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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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3 years ago

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Answer:

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Answer:

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3 years ago

Many people are fearful of flying with certain airline carriers if the carrier has experienced a major crash in the past. This d

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Answer:

Explanation:

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3 years ago

You are evaluating a proposed expansion of an existing subsidiary located in Switzerland. The cost of the expansion would be SF

antiseptic1488 [7]

Answer:

The completed question is this

You are evaluating a proposed expansion of an existing subsidiary located in Switzerland. The cost of the expansion would be SF21 million. The cash flows from the project would be SF5.5 million per year for the next five years. The dollar required return is 12 percent per year, and the current exchange rate is SF1.07. The going rate on Eurodollars is 6 percent per year. It is 3 percent per year on Swiss francs. a. Convert the projected franc flows into dollar flows and calculate the NPV. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answer in dollars, not in millions, e.g., 1,234,567.) NPV $ b-1. What is the required return on franc flows? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Return on franc flows b-2. What is the NPV of the project in Swiss francs ? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answer in francs, not in millions, e.g., 1,234,567.) NPV SF b-3. What is the NPV in dollars if you convert the franc NPV to dollars? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answer in dollars, not in millions, e.g., 1,234,567.) NPV

Explanation:

The solution to the given problem can be found in the attached file below

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3 years ago