Explain how to calculate total asset turnover

Assignment Help Financial Management
Reference no: EM132321921

Question

On April 1, Year 5 a company discarded a machine that had cost $10,000 and had accumulated depreciation of $8,000 as of December 31, Year 4. The asset had a 5-year life and no salvage value. Prepare the journal entries to record the updating of the depreciation expense and discarding of this asset in Year 5.

Explain how to calculate total asset turnover. Describe what it reveals about a company's financial condition, whether a higher or lower ratio is desirable, and how it is best applied for comparative purposes.

Reference no: EM132321921

Questions Cloud

Write an argumentative research paper on a managed care : Write an argumentative research paper on a managed care-related topic, assumption or myth; thoroughly explaining what it is, why it's important.
What is the blood-brain barrier : How do the meninges and cerebrospinal fluid (CSF) function together in a healthy nervous system; what are their roles?
Determine the amount of depreciation expense for the years : Determine the amount of depreciation expense for the years ended: December 31, year one, year two, your three, and year four.
Receptor producing a chemotactic response : A wild-type organism and a genetic variant both have a gene encoding a receptor producing a chemotactic response to metabolite A.
Explain how to calculate total asset turnover : Explain how to calculate total asset turnover. Describe what it reveals about a company's financial condition, whether a higher or lower ratio is desirable.
Develop interventions to address issues and problems : The purpose of this assignment is to broaden your understanding of a community, develop analytical skills regarding communities in relation to specific.
Comment on the cell wall structure of streptococcus : Comment on the cell wall structure of streptococcus pyogenes and its gram stain reaction. Also comment on how the cell wall composition makes
How is delinquency measured : Create a 6-slide (including title and reference page) Microsoft PowerPoint presentation with speaker notes in each slide about how the juvenile justice system.
Describe the structure of a viral particle : 1. Describe the structure of a viral particle. 2. Why can't viruses be classified above the family/order level?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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