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2 years ago

Find both the arithmetic growth rate and the geometric growth rate of the dividends for Custer's Ice Cream Shoppes.

Business

1 answer:

Katen [24]2 years ago

4 0

Answer:

Arithmetic Growth rate is about 19.89%

Geometric Growth rate is about 23.44%

Explanation:

Dividend Arithmetic Growth rate is calculated as follows

Step 1:

Find the growth rate of each year

Step 2:

Take its sum

Step 3:

Make an average by dividing the sum of all growths by Number of years in growth.

Dividend Arithmetic Growth rate is calculated as follows

Step 1:

Find the growth rate of each year

Step 2:

Take sum of all positive growth rates because geometric mean does not include the negative values.

Step 3: Multiply every growth and take the square root of the resultant product of these growths.

A MS Excel File is attached for the working. please find it.

Download xlsx

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If a company uses the balance sheet approach to estimate bad debt expense, bad debt expense for a period can be determined by: M

arlik [135]

Answer: d. Taking the difference between the unadjusted balance in the allowance account and the desired balance of the allowance account.

Explanation: Bad debt expense is an unfortunate cost of doing business with customers on credit and recognizing bad debts leads to an offsetting reduction to accounts receivable on the balance sheet.

The balance-sheet approach for estimating bad debts expresses uncollectible accounts as a percentage of accounts receivable. That is, it takes the difference between the current balance of allowance for doubtful accounts and the amount calculated.

Therefore, if a company uses the balance sheet approach to estimate bad debt expense, bad debt expense for a period can be determined by taking the difference between the unadjusted balance in the allowance account and the desired balance of the allowance account.

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2 years ago

In a market there is a shortage of a good. What change would cause the market to come to an equilibrium?

Oksi-84 [34.3K]

Answer:

D) a rise in price

Explanation:

At the equilibrium point, the quantity demanded and the quantity supplied are the same. There is no excess shortage or supply in both demand and supply.

A shortage occurs when suppliers are not able to meet the market demand. Here, demand is the quantity that buyers are willing to buys at a specific price over time. As per the law of demand, high product price causes demand to decrease while low price results in increased demand.

A shortage of a product means its demand is high. Many buyers are willing to buy the commodity at the current price. As per the law of demand, a price increase will result in reduced demand and achieve equilibrium.

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3 years ago

By lowering production costs, _____ help domestic producers compete against foreign imports. subsidies duties quotas tariffs

MrRa [10]

By dropping production costs, subsidies aid domestic manufacturers strive in contrast to foreign imports and attainment export markets. Subsidies proceeds many forms as well as cash grants, low interest loans, tax breaks and government equity contribution in domestic companies. Government subsidies should be paid for or usually by taxing people and businesses. The biggest protectors of the agricultural subsidies are the industrialized nations of the world and the consequence of subsidies is subsidies protect inefficient domestic producers. Conferring to the strategic trade policy, subsidies can assist a company to attain a first mover benefit in an developing industry. Non-tariff obstructions which comprise of subsidies, quotas, voluntary export restraints and anti dumping duties.

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2 years ago

Identify the correct order of the four steps used to prepare a production cost summary (report). 1)Summarize the cost flow of ph

Veronika [31]

Answer:

The answer is "Option C".

Explanation:

The Costs of production relate to the price of a company producing or producing a service, which can include the range of expenditures, like labor, manufactured goods, supplies of items, and expenses. It has mainly four steps that can be defined as follows:

Complete the physical unit flow.
Measure the production unit's equivalent.
Compare the value per unit for output equivalent.
Assign costs to finished units and manufactured units.

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2 years ago

Selected data from Emporia Company follow: Balance Sheets As of December 31 2018 2017 Accounts receivable $ 600,000 $ 480,000 Al

svet-max [94.6K]

Answer:

Compute the accounts receivable turnover for 2018.

4.29 times

Compute the inventory turnover for 2018

3.6 times

Compute the net margin for 2017.

24.58%

Explanation:

Compute the accounts receivable turnover for 2018.

accounts receivable turnover = Sales / Accounts receivable

= $ 2,400,000 / $ 560,000

= 4.29 times

Compute the inventory turnover for 2018

Inventory turnover = cost of Sales / inventory

= $1,800,000 / $ 500,000

= 3.6 times

Compute the net margin for 2017.

net margin = Net Profit / Sales × 100

= (2,400,000-1,810,000) / 2,400,000 × 100

= 24.58%

3 0

2 years ago