Answer:
The average collection period of the company is 18 days
Explanation:
The formula for computing the average collection period of the company is as follows:
Average Collection period = 365 / Accounts receivable turnover ratio
where
Accounts receivable turnover ratio is computed as:
Accounts receivable turnover ratio = Net credit sales / Average accounts receivable
Putting the values above:
Accounts receivable turnover ratio = $400,000 / $20,000
Accounts receivable turnover ratio = 20
Now putting the values of the Accounts receivable turnover ratio in the formula of average collection period:
Average collection period = 365 / 20
= 18.25 or 18 days
Answer:
the numbers of the first part are missing here, so I looked for a similar one:
"The Packaging Department started the month with 300 units in process that were 70% complete, receiving 2,000 units from the Cutting Department. The Packaging department had 200 units in process at the end of the period that are 40% complete.
All materials are added at the beginning of the process and conversion is added uniformly.
From the Packaging Department, units are transferred to Finished Goods."
Since we are not asked to calculate costs, we are told to calculate equivalent units for conversion costs, the formula would be:
total units finished and transferred out = 300 + 2,000 - 200 = 2,100
equivalent units of ending WIP = 200 x 40% = 80
total equivalent units = 2,100 + 80 = 2,180 equivalent units
Answer:
MIRR = 16.6%
Explanation:
We have the formula to calculate the MIRR of the project:
+) ![MIRR =\sqrt[n]{\frac{FV}{PV} } - 1](https://tex.z-dn.net/?f=MIRR%20%3D%5Csqrt%5Bn%5D%7B%5Cfrac%7BFV%7D%7BPV%7D%20%7D%20-%201)
In which:
- FV - terminal value, the future value of net cash inflow which is assumed to be re-invested at the rate of cost of capital = WACC = 12.25%
- PV - the present value of the net cash outflows during the investment at the rate of cost of capital = WACC
- n: numbers of years (n=4)
The future value of net cash inflow Year i = Cash inflow × (1 + Cost of capital)^(number of years reinvested)
= Cash inflow × 1.1225^(n - i)
+) 
= $424.327
+) 
= $403.202
+) 
= $381.65
+) 
= $360
<em>=> Terminal Value = 424.327 + 403.202 + 381.65 + 360 = $1569.179</em>
<em />
Present Value Year i = 
The project requires the initial investment = - $850 and there are no cash outflows during 4 years of the project
<em>=> PV of the project = PV Year 0 = </em>
<em> = 850</em>
=> MIRR = ![\sqrt[4]{\frac{1569.179}{850}} - 1](https://tex.z-dn.net/?f=%5Csqrt%5B4%5D%7B%5Cfrac%7B1569.179%7D%7B850%7D%7D%20%20-%201)
= 0.166 = 16.6%
Answer:
$200,000
Explanation:
DIVIDEND can be defined as the amount of cash which is been paid regularly by a company to its shareholders out of its profits or surplus.
Property dividend of 20,000 shares ×
Fair value of the P stock at $10 per share on the declaration date of the property dividend.
Therefore:
20,000 x $10 = $200,000
The amount of DIVIDEND is $200,000
Answer:
D). Regardless of what Oceanic knew or could have discovered
