Mike company reported beginning and ending total assets of $240,000 and $320,000, respectively. Its net sales for the year was $341,600. What was mike's asset turnover ratio?

The lease-purchase contract should include all of the following EXCEPT all financing terms for the purchase.

A Lease-Purchase Contract, also known as a Lease Purchase Agreement. A lease purchase agreement in real estate is a rent-to-own contract between a tenant and a landlord for the former to purchase the property at a later point in time. The renter pays the seller an option fee at an agreed-upon purchase price, giving them exclusive rights to buy the property.

Both parties agree to what the purchase price of the home will be at the end of the lease term. The agreement will likely include a stipulation that a portion of the monthly rent goes toward a down payment. The renter should be confident that they can secure a mortgage at the end of the lease, or else they forfeit the purchase option.

Learn more about Lease Purchase on:

brainly.com/question/27792564

#SPJ4

The most likely source of cyberattacks, based on a poll of global executives, information security managers, and IT leaders is: careless insider.

Cyberattacks can be defined as the way in which a person or a hacker gain unauthorized access to sensitive  or confidential information or information system.

Hence, careless insider is the most likely source of cyberattacks and this can occur due to carelessness or negligent leading to cyberattacks or unauthorize access to confidential information.

Learn more about Cyberattacks here:https://brainly.com/question/7065536

#SPJ1

Based on the balance of Bonds Payable and Premium on Bonds, the amount of loss on redemption is $17,000.

The cash the company paid is:

= 900,000 x 103/100

= $927,000

The gain (loss) on redemption is:

= Bond carrying value - Cash paid

= (900,000 + 10,000) - 927,000

= -$17,000

Find out more on gain (loss) on redemption at https://brainly.com/question/7158291

#SPJ1

There can be many bad managerial decisions that led to failed outcomes.

What were the bad managerial decisions made that led to a failed outcome?

What is the critical issue in ERP implementation?

To benefit from an ERP solution, a significant amount of change must be carefully managed after an ERP implementation. Top management's commitment, process reengineering, the ERP's integration with other business information systems, the choice and management of consultants and employees, and employee training on the new system are crucial factors that must be carefully taken into account to ensure successful implementation.

Learn more about ERP Implementation: https://brainly.com/question/15690010

#SPJ4

If the firm wants to report a low gross profit figure in hopes of reducing their income tax liability, the firm would use the LIFO inventory valuation method.

A period of rising prices is known as an inflationary period. Gross profit is total revenue less the cost of goods sold. The gross profit reported can be low if the cost of goods sold is high.

An inventory method that would allocate a high cost of goods sold is the LIFO inventory method. LIFO is a short form of last in, first out. It means that the inventory purchased the latest are the first to be sold.

An example: assume that beginning inventory is 200 units at a price of $2. During the month 100 units were bought $10. At the end of the month 100 units have been sold. If the LIFO method is used, the cost of goods sold would be $10.

To learn more about LIFO, please check: https://brainly.com/question/13779572

#SPJ1

The long-term debt was disclosed as a current liability on the current year's December 31 balance sheet $4,096.

Given Data provided in the question:

                                          Current Year             Preceding Year

Total long term-debt           $27,917                       $26,557  

Current portion                      (4,096)                          (2,224)

Long-term debt                     $23,821                        $24,333

Now,

The long-term debt was disclosed as a current liability on the current year's December 31 balance sheet will be the amount equal to the current portion for the current year

Therefore, the answer is $4,096

A current liability is:

However, if a company's normal operating cycle is longer than one year, current liabilities are the obligations that will be due within the operating cycle.

Current liabilities are usually reported as a separate section of a company's balance sheet. This allows readers to subtract their total from the company's total amount of current assets in order to determine a company's working capital. (Dividing current assets by the current liabilities is the company's current ratio.)

Your question is incomplete, but most probably your full question was:

PepsiCo, Inc. (PEP) reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: December 31 Current Year Preceding Year Total long term-debt $27,917 $26,557 Current portion (4,096) (2,224) Long-term debt $23,821 $24,333 a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet.

