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denis23 [38]
3 years ago
12

The following information is for Ayayai Corporation as of December 31, 2017.

Business
1 answer:
Sergeeva-Olga [200]3 years ago
4 0

Answer:

         Flint Corporation current assets section of Balance Sheet

Particulars                                                                      Amount

Cash ($23,500 + 21,100)                                        43,600

Less: Restricted for plant expansion                    <u> 23,500</u>     <u>21,100</u>

Trading Securities                                                                     9,700

Accounts receivable                                               73,300    

Less: Allowance for bad debts                               <u>3,700</u>       69,600              

Interest receivables (19,600*7%*9/12)                                      1,029    

Inventories

Finished goods                                                                          33,300

Work in Progress                                                                        13,000  

Raw materials                                                                             <u>59,600</u>

Total Current Assets                                                                 <u>186,229</u>

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3 years ago
The managing activity of organizing
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Answer:

A). determines groups and assigns work activities

Explanation:

Organizing is the function of management that allows development of an organizational structure and allocate the work activities to ensure the completion of objectives.

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2 years ago
The beta of Stock A is –0.4 (indicating that its returns rise when returns on most other stocks fall). If the risk-free rate is
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=2.98%

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3 years ago
The Morris Corporation has $300,000 of debt outstanding, and it pays an interest rate of 8% annually. Morris's annual sales are
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Answer: 1.41

Explanation:

Given that,

Debt outstanding = $300,000

interest rate = 8% annually

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average tax rate = 40%

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interest amount = 300,000 × 0.08

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net profit = 4% of 1.5 million

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TIE ratio = \frac{EBIT}{Interest}

              = \frac{34,000}{24,000}

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