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MA_775_DIABLO [31]
3 years ago
12

Franklin Aerospace has a quick ratio of 2.00x, $36,225 in cash, $20,125 in accounts receivable, some inventory, total current as

sets of $80,500, and total current liabilities of $28,175. The company reported annual sales of $200,000 in the most recent annual report. Over the past year, how often did Franklin Aerospace sell and replace its inventory? 2.86x 8.28x 8.01x 9.11x
Business
1 answer:
KIM [24]3 years ago
3 0

Answer:

8.28 times

Explanation:

Quick Ratio = \frac{CA\ -\ Inventory\ - Prepaid\ Expenses}{Current\ Liabilities}

wherein, CA = Current Assets

Inventory =  Total Current assets - cash - accounts receivables

Inventory = 80,500 - 36225 - 20125 = $24,150

Inventory Turnover is used as a measure to know how frequently a firm uses and sells inventory in a given period of time.

A high inventory turnover ratio depicts how rapidly inventory is being sold. So higher the ratio, the better it is for a firm.

Inventory Turnover Ratio = \frac{Net\ Sales}{Average\ Stock} = \frac{200,000}{24,150}  = 8.28 times approx.

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As a long-term investment at the beginning of the 2018 fiscal year, Florists International purchased 30% of Nursery Supplies Inc
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Explanation:

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8 0
3 years ago
Jackson's catering services sold cookies to the local college. the college paid immediately. record this transaction in jackson'
Zarrin [17]

Jackson's catering services sold cookies to the local college. the college paid immediately. record this transaction in Jackson's accounting equation by increasing Cash; Increasing Revenues

This is further explained below.

<h3>What are Increasing Revenues?</h3>

Generally, The rise in a firm's sales from one quarter to the next is referred to as the revenue growth of the company.

Revenue growth, when expressed as a percentage, depicts the gains and reductions over time, which helps discover patterns in the company's performance.

In conclusion, The neighborhood university purchased cookies from Jackson's catering services.

The college made the payment right away. Jackson's accounting equation should be updated to reflect the effects of this transaction by raising Cash and Increasing Revenues.

Read more about Revenues

brainly.com/question/8645356

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7 0
2 years ago
Nissley Wedding Fantasy Corporation makes very elaborate wedding cakes to order. The owner of the company has provided the follo
Lena [83]

Answer:

$230.02

Explanation:

Calculation for what amount would the company have to charge for the Tijerina wedding cake to just break even

Size related $69.16

($1.33 per guest × 52 guests)

Complexity-related $56.84

($28.42 per tier × 2 tiers)

Order-related $74.72

($74.92 per order × 1 order)

Cost of purchased decorations for cake $29.30

Total cost $230.02

($69.16+$56.84+$74.72+$29.30)

The amount that the company would have to charge for the Tijerina wedding cake to just break even will be $230.02

3 0
3 years ago
Why is it so important for your credit report to be completely accurate?
zalisa [80]

Answer:

The correct answer is letter "A": If there is an error on your credit report, you are more likely to have higher interest rates or even get rejected for the loan altogether

Explanation:

Dealing with errors in your credit report is a disadvantage because financial institutions will have doubts about your credit history. In front of loan requests, banks are likely to increase the rate of interest they could charge you or even reject the loan at all because they will consider <em>the risk of lending you money is higher due to the inaccuracies on your credit report</em>.

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4 years ago
This case explores some issues related to entering a new foreign market and describes the strategies that one UK firm is using t
Serjik [45]

Answer:

1) Megabus may be a terribly late mover in U.S.A. intercity bus market. There have been few firms like hound that tried and failing within the past. However, Megabus has educate from the errors of hound, the corporate, WHO marched for an insolvency within the middle 90's. Hound lost its trade because of poorly continued bus stations, high charges and insecure circumstances. But, megabus has erudite from Greyhound's faults, and strained to not repeat those errors. Therefore, Megabus has underway the bus facilities that had price minimum as $1, free Wi-Fi, control retailers, comfy seating and trendy buses.

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Few Drawbacks besides the on top of realities are that the floating gas costs might have an effect on the portable and low tariffs might disturb the incomes if satisfactory range of customers don't take the trips.

2) Yes, Megabus has support from United Kingdom. It’s supported by additional largest conveyance firm in United Kingdom, "Stagecoach group". This cluster services quite eighteen thousand individuals, and is alleged to be one amongst the highest 250 companies in United Kingdom.

The competences Megabus service incorporates a capability to eliminate virtually twenty four thousand automotive emissions creating the corporate pay less on fuel price and reduce within the unharness of carbonic acid gas.

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