Learn more about Current liabilities on:

brainly.com/question/17367380

#SPJ4

Even if it is making economic losses, a perfectly competitive firm should keep operating in short run so long as price is higher than average variable cost. A company operating in  perfect competition has no control over product's price. A company that stops producing, or closes down temporarily, will incur losses proportional to the fixed costs.

Because the firm's losses will be smaller in that scenario than the fixed costs, it will be prudent to continue functioning in near term when firm's total income surpasses firm's entire fixed expenses. Losses result when the market's price drops below average overall cost.

To learn more cost, click here

https://brainly.com/question/15135554

#SPJ4

The total dollar return is the sum of dividends and capital gains and losses.

A dividend is the returns paid investors, who have stake in a firm or an organization. It is normally paid to shareholders, who own shares in a company at the end of financial period.

In other words,

Learn more about dividend here: https://brainly.com/question/2960815

#SPJ1

NB

Please see complete question below.

The total dollar return is the sum of dividends and __________.

a) capital gains or losses

b) overall market fluctuations

c) percentage returns

d) government payouts

The company should record a loss on sale of $6,000.

What is asset book value?

Book value is the worth of the asset or the amount left undepreciated at a particular point in time.

This implies that if the cash received in respect of the asset is more than the book value, there would be gains, and when the cash is less, that would result in losses. But in this case, the latter situation applies as shown in the loss computation below:

Selling an asset whose worth is $19,500 for $13,500 means that the company has lost $6,000 as computed thus:

Loss on asset=sales proceeds-book value

loss on asset=$13,500-$19,500

loss on asset=-$6,000

In essence the second to the last option is correct.

Read more on asset disposal on:https://brainly.com/question/14542603

#SPJ1

Tenet of Existentialism is to believe that there is little meaning to existence God does not exist humanity is therefore alone in an irrational universe only significant action an individual can take is to accept responsibility for his or her own deeds.

Know more about Samuel Beckett and Eugene Lonesco with the help of the given link:

https://brainly.com/question/13246045

#SPJ4

Union security clause is the negotiated labor-management agreement that clarifies the terms and conditions.

This is the clause that is used in collective bargaining to enforce certain rules.

The clause has it that if an employee does not belong to a particular bargaining unit, then they can be excluded.

Read more on Unions here:

https://brainly.com/question/2650602

#SPJ1

Bill filed his 2021 tax return on March 15th, 2022. The statute of limitations for IRS assessment on Bill's 2021 tax return should end on April 15th, 2025

A tax return is a document filed with tax authorities that shows income, expenses, and other relevant financial information. Taxpayers calculate their tax liability, plan to pay their taxes, and request a refund of overpaid taxes when they file their taxes.

Taxpayers will get refunds at the end of the year if they withhold too much. If you are self-employed, you can get a tax refund if you exceed your estimated tax. You might think of this extra income as free money, but it's actually loaned to the IRS without charging interest. D.

Learn more about tax returns here

https://brainly.com/question/22036197

#SPJ4

A firm charging a price identical to or very close to the competitions price is using a status quo pricing strategy.

A status quo pricing strategy involves setting our product price equal to some benchmark over time. In other words, it can be that we match our competitions price. If a firm keeps their price the same over time and guarantee that it won't change, that's a status quo pricing strategy.

For instance, the soft drink industry. The price of a bottle of soda tends to be fairly consistent, be it a Coca-Cola or a Pepsi product. Other competitors in market with less brand loyalty, may try discounted pricing, but Coca-Cola and Pepsi tend to represent a status quo in pricing.

Hence, status quo pricing seeks to keep your product prices in line with  similar products offered by your competitions.

To learn more about status quo pricing here:

https://brainly.com/question/27994053

#SPJ4

The annual increase to Company F's net income is $18,000.

Solution-

When Company F refinances a 10% bond to 7% it realizes an annual interest savings of :

                         =3% x $1,000,000 = $30,000.

Company F will be required to pay additional taxes on this savings, so the after-tax impact to net income = $30,000 x (1 - tax rate)

                               net income = $30,000 x 60% = $18,000.

