Answer: $11420
Explanation:
The amount that Hepburn will show as an amount receivable from factor will be the estimated fair value of the interest in receivables minus the factoring fee given in the question. This will be:
= $12,000 - ($58,000 × 1%)
= $12,000 - ($58,000 × 0.01)
= $12,000 - $580
= $11,420
Mate, I don’t think anyone is gonna write a whole essay
Answer:
The assets turnover ratio for 2020 is 1.10 times.
Explanation:
The assets turnover ratio is calculated by dividing the Net sales by the average total net assets. This ratio tells us the efficiency of a company's assets in generating sales. The ratio tells how much $ sales are generated for each $1 of the asset.
The formula for Assets turnover = Net Sales / Average net total assets
The average net total assets = (200000 + 340000) / 2 = $270000
The assets turnover for 2020 = 297000 / 270000 = 1.10 times
Answer:
The market price per share be after the split will be $16.18
Explanation:
shares outstanding after stock split = 6000*3/2
= 9,000
market price per share = 145,600/9000
= $16.18
Therefore, The market price per share be after the split will be $16.18
