The ratios that indicate how efficiently the company generates sales from its assets is: asset turnover ratio.
<h3>What is asset turnover ratio?</h3>
Asset turnover ratio can be defined as a ratio that help to determine how a company generate profits from their assets at particular period of time.
The turnover ratio play a major role in determining how companies or organization sales are generated.
The formula for asset turnover ratio is:
Asset Turnover Ratio = Net Sales÷Average Total Assets
Therefore The ratios that indicate how efficiently the company generates sales from its assets is: asset turnover ratio.
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Answer: Assuming no other changes to Retained earnings, the balance in the Retained earnings account at the end of the year would be: $123000.
Explanation: First we must calculate the accumulated earnings to date with the equity equation: Assets = Liabilities + Equity
We know that equity is made up of capital + retained earnings.
If the asset is 195,000, the Liability 15,000 and the capital 60000
195000 = 15000 + 60000
195000 = 75000
195000 - 75000 = Retained earnings
$ 120000 = Retained earnings.
The result of the year is Income - expenses
226000 - 175000 = $ 51000.
Then the company's total earnings are retained earnings + Profit for the year = 120000 + 51000 = 171000.
We subtract the distribution of dividends and obtain the balance of the retained earnings account: 171000 - 48000 = $123000.
Answer:
$27,000
Explanation:
The computation of the amount of factory maintenance department costs that would be allocated to the fabrication department is shown below:
= Fabrication square foot occupied ÷ Total square foot occupied × factory overhead cost of factory maintenance department
= 20,000 ÷ 50,000 × $67,500
= $27,000
The overhead cost of factory maintenance department is allocated on square foot occupied and the same is considered
The total square foot occupied is
= 20,000 + 30,000
= 50,000
Answer:
If the Earned Value is less than the Planned Value, you are behind schedule, and if the Earned Value is greater than the Planned Value, you are ahead of schedule. The Earned Value can be compared to the Actual Cost (AC) to determine whether you are above or below budget. An Example from Capital Project Management
Explanation:
Answer:
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Explanation: