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3 years ago

If you could pack up and leave for vacation today wear would you go.why would you go and for how long(put it in a paragraph)

Business

1 answer:

aivan3 [116]3 years ago

3 0

Answer:

If I could drop everything at once and pack my bags and fly away I would go to France . France , is one beautiful place filled with history and artists and wonderful food. My maximum stay would be 6 weeks as it gives me time to express myself in a new place and have fun !

Explanation:

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Your boss asks you to compute the company's cash conversion cycle. looking at the financial statements, you see that the average

EleoNora [17]

<span>Cash conversion cycle is an efficiency ratio which measures the number of days for which a companyâ€™s cash is tied up in inventories and accounts receivable. It is aimed at assessing how effectively a company is managing its working capital. Formula Cash Conversion Cycle = DSO + DIO â€“ DPO Where, DSO is days sales outstanding = Average Accounts Receivable Ă— 365 Ă· Credit Sales DIO is days inventory outstanding = Average Inventories Ă— 365 Ă· Cost of Goods Sold DPO is days payables outstanding = Average Accounts Payable Ă— 365 Ă· Cost of Goods Sold DSO=(97,900*365)/324,000=110.2 DIO=(126,300*365)/282,000=163.5 DPO=(115,100*365)/282,000=149 Cash Conversion Cycle = DSO + DIO â€“ DPO Cash Conversion Cycle = 110.2+163.5-149=125(Approx)</span>

7 0

3 years ago

Cross Town Cookies is an all-equity firm with a total market value of $695,000. The firm has 46,000 shares of stock outstanding.

Anika [276]

Answer:

$1.67

Explanation:

The amount of shares that was repurchased is:

$300,000/($4,187,100/127,500)

= 9,135 shares

Outstanding shares is:

127,500-9,135

= 118,365 shares

Therefore, the EPS is:

= [$215,600 - ($300,000×.06)]/118,365.

= $1.67

Thus, the amount EPS after the debt was issued is $1.67

3 0

3 years ago

On January 1, 2019, Smith, Inc., has the following balances for accounts receivable and allowance for doubtful accounts: Account

slava [35]

Answer:

1. $372,150

2. $650

Explanation:

1. Smith's preadjustment balance in accounts receivable on December 31, 2019:

= Accounts Receivable on January 1, 2019 + Credit sales - Collected accounts receivable - uncollectible accounts receivable

= $386,000 + $2,895,000 - $2,905,000 - $3,850

= $372,150

2. Smith's preadjustment balance in allowance for doubtful accounts on December 31, 2019:

= Allowance for Doubtful Accounts (a credit balance) on January 1, 2019 - uncollectible accounts receivable

= $4,500 - $3,850

= $650

3. The Journal entry is as follows:

Bad Debt Expense ($3,800 - $650) A/c Dr. $3,150

To Allowance for Doubtful Accounts $3,150

(Record adjusting entry for bad debt expense estimate)

5 0

3 years ago

You are given the following data concerning Freedonia, a legendary country: Consumption Function: C = + Y Investment: I =

Grace [21]

Answer and Explanation:

Given that

Consumption function C = 200 + 0.9Y

Investment I = 300

Aggregate expenditure AE = C + I

Equilibrium AE = Y

Based on the above information

a. The level of equibrium income is

Y = AE = C + I

Y = 200 + 0.9Y + 300

0.1Y = 500

Y = 5000

b. The value of the investment multiplier is

= 1 ÷ (1 - MPC)

= 1 ÷ (1 - 0.9)

= 10

c. The change in the level of equilibrium income if investment increases by 10 is

Y = 200 + 0.9Y + 310

0.1Y = 510

Y = 5100

Change is

= 5,100 - 5,000

= 100

6 0

3 years ago

Which of the following trade barriers is an example of a tariff?A. The U.S. federal government bans all foreign-produced beef fr

kap26 [50]

Answer:

B. The U.S. federal government places a tax on all tires imported to the United States

Explanation:

A tariff's definition is "a tax or duty to be paid on a particular class of imports or exports" which fits question B perfectly.

8 0

3 years ago