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maks197457 [2]
3 years ago
15

Suppose your firm receives a $ 3.2 million order on the last day of the year. You fill the order with $ 1.7 million worth of inv

entory. The customer picks up the entire order the same day and pays $ 1.4 million upfront in​ cash; you also issue a bill for the customer to pay the remaining balance of $ 1.8 million in 30 days. Suppose your​ firm's tax rate is 0.0 % ​(i.e., ignore​ taxes). Determine the consequences of this transaction for each of the​ following: a. Revenues b. Earnings c. Receivables d. Inventory e. Cash
Business
1 answer:
klio [65]3 years ago
4 0

Answer and Explanation:

The consequences of given transactions are as follows

a. Revenues rise by $3.2 million  as the firm received an order

b. Earnings rise by $1.5 million  as the firm received an order and it filled by an orders i,e ($3.2 - $1.7)

c. Receivables rise by $1.80 million  as it determines the remaining balance which ultimately increased the receivable balance

d. Inventory declined by $1.7 million  as the order is filled which ultimately declines the stock

e. The cash would rise by $1.4 million

= Earnings - receivable + inventory

= $1.5 million - $1.80 million + $1.7 million

= $1.4 million

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Answer:

a)  0.1728

b)  0.09183

c) 0.7354

d) $ 222.25

Explanation:

Given

mean = \mu = $367

Standard deviation = \sigma =$88

Cost of automobile repair is normally distributed.

a) We have to find P( x > 450 )

P( x > 450 ) = 1 - P( x <= 450 )

Using excel function,   P( x <= x ) = NORMDIST (x,  \mu, \sigma, 1 )

P( x > 450 )   = 1 - NORMDIST( 450 , 367, 88, 1 )

= 1 - 0.8272 = 0.1728

P( x > 450 ) = 0.1728

b)  P( x < 250 ) = NORMDIST( 250 , 367, 88, 1 ) = 0.09183

P( x < 250 ) = 0.09183

c) P( 250 < x < 450 ) = P( x <450 ) - P( x < 250 )

P( x <450 ) = NORMDIST( 450 , 367, 88, 1 ) = 0.8272

P( x < 250 ) = NORMDIST( 250 , 367, 88, 1 ) = 0.09183

P( 250 < x < 450 ) = 0.8272 - 0.09183 = 0.7354

P( 250 < x < 450 ) = 0.7354

d) We have P( X < a ) = 0.05

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Using Excel, = NORMINV ( Probability, \mu, \sigma )

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8 0
3 years ago
When builders were constructing a sidewalk they forgot to include an expansion joint between two of the?
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When builders were constructing a sidewalk they forgot to include an expansion joint between two of the segments, L= one.two m at to=twenty degree C.
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d. It determines the critical path for the completion of a series of interrelated activities.

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The Critical Path method is a method to lay out the different steps or interrelated activities of a project, in a graphical manner, that shows the interrelations, the time each activity takes to complete, the different alternatives or paths for project completion, and the total completion time for the project.

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On November 7, Mura Company borrows $370,000 cash by signing a 90-day, 8%, $370,000 note payable. 1. Compute the accrued interes
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Answer:

At 31 December, the Interest for 54 days accrues as follows :

Interest expense $17,740 (debit)

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On payment February 5, the Interest expense will be capitalized in the Note Payable as follows :

Note Payable $407,473 (debit)

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Explanation:

AT, November 7, When Mura Company borrows the money :

Cash $370,000 (debit)

Note Payable $370,000  (credit)

At 31 December, the Interest for 54 days accrues as follows :

Interest expense $17,740 (debit)

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At February 5, the interest for 60 days accrues as follows :

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Interest expense calculation = $370,000 × 8% × 60/90

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On payment February 5, the Interest expense will be capitalized in the Note Payable as follows :

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Note Payable Calculation = $370,000 + $19,733 + $17,740

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Today's board members are supposed to reflect a variety of independent viewpoints. Strategic monitoring and planning are the major responsibilities of a board of directors. Even though these phrases are frequently used, it's crucial to remember that these tasks constitute the foundation of effective company planning.

A board of directors serves much more than just as the organization's public face. When selecting new board members to fill open positions, boards often seek for specific traits. Board members anticipate that their other directors will be open to challenging and in-depth questioning that seek to examine all sides of an issue. Board members must be thoroughly informed about any significant issues that have an impact on the company. Because risks are multiplying and getting more complicated, identifying risks has become an essential component of the board job.

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