If it is not possible to increase capacity, then ______.
a. the master schedule needs to be revised
b. marketing efforts need to be reduced
c. prices have to be increased (so less product will be demanded)
d. a new facility will have to be built to meet the demand
a. the master schedule needs to be revised
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The balance sheets of Integrated Systems reports total assets of $890,000 and $950,000 at the beginning and end of the year, respectively. Sales revenues are $1.6 million, net income is $185,000, and net cash flows from operating activities are $155,000. Calculate the cash return on assets, cash flow to sales, and asset turnover for Integrated Systems.
What will be an ideal response?
In 2019, Brittany, who is single, cares for her father, Raymond. Brittany pays the bills relating to Raymond's home. She also buys groceries and provides the rest of his support. Raymond has no gross income. Brittany received $45,000 of salary from her employer during the year. Brittany reports $3,000 of itemized deductions. What is Brittany's taxable income?
What will be an ideal response?