Based on the given figures above, the total asset turnover rate is 1.28. To get the <span>1.28, you need to use the below formula:
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Total asset turnover= 1/ capital intensity ratio
The capital intensity ratio given is 0.78
Therefore you calculation should be:
Total asset turnover = 1 / .78
Total asset turnover = 1.28
Answer:
$24,000 = Account receivable
$24,000 = Account payable
Explanation:
Since it is given that
The service is performed of $24,000 but not paid by the customer so the same is to be recorded in the account receivable of the asset account
And, the Dixon trucking had the need to pay to their suppliers for $24,000 that is to be recorded in the account payable of the liabilities account
Both the amount is recorded as an account receivable and the account payable respectively
Answer:
40,600 units sound be included in its end of year interest
Explanation:
In this question, we are asked to calculate the number of units that should be included in its end of year inventory
Particulars units
In stock 36,000
Less;
Damaged 4,600
31,400
Add
stock in transit. 3,600
Stock available with
with consignee. 5,600
Closing inventory. 40,600
Answer:
C) purchasing goods at product markets
