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1 year ago

Which of the following statements about cover letters is false?

1 answer:

6 0

The false statement about cover letters from the list of options is C. A cover letter is sent before a résumé so that the employer knows it is coming.

<h3>What is a Cover Letter?</h3>

This refers to the one-page document that a job seeker submits with his resume or CV that serves as an introduction.

Hence, we can see that based on the fact that cover letters are used by job seekers to make an introduction of themselves, we can see that sending it before a resume is false.

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Clay’s Forging at Canal Fulton wants to determine its inventory management performance during its past year of operations. Refer

Tatiana [17]

Answer:

days on inventory 57 + collection cycle 163- payment cycle 63

CCCT = 157 days

Explanation:

The cash-to-cash measures the times from the company paid his good from the time it collect from the customer:

days inventory outstanding + collection cycle - payment cycle

<u>days inventory outstanding:</u>

$\frac{365}{Inventory TO} = $Days on Inventory$

Where:

$\frac{COGS}{Average Inventory} = $Inventory Turnover$

where:

$$$Average Inventory=(Beginning Inventory + Ending Inventory)/2$

COGS $ 1,790,000

Beginning Inventory: $ 273,000

Ending Inventory: $ 290,000

Average Inventory: $ 281,500

$\frac{1790000}{281500} = $Inventory Turnover$

Inventory TO 6.358792185

$\frac{365}{6.35879218472469} = $Days on Inventory$

Days on Inventory 57

<u>Collection cycle:</u>

$\frac{Sales}{Average AP} = $AP Turnover$

where:

$$$Average AP=(Beginning AP+ Ending AP)/2$

Purchases: 1,575,000

Beginning AP: 227,500

Ending AP: 316,200

Average AP: 271,850

$\frac{1575000}{271850} = $AP Turnover$

$\frac{365}{AP TO} = $payment cycle$

AP TO 5.793636196

payment cycle 63

<u>Collection cycle</u>

$\frac{Sales}{Average AR} = $AR Turnover$

Sales 102,000

Average AR 45,500

$\frac{102000}{45500} = $AR Turnover$

$\frac{365}{AR TO} = $collection cycle$

AR TO 2.241758242

$\frac{365}{2.24175824175824} = $collection cycle$

collection cycle 163

5 0

3 years ago

Marvin Corporation has the following information reported on the balance sheet as of December 31, 2017 Common Stock, $10 par val

SCORPION-xisa [38]

Answer:

How many shares of common stock are outstanding?

C. 3,000

Explanation:

Treasury stock, are those that the company repurchase from the market and keep it in the company, in this case the company keep the shares in the accounting and the shares could be reissued in the future.

The company issued 9,000 shares, it is reflected in the Common Stock account, $90.000 / $10 = 9,000.

Then in the Treasury Stock account are registered the shares that the company repurchases from the market, these are, 6,000 shares.

Finally the total Common Shares outstanding are 3,000.

3 0

3 years ago

Raven Company has a target of earning $70,000 pre-tax income. The contribution margin ratio is 30%. What amount of dollar sales

victus00 [196]

Answer:

Target dollar sales = $353,333

Explanation:

First we need to find out how much contribution do we need to get a profit of 70,000.

Profit= Contribution - Fixed cost.

70,000=Contribution-36,000

70,000+36,000=106,000

Contribution= 106,000

Now in order to find the sales we will use the formula

Target Sales= Contribution/Contribution margin

Contribution = 106,000

Contribution margin =30%=0.3

Input the values into the formula

106,000/0.3=353,333.333

6 0

3 years ago

Which of the following characterizes how conditions in China have challenged the world's food supply?

Ratling [72]

Answer:China is an extremely health conscious nation, and many people are vegetarians.

Explanation: i guessed

6 0

2 years ago

The Trektronics store begins each week with 360 phasers in stock. This stock is depleted each week and reordered. The carrying c

kifflom [539]

Answer:

$5,580 and $3,588

Explanation:

The computation is shown below:

Total Carrying costs is

= Average inventory × the carrying cost per phaser

= (360 phasers ÷ 2) × 31

= $5,580

And,

The Restocking cost is

= Number of orders × the fixed order cost

= 52 × 69

= $3,588

The 52 is the total weeks in a year

We simply applied the above formula

4 0

3 years ago