The following information applies to the Wills Wayside Inn, which is a 200-room lodging facility: Current Ratio 1 to 1
Acid-test Ratio. .8 to 1
Accounts Receivable = $60,000
Operating efficiency ratio. = 30 percent
Total Current Liabilities. = $100,000
Accounts Receivable Turnover = $400,000
Assume the following:
1. The Accounts receivable turnover is based on CHARGE sales only, which represents 50 percent of total sales,
2. The balances of all balance sheet accounts did NOT change from the beginning to the end of the year.
REQUIRED:
Determine each of the following:
1. Quick Assets
2. Total Sales
3. Total Income after undistributed operating expenses
4. Labor cost percentage
5. During June, 4,500 rooms are sold. Assume two rooms are not available each say for legitimate business purposes; that is, they are not available for sale. What is the paid occupancy percentage?
6. If total assets equal $1,000,000 at the end of the year, what is the total assets turnover?

Label each scenario with the term that best describes it. use the midpoint method when applicable. marcel duchamp was a famous artist prior to his death, and was known for his dada artwork, including works such as "soft toilet". all of his original sculptures and paintings go on sale. paul owns a tim horton's, a famous donut and coffee franchise. he is willing to sell as many maple glazed donuts as customers want at a price of $1.00 each, but he refuses to sell any donuts for any price lower than $1.00 . the price of facial tissues rises from $2.85 per box to $3.15 . as a result, p& g increases production from 15 million boxes to 25 million boxes of facial tissue. with the school semester starting for both high school and college, papermate chooses to increase production of pens from 38 million to 42 million after global prices of writing instruments increase from $1.90 a package to $2.10 a package. bright ideas increases its production of lightbulbs by 15% after a 400% increase in the price of fluorescent bulbs.labels: elastic supply; perfectly inelastic supply; perfectly elastic supply; inelastic supply; unit-elastic supply.

If you were running a company, what are at least two things you could do to improve its productivity.

Burke enterprises is considering a machine costing $30 billion that will result in initial after-tax cash savings of $3.7 billion at the end of the first year, and these savings will grow at a rate of 2 percent per year for 11 years. after 11 years, the company can sell the parts for $5 billion. burke has a target debt/equity ratio of 1.2, a beta of 1.79. you estimate that the return on the market is 7.5% and t-bills are currently yielding 2.5%. burke has two issuances of bonds outstanding. the first has 200,000 bonds trading at 98% of par, with coupons of 5%, face of $1000, and maturity of 5 years. the second has 500,000 bonds trading at par, with coupons of 7.5%, face of $1000, and maturity of 12 years. kate, the ceo, usually applies an adjustment factor to the discount rate of +2 for such highly innovative projects. should the company take on the project?