Answer:
Accounts receivable turnover = 11.58
Explanation:
The total sales of the company = $980000
Net sales of the company = $955800
Average account receivable = $82500
We have total sales, net sales, and average accounts receivable. Here, we are required to find the account turnover.
Use the below formula to find the account turnover:
Accounts receivable turnover = Net sales / average accounts receivable
Now insert the values:
Accounts receivable turnover = 955800 / 82500 = 11.58
Answer:
D) No Yes Yes
Explanation:
As we know that
The conversion cost includes the direct labor cost and the manufacturing overhead cost
And, the manufacturing cost records the
= Cost of direct material cost + Direct labor cost + Manufacturing Overhead cost
And, the prime cost includes the direct material cost and the direct labor cost that is directly related to the production process of the product.
Answer:
77.27% or
(17/22)%
The loan will accepted
Explanation:
property value 550,000
haircut 125,000
550,000 - 125,00 = 425,000 mortage value
425,000/550,000 = 77.27% = (17/22)%
The ratio is below the cutoff, so it is within the boundaries the lender expect. The loan will be given.
Answer:
47.37%
Explanation:
The capital budget is $625,000 out of which 40% is equity and the rest 60% is debt. The company forecasts the net income for the year to be $475,000. Grandin Inc. follows residual dividend policy and pays out all the residual income to its shareholders as dividend.
The portion of equity in the capital budget is $625,000 * 40% = $250,000
The net income potion which will be attributable to equity shareholders is
$250,000 / $475,000 = 47.37%
