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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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hjlf

Answer:

credited; right; debited; left

Explanation:

The journal entry to record this transaction is shown below:

Cash A/c Dr $1,900

     To Service revenue A/c $1,900

(Being the cash is collected)

It to be displayed in T accounts

For cash account

                                                               Cash

Debit side

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For service revenue account

                                                    Service revenue

                                                                                      Credit side

                                                                                     Cash    $1,900

So, the cash account would be debited and would be displayed on the left hand side while the service revenue would be credited and  would be displayed on the right hand side

8 0
3 years ago
Match the job titles with the career clusters
Lerok [7]

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a group of students is measuring the numbers of papers bag brought to a recycling center in a single day. what are the students
Kitty [74]

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A financial services firm routinely processes a large volume of account change requests. A Lean Six Sigma team wants to understa
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Answer:

E) 1920

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