The following information is available about Marne Company for 2010. All sales are on credit. Average cash and marketable securities = $1 million EBIT = $2 million Average inventory = $5 million COGS = $15 million Average accounts payable = $3 million Long-term bonds = $8 million Average accounts receivable = $3 million Coupon rate on bonds = 10% Total Sales = $20 million Find its (A) Inventory turnover ratio (B) Number of days sales outstanding (C) Interest coverage ratio (D) Current ratio (E) Quick ratio

There are more than two types of bachelors’ degrees true or false?

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Petra contracted to paint bret’s house for $2,000. after beginning the job, petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells bret she wants another $500 to finish the job. bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. is bret legally obligated to pay the extra $500?