How long on average does it take firm to collect on it sales
The Manana Corporation had sales of $60 million this year. Its accounts receivable balance averaged $2 million. How long, on average, does it take the firm to collect on its sales?
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The balance sheet of the Delta Corporation shows a capital structure as follows: Its rate of return before interest and taxes on its assets of $1 million is 20 percent. The value of each share (whether market or book value) is $30. The firm is in t
Central Furniture Company recently announced plans to expand its production capacity by building and equipping two new factories to operate in parallel with existing production facilities.
On December 31, 20X4, Arco Company had 5,000 shares of $10 par value, 15 percent, cumulative preferred stock outstanding. Dividends are in arrears for 3 years.
The quarterly dividend on 11.5 percent cumulativepreferred,$70stated value, $72 liquidating value, 40,000 sharesauthorized,30,000shares issued and outstanding. Nodividendsinarrears.
On March15,2011,Birkshire Energy obtained a nine-month working capital loan from the First National Bank of Oglesby. The face amount ofthe note signed by the treasurer was $300,000.
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Is the sales quantity variance for the basic model favorable or unfavorable?What is the sales activity variance for the basic model?
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