Dew Drop Inn had net revenue of $117,000 in 2020 and $100,000 in 2021. Its fixed assets were $400,000 at the end of 2019, $380,000 at the end of 2020, and $360,000 at the end of 2021. In which year was the fixed asset turnover ratio better

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Answer 1

Based on the fixed assets and the revenue in the years in question, the year with the better fixed asset turnover ratio was 2020.

The fixed asset turnover ratio is calculated as:

= Revenue / Fixed assets

For 2020 it was:

= 117,000 / 380,000

= 47%

In 2021 it was:

= 100,000 / 360,000

= 28%

The year with the higher ratio is the better year and that year was 2020.

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Related Questions

The three factors that evaluate the level of creativity in the decision-making process are fluency, flexibility, and originality. True False

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Making choices among alternative courses of action is known as decision making. The three factors that evaluate the level of creativity in the decision-making process are fluency, flexibility, and originality is a true statement.

Creative decision-making is simply known as the ability to consider all views and solve a problem in a new way.

It often set up new or better ways, offer a new method or even help discover a new product or service for a business to offer.

Researchers often focus on three factors to evaluate the level of creativity in the decision-making process. They are:

Fluency: this refers to the number of ideas an individual is able to get. Flexibility: Based on if decision makers are able to get several unique solutions to a problem.Originality: something/Idea that is conceived by you.

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Downward influence is best achieved through A. citing the firm's goals. B. forming alliances. C. an inspiring vision. D. forming support networks.

Answers

Answer:

B. forming alliances

Explanation:

Managers should expect to encounter criticisms, disagreements, and other on-the-job conflicts regularly. true flase

Answers

Answer:. True

Explanation:I just finished this test and got it right.

Managers should expect to encounter criticism, disagreements and other on the job conflicts to avoid clash between employees.

What is on job conflict?

On job conflict is a conflict in which the two employees disagree at some point in a work place. There can be healthy conflict which can bring new ideas to help the company grow and reach its objectives, however the manager should closely monitor on the job conflicts between employees and should try to resolve them immediately.

Therefore the statement is True

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A company’s value is also known as their what?

Answers

Answer:

Enterprise Value.

Explanation:

Also known as the AV, the enterprise value is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. The market capitalization of a company is simply its share price multiplied by the number of shares a company has outstanding.

Under the allowance method, companies estimate _____ uncollectible amounts and report those estimates in the _____ year.Multiple choice question.future; currentcurrent; futurefuture; futurecurrent; current

Answers

Answer: current and future

Under the allowance method, companies must estimate future, uncollectible amounts and report those estimates in the current year.

The missing words are Future and Current.

What is the Allowance Method?

Under the Allowance Method, companies set aside a reserve that is estimated, for bad debts that are anticipated in the future.

This method is typical of the accrual basis of accounting and is the most accepted method for recording uncollected accounts for financial accounting purposes.

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Choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, LLC, C corporation, S corporation, or nonprofit corporation). Explain why this structure would be good for this type of company.

Answers

Answer:

nonprofit corporation - literally anything involving donations - your welcome

Explanation:

On June 30, Nance Company receives a $5,000, 90-day, 4% note from a customer as payment on her account. How much interest will be due on the note's maturity date

Answers

Answer:

50$

Explanation:

5000 x 4% x 90/360 = 50$

Free trade areas that have a common external trade policy, but don't allow for the free movement of people and capital are called

Answers

Answer:

common markets

Explanation:

During an interview, in addition to asking the questions you prepared in advance, make sure that you ask Question 3 options: closed questions. open questions. primary questions. secondary questions.

Answers

In addition to asking questions prepared in advance, applicant must make sure they ask Closed-ended questions

Closed-ended questions refers to the questions which can only be answered from selection of limited number of options.

Examples of closed-ended question during an interview is "When should i expect a mail from you sir?", What are the ideal quality of staffs you are seeking for?" etc.

Hence, during an interview, in addition to asking questions prepared in advance, applicant must make sure they ask Closed-ended questions

Therefore, the Option A is correct.

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which statement best illustrates the history of the fractional banking system?

Answers

Answer:

A goldsmith accepts deposits of gold and issues paper receipts in excess of the amount of gold held; reserves are a fraction of the money supply.

Explanation:

all round, a new virtual music store, is trying to compete with itunes. one thing all round did was count the number of products sold and units produced. where are they in the control process?

Answers

Based on the information given, it can be inferred that they're in the measuring performance of the control process.

Control process simply means the collection of information about a system in order to make a vital decision.

Since the new virtual music store, is trying to compete with itunes and count the number of products sold and units produced, it can be deduced that the company is measuring performance.

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Where do u record sundry expenses in a purchase ledger

Answers

Answer:

Sundry expenses are shown on the expenses side (left) of a profit and loss account (Income statement).

