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3 years ago

Financial statement data at December 31 for Alpine Company are shown below.

Business

1 answer:

sesenic [268]3 years ago

5 0

Answer:

b. 121.7 days

Explanation:

Number of day's in sales = $\frac{Average\: Inventory}{Cost \:of \:Goods \:Sold} \times 365$

Here average Inventory = $\frac{380,000 \: + \:320,000}{2} = 350,000$

Therefore Number of days in sales = $\frac{350,000}{1,050,000} \times 365$ = 121.7 = days

Thus, in this manner we calculate the average number of days in sales, which are 121.7 days

b. 121.7 days

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____________ are sometimes called brand identities, are trademarkable devices that serve to identify and differentiate the brand

Tatiana [17]

Answer:

Brand Elements.

Explanation:

Based on the information provided within the question it can be said that the term being described are called Brand Elements. Like mentioned in the question this refers to different trademarkable elements that are used to express or represent a specific brand and set it apart from the rest of the market.

3 0

3 years ago

WACC. Eric has another get-rich-quick idea, but needs funding to support it. He chooses an all-debt funding scenario. He will

maks197457 [2]

Answer:

274.7%

Explanation:

The total amount that Eric will borrow will be = 43114311+33503350+13391339 = 90009000.

Now to calculate WACC, we will apply the WACC formula:

WACC = (43114311/90009000)*0.66 + (33503350/90009000)*0.88 + (13391339/90009000)*14.14

Hence,

WACC = 274.74%

The solution was very simple, we just applied the WACC formula by taking the total amount of debt in the denominator of each of the loans taken and multiplied it by the interest rate on which it is taken.

Hope this helps, although I think the values in the question are not correct, but nonetheless I have provide the correct solution according to the given values.

Thanks.

5 0

3 years ago

In 2005, Clear Channel (an owner of multiple popular radio stations) spun off concert promoter Live Nation into an independent c

lana [24]

The statement the price of radio programming should fall is false.

<h3>What is Complements-in-consumption </h3>

Complements in consumption can be defined as the way in which two or more product complement each other when use of consume together or when use jointly.

Hence, Based on the scenario the statement is false because assuming the both music radio ,and concert are complements in consumption the price of radio programming will not fall.

Learn more about Complements in consumption here:brainly.com/question/12194202

#SPJ1

3 0

1 year ago

Equipment was acquired on January 1, 2019 at a cost of $190,000. The equipment was originally estimated to have a salvage value

Sophie [7]

Answer:

Journal:

Dec. 31, 2022:

Debit Depreciation Expense $18,600

Credit Accumulated Depreciation $18,600

To record depreciation expense for the year.

Explanation:

a) Depreciation charge for each of the 3 years, calculated as ($190,000 - $22,000)/10 = $16,800

2019: $16,800

2020: $16,800

2021: $16,800

Accumulated Depreciation to date = $50,400 ($16,800*3)

b) Book Value on January 1, 2022 = $139,600 ($190,000 - $50,400)

c) New Depreciation charge from 2022 = $18,600 ($139,600 - $28,000) /6 years, the remaining useful life based on the revised estimate.

d) There is adjusting journal entry. Depreciation is an estimate based on judgement and past events. Judgement can change to address current events. So, there is no need adjusting the entries for the previous three years.

6 0

3 years ago

Throughout the course of your life, you have converted some of your cash on hand to certificates of deposit and bonds. You also

Serjik [45]

Answer:

intangible property

Explanation:

Intangible property can be defied as property that doesn't have any physical attributes that give them value. For example, a car is a tangible since you can drive it around, but a certificate of deposit is just a piece of paper (or even a computer code) and nothing else. The same applies to bonds and stocks, you know they are valuable but their value is not provided by their physical characteristics.

Other intangible property include patents, software, licenses, copyrights and trademarks. All of these can be extremely expensive, for example Microsoft is worth hundreds of billions and it sells digital ones and zeros.

4 0

3 years ago