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2 years ago

Selected current year company information follows:

Business

1 answer:

koban [17]2 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

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valentina_108 [34]

Answer:

B. Debit Loss $5,000.

Explanation:

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$\frac{cost- salvage}{useful \: life}$

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book value at 2019 year-end:

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3 years ago

These are selected 2022 transactions for Pronghorn Corporation:

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Answer:

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2 years ago

MATCH EACH TERM WITH EACH DEFINITION

aliya0001 [1]

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2 years ago

The Cromwell Company sold equipment for $35,000. The equipment, which originally cost $120,000 and had an estimated useful life

Alla [95]

Answer:

Explanation:

Original Cost -$120,000

Useful life -10 years

Residual Value - $20000

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3 years ago

Oscar's Flower Shop maximizes profits by hiring four workers in a perfectly competitive labor market. The workers and their valu

MissTica

Answer: A. In equilibrium, each worker is paid is or her value of marginal product of labour.

Explanation:

Marginal productivity of income distribution refers to the additional revenue derived from the marginal unit of product produced and that wages should be equal to the marginal revenue derived from the production of additional or marginal product and this is achieved at equilibrium.

The theory also implies that workers should not be paid below or above the marginal revenue derivable from marginal product which implies they cannot be paid $15 or $40, moreover the product price is not a determinant of wages rate.

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3 years ago