Answer:
A
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised. The PPF is bowed outward if increasing opportunity costs exist.
As more quantities of good X is produced, there would be fewer resources available to produce good Y. As a result, less of good Y would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Betsy Parker wants to buy a house in next 10 years and decides to have a SMART goal of having $40,000 as down payment. With the investment that gives interest rate of 5%, how much money she needs to set aside now
Answer:
$24,556.53
Explanation:
We are to find the present value
PV = FV x (1 + r) ^-n
FV = Future value
PV = Present value
R = interest rate
N = number of years
$40,000 x(1.05)^-10 = $24,556.53
What is commercial cooking?
Answer:
Commercial Cooking- Commercial cooking operations are defined as kitchens that have cooking equipment that produces grease and grease-laden vapors. This includes flat grills, char broilers, and deep fat fryers.
Answer:
Commercial cooking is cooking on a large scale for money (commerce). Generally a commercial kitchen will have large-scale cooking apparatuses. In example I could be use side by side Tilt Grills, one searing 50 pounds of meat, while boiling 20 pounds of pasta in the other. 300 slices of bacon cooking in the ovens, and 30 gallons of stew in one of the tilt-kettles. On another wall I might have a mixer, mixing 30 pounds of cake batter, and 10 gallons of chile cooking in one of the small tilt kettles. I did generally get some help though, lol.
If policy-makers want gasoline to be produced from corn-based ethanol, why would they have to subsidize it?
a) because automobiles run better on gasoline produced from ethanol
b) because food prices are lower when gasoline is produced from corn-based ethanol
c) because gasoline would not be produced if it was not subsidized
d) because it is costlier to produce gasoline from corn-based ethanol than from petroleum
Answer:
d) because it is costlier to produce gasoline from corn-based ethanol than from petroleum
Explanation:
Government subsidize certain industries because they want to increase the production and consumption of specific goods or services. In this case, if the government wants to increase the production of gasoline produced from ethanol, it must enable ethanol producers to be able to make a profit while selling their product. Or the government might subsidize the consumers by lowering the selling price, which would encourage more consumers to use ethanol based gasoline.
The whole reasoning behind the government having to subsidize either the producers or consumers of ethanol based gasoline is that the costs of producing it are higher than the costs of producing oil based gasoline. If it wasn't so, there would be no reason to subsidize it, the market would act by itself.
Maggie and Nate enter into a contract for the sale of a 1967 Ford Mustang, but Nate later refuses to deliver the car. Maggie asks a court to order Nate to perform as promised. Ordering a party to perform what was promised is
Answer:
an equitable remedy
Explanation:
Ordering a party to perform what was promised is an equitable remedy. This term refers to when there is an absence of law or regulation for a certain scenario, thus granting the judge authority to make the decision of what the law should be in that particular scenario. Therefore in a scenario like this one the judge can decide for himself/herself if they will make Nate perform what was promised or not.
Service Cost Flows Number the following activities from 1 to 3 in the order corresponding to the typical flow of cost in a CPA firm. Order Activity Answer Record the time worked on a client project by professional staff. Answer Record the completion of a client project. Answer Record the application of office overhead.
Answer:
following are the answer to this question:
Explanation:
Following are the flows to this question:
It records the consumer project for completion. It records the time, which the professional staff had operated on such a client project. It is the document for the office, which overheads the submission.It's the conventional flow, which operates after the research, that was ended, and the number of human hours and its cost for the individual customer was established.
___________________ are contracts that enforce expectations and responsibilities between two parties. They usually require a service, such as 24 hour support, to be performed in a timely and reliable manner to allow for agreed actions to be taken.
Complete Question:
_________________ are contracts that enforce expectations and responsibilities between two parties. They usually require a service, such as 24 hour support, to be performed in a timely and reliable manner to allow for agreed actions to be taken.
Group of answer choices
A. Security measures
B. Incident Response Plans
C. Business Continuity Plans
D. Service Level Agreements
Answer:
D. Service Level Agreements.
Explanation:
Service Level Agreements are contracts that enforce expectations and responsibilities between two parties. They usually require a service, such as 24 hour support, to be performed in a timely and reliable manner to allow for agreed actions to be taken.
Generally, a service level agreement (SLA) is usually between a service provider and its customers (end users).
In order to define and provide satisfactory service, organizations that provide services are expected to implement a service level agreement and it should comprise of the following parameters; responsibilities, expectations, metrics, time and frequency.
