Answer: 451759.29
Explanation:
To solve the question, we need to calculate the current sales. This will be calculated by using the formula:
DSO = (Account receivable × 365) / Sales
54 = 820000 × 365 / Sales
Sales = 820000 × 365 / 54
Sales = 5542593
After the new policy, the expected sales will be:
= 5542593 × (1 - 15%)
= 5542593 × (1 - 0.15)
= 5542593 × 0.85
= 4711204.5
The level of accounts receivable following the change will be:
DSO = (Account receivable × 365) / Sales
35 = Account receivable × 365 / 4711204.5
Account receivable = 35 × 4711204.5 / 365
Account receivable = 451759.29
Answer:
rate = 6.54%
Explanation:
we need to find the rate at which a capital of 300,000 becomes 1,000,000 in a period of time of 19 years.
<u>So we build the following equation:</u>


![r=\sqrt[19]{1,000,000 \div 300,000}-1](https://tex.z-dn.net/?f=r%3D%5Csqrt%5B19%5D%7B1%2C000%2C000%20%5Cdiv%20300%2C000%7D-1)
rate = 0.065417765 = 6.54% after rounding
This will be the rate my parent will require to generate 1,000,000 in 19 years with their current savings of 300,000.
Answer:
question
1. how much amortization expense on the goodwill can Ingrid deduct in year 1, year 2, year 3?
2. In lieu of the original facts, assume that Ingrid purchase only a phone list with a useful life of 5 years for $16,500.
How much amortization expense on the phone list can Ingrid deduct in year 1, year 2 and year 3?
Explanation:
The explanation is shown in the file attached. Thank you i hope it helps
Answer:
Diluted EPS = $3.0625
Explanation:
Earning per share (EPS) = earnings available to ordinary shareholders/ number of ordinary shares possible after conversion
Conversion of preferred stock into common stock
= 16,000
× 5 = 80,000
Number of ordinary shares = common stock + converted preferred stock
= 160000+ 80000 =240,000 units
$
Net Income 520,000
Preferred dividend (8%×100×16000) (<u>128000)
</u>
Earnings available to shareholders <u> 392000
</u>
Number of shares 240,000
Diluted Earnings per share
392,000/240,000= $3.0625
Diluted EPS = $3.0625
Answer:
b) Paying higher wages can reduce a firm's training costs.
c) Paying higher wages encourages workers to be more productive.
d) Higher wages attract a more competent pool of workers.
Explanation:
Firms will hire more labor when the marginal revenue product of labor is greater than the wage rate, and stop hiring as soon as the two values are equal. The point at which the MRPL equals the prevailing wage rate is the labor market equilibrium.
The idea of the efficiency wage theory is that increasing wages can lead to increased labour productivity because workers feel more motivated to work with higher pay. Paying higher wages encourages workers to be more productive. Higher wages attract a more competent pool of workers. Workers stay with employers longer (instead of seeking out better-paying work with other companies) reducing businesses’ turnover, hiring, and training costs.