The asset turnover is 2.4 times.
Asset turnover = Net sales \div Average total assets
Asset turnover = $3,000,000 \div [ $1,000,000 + $1,500,000 ] \div 2
Asset turnover = 2.4 times
Asset turnover is the ratio of total sales or revenue to average assets. This metric helps investors understand how effectively companies are using their assets to generate revenue. Investors use asset turnover to compare similar companies in the same industry or group.
In the retail sector, an asset turnover of 2.5 or higher may be considered good, but in the utility sector, a company is more likely to aim for an asset turnover between his 0.25 and 0.5.
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Answer:
correct option is d. rental costs of $10,000 per month plus $0.30 per machine hour of use
Explanation:
solution
The combined cost is one in which the factor is variable and constant.
Sometimes, even the total cost is difficult to separate.
The chosen option also includes a fixed cost that costs $ 5,000 per month.
The cost per hour of the machine increases 0.30 per hour.
This is variable because the entire machine depends on the number of hours used.
The other three are completely variable, such as salary, and are not deductible or cost of electricity.
I think that the answers is c
