Which of the following could affect(s) the fixed asset turnover ratio?
a. Firms often invest in fixed assets several periods before these assets generate sales from products manufactured in their plants or sold in their stores.
b. A low or decreasing rate of fixed asset turnover may indicate expanding firms preparing for future growth.
c. Firms anticipating a decline in product sales could cut back expenditures on fixed assets and increase the fixed asset turnover ratio.
d. All of the above.
e. None of the above.
D
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Prospective adjustments are expected to
A) impact financial statements of only previous years. B) impact financial statements of previous years and current years as if the accounting principle had always been used. C) produce no impact on the financial statements of previous years. D) impact the financial statements of the current year only.
According to ______, all organizations are unique, and subject to internal and external environmental influences that can affect their efficiency.
A. chaos theory B. open systems theory C. network theory D. closed system theory
Social security and Medicare taxes are borne entirely by the employer
Indicate whether the statement is true or false
In the listening model, interpreting is the act of:
A. filtering out distractions to allow you to comprehend the meaning of sounds. B. using retained and analyzed sounds. C. remembering analyzed sounds for later use. D. analyzing the sounds that you comprehended.