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shtirl [24]
3 years ago
6

What is accounts payable​ turnover? A. Purchases on account divided by average accounts payable B. A measure of the number of ti

mes a year a company is able to pay its accounts payable C. A measure of liquidity D. All of the listed answers are correct.
Business
1 answer:
goblinko [34]3 years ago
7 0

Answer:

The correct answer is letter "D": All of the listed answers are correct.

Explanation:

Accounts Payable Turnover ratio measures the speed at which a company pays its suppliers. The ratio is calculated by dividing the company's total purchases from suppliers by its average accounts payable amount over the same period. The accounts payable turnover ratio measures the liquidity firms have in the short-term.

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Suppose that you only have liability and comprehensive car insurance and you allow your roommate (who doesn't have car insurance
Ludmilka [50]
A. Your insurance policy will likely not cover the damages to your car.
7 0
3 years ago
Northern purchased the entire business of Southern including all its assets and liabilities for $2,400,000 on December 31, 2021.
stich3 [128]

Answer:

$400,000

Explanation:

The computation of goodwill is shown below:-

Fair value of assets = $3,200,000

Fair value of liabilities = $1,200,000

Cash paid for southern = $2,400,000

Acquired Net assets = $2,000,000

Net assets acquired = Fair value of assets - Fair value of liabilities

= $3,200,000 - $1,200,000

= $2,000,000

Goodwill acquired = Cash paid for southern - Acquired Net assets

= $2,400,000 - $2,000,000

= $400,000

5 0
3 years ago
Which of the following statements is CORRECT?a. Two firms with the same expected free cash flows and growth rates must also have
brilliants [131]

Answer:

.b. It is appropriate to use the constant growth model to estimate a stock's value even if its growth rate is never expected to become constant

TRUE The multi-stage valuation considers different grow rates for the subsequent years

Explanation:

a. Two firms with the same expected free cash flows and growth rates must also have the same value of operations

FALSE as their cost of capital can differ.

c. If a company has a weighted average cost of capital WACC = 12%, and if its free cash flows are expected to grow at a constant rate of 5%, this implies that the stock's dividend yield is also 5%.

FALSE dividend yield is a relationship between price and dividend it doesn't considers the growth of the company, just current values.

d. The value of operations is the present value of all expected future free cash flows, discounted at the free cash flow growth rate

FALSE They are discounted at the difference between return and grow rate

e. The constant growth model takes into consideration the capital gains investors expect to earn on a stock.

FALSE It considers the capital gains as speculations

8 0
3 years ago
Whispering Corporation has retained earnings of $715,700 at January 1, 2020. Net income during 2020 was $1,567,700, and cash div
Setler79 [48]

Answer:

$2,288,740

Explanation:

Preparation of a retained earnings statement for the year ended December 31, 2020

RETAINED EARNINGS STATEMENT

For the Year Ended December 31, 2020

Retained earnings, January 1, as reported $715,700

Correction for overstatement of expenses in

prior period (net of tax) $88,840

Retained earnings, January 1, as adjusted $804,540

($715,700+$88,840)

Add Net income $1,567,700

Less Cash dividends ($83,500)

Retained earnings, December 31 $2,288,740

($804,540+$1,567,700-$83,500)

Therefore retained earnings statement for the year ended December 31, 2020 will be $2,288,740

7 0
2 years ago
Congratulations! You just finished up your MHA. You are now making the big bucks!! You are pulling down $75,000 a year. Your est
aleksandr82 [10.1K]

Answer:

Balance available on hand at month-end is $1,750

Explanation:

Monthly gross salary=                        $6,250   ($75,000 / 12 month)

Less: Payroll Taxes                             <u>$1,250</u>    ($6,250 * 20%)

Net Monthly salary                             $5,000

Add: Monthly Consultancy Income    <u>$100</u>

Monthly income available on hand  <u>$5,150     $5,150</u>

Less: Monthly Car note            $350

Monthly Car gas                       $50

Monthly mortgage                    $850

Monthly Health insurance        $400

Monthly food spending            $300

Monthly student loan payment $300

Monthly credit card payable     $1,100

Total deductions                        <u>$3,350             $3,350</u>

Balance available on hand at month-end            <u>$1,750</u>

8 0
3 years ago
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