Determining company annual sales and its dso
A company had a quick ratio of 1.4, a current ratio of 3.0, an inventory turnover of 6 times, total current assets of $810 000, and cash and marketable securities of $120 000. What were company's annual sales and its DSO? Assume 365-day year.
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This was no one's fault. The order came in the right after the first of the year, lowering your planned revenue numbers and the bonuses of your very deserving employees. It doesn't seem fair. What should you do?
(a.) Prepare the journal entry to record cost of goods sold. (b.) Set up a T-account for inventory and post the cost of goods sold entry for part (a.) to this account.
What are the cost and profitability implications to a company with substantial production investment when the results of development are used by other companies who did not bear the burden of those production costs? What are the ethical implicatio
They expect their cost of debt to be 8% and their cost of equity to be 11% under this new capital structure. The tax rate is 40%. Given the new cost of debt, what should be the new price of the bond?
The trial balance of Geronimo Company, shown on the next page, does not balance. Your review of the ledger reveals the following: (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Ta
Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000 units. How much will operating income change if sales increase by 5,000 units?
Given a deposit expansion model in which the required reserve ratio is 12.5%, a $100,000 purchase of government securities by the Federal Reserve will result in a maximum increase (decrease) in the money supply of
Evaluate the impact of globalization on investment activities in the United States. Describe how financial intermediaries affect the availability of financing for corporations? Determine the impact you think the Internet will have on the activitie
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