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Triss [41]
3 years ago
7

Alford Hardware had a profit margin of 12.7% and return on assets of 10.8% in 2022. What was their asset turnover?

Business
1 answer:
yarga [219]3 years ago
7 0

Answer: 0.85

Explanation:

Given the variables in the question, Asset Turnover is calculated by;

= Return on Assets / Profit Margin

= 10.8%/12.7%

= 0.85

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Luis, marlon, and victoria are counting money. they each have the same amount in dollar bills, quarters, dimes, nickels, and pen
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The characteristics is its divisibility: money can be divided into smaller parts and the sum of those parts has the same value as the original money. Here we see that different people have the same amount of money in different forms.

Other characteristics of money are its durability, transportability and the resistance to being faked. 
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A company issues $100,000 face value, zero-coupon, 4-year U.S. corporate bonds on January 1, 20XO, when the market rate for simi
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Answer:

Amount = Maturity/(1+risk rate)⁴

Amount = $100,000/(1+0.12)⁴

Amount = $63,552 (Approx)

Interest payable = $63,552 x 0.12

Interest payable = $7,626 (Approx)

Interest payable (2nd period) = ($63,552+$7,626) x 0.12

Interest payable (2nd period) = $8,541 (Approx)

Explanation:

                           JOURNAL ENTRY

                                BOOKS OF (.....)

Date          Account title         Debit   Credit

       Cash a/c                   Dr    $63,552  

                  To Bonds payable a/c    $63,552

1st-period    

             Bond Interest a/c       Dr   $7,626

         To Bonds payable a/c                  $7,626

2nd-period  

             Bond Interest a/c       Dr   $8,541

         To Bonds payable a/c                  $8,541

6 0
2 years ago
Which of the following is not true regarding economic exposure? a. The impact of a change in the local currency on inflow and ou
Natali [406]

Answer:

Option A The impact of a change in the local currency on inflow and outflow variables can sometimes be indirect and therefore different from what is expected.

Explanation:

The reason is that the changes in the currency exchange rate in which the company receives the payment and is also not a home currency, such risk exposure is known as economic exposure. So the only option that correct here is option A.

Option B is incorrect because depreciation is non cash item and it is not exposed to currency fluctuations.

Option C and D are also incorrect because domestic firms don't face any economic exposure.

8 0
3 years ago
John is 17 years old and he earned $3,500 in a summer job. His grandparents just gave him a gift of $5,000 to help him learn fin
Lerok [7]

"John is 17 years old and he earned $3,500 in a summer job. His grandparents just ..."John can contribute $3,500  to an IRA. This is further explained below.

<h3>What is IRA?</h3>

Generally, For those looking to save and invest for their retirement, an individual retirement account (IRA) is a kind of savings account that offers favorable tax treatment.

In conclusion, "John, who is just 17, worked all summer and saved $3,500. Just recently, his grandparents..." John has an annual IRA contribution limit of $3,500.

Read more about IRA

brainly.com/question/14936548

#SPJ1

5 0
2 years ago
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