Dundee Co. reported the following for the current year:
Net sales $ 92,800
Cost of goods sold $ 76,000
Beginning balance of total assets $131,000
Ending balance of total assets $101,000
compute total assets turnover
Answers
The total assets turnover ratio for Dundee Co. for the current year is 0.8.
The total assets turnover ratio measures how efficiently a company is using its assets to generate revenue. It is calculated by dividing the net sales by the average total assets of the company.
The formula for the total assets turnover ratio is:
Total assets turnover ratio = Net sales / Average total assets
To calculate the average total assets, we need to add the beginning and ending total assets and divide by 2.
Average total assets = (Beginning total assets + Ending total assets) / 2
Average total assets = ($131,000 + $101,000) / 2
Average total assets = $116,000
Now we can calculate the total assets turnover ratio:
Total assets turnover ratio = Net sales / Average total assets
Total assets turnover ratio = $92,800 / $116,000
Total assets turnover ratio = 0.8.
Learn more about turnover ratio here:
https://brainly.com/question/28392732
#SPJ11
Related Questions
Which Annotation tool provides the ability to convert the mouse icon when giving a presentation to better focus the
audience attention?
Arrow
O Ink Color
O Eraser
O Laser Pointer
Answers
Answer: I think it’s laser pointer. I’m taking the test right now.
Explanation:
Answer:
It's D laser pointer
Explanation:
On April 1, a company paid the $2,700 premium on a three-year insurance policy with benefits beginning on that date. What amount of insurance expense will be reported on the annual income statement for the first year ended December 31? $2,025.00. $75.00. $2,700.00. $900.00. $675.00.
Answers
The amount of insurance expense will be reported on the annual income statement for the first year ended December 31 is $675.00.
Insurance expense
Using this formula
Insurance expense=Insurance premium×Number of months/ Three years
Where:
Insurance premium=$2,700
Number of months= April to December=9 months
Three years=36 months
Let plug in the formula
Insurance expense=$2,700×9/36
Insurance expense=$675
Inconclusion The amount of insurance expense will be reported on the annual income statement for the first year ended December 31 is $675.00.
Learn more about insurance expense here:https://brainly.com/question/794346
A business that accepts payments by credit and debit cards A. almost always pays a fee to the processor to cover the processing costs B. is usually unable to attract more customers C. generally receives proceeds from credit and debit card transactions 30-45 days after the sale D. must check each customer's credit rating
Answers
Answer:
HOPE THIS HELPS
Explanation:
A. it's almost always pays a fee to the processor to cover the processing costs.
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: 20Y1 July 1 Issued $74,000,000 of 20-year, 11% callable bonds dated July 1, 20Y1, at a market (effective) rate of 13%, receiving cash of $63,532,267. Interest is payable semiannually on December 31 and June 30. Dec. 31 Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment. 20Y2 June 30 Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment. Dec. 31 Paid the semiannual interest on the bonds. The bond discount amortization of $261,693 is combined with the semiannual interest payment. 20Y3 June 30 Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $9,420,961 after payment of interest and amortization of discount have been recorded. (Record the redemption only.) Required: 1. Journalize the entries to record the transactions. Round all amounts to the nearest dollar. Refer to the Chart of Accounts for exact wording of account titles. 2. Indicate the amount of the interest expense in (a) 20Y1 and (b) 20Y2. 3. Determine the carrying amount of the bonds as of December 31, 20Y2.
Answers
Based on the bond price, the interest payments, and the periods, the journal entries by Winklevoss Inc. will be:
Date Account details Debit Credit
Jul 1, 20Y1 Cash $63,532,267
Discount on bond payable $10,467,733
Bonds payable $74,000,000
________________________________________________________
Dec, 31 Interest expense $4,331,693
Discount on bond payable $261,693
Cash $4,070,000
________________________________________________________
Dec, 31 Income summary $4,331,693
Interest expense $4,331,693
Date Account details Debit Credit
June, 30 interest expense $4,331,693
20Y2 Discount on bonds payable $261,693
Cash $4,070,000
________________________________________________________
Dec, 31 interest expense $4,331,693
20Y2 Discount on bonds payable $261,693
Cash $4,070,000
________________________________________________________
Dec, 31 Income summary $8,663,386
Interest expense $8,663,386
________________________________________________________
Date Account details Debit Credit
June, 30 Bonds payable $74,000,000
20Y3 Loss on redemption $ 7,940,961
Discount on bonds payable $9,420,961
Cash $72,520,000
What are the journal entries for callable bonds?Discount on bonds payable:
= 74,000,000 - 63,532,267
= $10,467,733
Cash 31 Dec:
= 74,000,000 x 11% x 0.5
= $4,070,000
Cash 30 June 20Y2
= 74,000,000 x 11% x 0.5
= $4,070,000
Cash 31 Dec 20Y2:
= 74,000,000 x 11% x 0.5
= $4,070,000
in 20y3, the bonds were redeemed which is why the Bonds payable account was debited because as a liability account, it is debited to show a decrease.