An example of a service level agreement is the mean time between failures (MTBF), mean time to repair or mean time to recovery (MTTR) which is generally used by telecommunications firms and internet service providers (ISP) for their respective customers.
In which of the following choices are both the stock and options positions on the same side of the market?
A. Long call/long stock
B. Short call/long stock
C. Long put/short stock
D. Short put/short stock
Answer:
A. Long call/long stock
C. Long put/short stock
Explanation:
These two stock options are beneficial in the bull markets also they are for the same side i.e. the upside. The short call is when profitable when the market declines while on the other hand the long call should be when the market boost
Like this, the short put and short stock dealed with
And, the long put is profitable when the market declines and the short stock is profitable when the market declines
Therefore the option A and C is correct
According to the Ending Inventory Report, how would you calculate the cost of Sales? Ending Inventory Report Administrative Salaries $ 100,000Amortization Expense $ 20,000 Beginning Inventory $ 75,000 Ending Inventory $ 60,000Office Supplies Expense $ 25,000 Purchases $ 125,000Travel & Entertainment Expense $ 5,000 A) 575,000 + 125,000 - 560,000 B) 5125,000 - 520,000 C) 575,000 + 125,000 - 560,000 + 520,000 D) 575,000 - 560,000 E) 575,000 + 125,000 - 560,000 - 520,000
Answer:
A. $575,000 + $125,000 - $560,000
Explanation:
According to the ending inventory report, cost of sales would be calculated as follow;
Cost of sales = Beginning inventory + Purchase - Ending inventory
Cost of sales = $575,000 + $125,000 - $560,000
Based on the costs incurred by the business, the cost of sales can be calculated to be A) $75,000 + 125,000 - $60,000
Cost of sales is found by:
= Beginning inventory + Purchases - Ending inventory
In the above:
Beginning inventory = $75,000Purchases = $125,000Ending inventory = $60,000Cost of sales is therefore:
= 75,000 + 125,000 - 60,000
In conclusion, option A is correct
Find out more on the cost of sales at https://brainly.com/question/24561653.
During an election year, why would a senator want to determine a mode?
This is the answer from E D G E N U I T Y and it is A.to determine which issue is most important to the general public
Have a nice day or night! uwu
Answer:
to determine which issue is most important to the general public
Explanation: I took the test and I got help from my teachers!!
Clem Oatley could grow wheat and barley. He could grow 75 bushels of wheat or 125 bushels of barley using the same resources on an acre of his land. The price of wheat is $2.00 per bushel and the price of barley $ 0.80. What should he specialize in
Answer:
Clem should specialise in wheat production because he has higher profits there
Explanation:
Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.
If he produces only wheat he will have profit of 75 bushels * $2 = $150
If he produces only barley his profit will be 125 bushels * $0.80 = $100
This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.
Answer: Wheat
Explanation:
If Clem produced only wheat he would have;
= 75 * 2
= $150
If he instead produced only barley he would have;
= 125 * 0.80
= $100
Clem should therefore specialize in wheat as it would bring in more returns.
The following information pertains to the Moonlight Company pension plan:Employer contribution.............. $2,800Project benefit obligation at 1/1 ....... $72,000Assumed discount rate.......... 10%Service cost for the year....... 18,000Pension benefits paid during the year.... 35,000If no change in actuarial estimates occurred during the year, Moonlight's projected benefit obligation at December 31 of the current year was:_________a. $62,200b. $65,000c. $79,200d. $82,200e. $59,400
Answer:
$62,200
Explanation:
Moonlight's projected benefit obligation can be calculated by deducting the Pension benefits paid by the sum of the estimate of projected benefit obligation and Service Cost and Discount Factor.
the estimate of projected benefit obligation = $72,000
Discount Factor ( 10% of 72,000 ) = $7,200
Service cost = $18,000
Total = $97,200
Benefit paid = ( 35,000)
Projected benefit Obligation Dec 31 = $62,200
The new service development process cycle contains all but ____ of the following activities.a) engineeringb) analysisc) developmentd) full launch
Answer:
Option A, Engineering, is the right answer.
Explanation:
Option “A” Engineering is the correct answer because the new service development process includes four steps that are Design, analysis, development, and full launch. Moreover, the first step of this process is a design that contains the idea generation and formulation of the product. The analysis contains business analysis as well as the analysis of the project. The next step is development, which includes the modification and testing of a product. Finally, the last step is a full launch where a company launches a product in the market. Therefore, all the options follow except option A.
