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JulijaS [17]
2 years ago
12

Lendell Company has these comparative balance sheet data: Additional Information for 2017: Net income was $25,000. Sales on acco

unt were $375,000. Sales returns and allowances amounted to $25,000. Cost of goods sold was $198,000. Net cash provided by operating activities was $48,000. Capital expenditures were $25,000, and cash dividends were $10,000. Compute the following ratios at December 31, 2017. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Current ratio.:1 Accounts receivable turnover. times Average collection period. days Inventory turnover. times Days in inventory. days Free cash flow. $
Business
1 answer:
NARA [144]2 years ago
8 0

The Current ratio equals 2.9, the Accounts receivable turnover equals 5.77 and Average collection period equals 63 days.

<h3>What is Current ratio?</h3>

= Current Assets / Current Liabilities

= 145,000 / 50,000

= 2.9

<h3>What is Accounts receivable turnover?</h3>

= Net sales / Average Accounts Receivable

= 375,000 / )(70,000 + 60,000) / 2)

= 5.76923076923

= 5.77

<h3>What is Average collection period?</h3>

= 365 Days /Average Receivable Turnover ratio

= 365 / 5.77

= 63.2582322357

= 63 days

Read more about Current ratio

<em>brainly.com/question/2686492</em>

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Information related to Riverbed Co. is presented below.
Scrat [10]

Answer:

April 5

Debit : Merchandise  $36,000

Credit : Accounts Payable - Tamarisk Company $36,000

April 6

Debit : Accounts Payable - Tamarisk Company $920

Credit : Cash $920

April 7

Debit : Equipment $30,500

Credit : Accounts Payable $30,500

April 8

Debit : Accounts Payable - Tamarisk Company $4,200

Credit : Merchandise  $4,200

April 15

Debit : Accounts Payable - Tamarisk Company $30,880

Credit : Discount received $926.40

Credit : Cash $29,954

Explanation:

Working for Journal on April 15

Balance = $36,000 - $920 - $4,200

              = $30,880

Discount = $30,880 x 3%

               = $926.40

Amount Paid =  $30,880 - $926.40

                      = $29,954

7 0
3 years ago
After a meeting with the operations manager of your organization, you close the door to your office so you can think of strategi
shepuryov [24]

Answer:(1) The HR professional should have read the company policy and employment contract of each employees (2) Proper employees files should be maintained (3) order a reverse of the 11 percent pay increase untill the issue leading to the increase is looked into (4) The grievance will be on employee compensation and benefit (5) I will use the employee grievance process .

Explanation:

The human resources management is the process of supporting the accomplishment of organization objective by recruiting the needed human resources into the organization, integrating them into the organization as well as developing their potential for the overall benefit of the organization. The human resources management department is responsible for the personnel matters in the organization. In every organization, they usually have a company policy which is focused on how to resolve employees grievance in the organization. Therefore, as regard the case under review the HR professional should do the following to handle the issue at hand

(1) The HR manager should read the company policy on how a pay raise should be given to each employees, in addition to this the HR manager must also read the employment contract of each employees in order to know if the employees actually deserve a pay raise.

(2) with a view to prevent this in the future, the HR professional should ensure that employees files are properly maintained and before a pay raise can be granted to any employees in the future it should be in accordance with the contract agreement surrounding pay increases.

(3) The 11 percent pay raise that was already promised to the employees will be order to reversed back to the status quo untill the matter is looked into holistically to know if the employee actually deserve to have a pay raise in accordance with contract agreement surrounding pay increases.

(4) The grievance would be a formal notice to the management to register their dissatisfaction as regard the pay increase granted to only one employee that does not go across board.

(5) I will settle the grievances before involving other members of the grievance committee, I will then held a meeting with the representatives of the workers in private.then if the issue cannot be resolved at that level, I will investigate the matter further and the result will be made known to the workers and if the workers is not satisfied the matter will go to the management level where the fact of the matter will be looked into and a decision will be made to settle the grievance.

7 0
4 years ago
What can you determine about the corporate culture from the fact that they waited this long to consider the development of an EP
stepan [7]

Answer:

That the company has a dysfunctionall organizational culture

Explanation:

Dysfunction in organizational culture occurs when the existing culture of an organization no longer advances the organization's effectiveness in the marketplace.

In this case technology innovation is affected by the delay on the addoption of a EPM as Technology in business allows organizations to improve both the performance and overall effectiveness of products, systems and services, which, in turn, enables businesses to expand quickly and efficiently.

3 0
3 years ago
What is the value of a share of common stock using the corporate valuation approach for a company that has outstanding debt and
Sladkaya [172]

The firm value divided by the number of shares of common stock. The Common stock is a residual claim on a company's current and future profits. As a result, the shareholders are considered part-owners of a corporation. This does not imply that stockholders can walk into a company's headquarters and claim ownership of certain chairs, desks, or computers.

These are the property of the corporation, which is a legal entity. This residual claim is instead owned by the shareholders. The Investors and dealers can buy and sell common stock through exchanges. The Common stockholders may be eligible to receive dividends.

To learn more about shareholders, click here.  

brainly.com/question/19162424

#SPJ4

8 0
2 years ago
Culture is a system of values and norms shared among a group of people and that when taken together constitute a design for livi
Bas_tet [7]

Answer:

a. True

Explanation:

The above is true because culture constitute a way of life of people who share common value. Culture refers to the beliefs, values and norms among group of people. For instance, in some culture, the male when greeting lay flat on the ground, while the female knee; these actions symbolizes respect for the people whom they are greeting.

Examples of cultural beliefs includes but not limited to tradition beliefs, religion beliefs, social standards etc.

4 0
3 years ago
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