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3 years ago

Consider the following financial statement information for the Sourstone Corporation:

Business

1 answer:

DENIUS [597]3 years ago

5 0

Answer:

A. 56.32 days

B. 40.38 days

Explanation:

The Operating cycle is the Inventory period + AR period

Inventory period= 365/(Cost of goods sold/Average inventory)

Average inventory= (Beginning Inventory + Ending Inventory)/2

Accounts Receivable period= 365/(Credit Sales/Average Accounts Receivable )

Average Accounts Receivable= (Beginning Accounts Receivable + Ending Inventory Accounts Receivable)/2

Calculated Inventory period= 42.58 days

Calculated Accounts Receivable period= 13.74 days

The Cash cycle is also called the Net Operating cycle which is the Inventory period + Accounts Receivable period- Accounts Payable period

Accounts Payable period= 365/(Cost of goods sold/Average Accounts Payable)

Average Accounts Payable = (Beginning Accounts Payables + Ending Inventory Accounts Payable)/2

Calculated Accounts Payable period= 15.94 days

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What is a business requirement? A. The nonspecific business requests the system must meet to be successful B. The specific busin

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Answer:

B. The specific business requests the system must meet to be successful.

Explanation:

Business requirements are specific activities that must be completed by a business if they are to achieve their goals and objectives.

They carry out these activities through the use of processes, softwares or systems.

An example of such an activity is production of quality products to meet consumer needs.

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3 years ago

Brand __________ is the set of assets and liabilities linked to a brand that add to or subtract from the value provided by the p

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Answer:

Equity.

Explanation:

Brand equity is the added value that creates a positive impact about the brand name in the minds of a customer. The given definition of brand equity was proposed by Davis Aaker. We can understand brand equity as the image or reputation that any brand holds in the minds of a customer.

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3 years ago

Each of 16 students measured the circumference of a tennis ball by four different methods, which were:

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Question Continuation

a. Compute the mean measurement for each method.

b. Compute the median measurement for. each method.

c. Compute the 20% trimmed mean measurement for each method.

Answer:

a. Mean

Mean A = 22.675

Mean B = 20.71875

Mean C = 21.0125

Mean D = 20.86875

b. Median

Median A = 23.45

Median B = 20.45

Median C = 21.0

Median D = 20.7

c. 20% Trimmed Mean

Trimmed Mean A = 23.14

Trimmed Mean B = 20.73

Trimmed Mean C = 21.04

Trimmed Mean D = 20.75

Explanation:

Mean = Σx/n

Where Σx= Summation of entries in each method

n = 16

Mean of Method A = (18.0 + 18.0 +18.0 + 19.0 + 22.0 + 22.0 + 22.5 + 22.9 + 24.0 + 24.0 + 25.0 +25.0 + 25.0 + 25.0 + 26.0 +26.4)/16

Mean A = 362.8/16

Mean A = 22.675

Mean of Method B = (18.8 + 18.9 + 18.9 + 19.8 + 20.1 + 20.4 + 20.4 + 20.4 + 20.6 + 20.5 + 21.2 + 21.9 + 22.0 + 22.0 + 22.0 + 23.6)16

Mean B = 331.5/16

Mean B = 20.71875

Mean of Method C = (20.2 + 20.5 + 20.5 + 20.7 + 20.8 + 20.9 + 21.0 + 21.0 + 21.0 + 21.0 + 21.0 + 21.5 + 21.5 + 21.5 + 21.5 + 21.6)/16

Mean C = 336.2/16

Mean C = 21.0125

Mean of Method D = (20.0 + 20.0 + 20.0 + 20.2 + 20.2 + 20.5 + 20.5 + 20.7 + 20.7 + 20.7 + 21.0 + 21.5 + 21.5 + 21.6 + 22.1 + 22.3)/16

Mean D = 333.9/16

Mean D = 20.86875

Median is the number(s) at the middle

Since the total number of points for each method is 16 and this is an even number we need to calculate the median as the average between the 8th and the 9th position of the data ordered from the smallest to the largest. If we do this we have that:

Method A

Arranged Data: 18.0, 18.0, 18.0, 19.0, 22.0, 22.0, 22.5, 22.9, 24.0, 24.0, 25.0, 25.0, 25.0, 25.0, 26.0, 26.4

The 8th and 9th data are: 22.9 and 24.0

Median = (22.9 + 24.0/2

Median = 46.9/2

Median A = 23.45

Method B

Arranged Data: 18.8, 18.9, 18.9, 19.8, 20.1, 20.4, 20.4, 20.4, 20.5, 20.6, 21.2, 21.9, 22.0, 22.0, 22.0, 23.6

The 8th and 9th data are: 20.4 and 20.5

Median = (20.4+20.5)/2

Median = 40.9/2

Median B = 20.45

Method C

Arranged Data: 20.2, 20.5, 20.5, 20.7, 20.8, 20.9, 21.0, 21.0, 21.0, 21.0, 21.0, 21.5, 21.5, 21.5, 21.5, 21.6

The 8th and 9th data are: 21.0 and 21.0

Median = (21.0 + 21.0)/2

Median = 42.0/2

Median C = 21.0

Method D

Arranged Data: 20.0, 20.0, 20.0, 20.2, 20.2, 20.5, 20.5, 20.7, 20.7, 20.7, 21.0, 21.5, 21.5, 21.6, 22.1, 22.3

The 8th and 9th data are: 20.7 and 20.7

Median = (20.7+20.7)/2

Median = 41.4/2

Median D = 20.7

The trimmed mean by 20% means that we'll calculate mean by removing the 20% from each of the tails.

20% of 16 = 3.2 (Approximated to 3)

So we need to remove 3 observations from both ends of the data.

Method A becomes

19.0, 22.0, 22.0, 22.5, 22.9, 24.0, 24.0, 25.0, 25.0, 25.0

Trimmed Mean A = (19.0+22.0+22.0+22.5+ 22.9+24.0+24.0+25.0+ 25.0+ 25.0)/10

Trimmed Mean A = 231.4/10

Trimmed Mean A = 23.14

Method B becomes

19.8, 20.1, 20.4, 20.4, 20.4, 20.6, 20.5, 21.2, 21.9, 22.0

Trimmed Mean B = (19.8+20.1+20.4+ 20.4+ 20.4+20.6+20.5+21.2+21.9+22.0)/10

Trimmed Mean B = 207.3/10

Trimmed Mean B = 20.73

Method C becomes

20.7, 20.8, 20.9, 21.0, 21.0, 21.0, 21.0, 21.0, 21.5, 21.5

Trimmed Mean C = (20.7+ 20.8+ 20.9+ 21.0+ 21.0+ 21.0+21.0+, 21.0+, 21.5+21.5)/10

Trimmed Mean C = 210.4/10

Trimmed Mean C = 21.04

Method D becomes

20.2, 20.2, 20.5, 20.5, 20.7, 20.7, 20.7, 21.0, 21.5, 21.5

Trimmed Mean D = (20.2+, 20.2+20.5+, 20.5+ 20.7+ 20.7+ 20.7 +, 21.0 +21.5 + 21.5)/10

Trimmed Mean D = 207.5/10

Trimmed Mean D = 20.75

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3 years ago

What is the second rule of risk management

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Measure probability and severity

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Fixed-Ratio Schedule.

Fixed Interval Schedule.

Variable-Ratio schedule.

Variable-Interval schedule.

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we can also rule out interval because winning isn't dependent on when you buy.

only choice left is variable ratio.

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3 years ago