The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45. The reporting statement of a company is shown. A table with four columns is shown. The first column has no heading; the second columns heading is 20Y3; the third column heading is 20Y2; the third column heading is 20Y1. The headings, 20Y3, 20Y2 and 20Y1 are set in bold. The transactions listed are as follows: Accounts receivable, end of year is $ 725,000; $ 650,000 and $ 600,000; account are 5,637,500 and 4,687,500. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables. Round to the nearest dollar and one decimal place. Answer Check Figure: Accounts receivable turnover, 20Y3, 8.2 Pencil What conclusions can be drawn from these data concerning accounts receivable and credit policies

Answers

Answer 1

Answer: For 20Y3 --8.2 times, 44.5 days

For 20Y2----7.5 times 48.7 days

Explanation:  

                                                        20Y3                 20Y2     20Y1

Accounts receivable, end of years $ 725,000; $ 650,000 $ 600,000'

  Sales on account                           5,637,500  4,687,500

For 20Y3 --

Accounts receivable turnover = Net credit Sales / Average Account receivable

Net Credit sales= $5,637,500

Average Account receivable

=(End of years of yr2 and 3)/ 2=($ 725,000 +$ 650,000) /2 = $1.375,000/2= $687, 500

Accounts receivable turnover = $5,637,500/ $687,500=8.2 times

Number of days sales in receivables = 365 days / Accounts receivable turnover

 = 365/8.2 = 44.5 days

For 20Y2

Accounts receivable turnover = Net credit Sales / Average Account receivable

Net Credit sales= $4,687,500

Average Account receivable

=(End of years of yr2 and 1)/2 = ($ 650,000 + $ 600,000') /2 = $/2= $625,000

Accounts receivable turnover = $4,687,500/ $625,000=7.5 times

Number of days sales in receivables = 365 days / Accounts receivable turnover

 = 365/7.5=  48.7 days

b. Accounts receivable in cash owed by clients to a company from the invoices the company sent to them

Also, Credit policy is a requirement that establishes the payment terms of a company to its clients so as to eliminate the risk of loss. The credit policy differs  and from company and comprises of the payment terms( the duration of time) or credit period, collections, discounts and operational standard

---->The relationship between  credit policy and account receivables is that  is that when a company  establishes that  payment terms  are increased and  on credit, the accounts receivables increases reducing a company''s finance. A company that establishes a decrease in the  credit period duration will have a reduced account receivable providing fast financial returns to the company.

From the results obtained from 20Y3 and 20Y2, We will see that

Particulars    20Y3           20Y2                   Remark  

Aturnover ratio 8.2times 7.5 times  Increase by 0.7 times

Number of days sales

in receiviable  44.5 days   48.7days Decrease by 4.2 days

In year 20Y3, THE  higher ratio of accounts receivable turnover shows that cash for sales will more likely to be collected than a 20Y2 with a lower ratio  of accounts receivable turnover.


Related Questions

Jonas mascariñas starts a repair shop business in davao city, at the beginning of the period his capital P350,000 which is equalled to his investment. At the end of the period, his capital P450,000 which 60% total assets. How much represents the total claims from the outside creditors?

Answers

Total claims from outside suppliers is 180,000.

= Total assets - Owners equity

= 450000 - (450000×60%)

= 450000 - 270000

= 180000

What is investment?

An investment is essentially an asset  created with the purpose of allowing money to grow. The wealth you create can be used for a variety of purposes, such as covering income, saving  for retirement, or meeting certain obligations, such as repaying loans, paying tuition, or purchasing other assets.

Understanding the definition of investment  is crucial because sometimes it can be difficult to choose the right tools to achieve your financial goals. If you know how important investing is in your  financial situation, you can make the right choices.

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What are some strategies that you can use to prepare to file taxes each year? What would be the benefits of these strategies?

Answers

Answer:

Single: this includes never-married, divorced, or legally separated persons who do not have any dependents during the tax year.

Married, Filing Jointly: this includes married individuals (with or without dependents) who combine their income on one tax return.

Married, Filing Separately: this includes married individuals (with or without dependents) who each file a separate tax return on only their own income.

