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Andrej [43]
2 years ago
10

Stickel Company has the following sales​ budget: Month Cash Sales Credit Sales September ​$100,000 ​$200,000 October ​125,000 ​1

90,000 November ​207,000 ​199,000 December ​67,000 ​133,000 Collection of credit sales are​ 50% in the month of​ sale, 40% in the month following​ sale, and​ 10% two months following sale. No uncollectible accounts are expected. What is the expected balance of Accounts Receivable at October​ 31?
Business
1 answer:
NISA [10]2 years ago
7 0

Answer:

$182300

Explanation:

$182300

September credit sales  account for 40% of October accounts receivable since it will be paid one month following sales

October credit sales will account for 50% of account receivable since it is paid in the month of sale

the calculation has been done in the attachment for further explanation

     

Download docx
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Stilley Corporation had earnings after taxes of $438,000 in 20X2 with 200,000 shares outstanding. The stock price was $42.10. In
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Answer:

a) <em>Earnings Per Share for 20X2 = 2.19</em>

<em>P/E ratio for 20X2 = 19.22</em>

<em />

<em>b) Earnings Per Share for 20X3 = 1.04</em>

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Explanation:

a) Compute earnings per share and the P/E ratio for 20X2.

The compute the earnings per share use the following:

Earnings Per Share for 20X2 = (Earnings after tax-Preference Dividend) / shares outstanding

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Earnings Per Share for 20X2 = 2.19

Then find P/E ratio:

P/E ratio for 20X2 = Market Price per share / Earnings Per Share

\frac{42.10}{2.19} = 19.224

P/E ratio for 20X2 = 19.22

b) Compute earnings per share and the P/E ratio for 20X3.

The compute the earnings per share use the following:

Earnings Per Share for 20X3 =(Earnings after tax-Preference Dividend) / shares outstanding

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Earnings Per Share for 20X3 = 1.04

Then find P/E ratio:

P/E ratio for 20X3 = Market Price per share / Earnings Per Share

\frac{28.30}{1.04} = 27.21

P/E ratio for 20X3 = 27.21

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After initial investigation into this topic, you suspect that several problems you identified in your scope statement might not
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Answer:ok so...

Explanation:

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3 years ago
The following information was taken from the records of Roland Carlson Inc. for the year 2017: income tax applicable to income f
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Answer:

Following are the  solution to the given question:

Explanation:

Revenue before continuing business                                      585000

less:income tax                                                                         -187000 

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Loss of non-compliance                                    -75000

Less: Applicable drop in income tax from        25500           - 49500

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Popular inventory per share

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Losses on disrupted businesses, tax net[\frac{-49500}{100000}] Net-0.495

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2 years ago
Strong economic growth since 1960 has allowed nations like Singapore and Ireland to surpass nations such as the United Kingdom a
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Answer:

A. True.

Explanation:

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Suppose NanoSpeck, a biotechnology firm, is selling stocks to raise money for a new lab—a practice known as finance. Buying a sh
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Answer: Bond holders                                          

                 

Explanation: In simple words, bondholders refers to the creditors of the organisation. The holders of the bond are not the owners as they are paid fixed interest and are not able to participate in the decision making of the company.

In the event of liquidation, bondholders are paid first because it is assumed that the decision makers should be punished for the liquidation and hence they should be paid at last.

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