Carson Inc Carson Inc had the following information available at the end of its current year: Sales $2,000,000 Net operating income 500,000 Average operating assets 1,200,000 Refer to the Carson Inc information above. What was Carson's asset turnover for the year?
A) 2.400
B) 0.417
C) 0.250
D) 1.667
D
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LNG is a large multinational appliance manufacturer. The company gets raw materials from many vendors. In this case, LNG is characterized by ________.
A. very low threat of substitute products B. high bargaining power over its suppliers C. very low threat of new entrants in the market D. low bargaining power over its suppliers E. very high bargaining power over its customers
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Tempest Enterprises began operations on January 1, 20x1, with all of its activities conducted from a single facility. The company's accountant concluded that the year's building depreciation should be allocated as follows: selling activities, 20%; administrative activities, 35%; and manufacturing activities, 45%. If Tempest sold 40% of 20x1 production during that year, what percentage of the depreciation would appear (either directly or indirectly) on the 20x1 income statement?
A. 45%. B. 73%. C. 27%. D. 100%. E. 55%.