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Marat540 [252]
2 years ago
8

Lake Company reported beginning and ending Total Assets of $25,000 and $35,000 respectively. The Net Sales for the year were $15

,000. What is the asset turnover ratio
Business
1 answer:
Leto [7]2 years ago
7 0

Answer:

0.50

Explanation:

Calculation for What is the asset turnover ratio

Using this formula

Asset turnover ratio=Net sales /Average total assets

Let plug in the formula

Asset turnover ratio=$15,000 / (($25,000 + $35,000)/2)

Asset turnover ratio=$15,000/($60,000/2)

Asset turnover ratio=$15,000/$30,000

Asset turnover ratio= 0.50

Therefore the asset turnover ratio will be 0.50

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Two firms sell 100% orange juice in 10 ounce bottles. The juice is only good for one week. The two firms have contracts for all
Feliz [49]

Answer:

D. Cournot model.

Explanation:

This is explained to be a model pattern wherever 2 companies in most cases that are in duopoly are seen to provide a sort of product at the same time meeting a needed amount and most importantly severally as a kind of competition. As seen above, that was the case of the two firns in the above question. Founding economist fathers has explained that if a game contains a continuous strategy set then it's not forever simple to depict the strategic kind and outcome matrix is an in depth kind as a tree. so as to gift Cournot game, new notation are going to be helpful if a game contains a continuous strategy.

7 0
2 years ago
One of the reasons why cash flow analysis is popular is because ________.
konstantin123 [22]

Answer:

D

Explanation:

Cash flow is the flow of cash and cash equivalent in and and out of a business.  

there are three types of cash flows:  

1. Investing cash flow - It involves the use of long term cash. it is the cash flow generated from the purchase and sale of fixed asset e.g. Sale of plant assets.  

2. operating cash flow - it shows the net amount of cash generated from a company's normal business operation  

3. financing cash flow - it shows the net amount of funding a company receives over a given period e.g. issuance of common stock  

Reasons why cash flow analysis is popular

  1. Cash flows are less subject to manipulation when compared with net income
  2. Cash flow in often positive when net income is negative or zero
6 0
2 years ago
ABC Company insured its building on a replacement cost basis for $700,000 under a property insurance policy that included an 80%
Rama09 [41]

Answer:

$35,000

Explanation:

Given that

Insurance = $700,000

Sustained cost = $40,000

Replacement cost = $1,000,000

Policy = 80%

The computation of amount eligible for payment is as shown below:-

Insurance required = Cost of building × Co insurance

=$1,000,000 × 0.80

= $800,000

The amount eligible for payment = (Insurance Carried ÷ Insurance Required) × Loss

= $700,000 ÷ ($1,000,000 × 80%) × ($40,000)

= $700,000 ÷ $800,000 × $40,000

= 0.875 × $35,000

= $35,000

3 0
3 years ago
Kai operates the Surf Shop in Laie, Hawaii, which designs, manufacturers, and customizes surf boards. Hawaii has a hypothetical
prohojiy [21]

Answer:

Explanation:

According to the Kai surf shop in Laie, Hawaii, below is the computation of sales and use tax of surf shop that must collect or remit.

A.

Kai doesn't have a sales tax nexus with Utah, therefore it will not have any sales tax liability. Instead, Kalani will have a tax liability in Utah that will be $63($1000 x 6.85%).

B.

kai will have a tax liability of $83($2000 x 4.166%) Also, Nick will have use tax liability of $87[($2000 x (9% - 4.166%)].

C.

Kai doesn't have a sales tax nexus with Michigan, therefore it will not have sales tax liability. Instead, Jim will have a use tax liability in Michigan will be $140($2000 x 6%)

D.

Sales and use tax is not imposed on sale of services. Therefore, neither Kai nor Scott will have any sales or use tax liability.

7 0
3 years ago
___________ is a doctrine that applies to strict liability actions that says a plaintiff who is contributorily negligent for his
Anna35 [415]

Answer:

Crash worthiness

Explanation:

Crash  worthiness is a term that depicts a vehicle's capacity to ensure its tenants during an impact.  

In the event that you continue wounds in a fender bender because of the vehicle's absence of crash value, at that point you may have a case against the vehicle's producer.  

It is exceptionally reliant on how the materials, development and plan of the vehicle cooperate.

7 0
3 years ago
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