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anastassius [24]
2 years ago
12

The financial statements of the Bramble Corp. report net sales of $473850 and accounts receivable of $56000 and $25000 at the be

ginning of the year and the end of the year, respectively. What is the accounts receivable turnover for Bramble?
Business
1 answer:
SCORPION-xisa [38]2 years ago
3 0

Answer:

the accounts receivable turnover for Bramble is 5.85 times

Explanation:

The computation of the account receivable turnover ratio is shown below

the account receivable turnover ratio is

= Net sales ÷ (Beginning account receivable + ending account receivable) ÷ 2

= $473,850 ÷ ($56,000 + $25,000)

= 5.85 times

Hence, the accounts receivable turnover for Bramble is 5.85 times

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Suppose that the nominal rate of interest is 5 percent and the inflation premium is 1 percent.
murzikaleks [220]

Answer:

1.     4%

2.    2%

Interest rates are rounded off to nearest whole number.

Explanation:

Fisher effect formula determines the relationship between the Nominal rate, Real rate and inflation rate.

Fisher effect formula is as follows

1 + nominal rate = ( 1 + real rate ) ( 1 + inflation rate )

1.

1 + 5% = ( 1 + real rate ) ( 1 + 1% )

1.05 =  ( 1 + real rate ) x 1.01

1 + real rate = 1.05 / 1.01

1 + real rate = 1.0396

real interest = 1.0396 - 1 = 0.0396 = 3.96% = 4%

2.

Inflation premium = [ ( 1+ nominal rate ) / ( 1+ real rate ) ] -1

Inflation premium = [ ( 1+ 6% ) / ( 1+ 4% ) ] -1

Inflation premium = [ ( 1.06 / 1.04 ] -1

Inflation premium = 1.0192 - 1

Inflation premium = 0.0192

Inflation premium = 1.92%

Inflation premium = 2%

4 0
2 years ago
Consider the following information for Fair Wind Yachts Inc., a manufacturer of sailboat rigging, blocks, and cordage.
topjm [15]

Answer:

Cost of good manufactured= 1865176

Net Income= 526272

Explanation:

A) To calculate the cost of manufactured goods we need to use the following formula:

Cost of good manufactured= Beginning work in progress+ direct materials of the period + direct labor + manufactured overhead - ending work in progress

Beginning work in progress= $32,500

Direct materials = beginning inventory + purchase - ending inventory= 19,888+ 425,808- 22,500= $423196

Direct labor= $524,800

Manufactured overhead=(Depreciation expense-plant and equipment) + Indirect labor + Insurance on plant + Heat and light for plant + (Supervison's salary-plant) + (Supplies-plant) + Repairs on plant building

= 323,000+275,880+33,800+23,200+98,900+132,680+37,500=$924960

Ending work in progress= 40,280

Cost of good manufactured=32500+423196+524800+924960-40280= $1865176

Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.

2)

The general structure of an income statement proceeds as follow:

Revenue/Sales (+)

Cost of Goods Sold (COGS) (-)

=Gross Profit

Marketing, Advertising, and Promotion Expenses (-)

General and Administrative (G&A) Expenses (-)

=EBITDA

Depreciation & Amortization Expense (-)

=Operating Income or EBIT

Interest (-)

Other Expenses (-)

=EBT (Pre-Tax Income)

Income Taxes (-)

=Net Income

First, we need to calculate the cost of goods sold

COGS=Beginning Inventory+Production during period−Ending Inventory=55680+1865176-44288= $1876568

<u>Income Statement:</u>

Revenue=2947000

COGS=1876568  (-)

Gross profit= 1070432

Marketing, Advertising, and Promotion Expenses= 15380 (-)

Administrative (G&A) Expenses= 78900+326500= 405400 (-)

EBITDA= 649652

Depreciation= 76280+47100=  123380  (-)

Net income= $526272

8 0
2 years ago
The biggest problems with producing too much are lost sales and customer dissatisfaction.
Kisachek [45]
The correct option is "a". The given statement is true.
When there is not much demand and you produces a lot, it will affect the quality of the product and that leads to customer dissatisfaction. When the production is according to sale, and the quality is good the customers will automatically satisfied with the product. 
8 0
3 years ago
Quick Ratio EVANS and Sons, Inc. Income Statement (in millions)
Arlecino [84]

Answer:

0.3793; 0.3333

Explanation:

Quick ratio for 2018 :

= (Cash + Account receivable) ÷ Current liabilities

= ($300 + $800) ÷ $2,900

= $1,100  ÷ $2,900

= 0.3793

Quick ratio for 2019 :

= (Cash + Account receivable) ÷ Current liabilities

= ($100 + $900) ÷ $3,000

= $1,000  ÷ $3,000

= 0.3333

Therefore, the quick ratio for Evans & Sons, Inc., for 2018 and 2019 are 0.3793 and 0.3333, respectively.

4 0
2 years ago
The accompanying data represent the monthly rate of return of a certain​ company's common stock for the past few years. Complete
Soloha48 [4]

Answer:

A. 25% of the monthly returns are less than or equal to the first quartile. 50% of the monthly returns are less than or equal to the second quartile. 75% of the monthly returns are less than or equal to third quartile.

Explanation:

The data shows that the data is less than 25% in the first quartile. The other half of the data falls in the second quartile which is about almost 50% of the data. The 75% of the monthly returns are less than or equal to the third quartile.

8 0
3 years ago
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