Analyzing Fixed Assets Pitt reported the following information for Year 1 and Year 2: Year 1 Year 2
Property, plant, and equipment, cost $550,000 $550,000
Accumulated depreciation 170,000 220,000
Net sales 4,600,000
Depreciation expense 50,000
Required: Compute Pitt's fixed asset turnover ratio and the average age of its fixed assets. Round your answers to two decimal places.
Fixed asset turnover times
Average age of fixed assets years

Suppose that: 1. malaysia requires 1 hour of labor to produce 1 pound of rice and 2 hours of labor to produce 1 pencil; 2. indonesia requires 2 hours of labor to produce 1 pound of rice and 4 hours of labor to produce 1 pencil; 3. each country has 10,000 hours of labor to allocate between the production of rice and pencils; and 4. in autarky, malaysia consumes 5,000 pounds of rice and 2,500 pencils. which country has an absolute advantage in rice production? in pencil production? which country has a comparative advantage in rice production? in pencil production? will trade between the two countries be mutually beneficial?

Which two of the following are benefits of consumer programs

When the national economy goes from bad to better, market research shows changes in the sales at various types of restaurants. projected 2011 sales at quick-service restaurants are $164.8 billion, which was 3% better than in 2010. projected 2011 sales at full-service restaurants are $184.2 billion, which was 1.2% better than in 2010. how will the dollar growth in quick-service restaurants sales compared to the dollar growth for full-service places?