Business, 16.10.2019 22:00 s237200

Elected data of islander company follow: as of december 31, balance sheet data 2017 2016 accounts receivable $ 500,000 $ 470,000 allowance for doubtful accounts (25,000 ) (20,000 ) net accounts receivable 475,000 450,000 inventories—lower of cost or market 600,000 550,000 year ended december 31, income statement data 2017 2016 net credit sales $ 2,500,000 $ 2,200,000 net cash sales 500,000 400,000 net sales 3,000,000 2,600,000 cost of goods sold 2,000,000 1,800,000 selling, general, and administrative expenses 300,000 270,000 other 50,000 30,000 total operating expenses 2,350,000 2,100,000 required: what is the accounts receivable turnover for 2017? what is the inventory turnover for 2017?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 11:20

Stock a has a beta of 1.2 and a standard deviation of 20%. stock b has a beta of 0.8 and a standard deviation of 25%. portfolio p has $200,000 consisting of $100,000 invested in stock a and $100,000 in stock b. which of the following statements is correct? (assume that the stocks are in equilibrium.) (a) stock b has a higher required rate of return than stock a. (b) portfolio p has a standard deviation of 22.5%. (c) portfolio p has a beta equal to 1.0. (d) more information is needed to determine the portfolio's beta. (e) stock a's returns are less highly correlated with the returns on most other stocks than are b's returns.

Answers: 3

Answer

Business, 22.06.2019 11:20

Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).

Answers: 3

Answer

Business, 22.06.2019 12:50

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Answers: 2

Answer

Business, 22.06.2019 21:10

Your family business uses a secret recipe to produce salsa and distributes it through both smaller specialty stores and chain supermarkets. the chain supermarkets have been demanding sizable discounts, but you do not want to drop your prices to the specialty stores. true or false: the robinson-patman act limits your ability to offer discounts to the chain supermarkets while leaving the price high for the smaller stores. true false

Answers: 3

Answer

You know the right answer?

Elected data of islander company follow: as of december 31, balance sheet data 2017 2016 accounts r...

Questions