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Bingel [31]
3 years ago
5

Analysis of a company's financial statements: Below are simplified versions of the balance sheet and income statement for Toys b

y Tom, Inc. Use this information to answer the following question. A 15% increase in inventory turns for Toys by Tom, Inc. would bring this ratio to ____, suggesting ________ in ________.
Business
1 answer:
nlexa [21]3 years ago
8 0

Answer: 3.9 times; an improvement; efficiency

Explanation:

Inventory turns is calculated by the formula:

= COGS / Inventory

= 8.4 / 2.50

= 3.36

Increased by 15%:

= 3.36 * (1 + 15%)

= ‭3.864‬

= 3.9 times

<em>Inventory turns is used to show how often the inventory was sold in a period. A higher ratio therefore presents </em><u><em>increased efficiency</em></u><em> and is desired. </em>

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On April 1, 2019, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What
emmainna [20.7K]

Answer:

The insurance expense on the annual income statement for the year ended December 31, 2019 will be D. $337.50

Explanation:

The company paid the $1,350 premium on a three-year insurance policy.

The insurance expense per year = $1,350/3 = $450

From April 1, 2019 to December 31, 2019, the company had bought the insurance for 9 months.

The insurance expense on the annual income statement for the year ended December 31, 2019 = $450/12x9 = $337.5

6 0
3 years ago
Focus groups should be comprised of how many people? Three to five people Six to eight people Eight to 12 people 10 to 12 people
gregori [183]

Answer:

3-5 people

Explanation:

It's called a focus group for a reason. If there were 8-12, or 10-12 people, the others might not be able to focus. But there are people who need others to focus, so 3-5 would be a perfect number per group.

hope it helps! :3

6 0
3 years ago
The sec filed civil false-certification charges against which u.s. financial institution
drek231 [11]
If these were the given choices:
A) Wells Fargo
B) Countrywide
C) J.P. Morgan Chase
D) Bear Sterns
My answer would be C) J.P Morgan Chase The SEC filed civil false-certification charges against J.P Morgan Chase because they misled investors into investing in a complex mortgage securities transaction during the time when the housing market was starting to go down. J.P Morgan Chase agreed to pay a settlement that will reimburse the affected investors their total investments.
7 0
3 years ago
An effort to determine the fit between the organization's characteristics and its tasks and the motivations of individuals is re
seropon [69]

Answer:

B. Contingency

Explanation:

Contingency theory was proposed by Fred Edward Fiedler and it states that the success of a leader does not only depend on his abilities. It focuses on situational differences both between organizations and within an organization. It tries to match management practices with situational demands. It refers to the effort in determining the fit between the organization's characteristics and its tasks and the motivations of individuals.

5 0
4 years ago
One of the great benefits of trade is
Tanzania [10]

I believe the answer is: B.That it makes it possible for society to become better off by increasing both its production and its consumption.

Without trades, in order to fulfill all needs of the people, a country need to separate their time and resources to produce each of the needed products. With trades, a country could increase the production of the products in which they have a natural advantage at, and trade the products with other countries in case we need different product that we do not produce here.

6 0
3 years ago
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