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3 years ago

The following data are taken from the financial statements of Bar Harbor Company:

Business

1 answer:

nikdorinn [45]3 years ago

7 0

Answer:

a. Accounts receivable turnover = Net sales on account/Average accounts receivable

Accounts receivable turnover = $5,800,000/$530,000

Accounts receivable turnover = 10.94

Accounts receivable turnover = $5,200,000 / $550,000

Accounts receivable turnover = 9.45

b. Average collection period = 365 days/Accounts receivable turnover

Average collection period = 365/10.94

Average collection period = 33 days

Average collection period = 365/9.45

Average collection period = 39 days

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Kiley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is an opera

OverLord2011 [107]

Explanation:

The cash flow statement includes three types of activities which are listed below:

1. Operating activities: This involves all transactions that after net income impact the working capital. It would subtract the rise in current assets and a reduction in current liabilities, while adding the decline in current assets and an increase in current liabilities.

It would moderate those shifts in working capital. For addition, the depreciation cost is applied to the net income, and the loss on asset sales is added while the benefit on asset sales is deducted

2. Investing activities: it tracks operations that include buying and selling long-term properties. The buying is a cash outflow whereas the sale is a cash inflow

3. Financing operations or activities : it monitors transactions that have an impact on long-term debt and equity balance of shareholders. Share issue is cash inflow while redemption and dividend is cash outflow.

So, the categorization is shown below:

A) Purchased a machine for $30,000, giving a long-term note in exchange. = non-cash investing and financing activity as it does not involved any cash transaction

B) Issued $50,000 par value common stock for cash = Cash inflow and come under the financing activities

C) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. = non - cash financing activities as it does not involved any cash transaction

D) Declared and paid a cash dividend of $13,000.= Cash outflow and come under the financing activities

E) Sold a long-term investment with a cost of $15,000 for $15,000 cash. = Cash inflow and come under the investing activities

F) Collected $16,000 from sale of goods = Cash inflow and come under the operating activities

G) Paid $18,000 to suppliers = Cash outflow and come under the investing activities

7 0

4 years ago

Complete the sentence. Mutual funds that impose a sales charge are called _____.

Evgesh-ka [11]

Answer:

Fee based fund is the correct answer to the given question

Explanation:

In the fee based funds exercise the money is charged directly to customers.The Fee-Based Funds is imposing the charge of sales to the customer .The Fee-based funds consultants could charge an extra payment of fixed price according to the company policy .

When the company sells the mutual fund in a fee-based consideration individuals will buy the bond fund Series of the F units.
All the other options are not related to imposing the sales charge that's why they are incorrect option .

8 0

3 years ago

Conrad, Incorporated recently lost a portion of its records in an office fire. The following information was salvaged from the a

Effectus [21]

The amount of direct materials used by Conrad, Incorporated is $29,940.

<h3>Calculating the cost of production:</h3>

The cost of goods manufactured is given as the beginning WIP plus direct labor, materials, and overhead costs, less ending WIP.

When the cost of goods manufactured is given, it is possible to compute any missing entry (e.g. the cost of direct materials) from the above equation.

<h3>Data and Calculaitons:</h3>

Work-in-Process Inventory, Beginning 12,900

Factory Overhead Applied 13,200

Direct labor = $19,800 ($13,200 x 1.5)

Work-in-Process Inventory, Ending 10,200

<h3>Computation of the Direct Materials Costs:</h3>

Debit Credit

Work-in-Process Inventory, Beginning $12,900

Factory Overhead Applied 13,200

Direct labor 19,800

Direct materials 29,940

Cost of Goods Manufactured $65,640

Work-in-Process Inventory, Ending 10,200

Totals $75,840 $75,840

Thus, the amount of direct materials used by Conrad, Incorporated is $29,940.

Learn more about computing the cost of production at brainly.com/question/14930678

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4 0

2 years ago

Problem 11-6 Risk Premiums (LO1)Assume these are the stock market and Treasury bill returns for a 5-year period: Year Stock Mark

Sedaia [141]

Answer:

Year _______Risk Premium (%)

2011 _______ 0.95

2012_______ 16.01

2013_______ 32.99

2014_______ 12.66

2015_______ 0.46

Explanation:

The Risk premium is the premium paid to an investor for investing in a risky stock/security/asset over the risk-free rate in the market.

A Risk-free rate is a rate that is offered by a security having minimum or no risk at all e.g. Rate on Government securities are considered as the risk-free rate because these securities are backed by the government.

T bills or Treasury bills are also considered as risk-free investments.

Use following formula to calculate the Risk premium

Ris premium = Stock Market Return - T-Bill Return

Use above formula Calculate the risk premium as below

Year _ Stock Market Return (%) __T-Bill Return (%)__ Risk Premium (%)

2011 _______ 0.98 _______________0.03 _________ 0.95

2012_______ 16.06_______________0.05 _________ 16.01

2013_______ 33.06_______________0.07 _________ 32.99

2014_______ 12.71 _______________ 0.05 _________ 12.66

2015_______ 0.67 _______________ 0.21 __________ 0.46

6 0

3 years ago

Toby and keith are planning to create and jointly own a company that will license their patented technology solely for royalties

salantis [7]

Answer:

D. Limited Partnership

Explanation:

Limited partnership is a form of business where two or more people create an entity and in which the liability of the partners are limited to their initial investment in the business. Limited partnership has benefits of operating a business with combined expertise of two or more people without facing the complex challenges of operating a corporate corporation.

Since Toby and Keith want an a form of entity that is simple enough to operate a business without creating a product, distribute their earnings without retaining them and not having the intention of raising capital from any other investors, they should consider a limited partnership.

Limited partnership will be perfect for their need to only share earnings, and not doing other things that a corporate corporation is known for.

7 0

3 years ago