The company is deciding whether to drop product line F because it has an operating loss. Assuming fixed costs are unavoidable, if Karlson drops product line F and rents the space formerly used to produce product F for per year, total operating income will be
Answer:
$65,000
Explanation:
a lot of information is missing, so I looked at a similar question to fill in the blanks:
product D product E product F
Sales revenue $90,000 $50,000 $30,000
Variable costs (40,000 ) (10,000 ) (11,000 )
Contribution margin $50,000 $40,000 $19,000
Fixed costs (10,000 ) (10,000 ) (24,000 )
Operating income (loss) $40,000 $30,000 ($5,000 )
product F's facilities can be rented for $19,000
net unavoidable fixed costs = $19,000 - $24,000 = ($5,000)
product D product E product F
Sales revenue $90,000 $50,000
Variable costs (40,000 ) (10,000 )
Contribution margin $50,000 $40,000
Fixed costs (10,000 ) (10,000 )
Operating income (loss) $40,000 $30,000 ($5,000 )
total income = $40,000 + $30,000 - $5,000 = $65,000
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Refer to the Zumba Corporation data above. Compute the current ratio: Then compute the quick ratio
.51
1.20
1.98
.98
The balance sheet at December 31, 20X1 for Zumba Corporation (in thousands of dollars) follows:
Current Assets:
Cash and Cash Equivalents$ 2
Accounts Receivable, net 4,800
Inventories 2,200
Prepaid Rent 898
Total Current Assets 7,900
Land, Buildings and Equipment, net 7,400
Investments 500
Total Assets $15,800
Current Liabilities:
Accounts Payable $ 500
Current Portion Long-Term Debt 2,500
Accrued Salaries Payable 1,000
Total Current Liabilities 4,000
Long-Term Debt 8,000
Total Liabilities 12,000
Stockholders' Equity:
Common Stock 2,800
Retained Earnings 1,000
Total Stockholders' Equity 3,800
Total Liabilities and Stockholders' Equity $15,800
Additional information follows:
* Net income for the year ended December 31, 20X1 is $2,020.
* Cost of goods sold for the year ended December 31, 20X1 is $4,400.
* Accounts Receivable, net on January 1, 20X1 are $4,400.
* Total assets on January 1, 2X17 are $20,000.
* Net credit sales for the year ended December 31, 20X1 are $14,600.
Answer:
B) 1.20
Explanation:
To find the current ratio we will divide current assets with current liabilities and find the quick ratio we just need to deduct inventory and prepaid expense from current assets in the same current ratio formula.
Data
Current assets = $7,900
Prepaid rent = $898
Inventory = $2,200
Current liabilities = $4,000
Solution
Current ratio = current asset/curremy liability
Current ratio = $7900/$4000
Current ratio = 1.975
Quick ratio = current asset - Inventories -prepaid rent / current liability
Quick ratio=$7,900-$2,200-$898/$4,000
Quick ratio = 1.20
Assume Baldwin is producing 713 units of Beetle next year. What would Beetle's plant utilization be?
Please find attachment, question slightly varies but mostly only by different figures and product used
Answer:
95% for answer in figures in attachment, 84% for question using figures above
Explanation:
Using figures from attachments, assuming Baldwin's products are Beetles
The plant capacity is 850 units for next round
Plant utilization if 808 units of Beetles are produced =
808/850*100=0.9506(to four decimal places)
95%( option C)
Plant utilization if 713 units of Beetles are produced=
713/850*100=0.8388(to four decimal places)
84%(using values from above)
Who Are Better Drivers? Do you consider yourself a "better" driver than most other drivers? Do you believe that men and women might answer this question differently? Discuss how you might collect information to test the following conjectures. For each conjecture, state specifically the null H0 and alternative HA hypotheses that would be of interest.
(a) Conjecture: More than 70% of male drivers think they are "better" drivers than most other drivers.
(b) Conjecture: Fewer than 70% of women drivers think they are "better" drivers than most other drivers.
(c) Conjecture: The percentage of male drivers who think they are "better" drivers than most other drivers is higher than the corresponding percentage for women drivers.
Answer:
Yes, men and women will answer this question differently.
Explanation:
The null and alternative hypothesis of interest for each conjecture would be:
(A) Conjecture: More than 70% of male drivers think they are "better" drivers than most other drivers.
H0: Less than 70% of male drivers are better drivers than most other drivers
HA: More than 70% of male drivers are better drivers than most other drivers
(B) Conjecture: Fewer than 70% of women drivers think they are "better" drivers than most other drivers.
