Answer: Please check in the explanation column for answer
Explanation: The entries on the appropriate dates to record the declaration and payment of cash dividend in Sheffield Corporation is given as
Nov 1.
Debit: Cash Dividends 84,000
Credit: Dividends Payable 84,000
Dec 31.
Debit: Dividends Payable 84,000
Credit: Cash 84,000
Answer:
The gross profit margin of Candy Company is 65% (second option)
Explanation:
The gross profit margin is defined as:
Mg = (sales - costs) / price of sales
If for Candy Company the cost are $112,000 and sales $320,000 then the gross profit margin is:
Mg = ($320,000- $112,000) * 100% / $320,000 =
Mg = $208,000 * 100% / $320,000 = 0.65 * 100%
Mg = 0.65 * 100%
Mg = 65%
Answer:
The Company's cash cycle is 17.3 days
Explanation:
The cash cycle is computed by the following formula:
Receivable No of days+ Inventory No of days- Payables No of days
31.4 days + 22.4 days - 36.5 days = 17.3 days
In the above question, Ives Corp is making an efficient operation of its cash resources. The payables are more than inventory, so the payables are financing the inventory as well as partly the receivables.
Answer:
$800 million; more than a decade
Explanation:
If a pharmaceutical firm decides to develop a new drug. On average, it can cost $800 million and take more than a decade to discover a new drug, perform the necessary safety tests, and bring the drug to market.
Answer:
3. There will be less competition than when the industry was nationalized monopoly
Explanation:
Privatization transfers ownership of state-owned corporations or properties from the government to the private sector. The transfer is through the sale of government-held shares to another company or the general public.
Since state-owned enterprises are large corporations, privatization creates the possibility of forming private monopolies. The private monopolies are likely to dominate the market and stifle out the competition. They are also likely to increase prices as private business is profit-motivated, which is detrimental to consumers.
