Required information [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 35,257 $ 41,213 $ 43,368 Accounts receivable, net 89,100 62,300 51,200 Merchandise inventory 114,500 83,000 57,000 Prepaid expenses 11,354 10,818 4,819 Plant assets, net 359,569 328,341 290,613 Total assets $ 609,780 $ 525,672 $ 447,000 Liabilities and Equity Accounts payable $ 148,799 $ 87,062 $ 57,824 Long-term notes payable secured by mortgages on plant assets 112,346 118,486 96,811 Common stock, $10 par value 162,500 162,500 162,500 Retained earnings 186,135 157,624 129,865 Total liabilities and equity $ 609,780 $ 525,672 $ 447,000 The company’s income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit: For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 792,714 $ 625,550 Cost of goods sold $ 483,556 $ 406,608 Other operating expenses 245,741 158,264 Interest expense 13,476 14,388 Income tax expense 10,305 9,383 Total costs and expenses 753,078 588,643 Net income $ 39,636 $ 36,907 Earnings per share $ 2.44 $ 2.27 (1-a) Compute days' sales uncollected. (1-b) For each ratio, determine if it improved or worsened in the current year.

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using:

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths