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Mila [183]
3 years ago
15

The following information is from the annual financial statements of Nancy Company.

Business
1 answer:
lakkis [162]3 years ago
5 0

Answer:

5.79 times

Explanation:

The computation of the Accounts receivable turnover ratio  

= Credit sales ÷ average accounts receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($46,400 + $49,700) ÷ 2

= $48,050

And, the net credit sale is $278,000

Now put these values to the above formula  

So, the answer would be equal to  

= $278,000 ÷ $48,050

= 5.79 times

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37. Wal-Mart surveys its employees annually as part of its "Grass Roots" program. The survey is designed to assess employees’ pe
harina [27]

Answer: Yes it is.

Explanation:

The National Labour Relations Act of 1935 was passed to cater for both employees and employers. It gave both parties rights and advocates for Collective bargaining. Perhaps most key about this act is it's protection of the rights of employees to join unions and be able to engage in Union activities to improve their working condition.

Under this Act, it is illegal to terminate, suspend or take any other adverse action against an employee for their union actions.

It is under this last paragraph that this question falls.

If Wal-Mart had acted in anyway adverse towards employees based on the Unresolved People Index (UPI) alone, then their actions would have been illegal. They did not, so they are operating in legal territory.

8 0
3 years ago
Gavin is creating a Google Display Ads campaign designed to drive sales on his website. He wants to reach potential customers wh
MrRa [10]

Answer:

Remarketing

Explanation:

The remarketing is a marketing technique in which the company could able to see that how many people visited on their site , actually visited , and whether any action is taken on the website so that they could analyze the visitors per hour or per day as per their convenience and according to that they motivate the customers via connecting through social media to purchase the company products so that the company could able to increase their sales

So in the given situation, since the Gavin is creating a Google Display Ads campaign designed with a view to increasing the sales and wants to reach the potential customers and convenience them to purchase their products by applying the discount code

Therefore, for this, the remarketing is a good option

7 0
2 years ago
Cash $207,200 Salaries and wages expense (sales) $318,080 Inventory 599,200 Salaries and wages expense (office) 387,520 Sales re
yawa3891 [41]

Answer:

 condenced income statement  

   

net sales                                  4699520

cost of sales                          (3097360)

opening stock     599200  

purchase            3120320  

returns                   ( 16800 )

frieght in                     80640  

closing stock             (686000)  

gross profit                              1602160

other incomes                      299040

purchase discount  30240  

rent income                268800  

expenses                               (1092448 )

office salary                 387520  

sales salary                 31808  

sales discount         38080  

commission                 92960  

selling costs                 77280  

telephone costs         19040  

accounting service 36960  

utility costs                35840  

insurance                26880  

mascellaneous         8960  

advertising               60480  

delivery costs               104160  

casuality loss               78400  

depreciation-office 53760  

depreciation-sales         40320  

   

operating profit                        808752

interest expense         197120     (  197120 )

profit before tax                          611632

tax expense                                (122326.4)

profit after tax                                           <u>489305.6</u>

Explanation:

To get the net sales we take sales and minus sales return. The unearned sales are not to be recorded until they are earned and its performance obligation is satisfied. The balance sheet items such as common stock, cash do not belong in the statement of comprehensive incomes. T o calculate tax expense we take profit before tax and multiply by the tax rate.

8 0
3 years ago
Help would be appreciated please :)
jolli1 [7]
I want to say c? i’m not sure :(
4 0
3 years ago
Read 2 more answers
Torque corporation is expected to pay a dividend of $1 in the upcoming year. dividends are expected to grow at a rate of 6% per
Novay_Z [31]

Answer:

The required rate of return on stock is 14.6% and option b is the correct answer.

Explanation:

The required rate of return is the minimum return that investors demand/expect on a stock based on the systematic risk of the stock as given by the beta. The expected or required rate of return on a stock can be calculated using the CAPM equation.

The equation is,

r = rRF + Beta * (rM - rRF)

Where,

  • rRF is the risk free rate
  • rM is the return on market

r = 0.05 + 1.2 * (0.13 - 0.05)

r = 0.146 or 14.6%

4 0
2 years ago
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