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coldgirl [10]
1 year ago
13

Stockbridge Industries has a total assets turnover ratio of 4.1x and net annual sales of $49.20 million. If stockbrige has $5 mi

llion total debt on its balance sheet, what is the firm's debt ratio
Business
1 answer:
irga5000 [103]1 year ago
3 0

Answer:

Debt ratio = 0.4167 or 41.67%

Explanation:

The total assets turnover is the ratio that tells us the level of net sales generated on each $1 of invested total asset. Thus the formula for total assets turnover is,

Total assets turnover = Net Sales / Average total assets

Using the formula and the available values, we calculate the total assets to be,

4.1 = 49.20 / Average Total assets

Average total assets = 49.2 / 4.1

Average total assets = $12 million

The debt ratio calculates the value of debt as a percentage of total assets.

Debt ratio = Total debt / Total assets

Debt ratio = 5 / 12

Debt ratio = 0.4167 or 41.67%

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Judi Pendergrass is an account representative at Ever Pharmaceuticals. She has a company car for customer visits, which she uses
scoundrel [369]

Answer: None

Explanation: The IRS commuting rule allows for business travel expenses to be deducted as business expenses but this does not apply to commuting expenses.

Business travel expenses include Judi driving the company car to customer's locations or using any other form of transportation to meet a client. It even covers travelling by plane to another state for the same purpose.

It however does not apply to travelling between home and work, this is a daily travel expense as you need to get to work anyway.

8 0
2 years ago
As the VP of Global Marketing, what business objective do you want Holden Evan to achieve in Tuatara? Any choice will bring its
Vlada [557]

Answer:

The business objective that I want Holden Evan to achieve in Tuatara is to sell their products throughout the Tuatara territory.

Explanation:

As the VP of Global Marketing, the business objective that i want Holden Evan to achieve in Tuatara is to sell their products throughout the Tuatara territory reason been that Holden Evan is a multinational corporation that deal in selling of beauty products as well as other consumer goods and since Tuatara is an emerging market for consumer products, this means that Holden Evan’s main aim and objective in Tuatara territory should be to manufacture and sell their products throughout the Tuatara territory.

8 0
2 years ago
Shannon signs a contract with tevin, an unlicensed contractor, to build a deck and gazebo at the rear of her house. this contrac
Bingel [31]

The answer is noone.

8 0
1 year ago
A large open economy has desired national saving of Sd = 1200 + 1000rw, and desired national investment of Id = 1000 - 500rw. Th
exis [7]

Answer: 10%

Explanation:

The Equilibrium real interest rate would be the interest rate that equates the Desired savings to the desired investment for both the National and foreign economy.

Desired national saving + Foreign desired national saving = Desired national investment + Foreign desired national investment

1,200 + 1,000rw + 1,300 + 1,000rw = (1,000 - 500rw) + (1,800 - 500rw)

2,500 + 2,000rw = 2,800 - 1,000rw

2,000rw + 1,000rw = 2,800 - 2,500

3,000rw = 300

rw = 0.1

rw = 10%

7 0
2 years ago
The five stages a buyer passes through in making choices about which products and services to buy is called the postpurchase beh
pychu [463]

Answer:

Purchase Decision Process

Explanation:

The purchase decision process is the one through which the a buyer makes his decision of buying a certain product.

This consumer buying process has five step which they use to make their decision, are following;

  1. Need or Problem Recognition.
  2. Information Search.
  3. Evaluation of Alternatives.
  4. Purchase Decision.
  5. Post-Purchase Evaluation.

I hope the answer is helpful.

Thanks for asking.

8 0
1 year ago
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