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qaws [65]
3 years ago
12

Your company has net sales revenue of $50 million during the year. At the beginning of the year, fixed assets are $22 million. A

t the end of the year, fixed assets are $24 million. What is the fixed asset turnover ratio
Business
1 answer:
antiseptic1488 [7]3 years ago
6 0

Answer:

Fixed assets turnover= 2.17

Explanation:

Calculation for The fixed assets turnover

Using this formula

Fixed assets turnover = Net Sales Revenue / Average Fixed Costs

Let plug in the formula

Fixed assets turnover = $ 50 Million / [ ( $ 22Million + $ 24Million) /2]

Fixed assets turnover =$ 50 Million / ($46Million /2)

Fixed assets turnover=$ 50 Million / $23 Million

Fixed assets turnover= 2.17

Therefore Fixed assets turnover will be 2.17

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The answer is 10 Hispanics. :)
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3 years ago
A 30-second radio spot for Louies sporting goods cost $650.If the spot is run three times a day for one week, how much will Loui
lisabon 2012 [21]

Answer:

The total amount that Louies spends on advertising=$13,650

Explanation:

To calculate the total amount Louies sporting goods spends on advertising, we express the total expenditure as follows;

Total expenditure=Cost per day×number of days

Cost per day=cost per spot×number of spots in a day

Cost per day=(650×3)=$1,950

Number of days in a week=7 days

replacing;

Total expenditure=Cost per day×number of days

Total expenditure=(1,950×7)

Total expenditure=$13,650

The total amount that Louies spends on advertising=$13,650

5 0
3 years ago
In the context of the Situational Leadership model which of the following was defined as the extent to which a leader spells out
loris [4]

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<h3>The definition of situational leadership is which of the following?</h3>

Situational leadership is the practice of adapting your management style to the needs of the team or specific team members in each unique situation or assignment. Paul Hersey and Ken Blanchard established the Situational Leadership Theory in 1969.

<h3>Which four contextual factors influence leadership?</h3>

Every leader should be aware of the four key elements of leadership: the led, the leader, the situation, and the communication. When exercising leadership, all four criteria must constantly be taken into account.

To know more about behavior visit:-

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5 0
1 year ago
Gale Corporation leases the printing equipment it uses. The terms of the lease require the monthly lease payments to be made at
matrenka [14]

Answer: TRUE

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Annuities can be made to be very flexible in which it can be for a FIXED,UNTERMED, DEFERRED etc.

7 0
3 years ago
Key aspects of the process selection challenge include __________ and __________ Capital Intensity; Process Flexibility Informat
Ugo [173]

Answer:

A. capital intensity; process flexibility

Explanation:

Capital Intensity is the mix of equipment and human skills in the process; the greater the relative cost of equipment, the greater is the capital intensity.

Machining and assembly, programmable automation breaks the inverse relationship between resource flexibility and capital intensity.

8 0
3 years ago
Read 2 more answers
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