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skelet666 [1.2K]
3 years ago
5

Selected balance sheet and income statement information for EKG Corporation and AMP Company follows ($ millions). Company EKG Co

rp AMP Company 2017 Sales $37,006 47,409 2017 NOPAT $1,292 1,716 2017 Net Operating Assets $10,007 8,781 Compute the 2017 net operating asset turnover (NOAT) for each company. A) EKG NOAT: B) AMP NOAT: Page 7 of 17 2016 Net Operating Assets $9,437 7,818
Business
1 answer:
12345 [234]3 years ago
7 0

Answer:

See below

Explanation:

Net operating asset turnover ratio is computed as;

= Net sales / Average net operating assets

Company EKG Corp.

Net operating asset turnover ratio = $37,006 / [($1,292 + $10,007)/2]

= $37,006 / $5,650

= 6.55

Corp AMP Company

Net operating asset turnover ratio = $47,409 / [($1,716 + $8,781)/2]

=$47,409 / $6,107

= 7.76

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Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale, 25%
kondaur [170]

Answer:

$36,230

Explanation:

Month 1              Month 2               Month 3                 Month 4

60,000               70,000                50,000                  30,000

Calculation for receipts in Month 4:

9000   30% cash  in the same month(30000*30%)

12600   60% credit in the same month (30000*70%*60%

8750   25% in month following sales (50000*70%*25%)

<u>5880</u>   12% second month following sales (70000*70%*12%)

<em>36,230</em>

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6 0
3 years ago
How did competitive forces lead to the repeal of the​ Glass-Steagall Act's separation of the banking and securities​ industries?
Ludmilka [50]

Answer:

A. Financial innovation motivated banks and other financial institutions to bypass the intent of the​ Glass-Steagall Act.

B. The​ Act's restrictions put American banks at a competitive disadvantage relative to foreign banks.

D. The Fed allowed bank holding companies to enter the underwriting business.

References for Explanation:

A. Financial Crisis Inquiry Commission. (2011). <em>The financial crisis inquiry report: The final report of the National Commission on the causes of the financial and economic crisis in the United States including dissenting views</em>. Cosimo, Inc. p. 21

B. Financial Crisis Inquiry Commission. (2011). <em>The financial crisis inquiry report: The final report of the National Commission on the causes of the financial and economic crisis in the United States including dissenting views</em>. Cosimo, Inc. p. 205

D. Financial Crisis Inquiry Commission. (2011). <em>The financial crisis inquiry report: The final report of the National Commission on the causes of the financial and economic crisis in the United States including dissenting views</em>. Cosimo, Inc. p. 300

7 0
3 years ago
A well insulated 3-m X 4-m X 6-m room initially at 7 degrees C is heated by the radiator of a steam heating system. The radiator
poizon [28]

Answer:

The average temperature of air in 45 minutes is 10.74°C

Explanation:

Given

Time t = 45 minutes

Initial Air Temperature, T1 = 7°C

Fan work W = 120W

Radiator Volume = V1 = 15L

Initial Steam Pressure = P1 = 200kPa

Initial Steam Temperature = Ts1 = 200°C

Final Steam Pressure = P2 = 100kPa

The radiator is our system.

We take the system as a close system.

The energy balance is given as follows

-Qout = ∆U

-Qout = m(u2 - u1)

Calculating u2

From steam table (see attachment below)

At P1 and Ts1

P1 = 200kPa, Ts1 = 200°C

u1 = 2654.6KJ/Kg

v1 = 1.08049 m³/Kg

At P2 = 100kPa,  v1 = v2

vf = 0.001043m³,   vg = 1.6941m³/kg    uf = 417.4kj/kg      ufg = 2088.2kj/kg

x2 = (v2 - vf)/(vg - vf)

x2 =  (1.08049 - 0.001043)/(1.6941 - 0.001043)

x2 = 1.079447/1.693057

x2 = 0.63757

u2 = uf + x2ufg

u2 = 417.4 + 0.63757 * 2088.2

u2 = 417.4 + 1331.374

u2 = 1748.774

Solving for m

m = V1/v1

m = 15L/1.08049

m = 0.015/1.08049

m = 0.01388Kg

So, -Qout = m(u2 - u1) becomes

0.01388(1748.774 - 2654.6)

= 0.01388 * -905.826

= -12.572

-Qout = -12.572

So, Qout = 12.572KJ

The dimensions of the room is 3 * 4 * 5.

The mass and volume of air in the room is given by

Volume = 3 * 4 * 6 = 72m³

Mass = P * V/RT

Where R = Gas Constant = 0.287

T = T1 = 7°C = 273+ 7 = 280K

P = P2 = 100kPa

Mass = (100 * 72)/(0.287 * 280)

Mass = 7200/80.36

Mass = 89.597Kg

The amount of work is defined by

Work = Fan work W * Time t

Work = 120 * 45 minutes

Work = 120 * 45 * 60seconds

Work = 324000J

Work (fan, in) = 324KJ

Taking the air in the room as the system

The energy balance is as follows

∆Energy = E(in) - E(out)

E(in) = Q(out) + W(fan,in)

E(out) = W(out)

∆Energy = ∆U

So, we have

∆U = Q(out) + W(fan,in) - W(out)

∆U + W(out) = Q(out) + W(fan,in)

∆U + W(out)  = 12.572 + 324

∆U + W(out) = 336.572

∆U + W(out) = ∆H (Change in heat energy)

This is given by mc(T2 - T1)

Where m = 89.597kg

c = specific heat of air at constant pressure = 1.005

T1 = 7°C

Substituting in these values, we have

336.572 = 89.597 *1.005 (T2 - 7)

=> 336.572 = 90.044985(T2 - 7)

T2 - 7 = 3.74

T2 = 3.74 + 7

T2 = 10.74°C

8 0
4 years ago
Which of the following forms of business organization is likely to suffer most from the principal agent problem between the owne
Bad White [126]
<span>The form of business organization which is likely to suffer most from the principal agent problem between the owners and managers of the business is the corporation. It is a</span><span> group of people authorized to act as one entity that is recognized by the law.</span>
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4 years ago
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strojnjashka [21]

Answer:

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Explanation:

Based on the scenario being described within the question it can be said that this list is known as a risk management policy statement. Like mentioned in the question, this is a documentation that clearly states all the risks and hazards involved when performing a specific task. Companies such as Paula's Agri-Products Company use these policies in order to define these risks and let all of the employees know about them.

3 0
3 years ago
Read 2 more answers
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