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7nadin3 [17]
3 years ago
7

Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total cur

rent assets of $79,000, and total current liabilities of $27,650. The company reported annual sales of $200,000 in the most recent annual report.
Over the past year, how often did Walker Telecommunications sell and replace its inventory?

a) 9.28x b) 8.01x c) 8.44x d) 2.86x
Business
1 answer:
laiz [17]3 years ago
3 0

Answer:

c) 8.44x

Explanation:

Total current assets = cash + account receivable + inventory

⇔ $79,000 = $35,550 + $19,750 + Inventory

⇒ Inventory = $79,000 - $35,550 - $19,750 = $23,700

The inventory circles based on annual sales = Sales/ inventory = $200,000/ $23,700 = 8.44

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TEA [102]

Answer:

8.15%

Explanation:

The weighted average cost of capital is the sum of costs of different  sources of finance multiplied by their respective weights as shown by the formula below:

WACC=(cost of equity*weight of equity)+(cost of preferred stock*weight of preferred stock)+(after-tax cost of debt*weight of debt)

cost of equity=11.25%

weight of equity=55%

cost of preferred stock=6.00%

weight of preferred stock=10%

after-tax cost of debt=6.50%*(1-40%)=3.90%

weight of debt=35%

WACC=(11.25%*55%)+(6.00%*10%)+(3.90%*35%)

WACC=8.15%

5 0
3 years ago
Another term for a pre- inspection agreement is
pentagon [3]
Another term for a pre-inspection agreement is
6 0
3 years ago
Shawn Bixby borrowed $39,000 on a 150-day, 9% note. After 80 days, Shawn paid $4,200 on the note. On day 113, Shawn paid an addi
shutvik [7]

Answer:

1,073.54 total interest

Explanation:

39,000 x 9% x 80days/360 = 780 interest expense

Payment 4,200 - 780 = 3,420 deducted form the note:

39,000 - 3,420 = 35,580

35,580 x 9% x 33/360 = 293.54 interest expense

6,200 - 293.54 = 5,906.47 deduced form the note

35,580 - 5,906.47 = 29,673,53

293.54 interest expense

780 interest expense

1,073.54 total interest

4 0
3 years ago
Based on the industry-low, industry-average, and industry-high values for the benchmarked data on p. 7 of the FIR, which one of
BARSIC [14]

Answer:

The Correct answer is "The Company’s cost of branded pair sold in the Asia-Pacific region was barely below the industry average".

Explanation:

At the point when the working benefits of the Company's Cost of branded pair sold in the Asia-Pacific district is below the normal of industry-high qualities, the organization's expense of branded pair sold in that area turns out to be subsequently a legitimate sign that there is positively Company's too high relative expense in atleast one components that it enjoys.

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3 years ago
Which of the following is NOT an element of the marketing mix?
frosja888 [35]

Answer: Option D

Explanation: The set of activities done by a company for marketing its product is called marketing mix. These are the factors that affect the marketing results of the entity and should be considered thoroughly while decision making.

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3. Place

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5. Packaging

6. Positioning

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THUS, DISTRIBUTION IS NOT ITS PART.

4 0
3 years ago
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