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Marat540 [252]
3 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]3 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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konstantin123 [22]

Before introducing yourself, it is imperative that you fully inform yourself about the two cases to be discussed, and what the effects of each have on the organization. It is also important to make a hypothetical situation of each case and to observe probable causes and effects that will assist in creating the probable scenario and in decision making.

8 0
3 years ago
The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly.
Bond [772]

Answer:

$60 per unit

Explanation:

Total overheads:

= Overheads of fabrication department + Overheads of assembly department

= $90,500 + $109,700

= $200,200

Total labor hours:

= Blinks + Dinks

= (1,013 × 4) +  (1,859 × 5)

= 4,052 + 9,295

= 13,347

Overhead rate per hour = Total overheads ÷ Total labor hours

                                        = $200,200 ÷ 13,347

                                        = $15 per hour

Total overhead cost for blinks:

= Total hours for blinks × rate per hour

= 4,052 × $15 per hour

= $60,780

Overhead cost per unit for Blinks:

= Total overhead cost for blinks ÷ Total units

= $60,780 ÷ 1,013

= $60 per unit

5 0
3 years ago
"As a result of the increase in government​ expenditures, the" A. money supply curve will shift right. B. money supply curve wil
blondinia [14]

Answer:

A. money supply curve will shift right.

Explanation: when the supply of money is increase by the central bank,the money supply curve will shift right. Leading to a lower interest rate,but,the money supply curve shifts left, when the supply of money falls,which leads to higher interest rate.

8 0
3 years ago
Read 2 more answers
How frequently is the value of insurers variable sub accounts normally calculated
Dennis_Churaev [7]

Answer:

Everyday because the ever-increasing complexity of our securities laws has led to a great deal of confusion among investors over the differences between mutual funds and variable annuity sub-accounts.

Explanation:

That's the answer.

8 0
2 years ago
Jay Harrod and 2 trainees were sent to a 2 day sales seminar. The registration fee was $165 per person. Training materials cost
sladkih [1.3K]

Answer:

$1,232

Explanation:

the training costs include:

registration fees = $165 x 3 = $495

training materials = $35 x 3 = $105

trainees' wages = 2 x 8 x $14.50 = $232

Harrod's wage = ($52,000 / 52 weeks) x 2/5 days = $400

total training cost = $1,232

Employees must be paid their normal salary when they attend training sessions.

7 0
3 years ago
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