Head of Household: this includes a single individual who maintains a household for one or more dependents (paying more than half of their support).

Qualifying Widow(er): this includes individuals whose spouse has died within the past two years and the individual is supporting at least one dependent.

Explanation:

Prepare your taxes on your own: If you have a simple return or some degree of tax knowledge, this may be a great option, as it can save you the cost of having someone else prepare them. Tax forms are available online and in locations such as libraries and post offices; however, it’s worth remembering it is a complicated process, and if you are not experienced with it, there may be a considerable learning curve and chance of error.

Prepare your taxes with the help of an electronic tax program: If you want to prepare your own taxes but need or want more guidance, there are a number of tax software programs available today to help you. By purchasing the right software or using an online site to prepare the forms, the process can be made much easier, guiding you through the areas of returns and deductions. These options may be less expensive than hiring a professional, and they do provide a lot more guidance. Online tax preparation sites also offer easy electronic filing, which can speed up any refunds you are owed. Just remember, even the best software may not identify all of the deductions or credits for which you may be eligible, and you may still have lingering questions.

Hire someone to prepare your taxes: Over 85 percent of people in the United States use a professional service every year. Depending on who you choose, this service can cost anywhere from $50 to $2,000 or more for extremely complicated returns. There are a few benefits to utilizing a professional preparation service, one being an expert is likely to be more up-to-date on tax laws and any deductions you might deserve. However, you are still responsible for supplying the tax professional with accurate information, and tax preparation services that offer “refund anticipation loans” often charge high interest rates on these credits.

1. Which of the following is not a renewable resource?
a. Energy resources
b. Fossil Fuel
c. Natural gas

Answers

Answer:

fossil fuels

Explanation:

Although fossil fuels are continually formed by natural processes, they are generally classified as non-renewable resources because they take millions of years to form and known viable reserves are being depleted much faster than new ones are generated.

Answer:

B.

Fossil Fuel

Explanation:

Energy resources

Energy (such as ethanol), hydropower, geothermal power, wind energy, and solar energy. Biomass refers to organic material from plants or animals. This includes wood, sewage, and ethanol (which comes from corn or other plants).

Fossil Fuel

Energy sources, including oil, coal, and natural gas, are non-renewable resources that formed when prehistoric plants and animals died and were gradually buried by layers of rock. Over the past 20 years, nearly three-fourths of human-caused emissions came from the burning of fossil fuels.

Natural gas

It's considered renewable because of how easy it is to make, especially compared to nonrenewable energy sources like fossil fuels. As long as you have livestock matter or landfill materials, you can make more biomethane.

At www.daveramsey.com’s Financial Peace University (FPU), Dave recommends Seven Baby Steps. One of these steps is “Pay off debt using the debt snowball.” After graduating from FPU, Courtney Lopez-Munoz is trying to calculate the effective interest rate she is paying for a $1,789 simple discount note at 5.25% for 15 months. What rate has she been paying?

Answers

The effective interest rate Courtney Lopez-Munoz has been paying for the $1,789 simple discount note at 5.25% for 15 months is 6.62%.

What is effective interest rate ?

Generally, The effective interest rate is the rate of interest that is actually earned or paid on a loan, investment or deposit after taking into account compounding.

It is used to compare different investments or loans that have different interest rates and compounding periods.

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Philosopher T.M. Scanlon makes four points about why we should be concerned with economic inequality. What did you think of his arguments? Are there any you find convincing? Explain your position.

Answers

Answer : yes , i find the following scriptures by philosopher convincing:

T.M. Scanlon, a philosopher, has made several points about why we should be concerned with economic inequality.

Fairness and Desert: Scanlon argues that economic inequality is a concern because it can violate principles of fairness and desert. He suggests that individuals should be rewarded based on their contributions and efforts rather than arbitrary factors like birth circumstances. This perspective implies that extreme economic disparities can undermine fairness in society.

Democratic Equality: Scanlon contends that economic inequality can undermine democratic equality by allowing the wealthy to exert undue influence over political decisions, potentially distorting democratic processes. This argument highlights the potential threat to the principle of political equality when wealth disparities are significant.

