Answer:
The answer is
1. -$96 million
2. 0.52:1
Explanation:
1. Working capital = total current assets - total current liabilities
Current assets:
Cash. $ 31.9 million
Accounts receivable $21.0 million
Inventory $28.1 million
Other current assets. $23.0 milllion
Total current assets $104.0 million
And current liabilities is$200.0 million
Therefore, working capital is:
$104 - $200
= -$96 million
2. Current ratio = current assets/current liabilities
$104 million / 200 miliion
=0.52:1
Answer: See explanation
Explanation:
Number of units sold = 76000
Percentage repair= 2%
Estimated defective units = Percentage repair × Units sold = 2% × 76000 = 1520
Actual defective units = 490 + 350 + 210 = 1050
Unclaimed warranty = Estimated defective units - Actual defective units = 1520 - 1050 = 470
Repair cost = $50
Warranty expense = 470 × $50 = $23500
The journal entry will then be:
31 December:
Debit: Product warranty expense = $23500
Credit: Estimated liability for product warranty = $23500
Answer:
$85,260.
Explanation:
The Pound industries customer service department incurs $203,000 when 7,000 calls were made. The calls allocated to wholesale operations are 2,940 calls. To identify cost per call, we divide total cost by number of calls initiated.
Cost per call = $203,000 / 7000 calls
Cost per call = $29.
Wholesales operations cost = No. of calls for wholesale operation / Cost per call.
Wholesale operations cost = 2,940 calls * $29 / call
Wholesale operation cost allocated amount = $85,260.
When ebay and amazon.com cut out the majority of middlemen that normally would participate in the exchange process, it is an example of D) Diversification
The elimination of the bulk of middlemen who would typically take part in the exchange process by ebay and amazon.com is an example of. Reverse auctioning, deregulation, reintermediation, disintermediation, and diversification are some examples of strategies. answer:
The trading of stocks, bonds, commodities, options, and futures takes place on an exchange. Maintaining fairness and order among buyers and sellers, as well as effectively disseminating information regarding prices for any sort of security traded on that exchange, are the primary goals of an exchange.
A public open auction where real and personal property is bought and sold. Traditionally, the auctioneer will accept the highest (and final) bid after a series of increasing bids or proposals from prospective buyers (who is usually an agent of the seller).
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