The current yield is not relevant to this question.

Net income is the profit after all of a company's expenses have been subtracted from revenues. It represents the earnings available to shareholders after all obligations (e.g. debt, payable to vendors, etc.) have been paid. EBITDA is a widely used proxy for operating cash flow as it reflects the company's total cash operating costs for producing its products and services. Gross Profit is defined as sales less cost of goods sold (COGS). Sales is the first line item on an income statement.

Hence, The annual increase to Company F's net income is $18,000.

Learn more about Net Income on:

brainly.com/question/11110287

#SPJ4

Saving money is a major priority for  Gen Xers , who are generally economical and look for value when making purchases.

Americans who are part of Generation X — ages 39 to 54 — should be focused on saving for their retirement. However, a recent survey conducted by Schwab Retirement Plan Services found that many people in this generation are behind on retirement savings while juggling debt payments and other living expenses.

Gen Xers prize self-sufficiency and are pragmatic. Gen Xers prices are self sufficient that they need no external aid and they are realistic.

The current living generations have been divided into the following six major groups:

where, Generation X Born between 1965 and 1980, Gen-Xers grew up with emerging technologies and political and institutional incompetence. They witnessed Watergate, Three Mile Island, and the Iranian hostage crisis.

But they also observed major technological advancements. Mimeograph machines evolved into high-speed copiers, and fax machines gave way to email. Heavy adding machines were replaced by handheld calculators, and computers shrank in size and processing speed.

Therefore, we can conclude that the correct option is A.

Your question is incomplete, but most probably your full question was:

Saving money is a major priority for _________, who are generally economical and look for value when making purchases

a. Gen Xers

b. Millennials

c. teens

d. tweens

Learn more about Gen Xers on:

brainly.com/question/13504432

#SPJ4

Growth stage in the product life cycle is characterized by rapid market acceptance and increasing profits.

A proper market strategy can take a good product in a growth stage using all of the marketing strategies. A product life cycle is characterized by sales and processing in various stages which are maturity, growth,decline and development.

Increasing profit in rapid market acceptance with slowing down the rigorous life cycle can help get a good in hand profit.

Demand begins to accelerate the moment and size of the market expands rapidly.  Product life cycle totally depends on economies of scale and production size.

To learn more about product life cycle here,

https://brainly.com/question/15177349

#SPJ1

A/B Test is a method of measuring the effectiveness of altering one characteristic of a marketing asset such as a web page, a banner advertisement, or an email.

More about A/B Test:

In data science an elementary randomised control experiment is A/B testing. It is a method for contrasting two variations of a variable to see which performs better in a regulated setting.

Let's say, for example, that you run a business and want to boost product sales. You could divide the products in the aforementioned scenario into A and B parts. Here, A won't change, but you can significantly alter B's packaging. You now attempt to determine which is performing better based on the responses from customer groups who used A and B, respectively.

It is a hypothetical testing procedure in data science used to make judgments about population parameters based on sample statistics.

Learn more about data science here:

https://brainly.com/question/21804624

#SPJ1

In data science A/B Test is a method of measuring the effectiveness of altering one characteristic of a marketing asset such as a web page, a banner advertisement, or an email.

More about A/B Test:

In data science an elementary randomised control experiment is A/B testing. It is a method for contrasting two variations of a variable to see which performs better in a regulated setting.

Let's say, for example, that you run a business and want to boost product sales. You could divide the products in the aforementioned scenario into A and B parts. Here, A won't change, but you can significantly alter B's packaging. You now attempt to determine which is performing better based on the responses from customer groups who used A and B, respectively.

It is a hypothetical testing procedure in data science used to make judgments about population parameters based on sample statistics.

Learn more about data science here:

https://brainly.com/question/21804624

#SPJ1

Neoclassical economists have a tendency to put more emphasis on long-term growth than on fighting recession because they believe that recessions will fade away in few years and long term growth will ultimately determine living standard.

It should be noted that recession, in economics is a downward trend in the business cycle that is characterized by a decline in production and employment, which in turn causes the incomes and spending of households to decline.

