A firm with a total asset turnover lower than industry standard may have ________
A) excessive debt
B) excessive interest costs
C) insufficient sales
D) insufficient fixed assets
C
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The following budget information is available for Crescent Company for January Year 2: Sales$800,000 Cost of goods sold 540,000 Utilities expense 2,500 Administrative salaries 100,000 Sales commissions 5% of SalesAdvertising 20,000 Depreciation on store equipment 50,000 Rent on administration building 60,000 Miscellaneous administrative expenses 10,000 Percentage of sales on credit 80% All operating expenses are paid in cash in the month incurred. The amount of expected cash outflow for selling and administrative expenses would be:
A. $232,500. B. $247,500. C. $312,500. D. $262,500.
Which phrase is not a type of wiki?
a. Shared content b. Private enterprise c. Personal d. General public
Which of the following is true of the Health Care Reform Act?
A) Excise taxes for pharmaceuticals are reduced. B) Employers of big corporations are given subsidies for providing health insurance to their employees. C) All employers are mandatorily required to provide health insurance coverage to their employees. D) Persons who do not obtain coverage will be required to pay a tax penalty to the federal government.
Which of the following depreciation methods allocates a varying amount of depreciation each year based on an asset's usage?
A) the straight-line method B) the annuity method C) the units-of-production method D) the double-declining-balance method