Social and Economic Power: Scanlon argues that economic inequality can lead to the concentration of social and economic power in the hands of a few, creating disparities in opportunities and social mobility. This perspective suggests that unequal distribution of resources can limit equal access to education, healthcare, and other important social goods.

Social Cohesion and Shared Identity: Scanlon posits that extreme economic inequality can erode social cohesion and undermine the sense of shared identity within a society. When there is a significant gap between the rich and the poor, it can lead to social divisions, conflicts, and a sense of alienation among different groups.

The persuasiveness of these arguments may vary depending on an individual's beliefs, values, and political ideology. Some may find Scanlon's points compelling, as they highlight the potential negative consequences of economic inequality on fairness, democracy, social mobility, and societal cohesion. Others may have different perspectives, emphasizing the importance of individual freedom, market dynamics, and the potential benefits of incentives provided by economic inequality.

It's crucial to engage in thoughtful discussions and consider multiple viewpoints to foster a comprehensive understanding of the complex issue of economic inequality.

Make a list of the skills that would be important for someone pursuing a career in each cluster in your unit. Then compare to see if any of these skills show up in more than one career cluster. Which skill do you think is the most important for each? Explain your reason.

Answers

Answer:

The career clusters in this unit are Architecture & Construction, Manufacturing, and Transportation & Logistics. The skills for Architecture and construction that would be helpful are creativity, teamwork, leadership, and communication skills. Skills helpful for Manufacturing are Coding, Programming, Teamwork, and digital flexibility, as well as digital fluency. Skills helpful for Transportation and Logistics are Numerical and Analytical Skills, Adaptability, and Foward Thinking.  The most important skill for Architecture and Construction is communication skills, This is because when your working on a project you need to display your ideas and actions to the team to stay in sync so nothing gets out of hand or unorganized, especially if you're a manager. The most important skill for Manufacturing is digital flexibility, this is because things are changing every day, especially in technology, so you need to be flexible with the changes so not only you but your work can adapt to new changes. For transportation and logistics, the most important skill is teamwork, mostly because in all jobs in this cluster you will be assigned a team, and you really need to have this skill, so you can work well with others solve problems and make new things. Notice how almost every cluster requires teamwork?

Explanation:

I hope this helps, and if this question is in edmentum in career exploration, thats what im takeing too, hope that makes you feel more comfortable with this answer.

To identify the important skills for each career cluster, it would be helpful to review the specific clusters mentioned in your unit.

1. Identify career clusters: Determine the different career clusters mentioned in your unit. For example, they could include healthcare, business, technology, education, or creative arts.

2. List skills for each cluster: Consider the skills that are important for success in each career cluster. These skills could include technical skills, problem-solving abilities, communication skills, creativity, leadership, organization, or teamwork.

3. Compare skills across clusters: Look for skills that appear in more than one career cluster. For example, communication skills might be important in both business and education. Technical skills might be relevant in both technology and healthcare.

4. Determine the most important skill for each cluster: Assess the skills you have identified and consider which one is most crucial for success in each career cluster. For example, in the business cluster, strong leadership skills might be the most important, while in the healthcare cluster, technical expertise or empathy might be prioritized.

It's important to note that the specific skills and their importance may vary depending on the individual careers within each cluster. To determine the most important skill for each career cluster, you should consider the specific demands and requirements of each profession.

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You are developing the project charter for a new project. Which of the following
is NOT part of the enterprise environmental factors?

A) Lessons learned from previous projects
B) The work authorization system
C) Government and industry standards that affect your project
D) Knowledge of which departments in your company typically work on projects

Answers

Answer: A) Lessons learned from previous projects

Explanation:

Enterprise Environmental Factors (EEF) refers to all environmental factors that have a say in whether a project is successful or not. They include both internal factors such as company infrastructure, knowledge and capability (departments with the knowledge on project design and implementation) and internal project authorization systems as well as external factors such as Government standards and market conditions.  

Lessons learned from previous projects, while important, are not included in this list and are not Enterprise Environmental Factors.

