<u>Answer:</u>0.775 times
<u>Explanation:</u>
Given
Gross sales 100000
Sales returns 5000
Sales discounts 2000
Tangible assets 25000
Average total assets 120000
Calculation of assets turn over ratio
Assets turnover ratio = Net sales / Average total assets
=(100000-5000-2000)/120000
=0.775 times
Assets turnover ratio is 0.775 times
Gross sales is the sales made by the company but net sales is where the actual value of sales has happened after the rebates, allowances and discounts. Assets turn over ratio is used to measure the company's abilities to utilize its assets efficiently in generating sales income to the company.
He is closing August 8th I thought he was dead
Answer:
Rosario al L el al el ma c os ow island office. all do fl do to call fl cl cl
Answer:
C) The triple bottom line focuses on three items: net income, net assets, and return on investment.
Explanation:
The triple bottom line (TBL) focuses on three main items:
- commitment to social responsibility: the corporation must be socially accountable to its shareholders, the general public and to itself.
- commitment to environmental sustainability: fulfill the corporation's current needs without compromising the ability of future generations to fulfill their own needs.
- commitment to financial growth: in other words making the largest possible profits without disregarding the previous two commitments.
Answer:
d. Actual overhead is recorded to the overhead control account during the period.
Explanation:
Actual overhead -
It is the indirect cost of the factory which have been incurred .
The example of actual overhead costs are as follows -
Factory depreciation , Equipment maintenance , Factory rent , Production supplies , Factory property taxes , Production supervisor salaries
hence , from the given options , the false statement is ( d ) .
