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elena-s [515]
3 years ago
15

Assume Intel Corporation (INTC) and Texas Instruments (TXN) report the following information. Intel Corp Texas Instruments ($ mi

llions) Sales PPE, net Sales PPE, net 2015 $34,209 $15,768 $12,580 $3,918 2016 38,826 17,111 13,392 3,899 Compute the 2016 PPE turnover for both companies. a. INTC: 2.27 TXN: 3.44 b. INTC: 2.17 TXN: 3.21 c. INTC: 2.50 TXN: 3.50 d. INTC: 2.36 TXN: 3.43
Business
1 answer:
KATRIN_1 [288]3 years ago
3 0

Answer:

d. INTC: 2.36 TXN: 3.43

Explanation:

The property , plant equipment turnover is the ratio of sales divided by the amount of PPE as shown below:

PPE turnover=sales/(beginning PPE+ending PPE)/2

Intel Corporation (INTC):

PPE turnover=$38,826/($15,768+$17,111)/2

PPE turnover=$38,826/$16,439.50  

PPE turnover=2.36 times

Texas Instruments (TXN):

PPE turnover=$13,392/( $3,918+$3,899)/2

PPE turnover=$13,392/$3,908.50

PPE turnover=3.43 times

The correct option is D

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There would be $1200 left over.
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3 years ago
Employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they
kotegsom [21]

Answer: differentiation

Explanation:

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The above source of conflict is due to differentiation. The differentiation is as a result of them not working in thesame divisions hence, they see things differently and not in the same way.

6 0
4 years ago
Bob is shopping in Carl’s Hardware Store when a nail gun in use by Dan, one of Carl’s employees, fires without warning and hits
Zanzabum

Answer and Explanation:

In an action based on strict liability, a plaintiff must show that

(1) a product was defective,

(2) the defendant was in the business of distributing the product,

(3) the product was unreasonably dangerous due to the defect,

(4) the plaintiff suffered harm,

(5) the defect was the proximate cause of the harm, and

(6) the goods were not substantially changed from the time they were sold.

A plaintiff does not have to show that there was a failure to exercise due care, and this distinguishes an action based on strict liability from an action based on negligence, which requires proof of a lack of due care. If Bob establishes his case, the court in this problem is most likely to rule in his favor, because the manufacturer is strictly liable in this case. Strict liability allows a plaintiff to recover damages for injuries resulting from product defects without proof of fault.

3 0
3 years ago
Nanjones Company manufactures a line of products distributed nationally through wholesalers. Presented below are planned manufac
Murrr4er [49]

Answer:

Variable manufacturing overhead spending variance= $2,000 favorable

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

<u></u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 2,400,000 / 240,000

Predetermined manufacturing overhead rate= $10 per machine hour

<u>To calculate the variable overhead spending variance, we need to use the following formula:</u>

<u></u>

Variable manufacturing overhead spending variance= (standard rate - actual rate)* actual quantity

Variable manufacturing overhead spending variance= (15 - 214,000/21,600)*21,600

Variable manufacturing overhead spending variance= $2,000 favorable

6 0
3 years ago
. Intellus has long-term debt of $5 million, owners' equity of $7.5 million, current assets of $1 million, gross fixed assets of
stich3 [128]

Answer:

- $0.5 million

Explanation:

The computation of the net working capital is shown below:

We know that

Net working capital = Current assets - current liabilities

where,

Current assets = $1 million

The net fixed assets = Gross fixed assets - Accumulated depreciation

= $20 million - $7 million

= $13 million

Total assets = Current assets + net fixed assets

                    = $1 million  + $13 million

                    = $14 million

And,

Total assets = Total liabilities + owners equity

$14 million = Total liabilities + $7.5 million

So, the total liabilities is

= $14 million - $7.5 million

= $6.5 million

Total liabilities = Current liabilities + long term debt

$6.5 million =  Current liabilities + $5 million

So, Current liabilities is $1.5 million

Now the net working capital equal to

=  $1 million - $1.5 million

= - $0.5 million

7 0
3 years ago
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