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horrorfan [7]
3 years ago
12

A firm only has current assets and fixed assets. Its current assets are $100,000 and total assets are $300,000. The firm's sales

are $900,000. The firm's fixed asset turnover is
Business
1 answer:
iris [78.8K]3 years ago
6 0

Answer:

Firm's fixed asset turnover = 4.5

Explanation:

Given:

Current assets = $100,000

Total assets = $300,000

Firm's sales = $900,000

Find:

Firm's fixed asset turnover

Computation:

Fixed assets = Total assets - Current assets

Fixed assets = $300,000 - $100,000

Fixed assets = $200,000

Fixed asset turnover = Sales / Fixed asset

Firm's fixed asset turnover = $900,000 / $200,000

Firm's fixed asset turnover = 4.5

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There are three simple procedures that small business owners should do on a timely basis to prevent fraud when they can’t afford
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Allow one key employee to operate the bank account personally.

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4 years ago
On January 1, 2017, Hage Corporation granted incentive stock options to purchase 25,000 of its common shares at $9 each. The opt
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Answer:

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Proceeds from exercise of options a          $225,000

(25,000 × $9)

Used to repurchase of common stock b     $18,750

( $225,000 ÷ $12)

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3 0
3 years ago
You are going to sell your house. You are determining what the price should be. To help you, you have collected information of h
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Also, looking at the data gotten, you can understand that this houses has been sold according to the contents that made up the building, because some old builder were sold more costlier than some new buildings, and some building with a much bigger square feet were sold in a lower price when compared to some buildings with a smaller square feet

4 0
3 years ago
A commercial testing company has developed a brand new test intended to measure the mathematical skills of students who possess
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Answer: Equivalent forms

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