Answer:
the percentage of the allowance for doubtful accounts to the accounts receivable for MGM 15.92%
Explanation:
MGM accounts receivable $562,947,000
MGM Allowance for doubtful accounts $89,602,000
% of MGM allowance for doubtful accounts to the accounts receivable = Allowance for doubtful accounts / Net Accounts Receivable* 100
=$89,602,000/ $562,947,000 (*100)= 15.916= 15.92%
We can check the answer by applying the percentage to the given amount of the accounts receivable = 15.92% of $562,947,000= $ 89621,162 which is almost the same as $89,602,000. We get the slight difference in the numbers due to the rounding off as the actual percentage was 15.916
Answer:
a. 12.88 times
b. 28.35 days
c. 28.35 days
Explanation:
a. Receivables turnover
Receivables turnover = Credit sales ÷ Receivables
= $6,787,626 ÷ $527,164
= 12.88 times
b. Days’ sales in receivables
Days' sales in receivables = 365 days ÷ Receivables turnover
= 365 ÷ 12.88
= 28.35 days
c. On average it would take 28.35 days for credit customers to pay off their balances during the last year.
Answer:
5. 11.1%
Explanation:
the options for this question are missing:
- 5%
- 7.8%
- 10%
- 10.5%
- 11.1%
I prepared the following equation:
$100,000 = $45,000(1 + i)³ + x(1 + i)⁵
There is something that we must remember about zero coupon bonds, and that is that they are sold in thousands. This equation is complex, but there is an easier way to solve it. We can plug in the options to determine which % will result in a possible answer.
The answer is 11.1%, since the other options resulted in numbers which are not even close to a thousand.
$100,000 = $45,000(1.111)³ + x(1.111)⁵
$100,000 = $61,709.88 + 1.2763x
$38,290.12 = 1.2763x
x = $38,290.12 / 1.2763 = $30,000
Answer:
A
D
Explanation:
Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested.
Because the IRR of both projects are positive, both projects are acceptable.
If the manager can only choose one project, she should choose the one with the higher IRR because it would be more profitable.
Answer:
D. Both A and B above are true
Explanation:
A. The unemployment rate equals 4.4%
The unemployment rate for a country is the division between the Unemployed ( 7.1 million) and the Labor force (160.2 million):
That is true.
B. The labor force participation rate is 62.9%
The participation rate is simply what percentage represents a number versus the total, in this case, the percentual participation of the labor force in the working age population:
That is true.
C. The labor force is 254.6 million
This is false, the labor force is 160.2 million, the working age population is 254.6 million.
So the correct answer is D.