Computing asset related ratios dicks sporting goods included the following information in its year-end 2015 10-k sales $6,882,077 ppe, gross 2,598,648 land construction in progress 124,400 accumulated depreciation 1,317,429 ppe, net, at year-end 2014 1,203,382 depreciation expense 193,594 a. compute ppe turnover. round answer to one decimal place. answer 0 b. compute the average useful life. round answer to one decimal place. answer 0 years c. compute the percentage used up of the ppe. round answer to one decimal place (ex: 0.2345 = 23.5%) answer 0 %

Which of the following explains why the government sets a required reserve ratio for private banks? a. to allow the government to control the interest rate charged on loans. b. to prevent banks from printing too much money and causing inflation. c. to make sure banks don't run out of money when customers make withdrawals. d. to enable the regulation of risk levels in the decision process of offering loans. 2b2t

Maria am corporation uses the weighted-average method in its process costing system. the baking department is one of the processing departments in its strudel manufacturing facility. in june in the baking department, the cost of beginning work in process inventory was $4,880, the cost of ending work in process inventory was $1,150, and the cost added to production was $25,200. required: prepare a cost reconciliation report for the baking department for june.

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is