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Reika [66]
3 years ago
8

BK enterprises neither sold nor repurchased any shares of stock during the year. The firm had annual sales of $7202 depreciation

of $1196, cost of goods sold of $4509, intrest expense of $318, taxes of $248, beginning of the year shareholders equity of $4808 and end of year shareholders equity of $4922. What is the amount paid during the year
Business
1 answer:
Studentka2010 [4]3 years ago
7 0
Here’s the answer
Hope it helps

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Carducci corporation reported net sales of $3.6 million, average total assets of $1.1 million, and net income of $847,000. The t
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CALCULATE TOTAL ASSETS TURNOVER :

TOTAL ASSETS TURNOVER = NET SALES/AVERAGE TOTAL ASSETS

                                            = 3.6/1.1

TOTAL ASSETS TURNOVER = 3.27 TIMES

In financial accounting, an asset is a resource owned or controlled by a company or entity. It is anything that can be used to create positive economic value. Assets represent the value of an asset that can be converted into cash.

An asset is a resource of economic value owned or controlled by an individual, business, or state with the expectation of providing future benefits. Assets are reported on the company's balance sheet. They are classified as short-term, fixed, financial, and intangible.

Despite all this, a car is an asset even for less than what you paid for it because it can be quickly turned into cash on the market. That alone, by definition, makes it an asset. It's these additional costs and constant depreciation that make a car worthless.

Learn more about ASSETS here

brainly.com/question/11209470

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4 0
1 year ago
Independent contractors should purchase __________ liability insurance, which provides protection from liability as a result of
nevsk [136]

Answer:

professional liability insurance

Explanation:

Professional liability insurance protects businesses (an independent contractor is a one person business) against liability resulting from errors and omissions. It covers any harm caused to a customer as a result of professional service or advice. This type of policy generally covers negligence, copyright infringement, personal injury, etc.

Professional liability insurance is generally purchased by businesses that offer the following services:

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5 0
3 years ago
The differences between career and non career​
swat32
A career is something that can last forever well a non career is a thing that can end quickly
6 0
3 years ago
. Licensing occurs when: a. A licensee allows a licensor to use its intellectual property for a fee. b. A professional league pa
DedPeter [7]

Answer:

c. The owner of an intellectual property grants its use to a league in exchange for a fee.

Explanation:

Licensing occurs when: owner of an intellectual property grants its use to a league in exchange for a fee.

8 0
3 years ago
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4. When analyzing decisions that are made within a firm, economists typically assume that "profit maximization" is the firm’s ma
Valentin [98]

Answer: When employees are provided with a conducive environment they perform better than normal and with good products and services customers are satisfied hence more profit. The CEO should ensure all department work with same goal for the benefit of the organization

Explanation:

Companies tend to focus on the non-economic goals such as providing a good place for employees to work, good product and services to the customers and acts as a good citizen in the society. Achieving these goals are costly and doing so might interfere with profit maximization but in long term achieving them is beneficial to the company. When employees are provided with a conducive environment they perform better than normal and with good products and services customers are satisfied hence more profit. The CEO should ensure all department work with same goal for the benefit of the organization

8 0
3 years ago
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