H0: More than 70% of women are better drivers than most other drivers
HA: Fewer than 70% of women are better drivers than most other drivers
(C) Conjecture: The percentage of male drivers who think they are "better" drivers than most other drivers is higher than the corresponding percentage for women drivers.
H0: There is a lower % of male drivers who think they are better than most other drivers than the corresponding % for female drivers
HA: There is a higher % of male drivers who think they are better than most other drivers, than the corresponding % for female drivers
NOTE: In A and B, you measure the actual percentage of male and female drivers who are good at driving but in C, you measure the percentage of male drivers who think they are better than most other drivers and compare it to the percentage of female drivers who think they are better than most other drivers.
Sky invests $90,000 today and receives a future value 8 years from now of $120,000. Interest is compounded twice per year. Her stated annual interest rate is _____ for this twice-a-year compounded investment.
Answer:
Annual interest rate= 3.63%
Explanation:
The rate of return earned on the investment can be worked out using the Future value of a lump sum formula.
The future value of a lump sum is the amount lump would amount to if interest is earned and compounded at a certain interest rate.
The formula is
FV = PV × (1+r)^(n)
PV = Present Value- 90,000
FV - Future Value, - 120,000
n- number of period- 8× 2 = 16 (note interest is compounded twice a year)
r- interest rate per period - ?
120,000 = 90,000× (1+r)^16
1+r)^16= 120.000/90,000= 1.333
(1+r)^16= 1.333
1+r= 1.333^(1/16)
r =1.333^(1/16) -1 = 0.01812
r =0.01812× 100= 1.812%
Bi-annual interest rate = 1.812%
Annual interest rate = Bi-annual rate × 2
Annual interest rate = 1.812% × 2 =3.63%
Annual interest rate= 3.63%
What is the after-tax cost of debt for a firm if it pays at 21% of tax rate, and pays 15% on its debt
Answer:
= 11.85%
Explanation:
After tax cost of debt = (1 - tax rate) x debt
(1 - 0.21) x 15%
0.79 x 15% = 11.85%
2. The Jasmine Tea Company purchased merchandise from a supplier for $43,338. Payment was a noninterest-bearing note requiring Jasmine to make six annual payments of $8,000 beginning one year from the date of purchase. What is the interest rate implicit in this agreement
Answer:
3%
Explanation:
Given the following :
Purchased merchandise = $43,338
Number of payments required = 6
Payment per period = $8,000
PV factor (PVIFA) = (purchased merchandise / payment per period)
PVIFA = (43,338 / 8000) = 5.41725
Using the PVIFA table, we locate the interest rate on PVIFA factor of 5.41725 for a period of 6 years.
For PVIFA of 5.4172, the interest rate is 3%
Hence the implicit Interest t rate = 3%
PVIFA = [1 - (1+r)^-n] ÷ r
In _____, information is structured to a tactical level focus, where information enables operations.
Answer:
traditional warfare
Explanation:
In traditional warfare information is structured to a tactical level focus, where information enables operations.
It should be noted that traditional warefare is about struggles for domination, and weapons that are convectional are been used in other to Target their opponent, and as a result of this information should be structured in tactical level so that much can be known about their opponents.
Explain how the employer promotes the health and safety of employees to minimise the risk of contracting the corona virus
There are many ways the employer can do this. Here are some examples:
✰ - Forcing all employees to get tested
✰- Must wear masks
✰- If it is a doctors/dentists, or somewhere you can't social distance, have employees wear face shields
✰- Social Distance, if possible.
✰- Sanitize anywhere a patient/customer could have been
Explain how economic forces such as employment, income, prices, interest rates, and consumer confidence influence the purchasing decisions you make as a consumer.
Answer:
Economics forces are the factors which consumer willingness and ability to buy goods and services.eg. interest rate, employment,income ,prices,consumer confidence. let us discuss factors one by one
Employment:employment effect the purchasing power, because if you are employed then you have steady income and have much disposable income to spend and a vice a versa will happen if you are unemployed
INCOME: Income is most important factore to determine consumer purchasing decisions. if your income is high then consumer is ready to spend on everything and vice a versa will happen if income is low.
PRICES: Prices also effect the consumer decisions. because if prices of a commodity is high than consumer is not willing to buy that commodity . in simple if prices rises quantity demanded by consumer decreses and if prices decresing quantity demanded by consumer increses
INTEREST RATES:Interst rate influences the cost of borrowings, lower the interest rate ,people are willing to borrow more to spend. while increasing interst rates makes borrowing more costly then people are not willing to spend and move in favour of savings.
