1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Murrr4er [49]
3 years ago
11

Selected current year company information follows:

Business
1 answer:
koban [17]3 years ago
6 0

Answer:

b. 2.81 times

Explanation:

Calculation to determine Total stockholders' equity, end-of-year 121,851

Total asset turnover is:

First step is to calculate the Total assets

Beginning Ending

Total liabilities $83,932 $103,201

Total equity 198,935 121,851

Total assets $282,867 $225,052

Now let determine the Total asset turnover

Total asset turnover = $712,855/[($282,867 + $225,052)/2]

Total asset turnover= 2.81 Times

Therefore Total stockholders' equity, end-of-year 121,851

Total asset turnover is:2.81 Times

You might be interested in
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions
xeze [42]

Answer:

The classification is shown below:

Explanation:

As we already know that

Cash receipts is the amount which is received by the company in cash that results in increment in cash balance. It is a cash inflow

While the cash payment is the amount which has to be paid by the company in cash that results in decrements in cash balance. It is a cash outflow

So based on this, the categorization is presented below:

Retired $200,000 of bonds, on which there was $2,000 of unamortized discount, for $208,000. = Cash payment for $208,000

Sold 12,000 shares of $20 par common stock for $39 per share.  = 12,000 shares × $39 = $468,000 cash receipt

Sold equipment with a book value of $47,500 for $68,400.  = Cash receipt for $68,400

Purchased land for $328,000 cash. = Cash payment for $328,000

Purchased a building by paying $51,000 cash and issuing a $90,000 mortgage note payable. = Cash payment for $51,000

Sold a new issue of $270,000 of bonds at 98. = Cash receipts for $264,600 ($270,000 × 0.98)

Purchased 4,000 shares of $30 par common stock as treasury stock at $60 per share. = Cash payment for $240,000 (4,000 shares × $60)

Paid dividends of $1.90 per share There were 19,000 shares issued and 3,000 shares of treasury stock.  = Cash payment for $304,00 (19,000 shares - 3,000 shares) × $1.90

7 0
3 years ago
A first step when considering a career is to________.
Dafna1 [17]
The first step when considering a career is to assess yourself.
3 0
3 years ago
Read 2 more answers
The U.S. Department of Agriculture guarantees dairy producers that they will receive at least $1.00 per pound of butter they sup
Roman55 [17]

the price is 546

because you add all that and you get that muchh

3 0
3 years ago
A retail store had sales of $44,900 in April and $55,000 in May. The store employs eight full-time workers who work a 40-hour we
WINSTONCH [101]

Answer:

0.52%

Explanation:

Productivity in April = $44,900 / (((8*40) + (8*12)) * 4)

Productivity in April = $44,900 / ((320 + 96) * 4)

Productivity in April = $44,900 / (416 * 4)

Productivity in April = $44,900 / 1664 hours

Productivity in April = $26.98 per hour

Productivity in May = $55,000 / (((8*40) + (11*17)) * 4)

Productivity in May = $55,000 / ((320 + 187) * 4)

Productivity in May = $55,000 / (507 * 4)

Productivity in May = $55,000 / 2028 hours

Productivity in May = $27.12 per hour

% increase in productivity per hour = ($27.12 - $26.98) / $26.98

% increase in productivity per hour = $0.14 / $26.98

% increase in productivity per hour = 0.0052

% increase in productivity per hour = 0.52%

6 0
3 years ago
Can someone plz answer I got a bunch of work to do and if I don't finish I'll fail my freshman yr
Assoli18 [71]
Wow, That's tough..... I'll help. 1, A. Income.  2, D. Soil.  3, D. Resources. I hope this helped. :)
3 0
3 years ago
Other questions:
  • ABC Company, which is headquartered in the U.S., has its production plant located in a less- developed country. In this producti
    11·1 answer
  • Which of the following is influenced by personal economic choices? Check all that apply.
    9·1 answer
  • Knox Company has a new product with a projected selling price of $6.00 each. It estimates that it could sell 100,000 units annua
    8·1 answer
  • Role of a veterinary doctor in rearing livestock effectively
    15·1 answer
  • While inserting an array function the excel user must press
    12·1 answer
  • Data that are observed or collected directly from respondents are called: a. primary data. b. direct samples. c. secondary data.
    11·1 answer
  • The total factory overhead for Rowland Company is budgeted for the year at $652,000 and divided into two departments: Fabricatio
    13·1 answer
  • You are considering an investment project with an internal rate of return of 8.7 percent, a net present value of $393, and a pay
    8·2 answers
  • On July 1, Sterns Co. acquired patent rights for $36,000. The patent has a useful life of 6 years and a legal life of 15 years.
    8·1 answer
  • ________ refers to the impaired decision making that occurs in a team when making the right decision is less important than main
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!