answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikitadnepr [17]
2 years ago
8

The company has net sales revenue of $7.4 million during 2018. The company's records also included the following information: As

sets 12/31/17 12/31/18 Property, plant and equipment $ 4.2 million $ 6.3 million Licensing agreements $ 2.4 million $ 2.3 million Goodwill $ 2.2 million $ 2.2 million Investments $ 2.3 million $ 2.4 million What is the company's fixed asset turnover ratio for 2018
Business
2 answers:
zimovet [89]2 years ago
6 0

Answer:

1.42

Explanation:

The fixed asset turnover is a financial ratio that shows how much sales is generated by management for each $1 invested in fixed asset over the period. It is the ratio of sales to average fixed asset.

Average fixed asset is the sum of the beginning and ending fixed asset divided by 2.

Average fixed assets

= ($4.2 + $6.3)/2   (Amount in millions)

= $5.25 million

The company's fixed asset turnover ratio for 2018

= $7.4/$5.2

= 1.42

It means that the company makes a sales revenue of $1.42 for every $1 invested in fixed assets.

4vir4ik [10]2 years ago
4 0

Answer:

3.15 times

Explanation:

It is ratio of Sales to the fixed asset of a company. It shows that how effectively the company using its fixed assets to generate the revenue. It measures the efficiency of the fixed asset in making sales.

It uses the net sales value and the average net fixed assets of the company.

According to given data

Assets                                             12/31/17            12/31/18

Property, plant and equipment   $4.2 million     $6.3 million

Licensing agreements                 $2.4 million     $2.3 million

Goodwill                                        $2.2 million     $2.2 million

Investments                                  <u>$2.3 million</u>     <u>$2.4 million</u>

Total Fixed assets                       <u>$2.3 million</u>    <u>$2.4 million</u>

Average Fixed Assets = ( $2.3 million + $2.4 million ) / 2 = 2.35 million

Net Sales = $7.4 million

Formula for Fixed Asset Turnover

Fixed Asset Turnover = Net Sales / Average Net Fixed Assets

Placing values in the formula

Fixed Asset Turnover = $7.4 million / $2.35 million = 3.15 times

You might be interested in
Ashley has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so s
Vlad [161]

Answer:

Option (D) is correct.

Explanation:

1.We use the formula:

A=P(1+\frac{r}{100})^{n}

where

A=future value

P=present value

r=rate of interest

n=time period.

A=1,060(1.12)^{2}+ 1,060(1.12)^{1} + 1,060

A=1,060[(1.12)^{2}+(1.12)^{1} + 1]

         = 1,060 [1.2544 + 1.12 + 1]

         = 1,060 × 3.3744

         = $3,576.864

Therefore, the amount of $3,576.864 will Ashley have to buy a new LCD TV at the end of three years.

(b) Future value of annuity due = Future value of annuity × (1 + interest rate)

                                                    = $3,576.86(1 + 0.12)

                                                    = $3,576.86 × 1.12

                                                    = $4,006.08

She will save around $4,006.08

4 0
2 years ago
If a law enforcement officer suspects your vehicle is not properly maintained or does not comply with florida motor vehicle equi
Schach [20]

<em>If a law enforcement officer suspects your vehicle is not properly maintained or does not comply with Florida motor vehicle equipment standards, the officer </em><em>will forbid you to drive to the highway </em>

<h2>Further Explanation </h2>

Motorized vehicles are vehicles that are driven by technical equipment for movement, and are used for land transportation. Generally, motor vehicles use internal combustion engines, but electric motors and other types of engines (eg hybrid electric vehicles and plug-in hybrids) can also be used. Motorized vehicles have wheels, and usually walk on the road. The types of motorized vehicles can vary, ranging from cars, buses, motorbikes, off-road vehicles, light trucks, to heavy trucks. The classification of motor vehicles varies depending on the country.

<h3>Standardization of motor vehicles in the federal state: </h3>
  • Control and display
  • Transmission shift lever sequence, interlock starter, and transmission braking effect
  • Brake hose
  • Lights, reflective devices, and related equipment
  • Rearview and side mirror
  • Theft Protection
  • Motor vehicle brake fluid
  • Motorcycle brake system
  • Motorcycle control and appearance
  • Accelerator control system
  • Alert device
  • Light vehicle brake system
  • Tire pressure monitoring system
  • Motorcycle helmet
  • Fuel system integrity
  • Flammability of interior materials
  • Platform lift system for motorized vehicles
  • Installation of platform lifts in motorized vehicles
  • Low-speed vehicle

Learn More

Standardization of Driving brainly.com/question/4190637

Motor Vehicle Rules brainly.com/question/4190637

Details

Grade: High School

Subject: Business

Keyword: standardization, vehicle, motor

6 0
2 years ago
Read 2 more answers
The following information relates to the manufacturing operations of the JNR Printing Company for the year: Beginning Ending Raw
grin007 [14]

Answer: $117,000

Explanation:

So we are to calculate the Raw Materials purchased during the year.

Logically speaking the following should hold,

Raw materials purchased during the year + beginning raw materials = ending Raw materials + Raw materials used

Agreeing on that and rearranging the formula we will have,

Raw Material purchased during the year = Raw Material used during the year + Ending Raw Material Inventory - Opening Raw Material Inventory

Slotting in the figures we will then have,

Raw Material purchased during the year = 114,000 + 56,000 - 53,000

= $117,000

Raw materials purchased during the year amount to $117,000.

8 0
2 years ago
Kathy is a senior teacher in her school. She is conducting a group discussion between parents and teachers. Her role is to ensur
Lilit [14]
<span>Kathy’s role in the group discussion is what we called Discussion leaders. Discussion leaders have a very important role during discussion. She must inform the group of what to expect in the discussion and give the members time to contribute ideas in the discussion. </span>
6 0
2 years ago
Bradley, an executive chef in a large hotel, recently attended a training conference sponsored by several top professionals in h
Nonamiya [84]

Answer: learning organisation

           

Explanation: In simple words, this refers to the organisation which focuses on continuous training of their employees and frequently makes changes in their administration structure. These are usually immature organisations who are new in the market.

In the given case, The hotel management is operating at a large scale and is open to new ideas that can improve their business.

Hence from the above we can conclude that Bradley's hotel is a learning organisation.  

4 0
2 years ago
Other questions:
  • Joe bought a stock at $57 per share. the price promptly fell to $55. joe held on to the stock until it again reached $57, and th
    7·1 answer
  • The future value of $200 received today and deposited at 8 percent compounded semiannually for three years is ________. $380 $15
    6·2 answers
  • A jewelry store has a discount for customers who purchase multiple pairs of earrings: after paying full price for one pair of ea
    6·1 answer
  • For most people, the purchase of a Ford automobile would employ which type of consumer decision making? a.Generic decision makin
    14·1 answer
  • Which element(s) affect shirt sizes? A. amount of fabric used B. texture and color C. collar fitting and sleeve length D. intern
    10·1 answer
  • Burger King is a cash-basis taxpayer but maintains its financial accounting records using full
    14·2 answers
  • On December 1, 2018, your company borrowed $15,000, a portion of which is to be repaid each year on November 30. Specifically, y
    6·1 answer
  • The equipment account had a $36,000 balance at the beginning of the year, and a $30,000 balance at the end of the year. The accu
    15·1 answer
  • Suzy Bartles enters into an oral contract to purchase a tract of land from Bill Hermes. The land is considered worthless, but Ba
    9·1 answer
  • Ben &amp; Jerry’s Homemade, Inc., the Vermont-based manufacturer of ice cream, frozen yogurt, and sorbet, was known for having a
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!