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4 years ago

The following is information for Palmer Co.:

Business

1 answer:

ivanzaharov [21]4 years ago

8 0

Answer:

i. 4.7 times

ii. 77.1 days

i. 7 times

ii. 52.1 days

Explanation:

Inventory turnover = cost of goods sold / average inventory

average inventory for 2016 = ( 87,750 + 92,500 ) / 2 = $90,125

Inventory turnover $426,650 / $90,125 = 4.7 times

Days' sales in inventory = 365 / inventory turnover = 77.1 days

for 2017

inventory turnover = cost of goods sold / average inventory

average inventory for 2017 = ( 97,400 + 87,750 ) / 2 = $92,575

Inventory turnover $643,825 / $92,575 = 7.0 times

Days' sales in inventory = 365 / inventory turnover = 52.1 days

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Vera_Pavlovna [14]

Answer:

I love Doja Cat

Explanation:

It would be 787878347

4 0

4 years ago

Pine Company provides for doubtful accounts expense at the rate of 2% of credit sales. The following data are available for 20X4

aev [14]

Answer:

the allowance for doubtful account balance is $28,000

Explanation:

The computation of the allowance for doubtful account balance is given below:

Allowance for Doubtful Doubts Balance

= Beg Balance + Bad Debt Expense - Accounts written off

= $18,000 + (2% of $1,500,000) - $20,000

= $18,000 + $30,000 - $20,000

= $28,000

hence, the allowance for doubtful account balance is $28,000

7 0

3 years ago

Suppose Powers Ltd., just issued a dividend of $1.20 per share on it common stock. The company paid dividends of $.85, $.92, $.9

tino4ka555 [31]

Answer: 11.48%; 11.47%

Explanation:

Given that,

Dividend Issued on common stock = $1.20 per share

Dividend paid in last four years:

$.85 per share

$.92 per share

$.99 per share

$1.09 per share

Stock currently sells at = $53

Calculation of growth rates in dividends :

G1 = $\frac{0.92-0.85}{0.85}$

= 8.24%

G2 = $\frac{0.99-0.92}{0.92}$

= 7.6%

G3 = $\frac{1.09-0.99}{0.99}$

= 10.1%

G4 = $\frac{1.20-1.09}{1.09}$

= 10.09%

(1) Arithmetic growth Rate = $\frac{8.24+7.6+10.1+10.09}{4}$

= 9.01%

Cost of Equity = $\frac{(1.20)(1.0901)}{53}+0.0901$

= 11.48%

(2) Geometric growth Rate

$1.20=0.85(1+g)^{4}$

G = 9%

Cost of Equity = $\frac{(1.20)(1.09)}{53}+0.09$

= 11.47%

5 0

3 years ago

When an institution wishes to take a large position in a municipal bond issue but does not want its activities to be well known,

e-lub [12.9K]

Answer:

Option C, a municipal securities broker's broker.

Explanation:

Option “C” is correct because these broker acts on the behalf of the client and perform all the transactions without exhibiting their client’s details in the market. Moreover, the broker maintains the bonds or securities and it focuses on the profit-making aspects. Finally, the broker receives the commission for their service and the client receives the profit or rate of return from the securities.

4 0

4 years ago

Which person BEST exemplifies an entrepreneur? Mark is known as the profit maker in the firm where he is employed Mary embraces

blagie [28]

Answer:

Mary

Explanation:

An entrepreneur is a person who has a creative and innovative vision to turn an idea into a profitable business. Therefore, when analyzing the profiles of the people above, Mary is considered to have a greater entrepreneurial profile, because in addition to being a person who thinks about creating profits or making money, she has the skills to be innovative and adapt to change, with the focus on meeting customer demands.

A successful entrepreneur needs to have the ability to adapt to a constantly changing market and consumer trends to always satisfy consumers and differentiate themselves from the competition.

8 0

3 years ago