Company X Has Net Sales Revenue of $1,250,000,cost of Goods

question 96

Multiple Choice

Company X has net sales revenue of $1,250,000,cost of goods sold of $760,000,and all other expenses of $290,000.The beginning balance of shareholders' equity is $400,000 and the beginning balance of fixed assets is $361,000.The ending balance of shareholders' equity is $600,000 and the ending balance of fixed assets is $389,000.What is the fixed asset turnover ratio?

• A)0.53
• B)2.50
• C)3.33
• D)0.80

Comprehend the reasons corporations issue bonds and the advantages of bond investments for corporations.

Understand the origins and key findings of the Hawthorne studies.

Recognize the Hawthorne effect and its implications for management.

Identify diverse theories of motivation in the workplace, including Maslow's hierarchy of needs.

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Definitions:

Machine-hours

A measure of production time, calculated by the number of hours a machine is operated in the production of goods.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products, based on a planned level of activity.

Direct Labor-hours

The sum of hours logged by workers directly engaged in creating products.

Manufacturing Overhead

Manufacturing overhead encompasses all costs of manufacturing beyond direct materials and direct labor, including expenses like factory equipment depreciation and quality control.