CONSUMER CONFIDENCE:If a consumer is confident for future risk and income effect consumer decision.high level of consumer confidence effect consumer willingness to make major purchases like cars laptop etc overall demaand for consumer goods are incresing.and a vice a versa will happen if consumer are not sure for future and income
'Economic Forces' are characterized as the factors that directly affect the demand and supply chain in the economy.
The rise or fall in employment opportunities directly determines the demand for a specific good. If the consumer is earning well, his purchasing power would increase and he will purchase more and vice versa happens if he doesn't have an employment opportunity.Similarly, a rise in income will cause a hike in demand and enhance the purchasing power while a fall in income may restrict it. The interest rates and prices of goods are inversely proportional to the demand for a specific good or service in the market. The lower the price, the higher the demand, and the higher the price, the lower the demand. Consumer Confidence is also an important aspect because if a consumer is assured of his/her financial lookouts, he/she would purchase more but if their confidence is low, they might opt to save and demand less.Learn more about 'Economic Forces' here:
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"I'll let you sell the Harley-Davidson designer clothes only if you'll also sell a new line of clothes designed by Paula Abdul, too." This statement made by a salesperson to a specialty retailer is potentially an example of _______ and may be in violation of the Clayton Act prohibition if the action substantially lessens competition.
Answer:
B)tie-in sales.
Explanation:
Theses are the options for the question;
A. misrepresentation.
B. tie-in sales.
C. reciprocity.
D. price discrimination.
E. kickbacks
From the question, we are informed about a statement ""I'll let you sell the Harley-Davidson designer clothes only if you'll also sell a new line of clothes designed by Paula Abdul, too."
This statement made by a salesperson to a specialty retailer is potentially an example of tie- sales and may be in violation of the Clayton Act prohibition if the action substantially lessens competition.
It should be noted that tie - in sales in finance means that when a cusumer buys a goods he/she must buy the other product, it simply means the products are tied, and this is opposite of Clayton Act which was set up to bring end to transactions that can lead to monopolies.
You can afford monthly payments of $3,100. Current mortgage rates are 3.45% for a 30-year fixed rate loan. You are required to make a 20% down payment and have the cash to do it. What price home can you afford? g
Answer:
$868,331.25
Explanation:
price of house = P
principal of loan = P x (1 - 20%) = 0.8P
using the present value of an annuity formula:
present value of the loan = monthly payment x annuity factor
monthly payment = $3,100
annuity factor (PV, 0.2875%, 360 periods) = 224.0854839
present value of the loan = $3,100 x 224.0854839 = $694,665 = 0.8P
total value of the house = P = $694,665 / 0.8 = $868,331.25
Why is it important to note the exact variety of fresh produce desired, instead of merely noting the type of item needed
Answer and Explanation:
There are various reasons to make it significant which are as follows
1. As there are many different varieties are provided in the fresh produce which enables the several options for the manufacturer
2. Now if the items that are on the demanded are to be noted down so this indicates that these are only supplied no innovation is there
3. As it deals in different varieties so there are chances of high varieties in the same kind of product
4. The customer same demand could be met out by providing varieties of products
5. Also if the company offered varieties in the products that attract the customer and the demand could rise
6. With the help pf noting down the company could maximize its sales that result in maximize in its profits
In measuring an impairment loss, the difference between the asset's book value and its fair value is
Answer:
"Recognized as an impairment loss"
Explanation:
In measuring an impairment loss, the difference between the asset's book value and its fair value is recognized as an impairment loss. Impairment loss is defined as a loss incurred due to a decrease in an asset's fair market value such that the fair market value of the asset falls below its carrying value. When an asset's fair market value (the price at which the asset is being sold in the market) falls below its carrying value (acquisition cost when the asset was purchased minus accumulated depreciation), it is said to be impaired.
Calculate the real deficit or surplus in the following cases: a. Inflation is 10 percent. Debt is $3 trillion. Nominal deficit is $220 billion.
The question is incomplete. Here is the complete question
Calculate the real deficit or surplus in the following cases:
a. Inflation is 10 percent. Debt is $3 trillion. Nominal deficit is $220 billion.
b. Inflation is 2 percent. Debt is $1 trillion. Nominal deficit is $50 billion.
c. Inflation is –4 percent. (Price levels are falling.) Debt is $500 billion. Nominal deficit is $30 billion.
d. Inflation is 3 percent. Debt is $2 trillion. Nominal surplus is $100 billion.
