Highest ratio of sales revenue to property

Assignment Help Financial Accounting
Reference no: EM13863673

Which of the following industries would most likely have the highest ratio of sales revenue to property, plant and equipment?

1) Airline

2) Consumer product manufacturing company

3) Electric utility

4) Stock brokerage

Reference no: EM13863673

Questions Cloud

Effect on the companys overall net operating income : The management of Austin Corporation is considering dropping product R97C. What would be the effect on the company's overall net operating income if product R97C were dropped?
Cash collected from customers : ABC reported sales of $300,000, write-offs of uncollectible accounts of $10,000 against the allowance for doubtful accounts, and a decrease in net accounts receivable of $40,000 during 2014. What would be ABC's cash collected from customers during 20..
Prepare the journal entry the company made it redeemed : Effective April 1, 2004, The Bloomington Corporation, which has a December 31st year-end, authorized $1,500,000 of callable, mortgage bonds(secured by $2,200,000 of property and equipment, at market value). Prepare the journal entries related to the ..
What is her margin of safety in units : Emma Jones contracted with the publisher of a GMAT test preparation manual package to sell the review materials at college fairs. She can purchase the book from the wholesaler at $83 per package, with the privilege of returning all unsold packages an..
Highest ratio of sales revenue to property : Which of the following industries would most likely have the highest ratio of sales revenue to property, plant and equipment?
Company in manhattan still keeps to the traditional mailing : A company in Manhattan still keeps to the traditional mailing approaches even though the nature of their business strictly involves confidential documents that need to be sent to clients. Tell this Manhattan company why you think their messages can b..
What is the new break even quantity : Emma Jones contracted with the publisher of a GMAT test preparation manual package to sell the review materials at college fairs. She can purchase the book from the wholesaler at $71 per package, with the privilege of returning all unsold packages an..
What is the gross profit on its sale : The production of one unit of Product B used $17.50 of direct materials and $21.00 of direct labor. The unit sold for $56.00 and was assigned overhead at a rate of 30% of labor costs. What is the gross profit on its sale?
Affected by the choice of depreciation methods : Which of the following measurements would not be affected by the choice of depreciation methods?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Review the american institute of cpas

Review the American Institute of CPAs (AICPA) Web site to determine the purpose, structure, and format of the Uniform CPA Examination, as well as the organizations involved in delivering the examination on an ongoing basis.

  Largest expense on a retailer''s income statement

Multiple choice questions on accounts receivables and bad debts - largest expense on a retailer's income statement

  Brief report advising management on the relative merits

Each project requires an investment of $480,000. A rate of 15% has been selected for the net present value analysis and prepare a brief report advising management on the relative merits of each project.

  Classify leases as capital leases or operating leases

Identify the criteria used per GAAP to classify leases as capital leases or operating leases and explain the accounting for both the lessee and lessor for each This is for Intermediate Accounting 2.

  Prepare a schedule of expected cash collections

Prepare a schedule of expected cash collections for September and prepare a schedule of expected cash disbursements during September for inventory purchases.

  Prepare a depreciation schedule

Prepare a depreciation schedule: Z Company’s fiscal year starts July 1st and ends June 30th. The company purchased a new machine which was installed and operational at the beginning of the second quarter in October. What factors should Z Company cons..

  Fishbone corporation sold equipment to lost company

On January 1, 2014, Fishbone Corporation sold equipment to Lost Company that cost $250,000 and that had accumulated depreciation of $100,000 on the date of sale.  Record the 1/1/14 transaction for Fishbone and all necessary entries from 2014-2016. Re..

  How much total overhead would be budgeted

If the company prepared a budget for 10,000 machine hours, how much total overhead would be budgeted?

  Capital gains and losses for year

Capital loss carryover - corporation. ABC Corporation has the following capital gains and losses for year 2013. LTCG = $10,000 and STCL = $12,000. How much of the capital loss can be deducted in the year 2013? Report the amount that can be deducted. ..

  Prepare the adjusting entries for the month of june

Invoices representing $1,005 of services performed during the month have not been recorded as of June 30. Prepare the adjusting entries for the month of June.

  Variable and fixed manufacturing overhead

Blossom, Inc., is a small company that manufactures three versions of patio tables. Unit information for its products follows: Fixed manufacturing overhead. Suppose that direct labor hours has been identified as the bottleneck resource. Determine how..

  What is the number of orders the company expects to receive

Tee Times, Inc. produces and sells the finest quality golf clubs in all of Moore County. The company has priced its Pinehurst No. 2 Series golf clubs at $600 per set. Normally, an order consists of one set of clubs. What is the number of orders the c..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd