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2 years ago

Condensed financial data are presented below for the Phoenix Corporation:

Business

1 answer:

Solnce55 [7]2 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:

For Part 1

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.

Inventory turnover = Cost of Sales ÷ Inventory

therefore,

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

For Part 2

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.

For Part 3

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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What is the total value of Company H's stock?

dmitriy555 [2]

Answer:

Insufficient data

Explanation:

Suppose x represents the total value of Company H's stock

Here, we need to find out : value of x.

(1) Investor P owns $\small \frac{1}{4}$ of the shares of Company H's total stock

i.e. Investor P's amount in H's stock = $\frac{1}{4}x$

We did not give P's investment.

Thus, data is insufficient to find value of x.

(2) The total value of Investor Q's shares of Company H's stock is $16,000.

Q's share in company H's stock = $16,000

There is no relation between x and Q's share given,

Thus, data is insufficient to find value of x.

Now, when we combined the data (1) and (2),

We still can not find the value of x.

Because, there are also other investors in stock H other than P and Q.

Hence, the data is inadequate to find total value of Company H's stock.

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3 years ago

Which of the following statements are correct with regards to a change in a company's sales mix? (check all that apply)- A chang

ololo11 [35]

Answer:

The answers are:

A change in sales mix from high-margin to low-margin items may cause total profits to decrease despite an increase in total sales.
A change in sales mix from low-margin to high-margin items may cause total profits to increase despite a decrease in total sales.

Explanation:

A company's profit is affected by its sales mix. Profits will always be higher if high margin products or services make up a large proportion of the sales mix. Even if total sales decrease, due to a decrease in the sales of low margin products, the company's profits might increase if more high margin products are sold.

For example, a Ford sells mostly pick up trucks, SUVs and cars. The profit margin from car sales is very low, so in order to make a larger profit the company must focus on selling more pick up trucks and SUVs. Even if the company losses market share by not selling cars, it will make more money by selling high margin products.

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3 years ago

Cherries on Top, a national ice cream shop, is struggling financially to keep up with the bigger chains. The top executives have

Serggg [28]

Answer:

The correct answer is B

Explanation:

Utilitarian approach or method is the approach which assesses or analyze the actions in terms of the outcomes or results, that is the net costs and the benefits to all the stakeholders on individual level.

This approach aspire or attempt to accomplish the greatest good for the numbers when creating the least amount for preventing the suffering of the greatest amount.

So, the shop uses or practice the approach of utilitarian as it will provide them the extra one million dollar to put it in the marketing.

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2 years ago

If you were a business owner, which one would be more important to you (making money or being happy)?

OleMash [197]

Answer:

being happy

Explanation:

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3 years ago

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Answer:

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Explanation:

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