1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dmitriy555 [2]
3 years ago
12

Division A of Chacha Company has sales of $140,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested a

ssets of $150,000. The investment turnover for Division A is:______
a. 10.7
b. 9.3
c. 1.07
d. 0.93
Business
1 answer:
KiRa [710]3 years ago
6 0

Answer:

d. 0.93

Explanation:

Investment turnover is a measurement of how a company is able to generate revenue as a result of using the money invested in the company.

Investment turnover is computed by

= Net sales ÷ Invested assets

Given that;

Sales = $140,000

Invested assets = $150,000

Investment turnover = $140,000 ÷ $150,000

Investment turnover = 0.93

Therefore, investment turnover for Division A is 0.93

You might be interested in
Near the end of 2010, the ledger of Stivers Company included the following accounts and balances: Allowance for Doubtful Account
Minchanka [31]

Answer and Explanation:

The computation of the balances of the Allowance for Doubtful Accounts, Bad Debt Expense and Accounts Receivable is shown below;

For Accounts receivable  

a) Opening balance $200,000 Debit balance

b) Current year credit sales (75% of $800,000) $600,000 Debit balance

c) (-) Current collection from accounts receivables -$450,000 Credit balance

d) (-) Bad debt expenses -$11,000 Credit balance

e) Closing balance of accounts receivables $339,000 Debit balance

for Allowance for Doubtful Accounts  

Allowance required as per Current year analysis (2% of (75% of $800,000) $12,000 Credit balance

(-) Opening balance $1,000 Credit balance

$11,000 Credit balance

The journal entry is  

Bad debt expense a/c …Dr   11000  

      To Allowance for Doubtful Accounts 11000  

The Closing balance of Allowance for Doubtful Accounts 12000 Credit balance

For Bad debt expenses  

The journal entry is    

Bad debt expense a/c …Dr   11000  

      To Allowance for Doubtful Accounts 11000  

The Closing balance of Bad debt expense account 0

7 0
2 years ago
The economic effect of an expense is incurred when the benefit expires or is used up not when cash is paid true or false
12345 [234]

Answer:

false

Explanation:

4 0
3 years ago
A petty cash fund was established with a $350 balance. It currently has cash of $41 and petty cash tickets totaling $309. Which
Vesna [10]

Answer:

C. A credit to Petty Cash for $309

Explanation:

Based on the information given we were told that the PETTY CASH tickets total the amount of $309 which therefore means that the appropriate entry included in the entry to REPLENISH THE FUND will be :

A credit to Petty Cash for $309

(Replenish fund)

7 0
3 years ago
Chu kỳ đời sống của cocacola việt nam
Ahat [919]
Djjdkdjdjdjjfjfjrjfjrjf
4 0
3 years ago
In path–goal theory, which leadership style is best for managing employees who are new to dealing with ambiguous, unstructured t
Semenov [28]

Answer:

Directive Leadership

Explanation:

Directive Leadership style is a leadership style where all the power is with the leader and is highly centralized and undivided.

5 0
2 years ago
Other questions:
  • Rank the following instruments in terms of credit risk. In your rankings, use 1 for the greatest credit risk and 4 for the small
    5·1 answer
  • Karyn is a second-year college student. the job market in her field has not been very good in recent years, and she is very conc
    10·1 answer
  • I NEEEEEEEEEEEED help and idea on a study website for learning im failing i cant really figure out how to use quizlet so any oth
    6·1 answer
  • The least likely factor a business will use to determine a benchmark is
    7·1 answer
  • Whose goal follows most of the features of a SMART goal?
    6·1 answer
  • WaterwayCompany has the following equivalent units of production for July: materials 15460 and conversion 11540. Production cost
    5·1 answer
  • During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $6 per
    14·1 answer
  • Gianna put $1,000 in a savings account for 18 months. The interest on the account is 3.5%.
    11·1 answer
  • The amount of profit you receive from your investments is usually measured as a percentage of your investment. which of the foll
    9·1 answer
  • The systematic risk principle states that the expected return on a risky asset depends only on the asset’s ___ risk.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!