Find out more on callable bonds at https://brainly.com/question/24129882.
#SPJ1
U.s. residents come to believe that the dollar will appreciate in the future, that is, the exchange rate in the future will be higher than the current exchange rate. as a result:_____.
Answers
U.s. residents come to believe that the dollar will appreciate in the future, that is, the exchange rate in the future will be higher than the current exchange rate. as a result increase the value of a country's currency.
Current exchange rates are decided with the aid of a controlled floating change rate. A controlled floating exchange charge means that each forex's value is affected by the economic moves of its government or primary bank. The managed floating trade fee hasn't constantly been used.
An exchange rate is a relative rate of 1 foreign money expressed in phrases of every other currency (or group of currencies). For economies like Australia that actively have interaction in worldwide exchange, the trade charge is a crucial financial variable.
Trade quotes are decided with the aid of factors, along with hobby prices, self-belief, the modern-day account on stability of payments, financial growth, and relative inflation costs.
Learn more about the exchange rate here https://brainly.com/question/2202418
#SPJ4
Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN
Answers
marco has purchased a boat for $800,000, and is planning to lease it for 20 years. annual lease payments will be required at the end of each year. if marco needs to earn a return of 10%, then the annual rent will be
Answers
If Marco needs to earn a return of 10%, then the annual rent will be $93,968.
Lease payments are normal, frequently month to month, charges paid for the option to utilize a property, resource, or piece of hardware.
People might go into lease arrangements for land, vehicles, PC gear, programming, or other fixed assets.
The terms and payment plan for a leased thing or property are many times set out in a lawful agreement.
Time tables for lease arrangements might be short. as in month-to-month plans, or long, as is oftentimes the situation inside land-lease situations, which might have contracts enduring a long period or more.
to know more about the lease click here:
https://brainly.com/question/3196529
#SPJ4
QUESTION 2 of 10: Medicare is a government program funded by tax dollars to:
a) Provide health insurance to children
b) Provide health insurance to working adults
c) Provide hospital insurance for those over 65
Answers
tom is the inventor of a personal fitness tracking device, and he is in the process of hiring employees after receiving investment funding. when considering how to structure his company, he should
Answers
To structure his company, Tom must first establish a strategic planning that will guide his business.
What is strategic planning?It corresponds to the document that is developed in an organization with the objective of assisting in the achievement of the objectives and goals of the company. It contains the set of actions necessary to achieve this end, and its period comprises the long term of the company.
With effective strategic planning aligned with the purpose of his company, Tony is able to organize resources, create value for stakeholders and market positioning.
Therefore, the first step in structuring a business is to develop strategic planning, which will help a company to be productive, competitive and profitable.
Find out more about strategic planning on:
https://brainly.com/question/24864915
#SPJ1
Which of the following businesses is NOT possible to be rivaled?
A. an electric company
B. a mall
C. an airline company
D. a telecommunication provider
Answers
Answer:
A. an electric company
Explanation:
Among all the options given above, it is an electric company that cannot be rivaled due to the fact that, all household definitely need electricity in-order to power their home. Due to the nature of the company and how capital intensive it is, it would always be in demand by the people.
What are the capacity expansion strategies?
Answers
There are three generally perceived capacity strategies: lead, slack, and following. A lead limit procedure adds a limit fully expecting expanding requests. A slack methodology doesn't add a limit until the firm is working at or past the full limit.
The three procedures for growing capacity are capacity lead methodology, limit slack technique, and normal limit system. The limit lead methodology is when the limit is expanded fully expecting request development.
Capacity extension is the most common way of giving new offices after some time. satisfy rising needs. An overall numerical model of this cycle is. introduced, integrating questionable future interest non-zero lead times and irregular expense invades.
Learn more about capacity expansion:
https://brainly.com/question/30161147
#SPJ4
Composition is a special case of which of the following? O a. Realisation O b. Encapsulation O C. Aggregation O d. Generalisation
Answers
Answer: Aggregation
Explanation:
Composition is a unique instance of aggregation in the area of business studies.
