A society whose economic system is engaged in the processing and control of information is called a(n):

Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, in

IRINA_888 [86]

Answer:

Please see below

Explanation:

a. Current ratio

= Total current asset / Total current liabilities

2017

Current asset. 890,400

Current liabilities 424,000

Current ratio = 890,400/424,000

= 2.1

2016 Current ratio

Current asset. 999,600

Current liabilities 357,000

Current ratio = 999,600/357,000

= 2.8

b. Earnings per share

= (Net income - Preference dividend) / Weighted average number of shares outstanding

2017

Net income. 166,830

Weighted Average number of shares outstanding 201,000

Earnings per share = $166,830/201,000

= $0.83

2016 Earnings per share

Net income $337,600

Weighted Average number of shares outstanding 211,000

Earnings per share = $337,600/211,000

= $1.6

c. Debt to asset ratio

= Total liabilities / Total assets

2017

Total liabilities 573,300

Total assets 1,950,000

= 573,300/1,950,000

= 0.29

2016 Debt to asset ratio

Total liabilities 552,132

Total assets 1,878,000

Debt to asset ratio = 552,132/1,878,000

= 0.29

d. Free cash flow

2017

Cash flow from operating activities 300,000

Less: capital expenditure (271,000)

Free cash flow 29,000

2016 free Cash flow from operating activities

Free cash flow 452,600

Less: capital expenditure (246,500)

Free cash flow. 206,100

5 0

3 years ago

"The direct method for preparing and reporting the statement of cash flows reports net income and then adjusts it for items nece

ruslelena [56]

Answer:

The correct option is A

Explanation:

The direct method is one of 2 accounting treatments used in preparing cash flow statement. The statemnet of cash flows direct method uses actual cash inflows and ouflows from a company's operations instead of modifying the operating section from accural accounting to a cash basis.

6 0

3 years ago

What is the difference between a price floor and a price ceiling?

Rufina [12.5K]

Just like in math, floor means to round down (minimum), ceiling means to round up (maximum).

The only one that'd make sense would be the first statement.

6 0

3 years ago

Read 2 more answers

In a fixed exchange rate system, how do countries address the problem of currency market pressures that threaten to lower or rai

Xelga [282]

Answer:

If demand falls, then countries must increase demand by buying excess supply with national currency ; If demand increases, countries must meet the excess demand for foreign exchange by selling their reserves.

Explanation:

The first analyzes we know about demand are those related to price fluctuations and the quantity of products or services in a given market, leading to changes in demand depending on the type of market competition, which leads us to consider the potential market, consumption level and distribution of family spending. This is where the opinion of the Marketing analyst becomes important, which should ask the following questions: How many people can buy our product? If the researcher tries to obtain a skateboard market potential, it is essential to investigate the number of births in the given period.

Just as the money supply is constituted by the total amount of money that exists in an economy, which is closely related to liquidity, as a consumer buying instrument. The so-called Total Monetary Demand arises, “the function that expresses the amount of wealth that people and companies keep in the form of money” and that at the time of consuming it is transformed into units of units of a good or service that consumers want Acquire at a specific time.

7 0

3 years ago

The Skagit Company manufactures Hooks and Nooks. The following shows the activities per product and total activity information:

gladu [14]

Answer:

Total factory overhead to be charged to each unit of Hooks is $33

Explanation:

Sum of all Activity Cost = Total Factory Overhead

Calculate the total factory overhead to be charged to each unit of Hooks

Activity rate = Budgeted amount / Total of each activity base

∴ Activity Rate

For Setups = 60,000 / 20,000 = 3 per setup

For Inspections = 120,000 / 24,000 = 5 per inspections

For Assembly = 420,000 / 28,000 = 15 per dlh

Activity Cost = Activity base for each unit * Activity rate

∴ Activity Cost

For Setups = 1 x 3 = $3

For Inspections = 3 x 5 = $15

For Assembly = 1 x 15 = $15

Recall that;

Sum of all Activity Cost is the Total Factory Overhead

= $3 + $15 + $15

= $33

8 0

3 years ago