Answer:
Option (B) is correct.
Explanation:
Given that,
Total assets (Beginning) = $800,000
Total assets (Ending) = $900,000
Net income = $85,000
Sales = $1,700,000
Average assets = [Total assets (Beginning) + Total assets (Ending)] ÷ 2
= [$800,000 + $900,000] ÷ 2
= 850,000
Purdy's asset turnover:
= Sales ÷ Average assets
= $1,700,000 ÷ 850,000
= 2
The process or work of keeping financial account is known as accounting.
As an economy moves into a recessionary period, examples of fiscal policies that act as automatic stabilizers include an increase in transfer payments.
Monetary increase refers to a boom in the size of a country's economy over a period of time. the scale of an economic system is commonly measured by the entire manufacturing of products and services inside the financial system, which is called gross home product (GDP). the financial increase may be measured in 'nominal' or 'real' terms.
The financial increase is a growth in the manufacturing of goods and offerings in a financial system. increases in capital goods, labor force, generation, and human capital can all contribute to the monetary increase.
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Answer:
B. Company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment.
Explanation:
When the priority of an organization is to support the profit, people, and planet, the company is said to be a socially responsible organization. The company actively seeks opportunities for social development rather than getting profit for them. The company is contributing towards the economy, people in general, and the environment. The socially responsible company cannot try to maximize its return on investment. Therefore, option B is the correct answer.
Answer:
A. The percentage of completion.
Explanation:
The equivalent unit of production is an expression that matches the partially completed units with the fully completed ones according to the percentage completed at the end of an accounting period.
In other words is the theoretical production given the amount of direct materials, direct labor, and manufacturing overhead costs incurred during that period for the unfinished items.