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inysia [295]
3 years ago
11

Suppose there is a 10% rise in the price of gasoline. then, according to the law of –, we expect the quantity of gasoline suppli

ed to –. conversely, if the price goes –, quantity supplied will –, as well.
Business
1 answer:
KATRIN_1 [288]3 years ago
6 0
Law of supply and demand, increase, down, decrease
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The comparative statements of Wahlberg Company are presented here:Wahlberg CompanyIncome StatementsFor the Years Ended December
denpristay [2]

Answer:(a) 5.4 (b) 0.53, (c) 0.42, (d) 1.9 (e) 32.1 (f) 11.4 (g)17 (h) 21 (i) 3.4 (j) 3.7 (k) 41% (l) 86,000

Explanation:

(a) Earning per share = Total earning after tax / Number of shares

= Number of shares = 290,000 ÷ 5 = 58,000

= 313,400 ÷ 58,000 = 5.4

(b) Return on common stockholders equity

= Earning Available to ordinary equity /Total shareholders equity - preference shares

= 290,000/603,400 - 58,800

= 290,000 ÷ 544,600

= 0.53

(c) Return on Asset = Net income / Average Total Asset

= Average Total Asset = 1,026,900 ÷ 2 = 513,450

=218,000 ÷ 513,450

= 0.42

(d) Current Ratio = CurrentAsset ÷ Current Liabilities

= 377,900 ÷ 203,500

= 1.85

= 1.9 approximately

(e) Account Receivable Turnover = Annual credit sales ÷ Average Account Receivable

Average Account Receivable = 117,800 ÷ 2 = 58,900

= 1,890,540 ÷ 58,900

=32.09

= 32.1 approximately

(f) Average Collection Period = Average Account Receivable ÷ (Annual Sales ÷ 36365days )

=58,900÷ (1,890,540 ÷ 365)

= 58,900÷ 5,179.56

=11.37

= 11.4 approximately

(g) Inventory Turnover = Cost of good sold ÷ Average Inventory

Average inventory = 126,000 ÷ 2 = 63,000

1,058,540 ÷ 63,000 = 16.8

= 17 approximately

(h) Days in Inventory = 365 ÷ inventory turnover

= 365 ÷ 17 = 21.4

= 21

(i) Times interest earned = income before interest & income taxes ÷ interest expense

= 310,000 ÷ 92,000

= 3.36

= 3.4 approximately

(j) Asset Turnover = Net Sales ÷ Average Total Asset

Average Total Asset = 1,026,900 ÷ 2 = 513,450

= 1,890,540 ÷ 513,450

= 3.68

= 3.7 approximately

(k) Debt to Asset Ratio = Total Liabilities ÷ Total Asset × 100%

= 423,500 ÷ 1,026,900 × 100%

= 0.412 × 100

= 41.2%

= 41%

(l) Free cash flow = Cash from operating Activities - Capital Expenditure

=223,000 - 137,000

=86,000

8 0
3 years ago
Holtzman Clothiers's stock currently sells for $31.00 a share. It just paid a dividend of $1.00 a share (i.e., D0 = $1.00). The
Llana [10]

Answer:

1. Year 1 expected value = $32.24

2. Required rate of return = 7.35%

Explanation:

1. For computing the stock price which is expected 1 year from now is shown below:

= Current Price × (1+rate)^number of years

= $31 × (1+0.04)^1

= $31 × 1.04

= $32.24

Hence, the expected 1 year value of stock price is $32.24

2. The required rate of return is computed by using an formula which is shown below:

= (Current Year dividend ÷ Current stock price)+ growth rate

where,

current year dividend is = D1

And, D1 = DO × (1+g)

where,

DO = previous dividend share

g = growth rate

So, $1 × (1+0.04)

= $1 × 1.04

= $1.04

Now apply these values to the above formula

So, required rate of return is equals to

= ($1.04 ÷ $31) + 0.04

= 7.35%

Hence, the required rate of return is 7.35%

5 0
3 years ago
Method of Least Squares, Developing and Using the Cost Formula The method of least squares was used to develop a cost equation t
liberstina [14]

Answer:

Total cost of receiving 8000 parts: 2878700

Detailed solution is given in tabular form below:

5 0
3 years ago
Documents in a voucher system
amid [387]

Answer: 1 E, 2 C, 3 A, 4 F, 5 D, 6 B

Explanation:

Purchase requisition - A document used by department managers to inform the purchasing department to place an order with a vendor.

Purchase order - A document used to place an order with a vendor that authorizes the vendor to ship ordered merchandise at the stated price and terms.

Invoice - An itemized statement of goods prepared by the vendor listing the customer's name, items sold, sales prices, and terms of sale.

Receiving report - A document used to notify the appropriate persons that ordered goods have arrived, including a description of the quantities and condition of the goods.

Invoice approval - A checklist of steps necessary for the approval of an invoice for recording and payment; also known as a check authorization.

Voucher - An internal file used to store documents and information to control cash disbursements and to ensure that a transaction is properly authorized and recorded.

4 0
3 years ago
Janes, Inc., is considering the purchase of a machine that would cost $410,000 and would last for 5 years, at the end of which,
ki77a [65]

Answer:

- $33,678.21

Explanation:

Cash flow Summary of the Project will be as follows

Year 0 = $410,000 + $3,000 = - $413,000

Year 1 = $101,000

Year 2 = $101,000

Year 3 = $101,000

Year 4 = $101,000

Year 5 = $101,000 + $41,000 + 3,000 =  $145,000

So the Net Present Value can now be calculated using the CFj function of a Financial calculator as follows :

- $413,000 CF 0

  $101,000 CF 1

  $101,000 CF 2

  $101,000 CF 3

  $101,000 CF 4

 $145,000 CF 5

i/yr = 13%

Shift NPV = - $33,678.21

5 0
3 years ago
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