Fill in the blank label in the above figure.

Your college bookstore is responsible for the gathering, sorting, and dispersing of books required for a literature course on ca

Nataly [62]

The function of gathering, sorting, and dispersing books required for a literature course by the college bookstore is an example of b. logistical functions that intermediaries perform.

The bookstore is an intermediary between the students (customers) and the publishers (suppliers) of the literature book. The bookstore is not performing a transactional, transitional, or facilitating function.

Thus, the college bookstore performs a logistical function by managing the inventory, transportation, and warehousing needs of the college.

Learn more:brainly.com/question/18686811

5 0

2 years ago

Use the following comparative figures for Apple and Google. Google 12.662 $ Key Figures Net income (in millions) Cash dividends

azamat

Answer and Explanation :

Few information is missing in the question kindly find the attachment

As per the data given in the question,

The formula and the computation is shown below

1) Book value per share = Equity applicable to share ÷ share outstanding

Apple Google

Equity common share a $134,047 $152,502

Common share outstanding b 5,126.201 694.783

Book value per common share a ÷ b $26.15 $219.50

2)Basic EPS = Net income ÷ weighted Avg common share outstanding

Apple Google

Net income a $48,351 $12,662

weighted Avg common share outstanding b 5217.242 693.049

Basic EPS a ÷ b $9.27 $18.27

3)Dividend yield = Cash dividend per common share ÷ Market price per share

Apple Google

Cash dividend per common share a 2.4 0

Market price per share b $154.12 $1046.4

Dividend yield a ÷ b 1.56% 0.00%

4) Price earning ratio = Market price per share ÷ Basic EPS

Apple Google

Market price per share a $154.12 $1046.4

Basic EPS b 9.26754 18.26999

Price earning ratio a ÷ b 16.63 57.27

5) A higher PE ration indicates that investors want to pay a higher share price because of growth expectation in near by future

Therefore Google has higher PE ratio

Hence, investors have greater expectation of performance of Google in future.

4 0

3 years ago

An analyst is evaluating two companies, A and B. Company A has a debt ratio of 50% and Company B has a debt ratio of 25%. In

Sidana [21]

Answer:

C) Company B has a higher operating return on assets than Company A, but Company A has a higher return on equity than Company B.

Explanation:

The B company has a minor debt ratio compared with company A. Which according to the following formula, permits to conclude it has a higher operating return.

Return on equity = Debt Ratio - Total Liabilities / Total Assets.

8 0

3 years ago

The Dawson Company manufactures small lamps and desk lamps. The following shows the activities per product and the total overhea

Aleks [24]

Answer:

The total factory overhead to be charged to the desk lamps is $235,000

Explanation:

solution attached below

8 0

3 years ago

The following trial balance was taken from the books of Sheridan Corporation on December 31, 2020.

Leokris [45]

Answer:

Sheridan Corporation

a. Adjusting Journal Entries on December 31, 2020:

a. Debit Insurance Expense $2,000

Credit Prepaid Insurance $2,000

To record the insurance expense for the year.

b. Debit Bad Debts Expense $2,680

Credit Accounts Receivable $2,680

To record bad debts written off.

c. Debit Depreciation Expense - Equipment $12,260

Credit Accumulated Depreciation - Equipment $12,260

To record the depreciation expense for the year.

d. Debit Interest Receivable $672

Credit Interest Revenue $672

To record interest revenue receivable on the note.

e. Debit Rent Prepaid $5,400

Credit Rent Expense $5,400

To record rent prepaid, previously recorded as an expense.

f. Debit Salaries and Wages Expense $5,800

Credit Salaries Payable $5,800

To record accrued salaries.

b. Closing Journal Entries on December 31, 2020:

Debit Sales Revenue $268,000

Interest Revenue $672

Credit Income Summary $268,672

To close the revenue accounts to the income summary.

Debit Income Summary $202,040

Credit:

Cost of Goods Sold 123,900

Salaries and Wages Expense 54,400

Rent Expense 6,800

Bad debts Expense 2,680

Insurance Expense 2,000

Depreciation Expense 12,260

To close the expense accounts to the income summary.

Explanation:

a) Data and Calculations:

Sheridan Corporation

Unadjusted Trial Balance as of December 31, 2020:

Account Titles Debit Credit

Cash $8,500

Accounts Receivable 40,700

Notes Receivable 11,200

Allowance for Doubtful Accounts $1,870

Inventory 35,300

Prepaid Insurance 4,720

Equipment 122,600

Accumulated Depreciation--Equip. 14,100

Accounts Payable 10,100

Common Stock 49,100

Retained Earnings 64,550

Sales Revenue 268,000

Cost of Goods Sold 123,900

Salaries and Wages Expense 48,600

Rent Expense 12,200

Totals $407,720 $407,720

Adjustments:

a. Insurance Expense $2,000 Prepaid Insurance $2,000

b. Bad Debts Expense $2,680 Accounts Receivable $2,680 (1% of $268,000)

c. Depreciation Expense - Equipment $12,260 Accumulated Depreciation - Equipment $12,260 (10% of $122,600)

d. Interest Receivable $672 Interest Revenue $672 (6% of $11,200)

e. Rent Prepaid $5,400 Rent Expense $5,400

f. Salaries and Wages Expense $5,800 Salaries Payable $5,800

Sheridan Corporation

Adjusted Trial Balance as of December 31, 2020:

Account Titles Debit Credit

Cash $8,500

Accounts Receivable 38,020

Notes Receivable 11,200

Interest Receivable 672

Allowance for Doubtful Accounts $1,870

Inventory 35,300

Prepaid Insurance 2,720

Prepaid Rent 5,400

Equipment 122,600

Accumulated Depreciation--Equip. 26,360

Accounts Payable 10,100

Salaries Payable 5,800

Common Stock 49,100

Retained Earnings 64,550

Sales Revenue 268,000

Interest Revenue 672

Cost of Goods Sold 123,900

Salaries and Wages Expense 54,400

Rent Expense 6,800

Bad debts Expense 2,680

Insurance Expense 2,000

Depreciation Expense 12,260

Totals $426,452 $426,452

8 0

3 years ago