A connection between two classes called an aggregate occurs when one class is made up of several instances of the other class. It symbolizes a "has-a" connection in which one class aggregates or contains another class. A particular kind of aggregation called composition strongly ties the lifespan of the aggregated class to the contained class. In composition, the contained class is normally destroyed when the enclosing class is destroyed and cannot exist independently.
Therefore, composition may be viewed as a special form of aggregation in the context of business studies, specifically referring to a strong containment connection where the contained class is a fundamental component of the containing class.
imagine that a co-worker said to you, "it’s such a hassle to keep specifications up to date! it takes time away from getting actual work done. why should we even bother?"
Answers
Keeping specifications up to date is essential for several reasons. Firstly, up-to-date specifications ensure that everyone involved in a project is aligned and working towards the same goals. Clear and accurate specifications provide a shared understanding of what needs to be accomplished, reducing misunderstandings and potential errors.
Secondly, updating specifications helps to mitigate risks and prevent costly mistakes. By maintaining accurate specifications, potential issues can be identified and resolved early in the project lifecycle, saving time, effort, and resources in the long run.
Moreover, up-to-date specifications facilitate effective communication and collaboration among team members. When everyone is working with the most current information, it enhances coordination and promotes efficient workflows. It also allows for better tracking of progress and ensures that work remains aligned with project objectives.
While keeping specifications updated may seem like an additional task, it ultimately contributes to streamlining work processes, minimizing errors, and maximizing productivity. By investing the time and effort in maintaining accurate specifications, the team can work more efficiently and achieve better results in the end.
Learn more about project lifecycle here:
https://brainly.com/question/32584357
#SPJ11
Harold borrowed P 1800 from his uncle last December 25,2019 . He promised that he will pay his uncle on February 14, 2020 at 8% interest. Find the exact simple interest to be paid by Harold. a. 19.72 b. 20.4 c. 20.12 d. 20
Answers
Harold borrowed P1800 from his uncle on December 25, 2019, and promised to repay it on February 14, 2020, with an 8% interest rate. The question asks for the exact simple interest that Harold needs to pay 20.12 (option c).
To calculate the simple interest, we need to use the formula: Interest = Principal * Rate * Time.
In this case, the principal is P1800, the rate is 8% (or 0.08 as a decimal), and the time is the number of days between December 25, 2019, and February 14, 2020.
Calculating the number of days between the two dates, we have:
February 14, 2020 - December 25, 2019 = 51 days.
Now we can calculate the interest:
Interest = P1800 * 0.08 * (51/365) = P20.10958904109589.
Rounding to the nearest cent, the exact simple interest to be paid by Harold is P20.12 (option c).
It's important to note that the interest calculation assumes simple interest, meaning that the interest is only based on the principal amount and does not compound over time.
Learn more about interest here:
https://brainly.com/question/33177136
#SPJ11
How can we apply accounting and bookkeeping in our daily lives?
Answers
Which is needed for a w2 form?
Answers
Answer:
Form W-2, also known as the Wage and Tax Statement, is the document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year. A W-2 reports the employee's annual wages and the amount of taxes withheld from their paychecks. A W-2 employee is someone whose employer deducts taxes from their paychecks and submits this information to the government.
Explanation:
Fill in the blank. In _______________________ arbitration, the arbitrator is not constrained to choose either the management or union's offer(s); rather she can make up whatever final contract terms she deems appropriate and fair. ConventionalIssue-by-issue final offerWhole package final offerMediation-
Answers
"Whole package final offer" fits in the blank. In this the arbitrator is not constrained to choose either the management or union's offer(s); rather she can make up whatever final contract terms she deems appropriate and fair.
Whole package final offer arbitration allows the arbitrator to create a final contract that is not limited to choosing between the management or union's offers. Instead, the arbitrator has the freedom to create a final agreement that considers all of the issues and terms involved in the negotiation process.
This approach is different from issue-by-issue final offer arbitration, which limits the arbitrator to selecting one party's offer for each individual issue.
To learn more about arbitration visit:
brainly.com/question/30001483
#SPJ11
The index model has been estimated for stocks A and B with the following results:
RA = 0.12 +0655RM + eA
RB-004 + 1488RM+ eB
σM-0315
σ(eA)-0.20
σ(eB)-0.10
What is the correlation coefficient between the two stocks?
Answers
The correlation coefficient between the two stocks, A and B, can be calculated using the formula: Correlation Coefficient = Covariance of A and B / (Standard Deviation of A x Standard Deviation of B).
