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LenaWriter [7]
3 years ago
5

For all of the following questions, refer to the following table, which gives financial information for Apple for fiscal year 20

02 (in millions): Sales $5,742 Cash (includes marketable securities) $4,337 Cost of Sales 4,139 Accounts Receivable 565 Gross Profit 1,604 Current Assets 5,388 Net Income 65 Total Assets 6,298 Operating Cash Flow 89 Current Liabilities 1,658 Total Liabilities 2,203 Sales (fiscal year 2001) 5,363 Total Equity 4,095 Net Income (fiscal year 2001) -25 Total Assets (fiscal year 2001) 6,021 Accounts Receivalbe (fiscal year 2001) 466 In Apple's 2002 common-size income statement, gross profit is equal to: a. 27.9% b. 100.0% c. 24.7x d. 4.1%
Business
1 answer:
taurus [48]3 years ago
3 0

Answer:

a. 27.9%

Explanation:

The formula and the computation of the gross profit are shown below:

Gross profit = (Gross profit) ÷ (Sales) × 100

where,

Gross profit = $1,604

And, the sales revenue is $5,742

So, the gross profit is

= ($1,604) ÷ ($5,742) × 100

= 27.9%

By dividing the gross profit by the sales we can get the gross profit

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Below is the aging of receivables schedule for Evers Industries. Aging-of-Receivables Schedule November 30 Customer Balance Not
Murrr4er [49]

Answer:

uncollectible ammount expense 47,972 debit

            allowance for doubtful account    47,972 credit

Explanation:

Fro mthe talbe we are given the amount of account over-time fro meach customer.

As we are presented with all date we should proceed directly with the journal entry:

the aging method stated an allowance of       60,727

the current balance is for                            <u>     (12,755)   </u>

the adjustment will be for:                         <em>       47,972 </em>

5 0
3 years ago
Tomas would like to know whether his new business will be profitable, how much financing he will need, and whether he will have
Crank

Answer:

Pro forma financial statements

Explanation:

The term pro forma financial statements refers to a type of financial statement which estimates future financial results. It doesn't follow the GAAP, instead it is designed to focus on specific figures about a company's expected earnings. Although pro forma financials are only expected financial statements, it is still illegal to mislead investors using them.

By preparing a pro forma financial statement, Tomas will be able to estimate if his new business will be profitable or not, approximately how much financing he will need and estimate the future cash flows of his project.

3 0
3 years ago
While researching the feasibility of converting her company's products to solar energy, Hailie reads several reports on innovati
Marina CMI [18]

Answer:

d. generate her own conclusions and recommendations.

Explanation:

Analyzing the information in the question above, the most suitable option for Hailie's company would be to generate its own conclusions and recommendations, since there are two approaches, positive and negative about innovations in the use of solar energy, so it would be ideal for Hailie to use the approach that best suited her company, for that she could analyze whether the energy benefits for the company's products would meet the high costs and thus draw her own conclusions.

This can also be a strategy for positioning the company that can generate value for stekolhders, since the use of sustainable products and energies is a highly valued issue today, where companies are seen as active agents of social and environmental development and protection.

3 0
3 years ago
Monetary policy can be a useful tool for macroeconomic management. Using relevant diagram(s), show and discuss the possible impa
Andrej [43]

Answer:

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6 0
3 years ago
18). According to path-goal theory, directive leadership should be used when employees _____.
Scrat [10]

According to path-goal theory, directive leadership should be used when employees believe that outside circumstances control their lives

Option A is an appropriate response.

What is path-goal theory?

The Path-Goal model is a theory that relies on identifying a leader's behavior or style that best suits the team members and workplace in order to accomplish a goal.

The path-goal theory is a process where leaders choose particular behaviors that are best matched to the demands of the employees and the working environment in order to guide the employees  in achieving their daily work objectives.

In directive leadership, the leader provides employees with clear guidelines for the processes and expectations for them, and how to carry out tasks. Directive leadership should be used when employees believe that outside circumstances control their lives

Hence, option A is an appropriate response.

To learn more about path-goal theory

brainly.com/question/4679152

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7 0
1 year ago
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