You do an internet search and the results list includes the Web site www.FDIC.gov. This information is?

Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts re

sweet [91]

Answer:

Explanation:

Balance Sheet

//2017// % // 2016 // % // 2015 //%//

Cash

//$31,800// 6% // $35,625 // 8% // $37,800 //10%//

Accounts Receivable

//$89,500// 17% // $62,500 // 14% // $50,200 //13%//

Inventory

//$112,500// 22% // $82,500 // 19% // $54,000 //14%//

Prepaid Expenses

//$10,700// 2% // $9,375 // 2% // $5,000 //1%//

TOTAL CURRENT ASSETS

//$244,500// 47% // $190,000 // 43% // $147,000 //39%//

Plant Assets

//$ 278,500// 53% // $ 255,000 // 57% // $ 230,500 //61%//

TOTAL NON CURRENT ASSETS

//$278,500// 53% // $255,000 // 57% // $230,500 //61%//

TOTAL ASSETS

//$523,000// 100%// $445,000 // 100% //$377,500 //100%//

Accounts Payable

//$129,900// 57% // $75,250 // 43% // $51,250 // 38% //

TOTAL CURRENT LIABILITIES

//$129,900// 57% // $75,250 // 43% // $51,250 // 38% //

Long Term Notes Payable

//$98,500// 43% // $101,500 // 57% // $83,500 // 62% //

TOTAL NON CURRENT LIABILITIES

//$98,500// 43% // $101,500 // 57% // $83,500 // 62% //

TOTAL LIABILITIES

//$228,400// 100% // $176,750 // 100% //$134,750//100%//

Common Stock

/$163,500// 55% // $163,500 // 61% // $163,500 //67%//

Retained Earnings

//$131,100// 45% // $104,750 // 39% // $79,250 //33%//

TOTAL EQUITY

//$294,600// 100% //$268,250 //100%// $242,750 //100%//

TOTAL EQUITY + LIABILITIES

//$523,000// 100%// $445,000// 100%// $377,500// 100%//

4 0

3 years ago

he 12-month period that ends when a company's activities are at their lowest point is called the:(A) Fiscal year.(B) Calendar ye

Nostrana [21]

Answer:

C) Natural business year.

Explanation:

A natural business year is the period of 12 consecutive monthsending at a low point of an organization's activities.

For example, a school district will have a natural business year of July 1 through June 30, since classes for the school year end in early June.

4 0

3 years ago

Information on a prospective investment for Wells Financial Services is given below. Period 1 2 3 4 Loan Funds Available 3000 70

Harman [31]

Answer:

Let Lt = Loan in period t , t= 1...4

It = Investment in period t, t= 1...4

These are the decision variables

The objective is to maximize the net income which is the difference between Loan and investment in period 4

Investment income in period 4 = 110% of I4 = 1.1I4

Expense and loan in period 4 = 1.085 L4

So,

Maximize Z = 1.1I4-1.085 L4

Constraints

L1<= 3000

I1<= 4500

L1-I1= 100( Payroll payment)

L2<= 7000

I2<= 8000

L2+1.1I1-1.085L1-I2=120

L3<=4000

I3<= 6000

L3+1.12I2-1.085L2-I3=150

L4<=5000

I4<=7500

L4+1.13*I3-1.085L3-I4=100

1.10I4-1.085L4>=0

Lt, It>=0

Putting this in excel sheet,

See remaining part in pictures attached.

Explanation:

See pictures attached.

7 0

3 years ago

If an economist wishes to determine whether there is evidence that average family incomes in a community exceeds $25,000:_______

nignag [31]

Answer: one tailed test should be utilized

Explanation:

From the question, we are informed that an economist wishes to determine whether there is evidence that average family incomes in a community exceeds $25,000.

A one tailed test should be utilized because the region of rejection will just have to be based on one side.

8 0

3 years ago

Swifty Corporation sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has v

Vlad1618 [11]

Answer:

The 3,448 units of Q-Drive would be required to sold at the break-even point.

Explanation:

For computing the how many units is to be sold at the break even point, first we have to calculate the contribution margin after that break even point is to be calculated, and than finally sale units is calculated.

1. Contribution : The contribution margin is a difference between selling price and variable cost per unit.

In mathematically,

Contribution margin = Selling price - variable cost per unit

So, for Q Drive, the contribution margin will be

= $150 - $90 = $60 per unit

Hence, the contribution margin for Q Drive is $60 per unit

Now, for Q Drive Plus , the contribution margin will be

= $195 - $105 = $80 per unit

Hence, the contribution margin for Q Drive Plus is $80 per unit

Now, the break even point is

= Fixed cost ÷ Total contribution margin

where,

Total contribution margin = sales mix 30% of contribution margin for Q Drive +sales mix 70 % of contribution margin for Q Drive Plus

= 30% × $60 + 70% × $80 = $74 per unit

Hence, the total contribution margin is $74 per unit

So, break even point is $850,500 ÷ $74 per unit = 114,93 units

So, sale value of units = 30% sales mix of break even point

= 30% × 114,93 units

= 3,448 units.

Thus, the 3,448 units of Q-Drive would be required to sold at the break-even point.

4 0

3 years ago