In this case, recessions result in higher unemployment, lower wages and incomes, and lost opportunities more generally. Furthermore, education, private capital investments, and economic opportunity are all likely to suffer in the current downturn, and the effects will be long-lived.

In this case, it should be noted that Neoclassical economists have a tendency to put more emphasis on long-term growth than on fighting recession because they believe that recessions will fade away in few years and long term growth will ultimately determine living standard.

Learn more about recession on:

brainly.com/question/1417711

#SPJ1

(A) Protect assets checked and, (C) Ensure reliable accounting checked.

Internal controls are the systems, guidelines, and practices that a business uses to guarantee the accuracy of its financial and accounting data, encourage accountability and thwart fraud.

Internal controls can help increase operational efficiency by enhancing the accuracy and timeliness of financial reporting, in addition to ensuring compliance with laws and regulations and preventing employees from embezzling money or committing fraud.

Which of these two types of internal controls are they?

Preventive and investigative efforts make up the bulk of internal controls. Thorough documentation and permission procedures are part of preventive control operations, which try to stop mistakes or fraud from happening in the first place. Detective controls are backup procedures that are intended to find things or events that the first line of protection has missed.

Learn more about an internal control system with the help of the given link:

brainly.com/question/6588119

#SPJ4

Correct question:

An internal control system is used to do all of the following: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

(A) Protect assets checked

(B) Prevent all losses checked

(C) Ensure reliable accounting checked

(D) Control the entire operation

In segmented capital markets, the cost of capital is essentially determined by the domestic systemic risk of a security.

In integrated capital markets, on the other hand, the cost of capital is determined by the global systemic risk of securities, regardless of nationality.

The capital market is a financial market that buys and sells long-term debt securities or stock-backed securities, as opposed to a money market that buys and sells short-term debt securities.

Examples of highly organized capital markets are the New York Stock Exchange, the US Stock Exchange, the London Stock Exchange, and NASDAQ. Instead of trading on an organized stock exchange, securities can also be traded "over-the-counter".

Learn more about capital markets here:https://brainly.com/question/17313958

#SPJ4

The cost of land would not include option(a) i.e, the Cost of parking lot lighting.

The asset valuation method that is used to value land that appears on a company's balance sheet is known by the financial accounting term cost of land. The price of the land would cover all costs incurred in purchasing the property as well as those incurred in getting it ready for usage by the business.

The price of the land might be calculated by adding the purchase price, the local government's appraisal of the property, deducting the cost of any existing structures, and title insurance premiums.

All expenses incurred to prepare the improvements for use are included in the cost of land improvements. For instance, the cost of the parking lot is just the agreed-upon fee when two businesses enter into a contract to build one on the other's property.

To know more about cost of land refer to: https://brainly.com/question/26383713

#SPJ4

To have the ability to sell off individual lots before paying off the entire balance due, the developer will need to obtain a blanket mortgage.

Therefore, to have the ability to sell off individual lots before paying off the entire balance due, the developer will need to obtain a blanket mortgage.

Know more about a blanket mortgage here:

https://brainly.com/question/14455197

#SPJ4

The inflation rate is the percentage change in the price level from one year to the next. Deflation is a situation in which the price level is falling and the inflation rate is negative.

Inflation is frequently measured in broad terms, such as the general rise in prices or the rise in the cost of living in a country. Inflation is the gradual loss of purchasing power caused by price increases. Overall reduction in level of prices for goods and services is known as deflation. The nominal costs of capital, labor, goods, and services decrease as a result of deflation.

To learn more about inflation, click here

https://brainly.com/question/15692461

#SPJ1

Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it reaches broad and diverse groups; allows them to connect directly with customers; allows them to reach specific groups more directly

Social media is a collective term for websites and applications focused on communication, community-based input, interaction, content sharing, and collaboration. People use social media to stay in touch and interact with friends, family, and diverse communities

Engage with your audience and drive website traffic. However, there can also be downsides, such as resources needed and negative feedback.

