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laila [671]
3 years ago
7

Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportati

on / delivery company.
2014 2014
Accounts receivable (gross) $3,697 $4,835
Accounts receivable (net) 3,460 4,187
Allowance for doubtful accounts 237 648
Sales revenue 37,368 39,579
Total current assets 7,254 7,691

Answer each of the following questions.

a. Calculate the accounts receivable turnover and the average collection period for 2014 for FedEx.
b. Is accounts receivable a material component of the company?
Business
2 answers:
Afina-wow [57]3 years ago
7 0

Answer:

yes

Explanation:

nadezda [96]3 years ago
5 0

Answer:

A/R    TO 9.77

Days on Inventory 37

YES As it weight as almost half of the current assets of the company

Explanation:

The financial statement post the current year first and the last year in the secodn column therefore, the second colum is the year 2013 and my calculation will be based on that.

2014 2013

Accounts receivable (gross) $3,697 $4,835

Accounts receivable (net) 3,460 4,187

Allowance for doubtful accounts 237 648

Sales revenue 37,368 39,579

Total current assets 7,254 7,69

\frac{Sales}{Average A/R} = $A/RTurnover

​where:

$$Average A/R=(Beginning A/R+ Ending A/R)/2

Sales 37,368

beginning 4,187

ending 3,460

$$Average A/R=4,187 + 3,460)/2

Avg. A/R   3823.5

\frac{37368}{3823.5} = $Inventory Turnover

A/R    TO 9.77324441

\frac{365}{Inventory TO} = $Avgerage Collection period

\frac{365}{9.77324440957238} = $Avgerage Collection period

Days on Inventory 37

3,460 / 7,254 = 0.4769

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Progressivism dbq where will you put your million dollars answers
lyudmila [28]

The correct answer to this open question is the following.

Unfortunately, it seems that something is missing here. "Progressivism, where will you put your million dollars answers?" is the section of the examination, but it is not a specif question.

So what is what you want to know?

However, trying to offer some help, we can comment on the following.

Progressivism was the period in the history of the United States during the end of the 1800s and the beginning of the 1900s, in which many social leaders demanded changes to the consequences of the industrial era and exposed the ways fabrics and industries exploited workers and children. It also was a time when "muckraker" journalists exposed the corruption of the federal government. It was a true time of changes in America.

Those progressive leaders and their ideas made the government to create the kind of legislation to change things for the better in the country.

6 0
3 years ago
Blueberry Baking Company produced 5,500 cakes that require 3 standard pounds per unit at a $3 standard price per pound. The comp
jekas [21]

Answer:

Dr. Work in process                  $49,500

Dr. Material Quantity Variance $4,500

Cr. Raw material Inventory        $49,500

Explanation:

First we need to calculate the Material usage variance

Standard Material = 5,500 cakes x 3 pounds = 16,500 pounds

Standard cost of Standard Material = 16,500 pounds x $3 = $49,500

Actual usage at standard cost = 16,650 pounds x $3 = $49,950

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Which of the following is generally used by companies with fewer than 50 employees?
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Answer:

D

Explanation:

5 0
3 years ago
Economic bads are items
sdas [7]
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3 years ago
Stryder, Inc., has 3 million shares outstanding at a current price of $15 per share. The book value of the shares is $10 per sha
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Answer:

Answer:

                                                                                         $

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Market value of bonds (30,000,000 x $101/100) = 30,300,000

Market value of the firm                                            75,300,000

The correct answer is D

Explanation:

Market value of the firm is the sum total of market value of shares and market value of bond. The market value of each stock is equal       to number of stocks issued multiplied by current market price of each stock.

Explanation:

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