A firm with $900,000 in sales, cash on hand of $1,150,000, liabilities of $400,000 and total assets of $2 million has a total asset turnover of ______ times.

Answers

Answer 1

Answer:

Answer:

0.45

Explanation:

Total Asset turnover is the relationship between the total asset and the total sales. It measure the turnover generated by assets and shows how fully a company is utilizing its assets.

It is calculated as Net Sales / Average Total asset.

Average total asset is calculated as Asset at Beginning + Asset at closing / 2

Applying the formula

The total sales = $900,000 while the total asset is $2, 000,000

$900,000/$2,000,000 = 0.45

Note: The beginning and closing Asset were not given so $2,000,000 is regarded to as the average asset.

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Alps Ski Co is looking for new markets for both its brick and mortar retail stores and its catalog division. Alps Ski Co would most likely use a(n) ______ base for market segmentation of its stores and a(n) ______ base for market segmentation of its catalog division.

Answers

Answer:

The correct word for the blank space is: geographic; behavioristic.

Explanation:

Alps Ski Co. offers its product in two ways: traditional brick-and-mortar physical stores and in printed catalogs. As the company is looking for new markets, it would be convenient to prioritize the geographic location of the new physical stores to determine where they are more likely to be successful and where the sales could be higher. For the printed catalogs, the geographic location for the distribution is important but it is better to prioritize consumer behavior to find out if in certain areas people prefer to take a look at what the store has available on a catalog rather than going directly to the store to make the purchase.

Select the correct answer from each drop-down menu. How did the government help the economy? The economy of country Y has experienced increased unemployment and reduced GDP for six months. The government therefore decides to implement fiscal policy that increases and reduces.

Answers

The fiscal policy action taken by the government would increase money supply and reduce tax rate.

What is fiscal policy?

Fiscal policy are actions taken by the government to stimulate the economy in order to achieve full employment and price stability.

Fiscal policies can either be expansionary or contractionary. Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

To learn more about fiscal policies, please check: brainly.com/question/25716528

Answer:

The answer would be: The government therefor decides to implement fiscal policy that increases Government spending and reduces Taxes.

this answer was correct for me on plato. hope this helped.

Explanation:

Your email campaign has an open-rate of 9.6%, and you emailed 25,000 people. How many people opened your email?

Answers

Answer:(25000 × 9.6) / 100

Explanation:

25000 mail is 100% of the email, so 9.6% of them will be the result of the answer i gave

Do all accounts serve the same function? Why or why not?

Answers

No, accounts serve the purpose that their owners choose. They do not have the same function.

>>>Accounts are financial records of an organization that register all financial transactions, and must be kept at its principal office or place of business.
In accounting, it means the chronological record of changes in the value of an entity's assets, liabilities, and the owners' equity

In banking,it means continuing financial relationship between a bank and a customer,whereby deposits and debts are held and processed within a framework of established rules and procedures.

Answer:

D: No, accounts serve the purpose that their owners choose.

Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $2,100 account of a customer, C. Green. On March 9, it receives a $1,600 payment from Green. Prepare the journal entry or entries for January 31.
Prepare the journal entry or entries for March 9; assume no additional money is expected from Green.

Answers

Answer: Please see answer in explanation column

Explanation:

a) Journal entry to write off an uncollectible amount.

Date Account Debit Credit

Jan 31st Allowance for doubtful accounts $2,100

Accounts receivable—C. Green $2,100

b) Journal to record recovery of the bad debt.

Date Account Debit Credit

Mar 9 Accounts receivable—C. Green $1,600

Allowance for doubtful accounts $1,600

c) Journal to record payment on account.

Date Account Debit Credit

Mar 9 Cash $1,600

Accounts receivable—C. Green $1,600

What is form utility and what is place utility

Answers

Answer:

Explanation:

Form utility can be defined as the process of utilizing the raw material for the preparation of finished goods. The manufacturing companies takes a huge effort to assemble all components to develop a product. Place utility reflects how the products are presented in front of customers through using media, advertisement and other marketing strategies.

Form

Form refers to the product or service you offer your customers. Your marketing team carries out research into customer needs to develop a specification for a product or service. Your product development team can then develop a product or service that meets customers’ needs and provides your customers with important business benefits such as lower costs, improved productivity, easier installation or stronger competitive advantage. Your marketing team is creating utility by transforming customers’ needs into product or services that deliver added value.

Place

The utility of place refers to the availability of a product or service in a location that is convenient to your customers. In business marketing, place can refer to the convenience of your distribution channels or direct sales operations. By improving the utility of place, you are ensuring that your customers will find it convenient to buy your product. If you market services, you can improve utility for your customers by developing self-service facilities on your website, for example. Customers can find answers to straightforward technical problems or post questions on a forum where your team or other customers can provide answers

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