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2 years ago

A recent annual report for FedEx contained the following data:

Business

1 answer:

Maru [420]2 years ago

7 0

FedEx

Accounts Receivable Turnover

Numerator Net Credit Sales = 35,687 = 9.02 times

Denominator Average Accounts Receivable (4415+ 3495)/2

Average Daily Accounts Receivable Turnover

Numerator Days in 4 Years = 0.365 4 4 = 46 debt turnover ratio of 9.02

Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to the creditworthiness or credit history of an individual or entity. In accounting, loans can reduce assets or increase liabilities, and can reduce expenses or increase income.

In personal banking or financial accounting, a credit is an entry indicating that money has been received. Normally, a checking account register has the balance (deposits) on the right and the debits (money spent) on the left. In a loan, all the requested amount is given at once at the time of lending, whereas in a loan, the bank uses the full amount of the loan to give the customer an amount that can be used as needed.

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One of the indirect costs of bankruptcy is the incentive toward underinvestment. underinvestment generally would result in?

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2 years ago

Macroeconomic forces contribute to an industry's ability to be profitable. Which of the following examples shows how a company m

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A home mortgage company creates a sales promotion with incentives for potential home buyers to take advantage of a particularly favourable interest rate.

Explanation:

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3 years ago

If a manufacturer is currently working to position its retail stores and determining how they will implement the four Ps, what a

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3 years ago

"Bank Three currently has $500 million in transaction deposits on its balance sheet. The Federal Reserve has currently set the r

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Answer:

FED - Balance Sheet

Assets- Securities: $30

Liabilities- Reserve Accounts: $30

Bank Three - Balance Sheet

Assets- Loans: $470

Reserve Deposits at Fed: $30

Liabilities- Transaction deposits: $500

If reserve requirement is 4%

FED - Balance Sheet

Assets- Securities: $20

Liabilities- Reserve Accounts: $20

Bank - Balance Sheet

Assets- Loans: $480

Reserve Deposits at Fed: $20

Liabilities- Transaction deposits: $500

If reserve requirement is 8%

FED - Balance Sheet

Assets- Securities: $40

Liabilities- Reserve Accounts: $40

Bank - Balance Sheet

Assets- Loans: $460

Reserve Deposits at Fed: $40

Liabilities- Transaction deposits: $500

Explanation:

Before:

500 million x 6% = 30 million

available for loan 500 - 30 = 470 million

after, with 4%:

500 millon x 0.04 = 20 million

500 - 20 = 480 available

after, with 8%:

500 millon x 0.08 = 60 million

500 - 40 = 460 available

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3 years ago