The blueprint of a design is shown to the client at what point in the process

rialto company collected $5,000 on account. what impact will this transaction have on the firm's current ratio

VikaD [51]

Answer:

There would be NO IMPACT

Explanation:

From the question, we are informed about, rialto company collected $5,000 on account. In this case there will be no impact of this transaction on the firm's current ratio. The collection on account can be regarded as exchange of asset transaction, any increase change in current asset account cash, then there will be decreases in Accounts Receivable , the ration of current asset to current liabilities gives the current ratio, there is no impact of transaction on the current ratio, since the transaction doesn't affect both the

current asset to current liabilities

7 0

3 years ago

Barkley Company uses a periodic inventory system and has the following account balances: Beginning Inventory $50,000, Ending Inv

Dmitriy789 [7]

Explanation:

The computation is shown below:

a. Net purchase

= Purchase - Purchase Returns and Allowances - Purchase Discounts + Freight in

= $330,000 - $8,000 - $6,000 + $12,000

= $328,000

b. The cost of goods available for sale is

= Beginning inventory + purchase

= $50,000 + $328,000

= $378,000

c. The cost of goods sold is

= The cost of goods available for sale - ending inventory

= $378,000 - $80,000

= $298,000

4 0

3 years ago

Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisio

anygoal [31]

Answer:

Effect on income= -$49,500

They lost the positive contribution margin increased by the fixed costs. Veronica is wrong.

Explanation:

Giving the following information:

Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $25,500.

Percy Division

Sales= $100,000

Cost of goods sold= 76,000

Gross profit= 24,000

Operating expenses= 49,500

Net income= (25,500)

In the Percy Division, the cost of goods sold is $59,000 variable and $17,000 fixed, and operating expenses are $29,000 variable and $20,500 fixed.

None of the Percy Division's fixed costs are avoidable.

Effect on income= -contribution margin - fixed costs

Effect on income= -(100,000 - 88,000) - 37,500= -$49,500

They lost the positive contribution margin increased by the fixed costs.

4 0

3 years ago

course blueWells Fargo, one of the largest banks in the United States, uses a robust CRM system to manage its 70 million individ

Misha Larkins [42]

Answer:

See answer and explanation below.

Explanation:

Generally, customer relationship management (CRM) is a technology that companies employ to manage their relationships and interactions with the existing customers and potential ones.

Other information Wells Fargo’s CRM system can tell the company include:

1. It provides information that can support it marketing strategy and sales.

2. It shows the most profitable customer of the bank and suggests technique to employ in order to improve product offering to these set of customers.

3. It identifies and provides information on different customer segment and improve the customer experience.

4 0

3 years ago

Whether a firm has growth or value and how this firm characteristic affects an estimate of the cost of equity is called the ____

Dahasolnce [82]

It is called value factor. There are two kinds of value factor one is present value factor and second is future value factor. The business or anything in the business has their value on their own. The future value factor is used to calculate the future value of the amount per dollar of its present value. It is the amount greater than a dollar and you can see this on the table when you calculate the future value or FV. Present Value factor is based on the time and money when you borrow or it is the debt that can grow in the span of time.

5 0

3 years ago