Answer:
0.50
Explanation:
Calculation for What is the asset turnover ratio
Using this formula
Asset turnover ratio=Net sales /Average total assets
Let plug in the formula
Asset turnover ratio=$15,000 / (($25,000 + $35,000)/2)
Asset turnover ratio=$15,000/($60,000/2)
Asset turnover ratio=$15,000/$30,000
Asset turnover ratio= 0.50
Therefore the asset turnover ratio will be 0.50
Answer:
d.$10.00 per packing order
Explanation:
The formula to compute the activity rate for packing order is shown below:
Activity rate for packing order = Total packing orders cost ÷ Total number of packing order
where,
Total packing order cost = $24,000
And, the total number of packing order = 400 + 2,000 = 2,400
So, the activity rate for packing order is
= ($24,000) ÷ (2,400 orders)
= $10 per packing order
Answer:
B. Process cost accounting system.
Explanation:
On Process costing the cost added during the month are allocated to the units that passed through the process.
It is use for high volume of homogenueos units, meaning a unit has no diference with another and their cost are the same. This goes with the concept of equivalent units, so the ending inventory can be valuated base on completion.
The price of the product will increase and then the quantity of the output will also be more than the original one.
<u>Explanation:</u>
In a market which is purely competitive, with the increase in the demand of the particular good in the market, the price of the good will also increase because of the increase in the demand by the consumers. After making the adjustments, the quantity will therefore also increase of the output than the original one.
Answer: Market culture
Explanation:
This is a culture where the aim is to make as much profit as possible, this kind of culture is usually known for its competitive environment.