From the given information, we can see that the index model has been estimated for both stocks A and B. The model estimates the expected returns of the stocks based on the return of the market (RM) and the specific risk (eA and eB) associated with each stock.
Using the coefficients of the index model, we can calculate the covariance between the two stocks: Covariance of A and B = 0.655 x (-0.004) + (-0.2) x 0.1488 = -0.0115
We can also calculate the standard deviation of each stock using their specific risk coefficients:
Standard Deviation of A = 0.0315
Standard Deviation of B = 0.1488
Therefore, the correlation coefficient between the two stocks can be calculated as:
Correlation Coefficient = -0.0115 / (0.0315 x 0.1488) = -0.227
This means that there is a negative correlation between stocks A and B, indicating that when the return of stock A goes up, the return of stock B is likely to go down, and vice versa. However, this correlation is not very strong, as the coefficient is less than 1 in absolute value.
To know more about correlation refer here:
https://brainly.com/question/31588111#
#SPJ11
Maureen Smith is a single individual. She claims one exemption of $4,000 for herself and claims a standard deduction of $6,300. Her salary for the year was $138,550. What is her taxable income?
Question 12 options:
$132,098
$128,250
$117,990
$109,013
$102,600
Answers
Based on the concept of taxable income and available information in the question, the taxable income of Maureen is $128,250
What is taxable income?Taxable income is a term that is used to describe the gross income earned that is used to calculate the amount of tax an individual is liable to pay.
Generally, the term taxable income is adjusted gross income less any deductions. This includes any wages, tips, salaries, and bonuses from employers. In many cases, the Investment and unearned income is part of taxable income.
In this case, Maureen Smith's taxable income can be calculated by subtracting her exemptions and deductions from her salary.
Salary: $138,550
Exemption:Exemption: $4,000
Standard Deduction: $6,300
Taxable income = Salary - Exemption - Standard Deduction
Taxable income = $138,550 - $4,000 - $6,300
Taxable income = $128,250
Hence, in this case, it is concluded that Maureen Smith's taxable income is option B $128,250.
Learn more about Taxable Income here: https://brainly.com/question/1160723
#SPJ1
explain advertisement
Answers
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Malaki ran 9,656 meters on Monday and 4,687 meters on Tuesday. How many more meters did she run on Monday than on Tuesday?
Answers
Answer: 4969 meters
Explanation: Here's what you do: 9,656 - 4,687 = 4969
Answer: 4969 meters
Explanation:
Louis makes his living enlisting legitimate accident victims to exaggerate their injuries and other fraud perpetrators to fabricate injury claims. Which of the following is a correct statement about L
Answers
Louis makes his living by enlisting legitimate accident victims to exaggerate their injuries and other fraud perpetrators to fabricate injury claims. The given statement depicts the profession of Louis.
According to this statement, Louis is involved in the business of insurance fraud. He earns his living by collaborating with legitimate accident victims who are willing to exaggerate their injuries and create fake claims.Louis is a fraudster who takes advantage of vulnerable individuals who have experienced accidents and exploits their vulnerabilities for his personal gain. He helps these people to make false injury claims in order to receive large sums of money from insurance providers who have to compensate for the false claims.
Louis is someone who lacks integrity, and he engages in illegal activities that put innocent people's lives at risk. By exaggerating their injuries, victims who collaborate with Louis are putting themselves and others at risk of serious injuries.Louis is a criminal who should be reported to law enforcement authorities so that he can be prosecuted and punished for his unethical and illegal activities.
The activities Louis engages in are harmful to society, and people who are aware of his actions should take steps to report him to the relevant authorities. People like Louis should be exposed, and the legal system should hold them accountable for their actions.
To know more about exaggerate visit:
https://brainly.com/question/1255175
#SPJ11
The Roger corporation has a pending court case and the financial adviser indicates that it is likely that he will have a adverse judgment and will need to give a compensation in an amount that fluctuates between 100,000 and 150,000. What is the accounting treatment for this situation?
Journal entry recognizing the debt for 100,000
nothing is done
put in the disclosure notes
Journal entry recognizing the debt for 150,000
Answers
The appropriate accounting treatment for the situation described would be to put it in the disclosure notes. Option c is correct.
The provision of the financial statements that contains important information related to the company's financial condition, operations, and risks is called the disclosure notes. These notes have to be disclosed in the notes to financial statements of the company's annual report.