Explanation:

Answer:

Sundry expenses are shown on the expenses side (left) of a profit and loss account.

in the u.s. economy, the money supply is controlled by the

Answers

Answer:

the fed

Explanation:

I just serched it up

Answer:

The money supply is controlled by the U.S government

If you want to go more in-depth it’s the federal reserve

Explanation:

Hope my answer helps

Identify the statements that describe life before the nationalization of the American market during the market revolution. Correct Answer(s) Drag appropriate answer(s) here Americans lived only to the east of the Appalachian Mountains; the mountains provided a natural border between Anglo-Americans and native peoples. Press Space to open Cash was not widely distributed throughout the country and was utilized mainly in coastal cities. Many Americans bartered for what they needed. Press Space to open Most Americans lived isolated lives not much different from the lives of their colonial forebears. Press Space to open Many Americans were tasked with sustaining their own lives since consumer goods and services were not readily available to them. Press Space to open Most Americans lived nomadic lives, traveling from town-to-town in search of work

Answers

Considering the options available, the statements that describe life before the nationalization of the American market during the market revolution include "Many Americans bartered for what they needed."

Other statements that describe life before the nationalization of the American market during the market revolution are the following:

Many Americans were tasked with sustaining their own lives since consumer goods and services were not readily available.

Cash was not widely distributed throughout the country and was utilized mainly in coastal cities.

Most Americans lived isolated lives not much different from the lives of their colonial forebears.

Hence, in this case, it is concluded that the correct answer is Options B, C, D, and E.

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"take hundred now is more valuable than take hundred after one year" explain it​

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Answer:

Today's dollar is worth more than tomorrow's because of inflation (on the side that's unfortunate for you) and compound interest (the side you can make work for you). Inflation increases prices over time, which means that each dollar you own today will buy more in the present time than it will in the future.

the table shows data that were collected from people who attended a certain high school basketball game and indicates the team each person rooted for and whether each of these people purchased food during the game. a person who attended the game will be selected at random. which of the following correctly interprets mutually exclusive events represented by the table?

Answers

The statement that correctly represents mutually exclusive events represented by the table is rooting for the home team and rooting for the away team.

Mutually exclusive events are events that cannot occur together. If one event occurs, then the other event cannot occur. For example, if you roll a dice once, you cannot get a five and three at the same time. It would be either of the two.

Looking at the table, you cannot root for the home team and the away team at the same time. A person has to choose which team to root for. Also, you can either purchase food or not purchase food. Thus, these are the mutually exclusive events.

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True or false: Some states allow corporations to issue no-par value common stock. True false question. True False

Answers

Based on capital market analysis, it is true that some states allow corporations to issue no-par value common stock.

In the United States, some of the states that allow corporations to issue no-par value common stock include the following:

Alabama, Colorado, Idaho, Kansas,Maryland, Michigan, Missouri, New Jersey, Ohio, Pennsylvania, Utah, etc.

A no-par value stock is a stock allocated without a par value. Its value is visually determined by the amount investors are ready to pay on the open market.

Hence, in this case, it is concluded that the correct answer is "True."

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Question #4
Generally, when receiving a business card from an international
business person you should:
O Set the card aside so you can study it later.
O Thank the person for giving you their card.
O Immediately place the card in your pocket.
O Carefully review the card and then put it in a special place.

Answers

Generally, when receiving a business card from an international business person, you should B. Thank the person for giving you their card.

 

Expressing gratitude remains the first courtesy practice in any business meeting, much more an international business meeting.

 

After expressing gratitude for the card, you can later study and thoroughly review it before putting it in your international cardholder.

 

Thus, the first reaction after receiving a business card from an international business person is Option B.

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The effect on the accounting equation of declaring a dividend that will be paid at a later date includes a(n):

Answers

Answer:

- decrease in stockholders’ equity

- increase in liabilities

Explanation:

The effect on the accounting equation of declaring a dividend that will be paid at a later date includes decrease in stockholdersequity and increase in liabilities.

What is  stockholders’ equity?

Stockholders' equity describes the assets that are still held by a company after all liabilities have been paid. This amount can also be determined by adding share capital and retained earnings, less treasury stock. It is obtained by deducting total liabilities from total assets.

Share Capital plus Retained Earnings minus Treasury Shares equals Stockholders' Equity. This equation, also referred to as the investor's equation, requires you to first calculate the share capital and then determine the business's retained earnings.

The calculation of shareholders' equity takes into account four factors: outstanding shares, additional paid-in capital, retained earnings, and treasury stock. A firm has sufficient assets to cover its liabilities if shareholders' equity is positive; otherwise, it has more liabilities than assets.

Thus, decrease in stockholders’ equity and increase in liabilities.

