Answer:
2.68
Explanation:
Data provided in the question:
Reported net sales = $4,502,400
Reported net income = $1,510,000
Reported average total assets = $1,680,000
Now,
The the asset turnover is calculated using the formula as
Asset turnover = ( Net sales ) ÷ ( Average total assets )
or
Asset turnover = $4,502,400 ÷ $1,680,000
or
Asset turnover = 2.68 times
Answer:
.E) A partner can commit or bind the partnership in any contract within the scope of the partnership business.
Explanation:
.E) A partner can commit or bind the partnership in any contract within the scope of the partnership business.
Mutual agency means that rights of all partners and authority committed or bind the partnership in any contract representing the business operations.
Any partner can act on behalf of the others and acts of each of the partners is binding for all the partners.
Choices A, B ,D are all characteristics of partnership but not mutual agency.
The answer to your question should be Retain customers.
Answer:
OPTION (e) is the right answer.
Explanation:
AFL is been expressed as <u>a federation or service organization that unions could join and still retain their separate identities and collective bargaining firms</u><u>.</u> Because the organization did not strive to organize untrained laborers, they made few profits among new laborers around the year 1920, meanwhile, the increase of the economy took place during mass productions such as rubber, automobiles, chemicals, as well as services.
Answer:
The workers will only produce oranges.
Explanation:
'Opportunity cost' is an important concept which shows the relationship between choice and scarcity. For example: One can spend money and time on one thing at a time but loses the opportunity do perform the other things, which would be his opportunity cost. Like you take a vacation for the money you have but the opportunity cost is not having a new car.
Relative price is the price of one commodity in terms of another. In the given situation, opportunity cost of an apple is 3 oranges and relative price of apple is 3, so the workers will produce only oranges, as it will be more profitable.
