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3 years ago

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Chabot Company had the following results last year: net operating income, $2,160; turnover, 5; and return on investment 18%. Cha

bot Company's average operating assets were: a. $300,000. b. $60,000. c. $10,800. d. $12,000.

1 answer:

Irina18 [472]3 years ago

5 0

Should be b! hope this helps

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Orem Corporation's current liabilities are $116,160, its long-term liabilities are $474,240, and its working capital is $162,600

jekas [21]

Answer:

Total long-term assets must equal: d $2,771,640

Explanation:

Orem Corporation's Total Debt (liabilities) = current liabilities + long-term liabilities = $116,160 + $474,240 = $590,400

Debt-to-equity ratio = Total Debt/Total Equity

Total Equity = Total Debt/Debt-to-equity ratio = $590,400/0.24 = $2,460,000

Working capital = Current assets - Current abilities

Current assets = Working capital + Current abilities = $162,600 + $116,160 = $278,760

Basing accounting equation:

Total assets = Current assets + Long-term assets = Total liabilities + Total Equity = $590,400 + $2,460,000 = $3,050,400

Long-term assets = Total assets - Current assets = $3,050,400 - $278,760 = $2,771,640

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4 years ago

A strong culture should reduce employee turnover because it results in ________.

Advocard [28]

<span>A strong culture should reduce employee turnover because it results in </span>cohesiveness and organizational commitment.

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4 years ago

PureSource Pharma Inc. recently acquired BioChem Pharmaceuticals Inc. It now sells its own products along with the products orig

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Answer: Puresource Pharma would have to reduce it's cost

Explanation:

Horizontal integration could be defined as the merge between two or more companies that carry out similar functions or market in production.

Puresource Pharma would have to reduce it's cost of product and either sell below or same cost as their acquired company's product. This would help promote her market and would give a monopoly for them for the market for both of them.

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A physical inventory on December 31 shows 4,000 units on hand. Eneri sells the units for $13 each. The company has an effective

LekaFEV [45]

Answer: $29,000

Explanation:

Hello.

Your question was incomplete so I attached a picture showing the missing details.

Cost of Goods sold using First in First Out where the earliest goods are sold first.

Seeing as we have 4,000 units left, that means that none of the stock purchased on the 8th of November have been sold.

1,000 units of the stock purchased on the 18th of June remain.

Cost of Goods sold is therefore,

= 1,000*8 + 3,000 * 7

= $29,000

Cost of goods for Inventory available is $29,000

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3 years ago

Net requirements for component J are as follows: 60 units in week 2, 40 units in week 3, and 60 units in week 5. If a fixed-peri

agasfer [191]

Answer:

e. none of the choices.

Explanation:

Based on the scenario being described within the question it can be said that none of the choices are correct because this method focuses on obtaining an order quantity by fixing the quantity for a certain period of time, and calculating the total quantity of Net Requirements within the period. Therefore since the first week and week 4 are missing then none of these are correct, and since the information is not provided by choice answer d. is wrong too.

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