recovery at the local level. The experience and skills of these individuals should include a strong foundation for community development and a good knowledge of community demographics.

Learn more about disaster recovery at

brainly.com/question/2916834

#SPJ4

6 0
2 years ago
"What are the real flows and money flows that run between​ households, firms, and governments in the circular flow​ model? The r
Shkiper50 [21]
C. The services of factors of production; factor



7 0
3 years ago
Read 2 more answers
Clark Manufacturing manufactures a product with a standard direct labor cost of twohours at $12.00 per hour. During July, 2,000
meriva

Answer:

$2,400 U

Explanation:

Labor efficiency variance is a financial metric that assesses a company’s ability to efficiently use labor per the expectations. The variance is worked out as the difference between the actual labor hours utilized and the standard amount that ought to have been used, multiplied by the standard labor rate.

In Clark Manufacturing:

It is given that:

Number of hours required to produce one product = 2 hours

Standard Labor rate(SLR) per hour = $12

Actual Labor rate(ALR) per hour = $12.20

Units of products produced = 2000

Number of hours required(SLH) to produce 2000 units = 4,000 hours

Actual Labor Hours(ALH) used =4,200 hours

Labor Efficiency Variance =(ALH - SLH) *SLR

       = (4200-4000) *12

           200*12 = $2,400 U

U means unfavorable. This variance is unfavorable because the labor cost exceeded the standard or budgeted labor cost.

4 0
3 years ago
BMW and United Airlines cannot be considered in the same industry analysis because they compete in different industries.
OleMash [197]

Answer: False

Explanation:

The statement that "BMW and United Airlines cannot be considered in the same industry analysis because they compete in different industries" is wrong.

It should be noted that both of them are in the mobility industry. The mobility industry refers to the industry which covers the broad range of the organisations which provide products and services thar are used to support domestic and international relocations and assignments.

7 0
3 years ago
Other questions:
  • Platt Company produces one product, a putter called PAR-putter. Platt uses a standard cost system and determines that it should
    5·1 answer
  • Gross Accounts Receivable is $12,000. Allowance for Doubtful Accounts has a credit balance of $600. Net sales for the year are $
    13·1 answer
  • Elijah is a warehouse production manager and has been assigned a complex project that might result in lengthy delays. in order t
    9·1 answer
  • What should I do with 200 dollars on Black Friday
    15·2 answers
  • Under HIPAA, "retrospective research" (a.k.a., data mining) on collections of PHI generally … A) Is covered by Common Rule/FDA r
    9·2 answers
  • You are looking to invest in one of three stocks. All other things being equal, Stock A has high expected earnings growth, stock
    8·1 answer
  • Goodwin Technologies, a relatively young comply, has been wildly successful but has yet to pay a dividend. An analyst forecasts
    14·1 answer
  • 1. PROVIDE A BRIEF INTRODUCTION FOCUSING ON YOUR EDUCATION, CAREER, AND DECISION TO APPLY TO UNIVERSITY OF THE CUMBERLANDS.2. IN
    12·1 answer
  • The supplies account had a beginning balance of $1,823. Supplies purchased during the period totaled $4,344. At the end of the p
    12·1 answer
  • The factors that affect worker productivity include
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!