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const2013 [10]
3 years ago
12

What is the answer to this​

Business
1 answer:
Ulleksa [173]3 years ago
7 0

Answer:

$6

Explanation:

The asset turnover ratio is calculated by dividing the <em>net sales</em> by average <em>total </em>assets. So you do this:

Average Assets

5000 + 5000 +10000 = 20000 ↷

20000⁄3 = 6666⅔ [In money, approximately $6666,67]

Net sales\AVERAGE total assets

40000⁄6666⅔ = 6

I am joyous to assist you anytime.

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The upper-level managers of Premium Java are meeting to discuss the company's long-range goals and vision. Like any organization
adell [148]

Answer:

The answer is False

Explanation:

The upper-level managers of Premium Java should do it for three reasons:

1. To provide direction and momentum - Delivering company's long-range goals and vision to the employees is the responsibility of the leadership.

2. To encourage retention of high-value employees - Once the employees understand the goals and vision of the company, this will enable the organisation to gain commitment of the employees, thus reduced employees' turnover will be faced.

3. To develop a sustainable competitive advantage - organisation will be able to attain a sustainable competitive advantage, as a result of the above two.

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4 years ago
Mueller Company sold merchandise costing $120,000 for $240,000. Mueller estimates that merchandise costing $5,000 will be return
Yanka [14]

Answer:

The answer is $230,000

Explanation:

Net sales is the sum of a company's gross(total) sales minus any returned goods, sales allowances and/or discounts. The total amount of revenue on a company's income statement is the net sales.

Gross sales - $240,000

Merchandise returned - $10,000

Net sales = Gross sales - goods returned

$240,000 - $10,000

= $230,000

7 0
3 years ago
On January 1, 2018,Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cost
Ivan

Answer:

Find the answer below in explanation

Explanation:

Gillock Climbing Academy Pension Expense for the year 2019 will be recorded as

Service cost ............................................. 600,000.00

Interest (600000 × 10%)................................60,000.00

plan assets (40000 from 2018 + 32000 interest + 400000 made in current year)............... 832000

Expected return Interest on plan asset (832000*8%) ........................................ 66,560.00

Pension Expense for the year ended December 31, 2019 = 600000 -  (66,560.00 - 60000)

= 600,000−6,560

= $593,440.00

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Option (D) is the right answer.

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According to the scenario, the most appropriate answer is option ( D) because Stanley smith is a customer of the bank as he has a checking account in the bank.

While the other options are wrong because of the following reasons:

  • Option (A) is incorrect because the company lucky licks Inc. is the customer of the bank, not any person.
  • Option (B) is incorrect because Cara is not the customer of the bank as she only uses the bank's ATM.
  • Option (C) is incorrect because Herman is not the customer of the bank as he only cashes his checks in the bank.
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Which of the following is a way to use credit responsibly? Question 1 options: Paying only the minimum payment each month Unders
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