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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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Define nongovernment organizations
arlik [135]

Answer:

-UNICEF Việt Nam – Quỹ Nhi đồng Liên Hiệp Quốc

– UNFPA – Quỹ Dân số Liên Hợp Quốc

– UNIDO – Tổ chức Phát triển Công nghiệp Liên Hiệp Quốc

– Aide et Action International

– IntraHealth International

– The Asia Foundation

Explanation:

Tổ chức phi chính phủ phủ là tổ chức quốc tế trong đó các thành viên tham gia không phải là chính phủ, tổ chức phi chính phủ được thành lập một cách tự nguyện, hợp pháp không vì lợi nhuận, thúc đẩy sự phát triển trong công nghệ, khoa học kỹ thuật…

7 0
3 years ago
On March 1, 2017, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company
OleMash [197]

Answer:1. Cost on warehouse of

$8600

Answer. Debit cost of land

2. Sales of salvage materials of $1700

Answer. Credit cost of land

3. Attorney fee of $1100

Answer Debit cost of land

4.Broker fee of $5000

Answer. Debit cost of land

5. Architect fee $7800

Answer. Debit cost of land

6. Driveway and parking lot

Answer. Debit cost of land.

Explanation:

The cost of property includes the price of purchase and other related tax e.g vat paid on the property, plants or equipment.

The cost of the asset further includes all cost spent to bring it to the desired state of use while subtracting all income earned in the process and this necessitate the treatment of the cost of raising warehouse and salvage materials.

Included in the cost of the asset acquired are the professional fees incurred like the Architecture, Attorney etc. Furthermore the cost included the driveway and parking lots for they are also necessary to make it usable.

5 0
4 years ago
Mary Cooper just purchased 100 shares in the All-American Fund. The purchase cost for each share was $10. If this fund charges a
MariettaO [177]

Answer:

The total commission is $ 30

Explanation:

Since the commission (load) percentage is 3% and the total cost is of the share purchase is $ 1000, the total commission due will be $ 30. This is calculated by $ 1000 x 3%. The total cost of her investment will be 1030

5 0
4 years ago
A real estate company provides housing services to retired individuals. It basically helps individuals above the age of sixty to
Harrizon [31]

Answer:

The correct answer is the option E: It can charge very high prices.

Explanation:

To begin with, the business presented in the case as a real estate company that provides housing services to retired individuals who typically are above the age of sixty can charge high prices to their customer due to the fact that basically they are looking for the most important service that there is in the market, a house. Moreover, the fact that the company only sales to retired people and therefore it specializes in a niche market indicates that the company is good at what they do an that is why those individuals choose it. Furthermore, the fact that these elderly people go to the organization expecting to find a house with peaceful surroundings generates the fact that they are willing to pay as much as they can to have the best for them  at the very last of their time.

8 0
4 years ago
Why is planning such an important part of marketing?
ludmilkaskok [199]
Planning is such an important part of marketing because it helps you develop products and services in your business that meet the needs of whatever your market goal is (your target).
8 0
3 years ago
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