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svetlana [45]
3 years ago
12

Crane Company has these comparative balance sheet data:

Business
1 answer:
algol133 years ago
4 0

Answer and Explanation:

A. Current ratio= current assets/current liabilities

= 33900+158200+135600/113000 = 2.9

B. Account Receivable Turnover = Sales/ Average account receivables

= 379100 -28000/158200+135600/2) = 2.39

c) Average collection period =

365/ account receivable turnover

= 365/2.39 =

152.72 days

D. inventory turnover = cost of goods sold / average inventory

= 203800/135600+113000/2 = 1.64

E. Days in inventory = 365/inventory turnover=

365/1.64 = 222.561 Days

F. Cash debt coverage

= cash from operating activities - dividend / total debt

= (58000 - 19600 )/(226000) = 0.17

G. Current cash debt coverage = net cash provided by the operating activities / average current liabilities

=58000 /113000 + 135600/2) = 0.467

H. Cash flow available = cash flow from operating activities - Capital Expenditure- Cash Dividend

$(58000-27500-19600)

= $10900

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Answer:

Silven Industries

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Explanation:

a) Data and Calculations:

Estimated Production and Sales Units of Chap-Off = 140,000 boxes

Manufacturing cost per box:      Avoidable costs

Direct material              $ 3.70           $0.74 ($3.70 * 20%)

Direct labor                      2.00             0.20 ($2.00 * 10%)

Manufacturing overhead 1.60              0.16 ($1.60 * 10%)

Total cost                      $ 7.30            $1.10

Outside supplier's price for tubes = $1.20 per box

b) Unless there an alternative use for the machine used in making the tubes internally exists, it may not be cost-effective for Silven to buy from the outside supplier.  Alternatively, it should renegotiate a price per box that is less than $1.10 in order to stop making the tubes internally.

8 0
2 years ago
What precautions does the government take to protect money?
Anestetic [448]

Answer:

Americans piled into the metal as protection from the collapsing value of the dollar. But since the 1970s, the government has enacted a series of laws that have made owning gold more difficult, more costly, and less private.

Explanation:

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7 0
3 years ago
Ben and Carla Covington plan to buy a condominium. They will obtain a $229,000, 20-year mortgage at 5.0 percent. Their annual pr
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Answer:

$1,943.06

Explanation:

Monthly mortgage payment: $6.6 X $229 = $1,511.4

Monthly property taxes: $1,550/12 = $129.16

Monthly property insurance: $630/12 =$52.5

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4 0
3 years ago
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You are the manager of a popular hat company. You know that the advertising elasticity of demand for your product is 0.25. How m
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Answer:

20%

Explanation:

if the advertising elasticity = 0.25 and you want to increase the quantity demanded by 5%, you will need to increase advertisement by = 5 / 0.25 = 20%

The advertising elasticity measures how much does a change in advertising changes the quantity demanded of a product or service.  

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3 years ago
DEF Corporation had two issues of ordinary preferred stock with a $100 par value traded on the NYSE. One issue paid $5.56 annual
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Answer:

5.93%

Explanation:

Cumulative Dividend for both (5.56+5.88)          $11.44

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3 years ago
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