Answer:
Net operating income= $3,152
Explanation:
Giving the following information:
Job 245 was completed on September 14 and the client was billed at cost plus 40%.
Job 245:
Direct Materials= $6,700
Direct Labor= $2,300
Overhead= 0.60*2300= $1,380
Total cost= $10,380
Sales= 1.4*10380= $14,532
Cost od goods sold= 10380
Gross profit= 4152
Selling and administrative expense= 1000
Net operating income= $3,152
Answer:
With respect to gift giving and gift receiving, <u>a bribe</u> refers to money paid before an exchange.
Explanation:
A gift is something given to another person to show affection. In response to giving the gift, the person doesn't have any expectations.
In the business world, a gift becomes a bribe when it is given for any political or business favours. Hence, it is unethical to share gifts for this purpose in the business.
A bribe is usually given before asking for a favour. Bribe is seen as a major cause of corruption and is illegal under the law of almost every country in the world.
It can be caused by an earthquake or volcano but then you can add 5
Answer:
D. 2.97
Explanation:
The net operating asset turnover ratio is used to measure the efficiency of operating assets and to determine how well these assets are used to generate sales. The assets that are tested here are operating assets that are those assets which are required to run the day-to-day operations of the business. For instance, Property, plant, and equipment, inventory, and cash etc. Investments and unutilized assets do not fall under this category.
Here are are required to calculate the net operating asset turnover ratio, which is calculated as follows:
Net operating asset turnover = Net sales / Net operating assets
⇒ Net operating asset turnover for 2016 = 117,351 m / 39,502 m = 2.97.
It means that for each dollar invested in the operating assets generates $2.97 of revenue.
