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3 years ago

Which of the following describes how farmers use GPS devices?

Business

1 answer:

Law Incorporation [45]3 years ago

6 0

Answer:

to locate their herds.

Explanation:

it's the only answer that makes sense because a gps would not do anything other than show where something is located

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Largo Company recorded for the past year sales of $414,400 and average operating assets of $259,000. What is the margin that Lar

lara [203]

Answer:

A. 18.00%

Explanation:

In this question, first we have to apply the return on investment formula so that the net income value could find out which is shown below:

Return on investment = Net Income ÷ Average Operating Assets × 100

28.8% = Net Income ÷ $259,000

So, the Net income would be

= $74,592

Now the margin would be

= Net income ÷ Sales × 100

= $74,592 ÷ $414,400 × 100

= 18%

7 0

4 years ago

Prepare an income statement for 2018 for Howell Corporation that is presented in accordance with IFRS (including format and term

melisa1 [442]

Answer:

Explanation:

3 0

3 years ago

Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all c

Luda [366]

Answer:

$34.39

Explanation:

EBIT = EBT + Interest Expense

EBIT = 369.00 + 50

EBIT = $419

Tax Rate = Tax / EBT

Tax Rate = 147.60 / 419

Tax Rate = 0.352267

Tax Rate = 35.23%

Working Capital, 2017 = Current Assets, 2017 - Current Liabilities, 2017

Working Capital, 2017 = 595 - 345

Working Capital, 2017 = $250

Working Capital, 2016 = Current Assets, 2017 - Current Liabilities, 2017

Working Capital, 2016 = 430 - 265

Working Capital, 2016 = $165

Change in Working Capital = Working Capital, 2017 - Working Capital, 2016

Change in Working Capital = $250 - $165

Change in Working Capital = $85

Capital Expenditure = Net Fixed Assets, 2017 - Net Fixed Assets, 2016

Capital Expenditure = $304 - $152

Capital Expenditure = $152

Free Cash Flow = EBIT * (1 - Tax Rate) - Change in Working Capital - Capital Expenditure

Free Cash Flow = $419*(1- 35.23%) - $85 - $152

Free Cash Flow = $271.39 - $85 - $152

Free Cash Flow = $34.39

7 0

3 years ago

Before Cheyenne Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the

strojnjashka [21]

Answer:

a) Bought 400 shares of treasury stock at $40 per share:

Dr Treasury stock 16,000

Cr Cash 16,000

( to record the repurchased of 400 shares at $40 each)

b) Bought 290 shares of treasury stock at $45 per share:

Dr Treasury stock 13,050

Cr Cash 13,050

( to record the repurchased of 290 shares at $45 each)

c) Sold 370 shares of treasury stock at $42 per share:

Dr Cash 15,540

Cr Common stock 14,800

Cr Paid-in capital - common stock 740

( to record the sell of 370 shares repurchased at selling price of $42)

d) Sold 110 shares of treasury stock at $38 per share:

Dr Cash 4,180

Dr Paid-in capital - common stock 620

Cr Common stock 4,800

( to record the sell of 110 shares repurchased at selling price of $38)

Explanation:

Following repurchased of 400 shares at $40 each, cash account goes down (Cr) by 40 x 400 = $16,000; Treasury account will go up (Dr) by the same amount.

Following repurchased of 290 shares at $45 each, cash account goes down (Cr) by 290 * 45 = $13,050; Treasury account will go up (Dr) by the same amount.

As FIFO apply, the selling of 370 repurchased stock will make the Common stock account goes up (Cr) by 40 x 370 = 14,800; Cash account goes up (Dr) by 370 x 42 = $15,540; the difference of 740 will go into (Cr) Paid-in capital - common stock.

As FIFO apply, the selling of 110 repurchased stock will make the Common stock account goes up (Cr) by 30 x 40 + (110-30) * 45 = $4,800; Cash account goes up (Dr) by 110 x 38 = $4,180; the difference of 620 will go into (Dr) Paid-in capital - common stock.

7 0

3 years ago

Economies of scale a. require inputs' MPP to fall as output increases (everything else equal). b. pertain to the long run only.

lidiya [134]

Answer: Economies of scale pertain to the long run only.

Explanation:

Economies of Scale is a long run phenomenon and is defined as the cost advantage that a firm experiences as a result of an increase in its output. The benefit arises as a result of the inverse relationship between quantity produced and per-unit fixed cost. The higher the quantity of output that are produced, the lower the per-unit fixed cost.

Economies of scale leads a fall in the average variable costs with an increase in the level of output. This is as a result of synergies and operational efficiencies which comes into place due to the increase in the scale of production. Economies of scale is a vital concept as it shows the competitive advantages big firms have over the small firms.

6 0

3 years ago