Living Spaces Inc. has an furniture manufacturing facility in the North Carolina area. The company specializes in manufacturing collapsible furniture for countries where consumers have less living space. Living Spaces Inc. participates in the global market through
a.
exporting.
b.
contract manufacturing.
c.
joint venture.
d.
franchising.
e.
importing.


A company in India recently agreed to trade coal to an American importer in return for American-made cars. This arrangement is an example of
a.
a letter of credit arrangement.
b.
arbitrage.
c.
strategic alliance.
d.
barter.
e.
a nontariff trade.

Answers

-Living Spaces Inc. participates in the global market through exporting.

Export is a concept in international trade that means the sale of goods or services to other countries.  Currently, the import of any goods or services, carried out legally from one country or state to another, is one of the most common types of activities in the trade. That is why, along with exports, imports are the basis of international economic relations.

-A company in India recently agreed to trade coal to an American importer in return for American-made cars. This arrangement is an example of barter.

Barter is trade that consists of exchanging real goods for other real goods. The exchange takes place if both parties consider a higher value in each other's real goods. Barter gradually turned into money trading, when there began to be commodities that had known value and were easy to exchange.

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i need help asap ! thank you :)

i need help asap ! thank you :)
i need help asap ! thank you :)
i need help asap ! thank you :)
i need help asap ! thank you :)

Answers

Answer:

I purchased your Apple Cinnamon body wash about a month ago, and I recieved a Plum Raisin. I've come to know that you are no longer selling the Apple Cinnamon scent, and that is the only kind that I would like to have purchased, so I am looking to get a refund for the body wash you sent me. I know that you have a 90-day return policy, but only if the bottle is unopened, and I am asking you to make an exception for my purchase because the label gave me false information. You have labeled the bottle Apple Cinnamon, which is not only misleading, but an outright lie because the actual scent of the body wash was Plum Raisin. Even though you might say that the bottle was opened and I can't get a refund for that, I think that it is unfair of you to expect me to be satisfied with a body wash of the wrong scent. You didn't even think to contact me when you took Apple Cinnamon off your listing when I had ordered it, and you took a further step by hiding the label, I know that it is only acceptable if I get my money back for this product.

Thank you,

(Your name)

Explanation:

If a savings account has a nominal interest rate of 2% and compounds quarterly, what is the effective annual interest rate?

Answers

Answer:

To calculate the effective annual interest rate (EAR) from a nominal interest rate with quarterly compounding, you can use the following formula:

EAR = (1 + (r/n))^n - 1

Where:

r is the nominal interest rate (expressed as a decimal), which is 2% in this case (0.02).

n is the number of compounding periods per year, which is 4 (quarterly compounding).

Plugging in the values, we have:

EAR = (1 + (0.02/4)) - 1

= (1 + 0.005) ⁴- 1

= (1.005) 1

≈ 0.0202

Therefore, the effective annual interest rate for a savings account with a nominal interest rate of 2% and quarterly compounding is approximately 2.02%.

The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.

Answers

Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.

Following are the emerging issues in organization design and architecture:

Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.

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What is the purpose of horizontal communication?

Answers

Answer:

Built for communication across roles instead of from top down.

Explanation:

To promote coordination and cooperation among employees with a similar rank, position, or status in the company.

Delta Insurance Company has a surplus-share treaty with Eversafe Reinsurance. Delta has a retention limit of $200,000, and nine lines of insurance are ceded to Eversafe. How much will Eversafe pay if a $1,600,000 building insured by Delta suffers an 40 precent loss? 1. A) $600,000 2. B) $700,000 3. C) $720,000 4. D) $800,000

Answers

Answer:

Delta is responsible for insuring $200,000 / $1,600,000 = 1/8 of the building

Eversafe is responsible for 1 - 1/8 = 7/8

the loss = $1,600,000 x 40% = $640,000

Delta will pay 1/8 x $640,000 = $80,000

Eversafe will pay $640,000 - $80,000 = $560,000

in order for Eversafe to pay:

$600,000, the total loss = $685,714, or 42.86% of the building$700,000, the total loss = $800,000, or 50% of the building$720,000, the total loss = $822,857, or 51.43% of the building$800,000, the total loss = $914,286, or 57.14% of the building

Stocks have a 15% expected return and 25% risk bonds have a 8% expected return and 9% risk the expected return of ________.A portfolio comprised of 75% stocks and 25% bonds is _______

Answers

Answer: 13.25%

Explanation:

The expected portfolio return can be calculated as follows:

= (Expected return of stocks * Weight of stocks) + (Expected return of bonds * Weight of bonds)

= (15% * 75%) + (8% * 25%)

= 11.25% + 2%

= 13.25%

what is corporate finance​

Answers

Answer:

B and a good time for you

Explanation:

........

