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slamgirl [31]
3 years ago
12

Condensed financial data are presented below for the Phoenix Corporation:

Business
1 answer:
Solnce55 [7]3 years ago
5 0

Answer:

Part 1.

3.1 times

Part 2.

a. total assets

Part 3

d. the company's ability to generate sufficient cash to repay debt when due.

Explanation:

<u>For Part 1</u>

Inventory turnover measures the activity of liquidity of a company`s inventory. The higher the ratio in comparison, the more efficient the inventory is managed.

<em>Inventory turnover = Cost of Sales ÷ Inventory</em>

therefore,

Inventory turnover = $982,500 ÷ $ 312,500 = 3.1 times

<u>For Part 2</u>

In a common-size Balance Sheet, each item is expressed as a percentage of total assets whereas in a common size Income Statement, Sales revenue is expressed as 100 % and every other item is expressed as a percentage of sales revenue.

<u>For Part 3</u>

Solvency or Liquidity is the ability of short term assets to cover short term liabilities. Also put, it is  the company's ability to generate sufficient cash to repay debt when due.

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Which of the following are amortizable organizational expenditures? Group of answer choices Professional fees to issue the corpo
satela [25.4K]

Answer:

The answers are:

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Explanation:

Organizational costs are the initial costs incurred when creating a company. They usually include legal and registration fees, promotions, and commissions paid.

After 10/22/2004, organizational cost up to $5,000 can be deducted as an expense. The remaining organizational costs can be amortized over fifteen years.

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3 years ago
What is an internal source of marketing information for a business?
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I would have to say a
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love to learn daycare is over budget. which is the easiest category in which to cut costs? miscellaneous payroll rent utilities
alexgriva [62]

Love it or hate it, keeping a balanced budget is one of the most crucial aspects of running a daycare. No matter how excellent the service you offer is, your company will not be able to exist if you do not make more money than you spend.

You can understand exactly where your money is going and identify ways to be more efficient with careful planning and maintaining an eye on your finances. Having a system that you can use and that shows information in a way you can easily comprehend is crucial. The majority of the money you make as a child care provider comes from the parents of the children who are enrolled in your program.

To learn More about daycare from the given link.

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3 0
2 years ago
What amount of capital could be raised by Shoprite
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The amount of capital that Shoprite can raise is dependent on various factors. It is to be noted however that "Shoprite Checkers will contribute R888 million, allowing the Shoprite Employee Trust to subscribe for 10% of the stocks, with Shoprite Checkers funding the remaining shares on a notional basis.

<h3>Who is Shoprite?</h3>

Shoprite Holdings Limited is an investment holding company established in South Africa.

The business is a fast-paced consumer products store.

Its primary activity is food retailing, which is supplemented by furniture, medicines, hotels, tickets, digital commerce, financial services, and cellular facilities.

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3 0
1 year ago
Assuming a country's economy maintains an 8% rate of growth, young adults starting at age 20 would see the average standard of l
lapo4ka [179]

Answer:

A) 30

Explanation:

to determine in how many years the economy will double with an 8% growth rate, we can use the rule of 72. The rule of 72 basically works by dividing 72 by the compounding growth rate to determine the number of years it will take an investment to double.

The rule of 72 works well when growth rate is between 6-10%, at 8% it is quite exact. For lower growth rates you should use the rule of 70 which is basically the same but instead of using 72, you use 70. For growth rates over 10% you should use 69.3.

the number of years for the economy to double = 72/8 = 9 years, so 9 plus 20 = 29 years. Since the question asks at what age the economy should have more than doubled, it would be a little over 29, and in this case it is 30.

You can always check which number is more exact calculating 1.08⁹ = 1.999

5 0
3 years ago
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