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Hitman42 [59]
2 years ago
5

A company reports the following: Sales $6,750,000 Average total assets (excluding long-term investments) 2,500,000 Determine the

asset turnover ratio. If required, round your answer to one decimal place. fill in the blank 1
Business
1 answer:
Vinvika [58]2 years ago
6 0

Answer:

2.7

Explanation:

Calculation to Determine the asset turnover ratio

Using this formula

Asset Turnover = Sales/Average Total Assets

Let plug in the morning

Asset Turnover =$6,750,000/2,500,000

Asset Turnover =2.7

Therefore the asset turnover ratio is 2.7

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Identify which of the following statements is true.
JulijaS [17]

Answer:

A.

Explanation:

Organizational expense amortized over fifteen years for purposes of determining taxable income results in an upper adjustment in the initial years to book income on the Schedule Minus−1 when the expense is being amortized over ten years for book income purposes.

4 0
3 years ago
During a pandemic, goods and services may become scarce as a result of: A. Unwillingness to purchase goods and services due to f
lions [1.4K]

Answer: D. Restrictions on travel into and out of affected areas.

Explanation:

Restrictions on travel in and out of affected areas can lead to Scarcity in a Pandemic because there is no free movement of labour and capital.

With borders shut down, goods that were normally imported will suddenly become very hard to acquire because getting them through travel bans is very hard and in most cases, impossible.

Also affected are services as, for instance, the people who provided such services might live in or come from the place they provide said service to. Getting into those areas might prove too cumbersome a task thereby limiting Service provision.

Looking at the current Corona Virus Pandemic that has seen the most extensive Travel Restrictions by Countries in recent times and looking at the Scarcity being suffered by those same countries, drawing the conclusion that the Scarcity is as a result of an impediment to free movement of Goods and Services is most logical.

4 0
3 years ago
Read 2 more answers
Jenny has a high internal locus of control. She needs a job to help pay for her expenses. Based on what you know about her, whic
antoniya [11.8K]

Answer:A) Event organizer for a local politician.

Explanation:Locus of control is stern used to describe the degree or level to which people believe that events that happens to them are as a result of their actions as opposed to other external factors or influences.

A high internal locus of control is when a person has a strong belief that he or she is the main determinant of how events or things play out in their lives.

WITH A HIGH INTERNAL LOCUS OF CONTROL JENNY WILL PERFORM BETTER WHEN ASKED TO WORK AS AN EVENT PLANNER FOR A LOCAL POLITICIAN.

6 0
2 years ago
Explicit and Implicit Costs) Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100
loris [4]

Answer:

No

Amos McCoy is earning an economic loss. His implicit cost ($200) is greater than his accounting profit ($100)

Explanation:

Economic profit it accounting profit less implicit cost.

Accounting profit is total revenue less total cost or explicit cost.

Implicit costs are opportunity costs.

Economic profit = $100 - $200 = $-100

Amos McCoy Is making an economic loss of $-100

I hope my answer helps you.

3 0
3 years ago
Becky only eats out at Macaroni Grill and eats out three times per month. She receives a raise from $33,200 to $33,500 and decid
iragen [17]

Answer:

55.58

Explanation:

Data provided in the question;

Initial demand per month, Q₁ = 3

Final demand per month, Q₂ = 5

Initial price, P₁ = $33,200

Final price, P₂ = $33,500

Now,

elasticity of demand using midpoint method is calculated as :

= \frac{\textup{percent change in demand}}{\textup{percent change in supply}}

or

= \frac{\frac{Q_2-Q_1}{\frac{Q_1+Q_2}{2}}}{\frac{P_2-P_1}{\frac{P_1+P_2}{2}}}

on substituting the respective values, we get

= \frac{\frac{5-3}{\frac{5+3}{2}}}{\frac{33,500-33,200}{\frac{33,200+33,500}{2}}}

or

= \frac{\frac{2}{4}}{\frac{300}{\frac{66,700}{2}}}

or

= \frac{0.5}{\frac{300}{33,350}}

= 55.58

3 0
3 years ago
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