Answer:

Corporate finance is the area of finance that deals with sources of funding, the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources

The list price of an item is $96.60. The supplier is offering a series trade discount of 10/10/19. Find the net cost.
The net cost of the item is $
(Round to the nearest cent as needed.)

Answers

The net cost of the item, after applying the series trade discount, is $63.41.

To calculate the net cost of the item, we need to apply the series trade discount provided. The series trade discount is given as 10/10/19, which means there are three successive discounts applied.

Let's break down the discounts:

The first discount is 10%.The second discount is 10%.The third discount is 19%.

To find the net cost, we need to calculate the price after each discount.

Step 1: Apply the first discount of 10%

List price - (10% of list price)

List price - (10/100 * List price)

List price - 0.1 *

List price = 0.9 * List price

Step 2: Apply the second discount of 10%

0.9 * List price - (10% of 0.9 * List price)

0.9 * List price - (10/100 * 0.9 * List price)

0.9 * List price - 0.09 * List price

0.81 * List price

Step 3: Apply the third discount of 19%

0.81 * List price - (19% of 0.81 * List price)  

0.81 * List price - (19/100 * 0.81 * List price)

0.81 * List price - 0.1539 * List price

0.6561 * List price

Now, to find the net cost, we multiply the list price by the result of the series of discounts:

Net cost = List price * 0.6561

Given that the list price is $96.60, we can calculate the net cost:

Net cost = $96.60 * 0.6561

Calculating this, we find:

Net cost = $63.41 (rounded to the nearest cent)

Therefore, the net cost of the item, after applying the series trade discount, is $63.41.

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Annual oil production for a region was about 550 million tons in 1980 and increased at a rate of 7.6​% per year. Estimate the oil production in 2000. Use the exponential growth formula.

Answers

If the annual oil production for a region was about 550 million tons in 1980 and increased at a rate of 7.6​% per year, then oil production in the year 2000 is 2,038 million.

How to find?

Given that initial production is 550 million and the rate of growth is 7.6% per year.

The exponential growth formula is A= A₀(1+rt)

where Ais the final value,

A₀ is the initial value,

r is the rate of growth and

t is the time in years.

Here A₀= 550

Then the number of years is

t= 2000-1980

= 20 years

Rate of growth is-

r= 7.6/100= 0.076%

Substitute all the values into the equation exponential growth and solve for A.

A= 550( 1+ 0.076)²⁰

= 550(1.076)²⁰

= 550. 4.327583204

= 2,380 million.

Therefore the oil production in the year 2000 is 2,380 million.

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Answer:

2,380 million

Explanation:

Using the A = p (1 + r ) ^t:-

→ P = 550 million

→ R = 7.6% or 7.6/100 = 0.076

→ t = 2000 - 1980 = 20

\(\mathrm{A = 550(1+ 0.076) ^{20}}\)\(\mathrm{A = 550(1.076) ^{20}}\)\(\mathrm{A = 2380}\)

Therefore, the oil production in 2000 would be around 2,380 million.

_________________________

Hope this helps!

Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 200 shares of its common stock on May 1 for $10,000. On July 1, it reissued 100 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?

Answers

Answer:

   $100

Explanation:

The computation of the balance in the paid - in capital for treasury stock account on August 2 is shown below:

On May 1                                         $0

July 1 : $2/share × 100 shares $200

Less:

Aug 1 : $1 share × 100 shares ($100)

Balance as on August 2                $100

We simply deduct the august 1 amount from the July 1 amount so that the balance as on August 2 for the paid - in the capital for treasury stock could come

(5 points)
Willie's Hot Dogs had sales last year of $250,300 and a guest count of 76,079.
Sales this year were $280,750 with a guest count of 83,556.
What was Willie's guest count percentage variance?

