Answer:
3.50
Explanation:
Given the information above, we need to find first the Average fixed assets.
Average fixed assets = Fixed assets beginning balance + Fixed assets ending balance / 2
= ($370,000 + $398,000) / 2
= $384,000
Then , the fixed assets turnover will be calculated as;
Fixed assets turnover = Net revenue / Average net fixed assets
= $1,340,000 / $384,000
= 3.50
Therefore, Campbell Co. Fixed asset turnover ratio would be 3.50
Answer:
$3,325
Explanation:
Reserves are maintained to fulfil the customers withdrawal requirement. It is imposed by the State bank over the Banks to hold a specific percent of cash as reserves. Bank hold the reserves and invest or utilize the residual in the market.
In this question 5% of $3,500 will be reserved and the remaining $3,325 will be available for the money supply in the market in different forms.
the maximum possible increase in the money supply as a result of your bank deposit is $3,325.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
The dinner-dance committee has assembled the following expected costs for the event:
Dinner (per person) $ 18
Favors and program (per person) $ 2
Band $ 2,800
Rental of ballroom $ 900
Professional entertainment during intermission $ 1,000
Tickets and advertising $ 1,300
The committee members would like to charge $35 per person.
1) Break-even point= fixed costs/ contribution margin
Break-evenn point= (Band+rental+professional entertainment+tickets)/[price - (dinner+favors)]
Break-even point= 6000/(35-20)= 400 individuals
2) Q= 300 P=?
300=6000/(P-20)
300*(P-20)= 6000
300P=12000
P=$40
Answer:
Explanation:
This could be due a number of factors.
1 Externality effect
2 There could also be market failure, when property rights are not properly defined.
Externality is the effect of a third party on a property right, when all parties cannot come to an agreeable resolution on properties this could lead to inefficient use of land.
Also when the property rights are not put in place its difficult to come to a resolution that satisfies all parties.
<span>The sales in 2018 will be $800,000. Let the sales in 2018 be x and 13% increase shows 1.13x and the calculation will be done by dividing 904000 with 1.13 and the answer will be 800000. This is simple calculation as the question is showing that the sales in 2018 were less so that answer is also checked.</span>