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A diversification strategy should enable a company or its individual business units to create value in the value chain to:

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A diversification strategy should enable a company or its individual business units to create value in the value chain to: establish differentiation and increase pricing options.

Alex just got a new car. Because Alex obtained full-coverage car insurance, Alex will have an incentive to ______ because of ______.

Answers

Since Alex obtained full-coverage car insurance, he will have to drive more cautiously than if he didn't have insurance because of moral hazard.

Moral hazard simply means a risk that an individual has not entered into a contract in good faith or the person provided inadequate information about his assets.

In this case, since Alex just got a new car and obtained full-coverage car insurance, Alex will have an incentive, he'll have to drive more cautiously than if he didn't have insurance due to moral hazard.

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Which change should she make in her outline?
O change step 2 to “click the format tab”
O change step 3 to “open chart title dialog box “

O change step 4 to “type in the chart title”

O change step 5 to “add the chart title”

Answers

Answer:

A

Explanation:

Answer:

B

Explanation:

what is Communication, ​

Answers

Communication is where you have contact with other people for example a conversation is a form of communication

Which best diagrams the correct obstacle to the example?

Answers

economic trade this is your answer hope it's helpful to you

Economic Trade is the answer.

according to current growth charts, an infant can be expected to ______ his or her birth weight by 1 year of age.

Answers

Infants can be expected to triple their birth weight by 1 year

According to current growth charts, an infant can be expected to triple his or her birth weight by 1 year of age.

What is growth?

The term "growth" describes an increase in the size and mass of an organ or a body. Cell division and an increase in intracellular material are the usual mechanisms. Development is the maturing of an organism's physiological and functional systems.

The average baby will gain twice as much weight throughout the first six months of life. They will gain three times as much weight from birth to age one. The first three months of life will see a daily weight rise of roughly an ounce.

Think about the following general recommendations for newborn growth in the first year: A newborn may gain 5 to 7 ounces (about 140 to 200 grams) and grow 1/2 to 1 inch (around 1.5 to 2.5 cm) or more per week from birth until age 6 months. By roughly five months old, your baby should have gained twice as much weight as at birth.

Therefore, Thus, option (A) is correct.

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A. triple.

B. double.

C. quadruple

when preparing your taxes, what can possibly help reduce the amount of taxes that you owe?

Answers

Answer:

By Opening a saving account

When preparing your taxes a tax credit can help you to reduce the amount of taxes that you owe.

A tax credit can be referred to as an item that is used directly to reduce what someone has to pay as taxes in a year. The tax credit helps by decreasing a person's tax liability.

The tax credit could be automatically gotten or it could be claimed. Tax deductions can also be used to reduce the amount that a person earns just before they calculate their taxes.

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Carina's job is to find new customers for her company's telecommunication services. She encourages existing customers to add more services and finds customers who are completely new to the company. Carina would best be classified as a(n)

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For Carina, whose job is to find new customers for her company's telecommunication services and who also encourages existing customers to add more services and find customers who are completely new to the company, we can classify her as an Order Getter.

An order getter is a salesperson who actively engages customers and persuades them to purchase the goods that she is offering. This can be seen in the case of Carina.

She does not just take orders, rather, she encourages her customers to make purchases and refer others.

Therefore, Carina can be said to be an Order Getter.

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How do consumers benefit from accumulating airline miles?
A. Consumers can use the miles to purchase airline tickets.
B. Consumers can use miles as a tax deduction.
C. Consumers can use miles to purchase a home.
D. Consumers can decline travel insurance.

Answers

Answer:

I think is b.

Explanation:

or d but double check just from background i eliminate a and c

True or false: Adams, Inc. has found that their managers are reluctant to replace old equipment with new, updated equipment. To stop this practice, Adams should compute ROI using assets' net book values.

Answers

Answer: False

Explanation:

According to the given scenario, the given statement is false as net book value discourages equipment replacement.

What is meant by net book value?

The historical cost of an asset, less any sums deducted for depreciation, amortization, or depletion, is its net book value. The requirement that assets be reported at their market worth is a byproduct of fair value reporting. Several of the financial reporting rules mandated by US GAAP are emphasized by the fair value concept. "An asset's selling price agreed upon by a willing buyer and seller, presuming both parties are knowledgeable and join the transaction freely," is what fair value reporting refers to.

When revealing the worth of property, plant, and equipment, NBV is frequently utilized (PPE). This indicates that it is diminished as assets are amortized or depreciated. It is based on the notion that assets depreciate slightly over time as a result of use.

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Angel has worked as a restaurant server, as a mechanic, as a massage therapist, and as a teacher since he finished college five years ago. He now wants to apply for a cruise ship position, but is unlikely to receive one based on his lack of relevant experience and frequent job changes.

True
False

Answers

The answer is true because he doesn’t have relevant experience and has changed jobs a lot
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