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3 years ago

14

I accidentally must have downloaded a copyrighted mp3, so i decided to _____ it off of my hard drive, leaving no trace that i ev

er downloaded it.

1 answer:

OlgaM077 [116]3 years ago

4 0

<span>DELETE because it makes sense you welcome </span>

You might be interested in

Ordonez Lumber Yard has a current accounts receivable balance of $442,016. Credit sales for the year just ended were $9,358,610.

shutvik [7]

Answer:

Receivables turnover= Sales/ Accounts Receivables

Receivables turnover= $9,358,610 / $442,016

Receivables turnover= 21.173 times

Days' sales in receivables= 365 days/ Receivables turnover

Days' sales in receivables= 365 days/ 21.173 times

Days' sales in receivables= 17.239 days

Average collection period= Days' sales in receivables = 17.239 days

8 0

3 years ago

Cooper Company currently uses the FIFO method to account for its inventory but is considering a switch to LIFO before the books

VLD [36.1K]

Answer:

Cooper Company

1. FIFO:

Current ratio

= 3.15

Inventory turnover ratio

= 1.34

Rate of return on operating assets

= 12%

2. LIFO:

Current ratio

= 2.85

Inventory turnover ratio

= 1.73

Rate of return on operating assets

= 12.8%

Explanation:

a) Data and Calculations:

Merchandise inventory, January 1 $1,430,000

Current assets 3,603,600

Total assets (operating) 5,720,000

Cost of goods sold (FIFO) 2,230,800

Merchandise inventory, December 31 (LIFO) 1,544,400

Merchandise inventory, December 31 (FIFO) 1,887,600

Current liabilities 1,144,000

Net sales 3,832,400

Operating expenses 915,200

FIFO

Merchandise inventory, December 31 (FIFO) $1,887,600

Cost of goods sold (FIFO) 2,230,800

Goods available for sale $4,118,400

Merchandise inventory, January 1 1,430,000

Purchases $2,688,400

LIFO:

Goods available for sale $4,118,400

Merchandise inventory, December 31 (LIFO) 1,544,400

Cost of goods sold (LIFO) $2,574,000

Income Statements FIFO LIFO

Net sales $3,832,400 $3,832,400

Cost of goods sold (FIFO) 2,230,800 2,574,000

Gross profit $1,601,600 $1,258,400

Operating expenses 915,200 915,200

Net income $686,400 $343,200

Merchandise inventory, December 31 (LIFO) 1,544,400

Merchandise inventory, December 31 (FIFO) 1,887,600

Difference between FIFO and LIFO = 343,200

FIFO Difference LIFO

Current assets 3,603,600 343,200 3,260,400

Total assets (operating) 5,720,000 343,200 5,376,800

Cost of goods sold (FIFO) 2,230,800 2,574,000

Merchandise inventory, January 1 1,430,000 1,430,000

Merchandise inventory, December 31 1,887,600 1,544,400

Current liabilities 1,144,000 1,144,000

Average inventory 1,658,800 1,487,200

FIFO:

Current ratio = current assets/current liabilities

= $3,603,600/$1,144,000 = 3.15

Inventory turnover ratio = Cost of goods sold/Average Inventory

= $2,230,800/$1,658,800

= 1.34

Rate of return on operating assets = Net income/Total assets * 100

= $686,400/$5,720,000 * 100

= 12%

LIFO:

Current ratio = $3,260,400/$1,144,000

= 2.85

Inventory turnover ratio = $2,574,000/$1,487,200

= 1.73

Rate of return on operating assets = $686,400/$5,376,800 * 100

= 12.8%

3 0

3 years ago

Karen doesn’t like driving to the local bank branch, but doesn’t think that it is secure to do financial transactions on her pho

timofeeve [1]

It would probably be best to choose online banking and only use her local bank when necessary.

8 0

3 years ago

Read 2 more answers

To what extent do you think Semler would succeed as a leader in other types of organizations

iren2701 [21]

Answer:

to a large extend

Explanation:

Remember Semler's business was a marine-pump business, which he transformed into a multi national business.

He did so by:

democratizing his workplace, which could be done in other types of organisations.
changing his own leadership style by giving workers more control. Thus even in other types of organisations positive leadership style changes could be successful.

8 0

3 years ago

Warranties do little to inform the customer about perceived product quality and manufacturer commitment to customer satisfaction

sammy [17]

Warranties do little to inform the customer about perceived product quality and manufacturer commitment to customer satisfaction.

Proper products ought to have a stable value proposition and solve a real hassle, be comprehensible via customers, perform their undertaking as effortlessly and efficaciously as viable, and emerge as better and tougher to component with the more they may be used.

The perceptions customers have of a brand, its values and its products and services may have a dramatic effect on client buy behavior. If a business can foster effective perceptions targeted on these aspects, it is in all likelihood to construct a sustainable, loyal and growing consumer base.

Customer notion is extraordinarily motivated by the non-public revel in that a patron had even as buying and using a particular product. If the pleasant, customer support, rate, logo, coloration, discounts.

Learn more about customer satisfaction here:-brainly.com/question/14193273

#SPJ4

5 0

2 years ago