Answer:
(A) $80 billion surplus
(B) $30 billion deficit
(C) $50 billion deficit
(D) $160 billion surplus
Explanation:
(A) The inflation is 10%
= 10/100
= 0.1
Nominal deficit is $220 billion
Debt is $3 trillion
Therefore the real deficit can be calculated as follows
= Nominal deficit-(inflation × debt)
= $220 billion-(0.1×$3 trillion)
= $220 billion-$300 billion
= -$80 billion
= $80 billion surplus
(B) The inflation rate is 2%
= 2/100
= 0.02
The nominal deficit is $50 billion
The debt is $1 trillion
Therefore the real deficit can be calculated as follows
= $50 billion-(0.02×$1 trillion)
= $50 billion - $20 billion
= $30 billion deficit
(C) The inflation rate is 4%
= 4/100
= 0.04
The nominal deficit is $30 billion
The debt is $500 billion
Therefore the real deficit can be calculated as follows
= $30 billion-(-0.04×$500 billion)
=$30 billion-(-$20 billion)
= $30 billion + $20 billion
= $50 billion deficit
(D) The inflation rate is 3%
=3/100
= 0.03
The nominal deficit is $100 billion surplus
The debt is $2 trillion
Therefore the real deficit can be calculated as follows
= $100 billion + (0.03×$2 trillion)
= $100 billion + $60 billion
= $160 billion surplus
Prepare a multi-step income statement for Clarkston Motorsports for the fiscal year ended. Include earnings per share.
Selling expenses $125,000
Common stock, $10 par, 21,000 shares authorized and issued $210,000
General expenses 134,000
Income from discontinued operations 5,000
Preferred stock, $4, no-par 6,000 shares issued 240,000
Retained earnings, beginning 90,000
Cost of goods sold 430,000
Income tax expense: Continuing operations 70,000
Treasury stock, common (1,000 shares) 11,000
Income from discontinued operations 2,000
Net sales revenue 834,000
Complete the income statement in this step. and then identify and enter the applicable EPS amounts in the following step.
Clarkston Motorsports
Income statement
Year ended November 30,2016
Net Sales Revenue 863,000
Cost of Goods Sold 510,000
Gross Profit 35,3000
Selling Expenses
Administrative Expenses
Income Tax Expense
Income From Continuing Expense
Net Income
Answer:
Clarkston Motorsports
Income statement Year ended November 30,2016
$ $
Net Sales Revenue 863,000
Cost of Goods Sold (510,000 )
Gross Profit 353,000
Selling Expenses
Selling expenses 125,000
Administrative Expenses
General expenses 134,000
Income Tax Expense 70,000
Income From Continuing Expense (329,000)
Net Income 24,000
Earnings Per Share (Continuing Operations) $1.14
Earnings Per Share (Discontinued Operations) $0.10
Explanation:
Continuing Operations
Earnings Per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding
= $ 24,000 ÷ 21,000
= $1.14
Discontinued Operations
Earnings Per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding
= $ 2,000 ÷ 21,000
= $0.10
Famous Farm's payables deferral period (PDP) is 50 days (on a 365-day basis), accounts payable are $100 million, and its balance sheet shows inventory of $125 million. What is the inventory turnover ratio
Answer:
5.84
Explanation:
The formula for inventory turnover is
= Cost of goods sold / Inventory
However, we need to calculate first sales, using PDP equation, which is given as;
PDP = Receivables / [ Cost of goods sold / 365 ],
Alternatively,
Cost of goods sold =
365 [Payables] / DSO
Where ;
Payable = $100m
DSO = 50 days
Inventory = $125m
= (365 * $100) / 50
= $730m
Recall inventory turnover = Cost of goods sold / Inventory
= $730m / $125m
= 5.84
Step Number Step in the Process As your personal circumstances change, redefine your goals and revise your plans and strategies. Develop and use financial statements to evaluate the results of your plans and budgets. Develop and implement budgets to control your progress toward your goals. Implement your financial plans and strategies. Define your financial goals. Develop the financial plans and strategies needed to achieve those goals.
Explanation:
Here are the steps in chronological other:
(1) Define your financial goals.
(2) Develop the financial plans and strategies needed to achieve those goals.
(3)Develop and use financial statements to evaluate the results of your plans and budgets.
(4) Develop and implement budgets to control your progress toward your goals.
(5) Implement your financial plans and strategies.
(6) As your personal circumstances change, redefine your goals, and revise your plans and strategies.