If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it uses its fixed assets very efficiently or is operating at over capacity and should probably add fixed assets.a) true
b) false

Answers

Answer 1

Answer:

a) true

Explanation:

If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it uses its fixed assets very efficiently or is operating at over capacity and should probably add fixed assets.

Fixed asset turnover ratio can be defined as an efficiency ratio which gives the ratio of sales to the value of fixed assets owned by an organization.

Generally, it is calculated by dividing an organization's net sales by its net assets such as equipment, factory, and property. However, the fixed assets equals the fixed asset minus depreciation. When the fixed assets turnover ratio is high, it simply means that the organization is efficiently using its fixed assets to improve or generate more sales and vice-versa.

Answer 2

Answer:

Final answer:

If a firm's fixed assets turnover ratio is significantly higher than its industry average, it indicates efficiency, not overcapacity.

Explanation:

The correct answer is b) false. If a firm's fixed assets turnover ratio is significantly higher than its industry average, it indicates that the firm is using its fixed assets more efficiently compared to its competitors in the same industry. It means that the firm is generating higher sales with the given fixed assets, which is a positive sign of efficiency. Adding more fixed assets in this scenario would not be necessary as it would decrease the fixed assets turnover ratio.

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Which situation is considered reinforcement?A. Refusing to leave a tip for service that was bad
B. Earning an "A" despite not studying or listening in class
C. Receiving a "thank you" from somebody after doing something nice
D. The inability to get a job due to prior criminal histo

Answers

'C', Receiving a "thank you" from somebody after doing something nice is an example of reinforcement. Getting a reward, in this case a thank you, reinforces good behavior. It gives a person to keep doing the good behavior. Punishing in the case of not leaving a tip or not getting employment will punish bad behavior but do not encourage good behavior. An 'A' for not doing the work, does not reward good behavior, it rewards bad behavior.

Joaquin has $1,300 in the bank and has investments worth $4,000. He also has $7,000 worth of credit card debt. What is the total value of Joaquin's assets

Answers

Assets = Liabilities + Owner's Equity
$12,300 = $7,000 + 5300

Assets
Cash in bank 1,300
Account Receivable/investment 4000
Account Payable/credit card debt 7000
Total Assets 12,300

Ways in which businesses can contribute time and effort to advance the well-being of others in a business context In refreshing from engaging in harmful practices

Answers

Several ways that a business can do to advance the well being of other in the context of engaging in harmful practices are :

- By educating their employees about business code of ethics
- By creating a company tradition that impose honesty within its employees
- By following the Guidelines and code of ethics imposed by the law

A company had net income of $259440. Depreciation expense is $23920. During the year, accounts receivable and inventory increased $13800 and $36800, respectively. Prepaid expenses and accounts payable decreased $1840 and $12880, respectively. There was also a loss on the sale of equipment of $15640. How much cash was provided by operating activities

Answers

Answer:

Net cash flow from operating activities $237,360

Explanation:

The computation of the cash was provided by operating activities

Net income $259,440

Add: depreciation expense $23,920

Less: Increase in account receivable -$13,800

Less: increase in inventory -$36,800

Add: Decrease in prepaid expense $1,840

Less: decrease in account payable -$12,880

Add: loss on sale of equipment -$15,640

Net cash flow from operating activities $237,360

Read the following scenario to determine which hazard prevention or control method applies. marcos informs his fellow workers of the rules for using ladders safely.

Answers

Read the following scenario to determine which hazard prevention or control method applies.

Answer: After reading the scenario presented above I determined that the hazard prevention or control method that applies for this case is Administrative Controls. The reason being that he is sharing the rules of how they should use the ladders safely.

I hope it helps, Regards.

If Marcos informs his fellow workers of the rules for using ladders safely, then the hazard prevention or control method that applies to this scenario is Communicate Safe Work Practices. He is teaching them how to be safe at work, so this method is suitable for such a situation.

Carol typed a memo to distribute to everyone in her department. To create this memo, she used a _____.