Answer:
1 Line item description Cost Retail
2 Beginning inventory 40000 360000
3 Purchases 1000000 10000000
4 Transportation in 50000
5 Purchase returns -20000 -196000
6 Net purchases(3+4+5) 1030000 9804000
7 Net additional markups 800000
8 Cost to retail ratio 1070000 10964000
component(2+6+7)
9 Net markdowns -500000
10 Sales -9800000
11 Ending inventory,retail(8+9+10) 664000
Setup calculation:
Cost to retail ratio = Cost to retail ratio component at cost/Cost to retail ratio component at retail
= 1070000/10964000
= 0.097592
= 9.76%
Ending inventory,cost = Ending inventory,retail*Cost to retail ratio
= 664000*9.76%
= $64806
Cost of goods sold = Sales*Cost to retail ratio
= 9800000*9.76%
= $956480
Answer:
A. must be more detailed for disclosures that involve fewer than 50 subject records.
Explanation:
The Health Insurance Portability and Accountability Act (HIPAA) of 1996 was a bill enacted by the 104th U.S Congress and was signed in 1996 by President Bill Clinton. It is a federal law that protects sensitive patient health information from being disclosed without their knowledge, approval or consent and payment of health care insurance for employees.
For example, an employee or worker can receive health insurance from his or her former employer even after changing job because of the Health Insurance Portability and Accountability Act (HIPAA).
When required, the information provided to the data subject in a HIPAA disclosure accounting must be more detailed for disclosures that involve fewer than 50 subject records.
Answer:
See explanation section
Explanation:
Req. A & B
If there is an increase in the net income over the year, the company is in profitability condition. As Omega industries are getting increased net income, it suggests their profitability.
EVM or enterprise value multiplier allows a company to compare the capital structure that the company uses. It is commonly used for valuing a business.
Req. C, D & E
In a financial plan, if the sales increase, it should be because of increasing working capital and fixed assets. We know, additional assets can generate more revenues.
A firm can collect approximately 8% of its annual sales at any given time. It can be found through the following way-
since the days' sales in receivables for 30 days in a year, the percentage of annual sales = (30 ÷ 365) × 100 = 8.22% or 8%
Answer:
All Individuals, whether rich or poor,are dissatisfied with their material well-being and would like more.
Explanation:
Individuals wanting more and not being satisfied with their material well being goes back to the fundamental problem of economics-unlimited human wants. Economists argue that human wants are unlimited and insatiable irrespective of their economic class. Whether rich or poor, no man is satisfied with his material well-being. Every man still feel something is lacking after acquiring so much or so little. He still has the scarcity problem.
This never-ending desire is embedded in the physiological make up of a man. When a man gets food, then he wants house. When he gets house, he wants car. When he gets a car, he wants to buy a private jet. In short, the more he gets, the more he wants more.
And that`s is the reason why you would win $1 million and stills not satisfied with having enough. You would still believe you lack something. You would still want to acquire more just to solve this scarcity problem.
Other options do not explain the problem ; they just points at microeconomics and macroeconomics issues.
Answer:
The internal growth rate is 4.36%
Explanation:
net income = 8.3%*386,400
= $32,071.20
net working capital = current assets – current liabilities
current assets – 37200 = 16700
= $53,900
total assets = current assets + net fixed assets
= 53,900 + 391,500
= 445,400
Then:
ROA = 53,900/445400
= 0.072005
b = 1 - 48% = 0.52
internal growth rate = 0.072005*0.52/1 - (0.072005*0.52)
= 0.041763/0.958237
= 4.36%
Therefore, The internal growth rate is 4.36%
