Answer:
Answer is given below.
Explanation:
Preferred stock yield = dividend/ stock price
a) dividend =$1.81 , stock price =$30
Preferred stock yield = $1.81/$30= 6.033%
b) dividend =$1.81 , stock price =$25
Preferred stock yield = $1.81/$25=7.24 %
Answer:
a. 15 times
b. 24.3 days
Explanation:
The computation is shown below:
a. Accounts receivable turnover
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
= $3,150,000 ÷ $210,000
= 15 times
b. Number of days sales in receivables = Total number of days in a year ÷ accounts receivable turnover ratio
= 365 days ÷ 15 times
= 24.3 days
Answer:
The question is incomplete, find complete question in the attached.
The receivables turnover for the current year is 9.02 times while average days sales in receivable is 41 days
Explanation:
The formula for computing receivables turnover ratio is given as:
Net credit sales/average accounts receivable,where average receivables is the opening plus closing receivables divided by two.
Net credit sales=$35,657
Average receivables =($3495+$4415)/2=$3955
Receivable turnover ratio=$35657/$3955
=9.02
Average days sales in receivable=number of days in the year/receivable turnover ratio
Average days sales in receivable=365/9.02
=40.47 days approx 41 days
The average days sales in receivable implies the average number of days it takes receivables to settle their accounts
Answer:
total product costs = $101750
Explanation:
given data
overhead costs = $ 100
Direct materials of $41,000
direct manufacturing labor = 450
per hour = $35
markup rate = 30 %
solution
we get here total product costs that is express as
total product costs = Direct materials + DML + MOH ..........1
total product costs = $41,000 + ( 450 × $35 ) + ( 450 × $100 )
total product costs = $41,000 + $15750 + $45000
total product costs = $101750
