Answer:
The correct answer is letter "A": the ease with which an asset is converted to the medium of exchange.
Explanation:
The liquidity of an asset reflects the ease with which it can be transformed from investment to cash. Liquid assets are those that can be transformed easily to cash and see little or no difference in the value of the assets when transformed. Illiquid assets are more difficult to convert and can result in a major decrease in value once converted.
Given:
net sales = 53,404,000,000
Average total assets = 16,302,000,000
Total asset turnover is calculated by divided net sales by the average total assets.
Total asset turnover = net sales / average total assets
T.A.O = 53,404,000,000 / 16,302,000,000
T.A.O = 3.2759 OR 3.3
The total asset turnover indicates the company's ability to efficiently deploy its asset in generating revenue.
Traditional career development programs of the past focused on helping an employee advance <span>by holding a series of jobs in a single organization.</span>
Answer:
A company issued 60 shares of $100 par value common stock for $7,000 cash. The total amount of paid-in capital is: $6, 000
Explanation:
60 shares of $100 per value
therefore, the cost would be 60 X 100= $6,000
Answer:
Hamlet
Hamlet can recognize a loss of $1,500 in 2020.
Explanation:
a) Data and Calculations:
Number of shares in Vanity Corporation = 1,000 common stock
Period of stockholding = 2 years
Cost of investment = $4,000
Sales proceeds from shares = $2,500
Capital loss = $1,500
b) Hamlet can use the capital loss deduction of $1,500 to reduce his other capital gains of the similar term in the first instance. Note that the capital loss is a long-term capital loss since the investment was held for two years.
