Answer:
Total Assets Turnover Ratio
Answer:
<u>income statement using an absorption income statement format.</u>
Sales ( 480 × $1,960) 940,800
Less Cost of Sales ( 480×$1,350) (648,000)
Gross Profit 292,800
Less Operating Expenses
Variable selling and administrative expenses (480×$40) (19,200)
Fixed selling and administrative expenses $225,000 (225,000)
Interest Expense ($12,000)
Net Income $36,600
Explanation:
Absorption Costing Considers BOTH variable and fixed costs in product cost.Non-Manufacturing are treated as period costs.
<u />
Having a debit card will be more advantageous that having a prepaid card because:
- Debit cards have lower fees.
- Debit cards don't have to be loaded to be used.
<h3>Which is better between prepaid and debit cards?</h3>
Prepaid cards are generally better for those that do not have bank accounts or do not want to link their spending to their bank accounts on they have less advantages in general.
They often have higher fees than debit cards which sometimes have little to no fees. And because prepaid cards are not connected to your account, they will need to be loaded each time as opposed to the convenience offered by debit cards.
Find out more on prepaid cards at brainly.com/question/17741219
#SPJ1
Answer:
Mercantilism
Explanation:
Mercantilism is a national economic policy that is designed to maximize the exports, and minimize the imports, of a nation.
Answer: 2.46: 1
Explanation:
The Current ratio is used to determine if the current assets of a business can be used to pay off its current liabilities.
Current Ratio = Current assets / Current Liabilities
Current Assets = Cash + Accounts receivable + Inventory + Prepaid insurance
= 187,000 + 150,000 + 152,000 + 88,400
= $577,400
Current Liabilities = Accounts payable + Salaries and wages payable
= 208,000 + 26,500
= $234,500
Current ratio
= 577,400/234,500
= 2.46