Answer: C - Crowdfunding
Explanation: Investors, loans, and selling products and services would not gain them enough financial support, whereas crowdfunding will in an efficient way.
Answer:
Total Asset Turnover = 0.6 times
Explanation:
Total Asset Turnover = $600,000/$1,000,000
Total Asset Turnover = 0.6 times
It measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company. Companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover.
It is an important financial ratio used to understand how well the company is utilizing its assets to generate revenue.
Answer:
The division's Return on Investment (ROI) is 180%
Explanation:
The computation of the return on investment is shown below:
= (Operating income) ÷ (total assets) × 100
= ($1,800,000) ÷ ($1,000,000) × 100
= 180%
The return on investment shows a relationship between the operating income and the total assets / investment.
The other information which is given in the question is not consider in the computation part. Hence, ignored it
Answer:
Answer is a) debit, actual
Manufacturing Overhead account has a debit balance and applied manufacturing overhead is greater than the actual manufacturing overhead
Explanation:
Overheads are applied to product costs using budgeted overhead rates. Budgeted rates are used because the delays in obtaining actual overhead affects timeous product valuation for profit purposes
Over applied situation occurs when the applied overheads exceeds the actual manufacturing overhead.
<em>The Manufacturing Overhead Account will have the following entries:</em>
Transfer to work in Progress figure - credit (with applied overheads)
Bank - debit (actual overhead)
Balancing figure or shortfall - debit (over-applied)