Answers

Willie's guest count percentage variance is 9.82%.

How to calculate guest count percentage

To calculate the guest count percentage variance

Use the following formula:

Guest count percentage variance = [(current year guest count - prior year guest count) / prior year guest count] x 100%

Guest count percentage variance = [(83,556 - 76,079) / 76,079] x 100%

Guest count percentage variance = (7,477 / 76,079) x 100%

Guest count percentage variance = 0.0982 x 100%

Guest count percentage variance = 9.82%

Therefore, Willie's guest count percentage variance is 9.82%.

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5. As the price of laptops increases from RM2,000 to RM3,500 per unit, the quantity
demanded for laptops decreases from 200 units to 150 units.
© Using the midpoint approach, compute and interpret the coefficient of the price
elasticity of demand for laptops; (6 marks)

Answers

Answer:

-0.523 and inelastic

Explanation:

The computation of the price elasticity of demand using mid point formula is given below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)  

where,  

Change in quantity demanded is

= Q2 - Q1

= 150 units - 200 units

= -50 units

And, average of quantity demanded would be

= (150 units + 200 units ) ÷ 2

= 175 units

Change in price would be

= P2 - P1

= 3,500 - 2,000

= 1,500

And, average of price would be

= (3,500 + 2,000) ÷ 2

= 2750

So, after solving this, the price is -0.523

Since the price elasticity of demand is less than 1 so it would be inelastic

How can students experience "free rider" problems at school?
CHOOSE ALL THAT APPLY

Students who copy others students' homework.


Students who don't do their fair share of work on a group project, but expect to get the same grade as students who worked hard on the project.


Students who cheat off of a others student during an exam.

Answers

i’m pretty sure all of the above are considered a free rider.

Answer:

All of the above

Explanation:

these are all reasons on how you can experience being a free rider

Cari created a list of ways to reduce her spending. Which activity should she omit from her list? Choose the correct answer below. use less expensive places for services such as haircuts wear items of clothing for an extra season buy store brands instead of name brands for food and other items rely on friends to treat me when I am out of money

Answers

Answer:

b

Explanation:

is a measurement of standard of living that includes education and clean running water. A. Material wealth B. Access to necessitie's C. Income D. Financial wealth

Answers

Access to necessities is a measurement of standard of living that includes education and clean running water.

What is standard of living?

While quality of life is more ephemeral and intangible, such as personal freedom or environmental quality, standard of living often refers to affluence, comfort, material things, and necessities of particular classes in certain locations.

Standard of living is typically concerned with impersonal, objective measures such as economic, societal, political, and environmental issues. These are the kinds of elements that a person could take into account when deciding where to live in the world or how well an economic programme is working.

An "adequate level of life" was first defined in the International Covenant on Economic, Social and Cultural Rights and later in the Universal Declaration of Human Rights. Different disciplines have defined decent living standards in order to assess or compare relative living conditions in order to determine the influence of policies for sustainable development.

Supporting answer

Hence option B is correct answer

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Answer:

B. Access to necessitie's

Explanation:

Which of the following colors is highly variable and can be either cool or slightly warm, depending on how it is used?

Answers

Explanation:

Dark blue with dark red

True/False: The most common reason that ethical problems occur in business is an overemphasis on long-run profit maximization.

Answers

Answer:

False

Explanation:

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Julianna has been asked to write an offer letter to Noah Camp, a new employee. What is the appropriate salutation for her to use?

A: Happy Friday, Noah,

B: Business letters don't use salutations.

C: Hey, Noah,

D: Dear Mr. Camp,

Answers

Julianna has been asked to write an offer letter to Noah Camp, a new employee. What is the appropriate salutation for her to use?

Dear Mr.Camp

I HOPE IT HELPS YOU

PLEASE MARK ME THE BRAINLIEST

What is an observation quite different from the rest of the data called?

