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olga2289 [7]
2 years ago
8

Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the

other, Sunrise Foods, is a grocery distribution company. Account Company 1 Company 2 Cash $ 13,000 $ 11,000 Raw materials inventory — 46,750 Merchandise inventory 49,750 — Work in process inventory — 34,000 Finished goods inventory — 54,000 Accounts receivable, net 58,000 72,000 Prepaid expenses 2,500 500 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section for each company from this information.
Business
1 answer:
Sveta_85 [38]2 years ago
8 0

Answer:

Part 1

Manufacturer = Company 2

Merchandiser = Company 1

Part 2

<u>Current Assets Section for Company 1</u>

Current Assets                                            $

Merchandise Inventory                           41,500

Accounts Receivable, Net                     60,000

Prepaid Expenses                                    5,000

Cash                                                          7,000

Total Current Assets                              113,500

<u>Current Assets Section For Company 2</u>

Current Assets                                           $

Raw Materials Inventory                        38,500

Work In Process Inventory                    28,000

Finished Goods Inventory                     48,000

Accounts Receivable, Net                     70,000

Prepaid Expenses                                     1,000

Cash                                                         5,000

Total Current Assets                             190,500

Explanation:

<em>Note : I have attached the full question as an image below !</em>

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Gnom [1K]

Answer:

LeCompte Corp.

The profit margin that LeCompte Corp. would need in order to achieve the 15% ROE, holding everything else constant is:

A) 7.57%.

Explanation:

a) Data and Calculations:

Assets = $312,900

Common Equity = Assets = $312,900

Sales for the last year = $620,000

Net income after taxes = $24,655

Expected return on equity (ROE) = 15%

ROE (in amount) =  $312,900 * 15% = $46,935

Profit margin = Returns on Equity/ Sales * 100

= $46,935/$620,000 * 100

= 7.57%

b) The expected returns on equity in dollars is equal to the net income.  Therefore, we can use the ROE to calculate the profit margin.  The profit margin expresses the relationship between sales and profit.  It shows the profit made from each dollar sales.

4 0
2 years ago
An example of a microeconomic phenomenon is: Select one: a. Global warming research turns out to correctly predict the weather i
IgorC [24]

Answer:

The correct answer is letter "E": None of the above.

Explanation:

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A)<em> Global warming research turns out to correctly predict the weather in the future. (No major impact in economy)</em>

B)<em> The dictator of a country builds ten new airports. (Macroeconomic)</em>

C)<em> A child buys a delicious chocolate bar. (No major impact in economy)</em>

D) The country of Montenegro adopts the Euro. (Macroeconomic)

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3 years ago
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mel-nik [20]
No because they aren't Fair
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On May 3, 2020, Concord Company consigned 80 freezers, costing $540 each, to Remmers Company. The cost of shipping the freezers
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Answer:

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b) $3,780

c) $25,790

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= 43,200 + 820

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= 40/80 * 44,020

= $22,010

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E. maintaining healthy relations with the U.S. government.

From the question, we are told that Sun-Jun is the executive general manager of a U.S.-based multinational corporation while Marisol is a manager in a similar position but works for an American company that operates only in the U.S. and does not engage in international business.

Since Marisol's company does not engage in international business, while Sun-Jun works in a multinational corporation, this means that the business function will be most typically exclusive to Sun-Jun will be choosing an appropriate mode for entering a particular foreign country.

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