The disclosure notes are a valuable resource for investors, analysts, and other stakeholders to gain more insight into a company's operations, risks, and financial condition. These notes include information on legal proceedings, contingencies, and other risks that may impact the company's financial statements.
Therefore, the appropriate accounting treatment would be to put the possible compensation amount in the disclosure notes, as the amount of compensation is uncertain, and the financial statements are not yet affected by this legal issue.
So, the correct option is c.
Learn more about accounting https://brainly.com/question/13310721
#SPJ11
Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answers
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
To force the value of the British pound to depreciate against the dollar, the Federal Reserve should: Group of answer choices sell dollars for pounds in the foreign exchange market and the Bank of England should sell dollars for pounds in the foreign exchange market. sell pounds for dollars in the foreign exchange market and the Bank of England should sell pounds for dollars in the foreign exchange market. sell dollars for pounds in the foreign exchange market and the Bank of England should sell pounds for dollars in the foreign exchange market. sell pounds for dollars in the foreign exchange market and the Bank of England should sell dollars for pounds in the foreign exchange market.
Answers
Answer:
sell pounds for dollars in the foreign exchange market and the Bank of England should sell pounds for dollars in the foreign exchange market.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
Depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
A foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.
For example, the conversion of dollars of the United States of America can be converted into Pounds (British) at the foreign exchange market.
Hence, to force the value of the British pound to depreciate against the dollar, the Federal Reserve should sell pounds for dollars in the foreign exchange market and the Bank of England should sell pounds for dollars in the foreign exchange market.
what type of a job do you qualify to do if you are doing these streams at school : business studies , economics , tourism, mathematical literacy , English , life orientation and home language
Answers
Answer:
Explanation:
Having a background in business studies, economics, tourism, mathematical literacy, English, life orientation, and a home language can prepare you for various types of jobs in different industries. Here are a few examples of career paths that you may be interested in:
Business and finance: With a background in business studies, economics, and mathematical literacy, you may be interested in pursuing a career in business and finance. This could include roles such as financial analyst, accountant, investment banker, or management consultant.
Tourism and hospitality: Your background in tourism may be useful in pursuing a career in the tourism and hospitality industry. This could include jobs such as hotel manager, tour guide, event planner, or travel agent.
Communications and media: Your proficiency in English may be valuable in careers related to communications and media. This could include jobs such as journalist, public relations specialist, copywriter, or content marketer.
Social services: With a background in life orientation, you may be interested in pursuing a career in social services. This could include roles such as social worker, community health worker, or counselor.
These are just a few examples, and your career path will depend on your individual interests, skills, and values. It is important to research different careers and industries, gain relevant experience through internships or volunteering, and network with professionals in fields that interest you.
_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answers
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
how old do you have to be to work at lululemon
Answers
Answer:
The minium age requirement to work there is 18
Express the elements in pointwise which are required in employment notice
Answers
It's too short. Write at least 20 characters to explain it well.
Riverview Company is evaluating the proposed acquisition of a new production machine. The machine's base price is $200,000, and installation costs would amount to $28,000. Also, $10,000 in net working capital would be required at installation. The machine will be depreciated for 3 years using simplified straight line depreciation. The machine would save the firm $110,000 per year in operating costs. The firm is planning to keep the machine in place for 5 years. At the end of the fifth year, the machine will be sold for $20,000. Riverview has a cost of capital of 12% and a marginal tax rate of 34%.
Answers
The Internal rate of return of the project is $228,000.
What is internal rate of return?In financial analysis, the internal rate of return (IRR) is a statistic used to calculate the profitability of possible investments. IRR is a discount rate that, in a discounted cash flow analysis, reduces all cash flows' net present values (NPV) to zero. The same formula is used for NPV calculations and IRR calculations. Remember that the project's true financial value is not represented by the IRR. The annual return is what brings the NPV to a negative value. The more attractive an investment is to make, the greater the internal rate of return.IRR can be used to rank a variety of potential investments or projects on a pretty even basis because it is consistent for investments of all types.
Initial Outlay
$200,000 base
$28,000 install
$10,000 net
This gives a total of $238,000.
Annual Depreciation = 228,000/3 years= $76000.
Annual Cash Flow 110,000 (saved cost) - 76,000 dep = 34,000 - 11560(tax) = 22, 440 EAT + 76,000 add back = $98,440
TCF = 76,000*3(years 3,4,5)=228,000.
Know more about internal rate of return with the help of the given link:
https://brainly.com/question/13016230
#SPJ4