Answer:
a. Current ratio = Total current assets / Total current liabilities = $366 / $226 = 1.62 to 1
b. Average receivable = (Beginning receivables + Ending receivables) / 2 = ($156 + $160) / 2 = $158
Average collection period = Number of days in year / Credit sales * Average accounts receivable = 365 / $1,702 * $158 = 33.88 days
c. Average Stockholder's equity = (Beginning equity + Ending equity) / 2 = ($500 + $550) / 2 = $525
Return on stockholder's equity = Net income / Average stockholder's equity = $112 / $525 = 21.33%
d. Earnings per share = Net income / Common shares outstanding = $112 / 46 = $2.43 per share
Price earnings ratio = Market price per share / Earnings per share = $50 / $2.43 = 20.58 times
e. Dividends per share = Dividends / Common shares outstanding = $92 / 46 = $2.00 per share
Dividend yield ratio = Dividend per share / Market price per share = $2.00 / $50 = 4.00%
Workings
Beginning retained earnings $346
Add: Net income $112
Less: Ending retained earnings -<u>$366</u>
Dividends <u>$92</u>
Answer:
B: False
Explanation:
Classroom is the place where different types of students come together and get education together. Each and every student is different in him or herself. When it comes to the management of classroom, definitely, its environment is defined and made by its students. It is seen that there are some classrooms which are easy to handle, manage and look after, moreover, they are very interactive as well. Logic and reason behind them is the type of students they are made up of. Students, surely defined the culture of that class, which could be very decent culture, making very less noise, obedient culture etc. Therefore, Classroom management is largely unaffected by the characteristics of the students making up the class is a False Statement.
The money multiplier formula tells us the ratio of increase or decrease in the money supply that banks should generate corresponding to each dollar of reserves. This also tells the maximum amount the money supply could increase based on an increase in reserves within the banking system. The answer to this item is letter C.
Answer:
e. Debit Allowance for Doubtful Accounts $2,000
Credit Accounts receivables A-Hopkins $2,000
Explanation:
When a company use the allowance method of accounting for uncollectible accounts, the company would actively review and book bad debt expenses for any debt in doubt of collection. The entry would be; Debit Bad debt expenses, Credit Allowance for doubtful debt
However, where there is sufficient evidence that these debts goes into default, no more expenses would be recorded , instead
Dr. Allowance for doubtful debt $2,000
Cr. Account receivable $2,000
(To record written off receivables)
When there's a signal of interest by the customer to move forward with in your product, you should <span>ask them a closing question. After you have asked if they have any additional questions you are able to close your conversation with a customer with a statement or </span>question. By asking a closing question you are letting the consumer know the conversation is ending and it's time to make a committed decision regarding the product.
