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3 years ago

Effects of containerisation,..... 10 points

1 answer:

4 0

Containerization did away with the manual sorting of most shipments and the need for warehousing. It displaced many thousands of dock workers who formerly handled break bulk cargo. Containerization also reduced congestion in ports, significantly shortened shipping time and reduced losses from damage and theft.

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Wiemers’s 2017 income statement included net sales of $109,000, cost of goods sold of $59,500, and net income of $14,300. Comput

Blizzard [7]

Answer:

(a) Current ratio = 2.88 : 1

(b) Acid test ratio = 2.03 : 1

(d) Inventory turnover = 6.65 times

(e) Profit margin = 13.12%

(f) Asset turnover = 0.95 times

(g) Return on assets = 12.43%

(h) Return on common stockholders' equity = 14.62%

(i) Debt to assets ratio = 11.17%

Explanation:

Note: This question is not complete. See the attached pdf file for the complete question.

The explanation of the answer is now provided as follows:

a. Current ratio

Current assets = Cash + Accounts receivable (net) + Inventory = $4,100 + $20,900 + $10,400 =

Current liabilities = Accounts payable = $12,300

Current ratio = Current assets / Current liabilities = $35,400 / $12,300 = 2.88 : 1

b. Acid test ratio

Acid test ratio = (Current assets – Inventory) / Current liabilities = ($35,400 - $10,400) / $12,300 = 2.03 : 1

(c) Accounts receivable turnover.

Net sales = $109,000

Average accounts receivable = (20,900 + 23,200) / 2 = $22,050

Accounts receivable turnover = Net sales / Average accounts receivable = $109,000 / $22,050 = 4.94 times

(d) Inventory turnover.

Cost of goods sold = $59,500

Average inventory = (10,400 + 7,500) / 2 = $8,950

Inventory turnover = Cost of goods sold / Average inventory = $59,500 / $8,950 = 6.65 times

(e) Profit margin.

Net income = $14,300

Net sales = $109,000

Profit margin = Net income / Net sales = $14,300 / $109,000 = 0.1312, or 13.12%

(f) Asset turnover.

Net sales = $109,000

Average total assets = ($110,100 + $119,900) / 2 = $115,000

Asset turnover = Net sales / Average total assets = $109,000 / $115,000 = 0.95 times

(g) Return on assets.

Net income = $14,300

Average total assets = ($110,100 + $119,900) / 2 = $115,000

Return on assets = Net income / Average total assets = $14,300 / $115,000 = 0.1243, or 12.43%

(h) Return on common stockholders' equity

Net income = $14,300

Common stockholders' equity = Common stock + Retained earnings = $74,500 + $23,300 = $97,800

Return on common stockholders' equity = Net income / Common stockholders' equity = $14,300 / $97,800 = 0.1462 = 14.62%

(i) Debt to assets ratio

Total liabilities = Accounts payable = $12,300

Total assets = $110,100

Debt to assets ratio = Total liabilities / Total assets = $12,300 / $110,100 = 0.1117, or 11.17%

Download pdf

8 0

3 years ago

Philip Morris bought Miller Brewing and used its marketing expertise to improve Miller's market share. This justification for di

olga2289 [7]

Answer:

The correct answer is the option B: Capitalizing on core competencies.

Explanation:

To begin with, in the field of business when we talk about "core competencies" we use the term to refer to something that a company can add to its business strategy with the purpose to add more value to the final benefit that the final consumer will obtain from the consumption of the good. Therefore that it means that capitalizing on core competencies refers to the situation where a company decides to add a superior value to its product by achiving diversification in its strategy and more specifically in this case, in its marketing campaign so that is why that Philip Morris will capitalize on core competencies by using marketing expertises from the other firm that has just bought.

3 0

3 years ago

Assume that Windsor, Inc. uses a periodic inventory system and has these account balances:

erastovalidia [21]

Answer:

Net Purchase = $365,000

Cost Of Goods purchased = $382,100

Explanation:

given data

Purchases = $383,500

Purchase Returns and Allowances = $12,100

Purchase Discounts = $6,400

Freight-in = $17,100

to find out

net purchases and cost of goods purchased

solution

we know that Net Purchase is express as

Net Purchase = Purchases - Purchase Discount - Purchase Return and Allowances .........................1

put here value in equation 1 we get

Net Purchase = $383,500 - $6,400 - $12,100

Net Purchase = $365,000

and

Cost Of Goods purchased = Net Purchase + Freight ....................2

so put here value

Cost Of Goods purchased = $365,000 + $17,100

Cost Of Goods purchased = $382,100

3 0

3 years ago

Consider a firm with a contract to sell an asset for $138,000 five years from now. the asset costs $74,000 to produce today. giv

shepuryov [24]

The cost to produce today = 74000

At a discount of 12%, the future value of costs in 5 years = PV*(1+r)^n where PV = 74000, r= 12% = 0.12 and n = 5 years = 5

The value of costs in 5 years = 74000*(1+0.12)^5

The value of costs in 5 years = 74000*1.12^5

The value of costs in 5 years 130,413.28

Price in 5 years = 138,000

Profit = 138,000-130,413.28 = 7,586.72

The profit the firm will make on this asset (considering time value of money) = $7,586.72

6 0

4 years ago

Identify the examples of good internal controls designed to protect cash received in the mail. (check all that apply.)

adoni [48]

Two people are assigned the task of, and are present for, opening the mail. The recordkeeper and the person who reconciles the bank balance do not have access to cash.

An organization may define internal controls as a set of policies and practices to safeguard its resources, increase productivity, improve financial accountability, ensure corporate guidelines, and stop employee fraud. Since there is a precise and trustworthy accounting system, internal controls are meant to ensure that loss is eliminated. Internal control involves the timely use of both internal and external auditing or financial reporting resources. As a result, it helps maintain correct and proper financial records, which also helps increase operational effectiveness. Internal controls that are implemented correctly aid in improving operational effectiveness, safeguarding assets, providing accurate financial information, preventing fraudulent or illegal behavior, and timely filing of financial reports.

Learn more about Internal control here:

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3 0

2 years ago