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4 years ago

Below are amounts (in millions) from three companies' annual reports.

Business

1 answer:

OlgaM077 [116]4 years ago

8 0

Answer:

1. Average Accounts Receivables = (Opening AR+Closing AR)/2

WalCo = 1,735 + 2,682 / 2 = 2208.5 = 2209

TarMart= 5,766 + 6,294 / 2 = 6030

CostGet= 549 + 585 / 2 = 567

Receivable Turnover Ratio = Net Sales / Average Accounts Receivables

WalCo= 314,427 / 2209 = 142.339 = 142.34

TarMart= 59,878 / 6030 = 9.903 = 9.90

CostGet= 60,963 / 567= 107.518 = 107.52

Average Collection Period = 365 / Receivable Turnover Ratio

WalCo= 365 / 142.34 = 2.56

CostGet= 365 / 9.90= 36.87

TarMart= 365 / 107.52= 3.39

2. Walco Company is the best Since it collects its AR in 2.56 days

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4 years ago

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B. Leadership

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3 years ago

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Answer:

Businesses that produce good products are rewarded with profits

Explanation:

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3 years ago

On January 1, Novak Corp. issued $3600000, 14%, 5-year bonds with interest payable on December 31. The bonds sold for $3859546.

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Answer:

the debit entry to Interest Expense is $463,145.52

Explanation:

The computation of the debit entry to Interest Expense is given below:

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3 years ago

At a sales volume of 30,000 units, Carne Company's total fixed costs are $30,000 and total variable costs are $45,000. The relev

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Answer:

$2.25

Explanation:

sale volume of company = 30,000 unit

total fixed cost are = $30,000

total variable cost $45,000 for 30,000 unit

1 unit = 45000/30000 = $ 1 . 5

for the sale of 40,000 unit

the total expected cost

= Fixed cost + Variable cost

= $30,000 + 40,000×$1.50

= $30,000+$60,000

= $90,000

Cost per unit:

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= $2.25

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4 years ago