Learn more about social media here

https://brainly.com/question/3653791

#SPJ4

If  the firm must have had reasonable grounds to believe the registration was true and complete, based on a prudent man standard, the point in time is the effective date.

Broker dealer can be defined as someone who deals in trading business by selling and buying of Stocks, bonds etc.

The effective date is the date the firm can tend  to believe the registration was true and complete, based on a prudent man standard based on the fact that effective date is the date in which the event take effect.

Learn more about Broker dealer here:https://brainly.com/question/14337937

#SPJ1

The company's WACC will be 10.87% which is option A.

WACC stands for Weighted average cost of capital.

WACC is calculated by multiplying the cost of each capital source (debt and equity) by its relevant weight by market value, and then adding the products together to determine the total. The cost of equity can be found using the capital asset pricing model (CAPM).

A company's debt-to-capital ratio or D/C ratio is the ratio of its total debt to its total capital, its debt and equity combined. The ratio measures a company's capital structure,

Formula For Calculation of WACC :-

WACC Formula = (E/V * Ke) + (D/V) * Kd * (1 – Tax rate)

E = Market Value of Equity.

V = Total market value of equity & debt.

Ke = Cost of Equity.

D = Market Value of Debt.

Kd = Cost of Debt.

Tax Rate = Corporate Tax Rate.

To know more about Weighted average cost of capital, click the given links.

https://brainly.com/question/8287701

https://brainly.com/question/20815933

#SPJ4

Correct Question - A company has a debt-to-capitalization ratio of 31.8%. Its pre-tax cost of debt is 7.4%. It has an unlevered beta of 1.05, a levered beta of 1.37 and a marginal tax rate of 35%. The risk free rate is 5.2% and the market risk premium is 6.2%. What is the company's WACC?

A) 10.87%

B) 13.70%

C) 11.69%

D) 9.55%

According to interdependency theory, the net profit or loss a person encounters in a particular interaction is known as the outcomes. reward cost satisfaction outcome

Social exchange theory also called the interdependency theory. Human psychology has a direct relation with interdependency.

Interdependency theory views relationship within people and the individual self which lay emphasis on one's behaviour and emotions.

This makes theory both psychological with human element presenting the concept of interdependency.

To learn more about interdependency theory here https://brainly.com/question/28102767

#SPJ4

Based on marginal​ analysis, what is the​ profit-maximizing rate of output for the pizza​ shop? 9 pizzas.

In order to get the number of pizza that has to be produced, we have to check the table.

This firm has to continue in its production until it is able to increase its output by one extra unit.

This would be the point where the cost of production is the same as the revenue that would be gotten from the extra unit.

The point of interest that we have to focus on is the point where marginal revenue is equal to marginal cost.

MR = MC

The table below represents the hourly output and cost structure for a local pizza shop. The market is perfectly​ competitive, and the market price of a pizza in the area is

​$12.

Total costs include all implicit opportunity costs. Calculate the pizza​ shop's marginal cost and marginal revenue at each rate of output and fill in the values in the table.

(Marginal revenue is the change in revenue divided by the change in output. For a perfectly competitive firm the marginal revenue is equal to the price. Marginal cost is the change in cost divided by the change in output.)

Based on marginal​ analysis, what is the​ profit-maximizing rate of output for the pizza​ shop? _______ pizzas.

Read more on marginal revenue here:

https://brainly.com/question/10822075

#SPJ1

Sue has contracted with Rick to do a landscaping project on her property when she sells the whole property to Sylvia. Sylvia decides she will continue to have Rick do the landscaping project. The parties now need a novation.

A Novation agreement is to transfer the rights and obligations of one celebration underneath an agreement to any other birthday celebration with one of the events in the settlement closing the identical.

Novation, in settlement regulation and business regulation, is the act of converting a duty to perform with each other responsibility; including an obligation to perform; or changing a party to an agreement with a modern-day celebration.

A valid novation agreement calls for the following: Assumption of agreement responsibilities. The modern proprietor has to expect all responsibilities beneath the settlement. Waiver of right compensation.

Learn more about the agreement here https://brainly.com/question/27301985

#SPJ1