Answers

Answer:

2 words china

Explanation:

Decker Company has five products in its inventory. Information about the December 31, 2021, inventory follows. Product Quantity Unit Cost Unit Selling Price A 1,000 $ 25 $ 32 B 1,200 31 36 C 1,000 2 6 D 600 5 4 E 1,000 35 32 The cost to sell for each product consists of a 10 percent sales commission. Required: 1. Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. 2. Determine the carrying value of inventory at December 31, 2021, assuming the LCNRV rule is applied to the entire inventory. 3. Assuming inventory write-downs are common for Decker, record any necessary year-end adjusting entry based on the amount calculated in requirement 2.

Answers

Answer:

Decker Company

1. The carrying value of inventory with LCNRV applied to individual products = $95,384

2. The carrying value of inventory with LCNRV applied to the entire inventory = $102,200

3. There is no write-down since the total cost is chosen as the LCNRV in requirement 2.

Explanation:

a) Data and Calculations:

December 31, 2021 Inventory:

Product   Quantity   Unit Cost   Unit Selling

                                                       Price

A                1,000           $ 25          $ 32

B                1,200               31             36

C               1,000                 2               6      

D                 600                 5               4  

E               1,000               35             32        

Product   Quantity   Unit Cost   Unit Selling Net Realizable LCNRV   Total

                                                       Price               Value

A                1,000           $ 25          $ 32             $29             $25   $25,000

B                1,200               31             36                33                31       37,200

C               1,000                 2               6                  5.45            2        2,000

D                 600                 5               4                  3.64            3.64    2,184

E               1,000               35             32               29               29      29,000

Carrying value of inventory                                                             $95,384

Total cost = (1,000 * $25) + (1,200 * $31) + (1,000 * $2) + (600 * $5) + (1,000 * $35)

= ($25,000) + ($37,200) + ($2,000) + ($3,000) + ($35,000)

= $102,200

Total selling price = (1,000 * $32) + (1,200 * $36) + (1,000 * $6) + (600 * $4) + (1,000 * $32)

= ($32,000) + ($43,200) + ($6,000) + ($2,400) + ($32,000)

= $115,600

= $105,091 ($115,600/1.1)

LCNRV = $102,200

1. The carrying value of inventory on December 31, 2021, is $95,384 for individual products.

2. The carrying value of inventory on December 31, 2021, is $102,200 for the entire inventory.  

3. There would be no recording entry.

The carrying value of inventory would be computed as follows in the given table.

Hence, the total carrying value of inventory for the individual product from the table would be:  

\(25000+37200+2000+2184+29000\\=95,384\)

Now, computation of carrying value of inventory for the entire inventory would be:

\((1,000 * 25) + (1,200 * 31) + (1,000 * 2) + (600 * 5) + (1,000 * 35)\\=102,200\)

Hence, the lower of cost and net realizable value or LCNRV  is $102,200 for the entire product and $95,384 for individual inventory.

Learn more about the carrying value of inventory here:

https://brainly.com/question/17095716

Decker Company has five products in its inventory. Information about the December 31, 2021, inventory

Calculator The net income reported on the income statement for the current year was $294,553. Depreciation recorded on fixed assets and amortization of patents for the year were $38,575 and $11,568, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $53,450 $39,975 Accounts Receivable 127,345 103,052 Inventories 109,309 83,765 Prepaid Expenses 4,646 8,151 Accounts Payable (merchandise creditors) 45,865 70,203 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method

Answers

Answer:

$274,026

Explanation:

Prepare a cash flows from operating activities as follows ;

Cash Flow from Operating Activities

Net Income for the year                                                   $294,553

Adjustment for Non-Cash items :

Depreciation                                                                       $38,575

Amortization of patents                                                       $11,568

Adjustments for Changes in Working Capital items:

Increase in Accounts Receivable                                    ($24,293)

Increase in Inventory                                                        ($25,544)

Decrease in Prepaid expenses                                          $3,505

Decrease in Accounts Payable                                        ($24,338)

Net Cash from Operating Activities                                $274,026

Conclusion

Therefore the amount of cash flows from operating activities is $274,026

If auto insurance costs $6.54 per $1,000 of coverage, what is the cost (in dollars) to insure a car valued at $18,500?

Answers

Answer:

$120.62

ExplanationExplanation:

6.52*18.5=120.62

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