Answer:
2.09
Explanation:
Asset ratio is a business tool used to measure the efficiency of assets towards sales generation by comparing net sales to average total assets.
It is calculated by dividing the net sales by average total assets.
The average total assets is used in order to make allowance for fluctuation in the course of business year
<u>Workings</u>
Net sales = $217550
Opening total asset = $94200
Closing Total assets = $ 113500
Asset ratio turnover = 217550/(94200+113500)/2
=2.09
Answer:
a. Assets = Liabilities + Stockholder's Equity
Assets = Cash (7,000,000*$47) = -$32,90,00,000
b. Liabilities = No Effect
c. Stockholder's Equity = -$32,90,00,000
Answer:
Yes
Explanation:
Yes, Robin would need to pay because she knew that Ted was not licensed and still decided to hire him. Therefore, agreeing to contract Ted and pay him for the work that he has done. Regardless of whether or not Ted's job was legal or not Robin still agreed and must pay Ted. Ted will later have to deal with his own legal issues but that does not affect the contract that was agreed upon by both parties.
Answer:
The labor force is 140 million.
Explanation:
The working-age population refers to the portion of the population that is of the working age. It does not include children and old people.
People who have a job or business are considered employed.
The workers who do not have a job and are actively looking for one are considered unemployed.
Those workers who do not have a job and are not actively looking for one are called discouraged workers.
Working-age population = 200 million
Number of people employed = 135 million
Number of discouraged workers = 10 million
Number of people unemployed = 5 million
Labor force = Number of people employed + Number of people unemployed
Labor force = 135 million + 5 million
Labor force = 140 million
