Creating your own flyer about cars

Snap Dragon Photo reported the following figures on its December 31, 2016, income statement and balance sheet:Net Sales $440,000

siniylev [52]

Answer:

Assets turnover ratio= 1.64 times

Explanation:

The asset turnover is the he amount of sales generated by one dollar invested in asset. it measures how efficient the business is in generating sales using assets

Assets turnover ratio = net sales / Average assets

<em>Asset at the beginning of year 2016</em>

=26,000 + 56,000 + 79,000 + 8,000 + 180,000 = 349 ,000

<em>Asset at the end of year 2016</em>

$28,000 + 58,000 + 76,000 + 14,000 + 11,000= 187 ,000

Average assets = Opening value of asset+ closing value of assets/2

= 349 ,000 + 187 ,000= 268 ,000

Assets turnover ratio = net sales / Average assets

=440000/268,000= 1.64 times

Assets turnover ratio= 1.64 times

Total assets =

3 0

3 years ago

You purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50%, and the maintenance m

SIZIF [17.4K]

Answer:

$50

Explanation:

The computation of the stock price level is shown below:

Maintenance margin = Number of shares purchased × price - loan amount ÷ Number of shares purchased × price

30% = 100 shares × price - $3,500 ÷ 100 shares × price

30% × 100 shares × price = 100 shares × price - $3,500

30 × price = 100 shares × price - $3,500

After solving this, the price would be $50

And, the loan amount equal to

= Number of shares purchased × per share price × initial margin

= 100 shares × $70 × 50%

= $3,500

3 0

3 years ago

If bonds were issued at a premium, then the contractual interest rate was greater was than the market interest rate. True False

7nadin3 [17]

Answer:

TRUE

Explanation:

5 0

2 years ago

The growers of Sunny Day Citrus have determined that their chief priority for choosing a transportation mode within the United S

Leya [2.2K]

Answer:

Rail transportation

Explanation:

Considering the situation described above in the questions, Sunny Day Citrus should use RAIL TRANSPORTATION to ship their oranges.

There are basically four means of shipping goods, these include road, maritime, rail, and air shipment.

However, considering the need to achieve quick transit time, low margins, low cost, and the highest level of reliability the best means of use is RAIL TRANSPORTATION.

This is because while Air shipment is the fastest, it is the most expensive. Also, the Maritime or Ship may be the lowest in terms of cost, but since it is within the United States, it would be relatively expensive compared to rail and also is the slowest in terms of transit time.

Similarly, the road may be faster and relatively cheaper compared to air, but not as cheaper compared to the rail in a long distance.

Rail transportation offers cheaper, low margins, reliability as it is difficult to have accidents and robbery of such commodities inside the train. It is also quite faster compared to ship.

Hence, in this case, the right answer is RAIL TRANSPORTATION

8 0

3 years ago

Your mayor just announced that the local unemployment rate dropped from 10.5% to 10.4% from the prior month. Evaluate the unempl

nikitadnepr [17]

Answer:

Not enough information

Explanation:

from this question, this mayor has only given us the estimated proportion of the rate of unemployment for these months. In order to know if it is significant or not, we have to carry out other tests such as the hypothesis testing for the population proportion. But here we do not have any sample data or population data with which we can use to test this significance. The sample size is unknown so we cannot proceed to test if the claim is significant or not.

6 0

3 years ago