Business, 24.06.2019 22:20 hellokitty1647
Suppose your firm receives a $5 million order on the last day of the year. you fill the order with $2 million worth of inventory. the customer picks up the entire order the same day and pays $1 million upfront in cash; you also issue a bill for the customer to pay the remaining balance of $4 million in 30 days. suppose your firm’s tax rate is 0% (i. e., ignore taxes). determine the consequences of this transaction for each of the following: a. revenues increase by $5 millionb. earnings increase by $3 millionc. receivables increase by $4 milliond. inventory decrease by $2 million
Answers: 1
Business, 21.06.2019 20:50
Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?
Answers: 2
Business, 22.06.2019 07:50
Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?
Answers: 1
Business, 22.06.2019 13:30
What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?
Answers: 3
Business, 22.06.2019 14:00
Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.
Answers: 1
Suppose your firm receives a $5 million order on the last day of the year. you fill the order with $...
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