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Jlenok [28]
3 years ago
15

​Piper, Inc. reported sales of $ 348000.00​; beginning net Accounts Receivable of $ 89000.00 and ending net Accounts Receivable

of $ 109000.00. What is Piper​ Inc.'s Accounts Receivable​ turnover?
Business
1 answer:
nadezda [96]3 years ago
4 0

Answer:

3.52 times

Explanation:

Given that,

Sales = $348,000

Beginning net Accounts Receivable = $89,000

Ending net Accounts Receivable = $109,000

Average accounts receivable:

= (Beginning net Accounts Receivable + Ending net Accounts Receivable) ÷ 2

= ($89,000 + $109,000) ÷ 2

= $198,000 ÷ 2

= $99,000

Accounts Receivable​ turnover:

= Sales ÷ Average accounts receivable

= $348,000 ÷ $99,000

= 3.52 times

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A company is trying to decide which product to manufacture. The following information is available: Costs Product A Product B Di
Art [367]

Answer:

Direct Labor

Explanation:

Direct labor cost is irrelevant to decide product A or product B because it is indifferent for both the product. direct labor cost will remain same in both the options.While Direct material 1,2 and 3 are different in both the option.

7 0
3 years ago
Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 21 years. To assess the value of the
Sunny_sXe [5.5K]

Answer:

PV= $259.89 million

Explanation:

Giving the following information:

Future Value= $800 million

Number of periods= 21 years

Relevant discount rate= 5.5 percent

<u>To calculate the present value, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= 800/1.055^21

PV= $259.89 million

5 0
3 years ago
3M Co. reports beginning raw materials inventory of $930 million and ending raw materials inventory of $880 million. 3M purchase
Naddik [55]

Answer:

raw material inventory turnover = 4.42

number of days sale in raw materials inventory = 21.97

Explanation:

given data

beginning inventory = $930 million

ending inventory = $880 million

purchased raw materials  = $3,956 million

used raw materials  = $4,006 million

solution

we get here first raw material inventory for turnover that is

raw material inventory turnover = \frac{raw\ material\ used}{average\ raw\ material}    ..............1

here average raw material inventory = \frac{930+880}{2}

average raw material inventory = $905 million

so from equation 1

raw material inventory turnover = \frac{4006}{905}  

raw material inventory turnover = 4.42

and

now number of days' sales in raw materials inventory will be as

number of days sale in raw materials inventory = \frac{ending\ raw\ material\ inventory}{raw\ material\ used}  × 365   .............2

put here value

number of days sale in raw materials inventory = \frac{880}{4006}  × 365

number of days sale in raw materials inventory = 21.97

8 0
3 years ago
You are ready to buy a house, and you have $20,000 for a down payment and closing costs. Closing costs are estimated to be 4% of
Bess [88]

Answer:

So we can offer for the house $180119.95

Explanation:

Monthly income =$4000

Monthly mortgage payment allowed (P)= 25% of 4000= $1000

Interest rate per month (i)= 0.5%

Number of months in total (n)= 30*12= 360

Maximum loan affordable = P*(1-(1/(1+i)^n))/i

=1000*(1-(1/(1+0.5%)^360))/0.5%

=$166791.61

Closing cost is 4% of loan value = 166791.61*4% =$6671.66

Balance Amount left for down payment = 20000-6671.66

=$13328.34

It means we can pay $6671.66 for closing cost of Loan and $13328.34 for down payment.

Cost of house paid maximum = Down payment + Affordable loan

=13328.34+166791.61

=$180119.95

So we can offer for the house $180119.95

7 0
3 years ago
The firm negotiates a new agreement with its workers for lower wages. The ATC curve should be __________ and the AFC curve shoul
WINSTONCH [101]

Lower; unchanged

  • Average total cost (ATC) in economics is calculated as total fixed and variable costs divided by the number of units produced. The normal shape of the average total cost curve is a U, meaning it drops, bottoms out, and then rises. The total cost of an organization is the sum of its fixed and variable costs.
  • The vertical summation of AFC and AVC must be obtained in order to graph average total costs (ATC). Plot the points as shown on the left after adding the two at each output level. Because it is the result of adding the AFC and AVC curves, the ATC curve is higher than the other two. You can see that it is U-shaped, just like the AVC curve, on the left.

Thus this is the answer.

To learn more about curve, refer: brainly.com/question/25109150

#SPJ4

4 0
2 years ago
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