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USPshnik [31]
2 years ago
14

Campbell Co. has net sales revenue of $1,340,000, cost of goods sold of $760,900, and all other expenses of $299,000. The beginn

ing balance of stockholders' equity is $409,000 and the beginning balance of fixed assets is $370,000. The ending balance of stockholders' equity is $609,000 and the ending balance of fixed assets is $398,000. The fixed asset turnover ratio is closest to:
Business
1 answer:
Softa [21]2 years ago
5 0

Answer:

3.50

Explanation:

Given the information above, we need to find first the Average fixed assets.

Average fixed assets = Fixed assets beginning balance + Fixed assets ending balance / 2

= ($370,000 + $398,000) / 2

= $384,000

Then , the fixed assets turnover will be calculated as;

Fixed assets turnover = Net revenue / Average net fixed assets

= $1,340,000 / $384,000

= 3.50

Therefore, Campbell Co. Fixed asset turnover ratio would be 3.50

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Bruce receives 20 stock rights in a nontaxable distribution. The stock rights have an FMV of $5,000. The common stock with respe
svlad2 [7]

Answer:

c. $5,000

Explanation:

Bruce can deduct loss of $5,000

4 0
2 years ago
Participation in sport keeps youths off the street and out of trouble. This is central to which explanation of the relationship
inn [45]

Complete/Correct Question:

Participation in sport keeps kids off the street and out of trouble. This is central to which explanation of the relationship between organized sport and delinquency?

a. labeling

b. economic strains

c. undifferentiated arousal

d. social bonding

e. differential association

Answer:

E, Differential association

Explanation:

Differential Association is a criminology term invented by Edwin Sutherland that shows how interaction between these people influence people to learn attitudes, values. characters, techniques as well as criminal behavior from each other.

To this effect, participation in sports brings youths together and as such changes their thoughts and are influenced to have discipline, ethics, etc which is an important aspect of sportsmanship. This influences helps to keep youths off the street and out of trouble subsequently.

Cheers.

7 0
3 years ago
Reggie is busy trying to prepare a complicated recipe for dinner when his sons come in asking him who can use the computer first
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the other son, possibly should get the computer first, because he doesn't need it for much, while the 1st son needs it for a number of things

4 0
3 years ago
1. Given the nominal interest rate of 17​% and the expected inflation of 13​%, then the value of the real interest rate is ___ ?
Veronika [31]

Answer:

According to fisher equation

(1+nominal Interest rate)=(1+real interest rate)(1+inflation)

1) So 1.17=(1+R)(1.13)

1+R=1.17/1.13

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2) (1+NIR)= 1.03*1.04

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NIR= 0.072

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A lender prefers a higher real interest rate as he will earn more money on the amount he has lend if the real interest rate is higher.

A borrower will prefer a lower real interest rate as he will have to pay lower interest payments on an amount if the real interest rate is lower.

Explanation:

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3 years ago
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8 0
3 years ago
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