Answer:
Average receivables = $157,500,000
Explanation:
<em>Account receivable represent the amount of credit made by a business which remain uncollected as at the reporting date. In other words, they represent the amount that customers are owing the business in respect of credit sales.</em>
Average account receivables
=(opening balance + closing balance)/2
=( $142,650,000 + $172,350,000)/2
= 157,500,000.
Answer:
Differential income from the special order= $127,000
Explanation:
A company should accept a special order where the order generates additional contribution. i.e where the special order sales exceeds all relevant cost.
The relevant cost for decision to accept the special order are
I Incremental Revenue from the special order
2. incremental variable cost
Contribution per unit = 18-13=5
Total contribution from special order = contribution per unit × units
= 5× 25,400=$127,000
Differential income from the special order= $127,000
Note that whether or not the special order is accepted the fixed manufacturing and fixed operating expenses of would be incurred either way. Therefore , they are not relevant for the decision
Answer:
Adjusted cash balance is $ 60,224.
Explanation:
Detailed steps of solution are below
Answer:
$23.50 per share
Explanation:
The computation of the price per share after considering the stock dividend for the 6% is shown below:
= (Number of shares outstanding × market price per share) ÷ (Number of shares outstanding × 1 + stock dividend )
= (36,800 shares × $24.91) ÷ (36,800 shares × 1.06)
= $916,688 ÷ 39,008 shares
= $23.50 per share
Hence, the price per share is $23.50 per share
