Answer:
9.6 times ; 37.9 days
Explanation:
The computation of the accounts receivable turnover and the average collection period is shown below:
Accounts receivable turnover ratio = Credit sales ÷ average accounts receivable
where,
Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2
= ($4,350 + $3,150) ÷ 2
= $3,750 million
And, the net credit sale is $36,100 million
Now put these values to the above formula
So, the answer would be equal to
= $36,100 million ÷ $3,750 million
= 9.6 times
And, the Average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio
= 365 days ÷ 9.63 times
= 37.9 days
Answer:
A) $ 1,65 are the 2019 EPS
B) $ 144.4400 go to retained earning after paid dividens of 0,80 per share.
Please see details below:
Explanation:
Net Income BEFORE Taxes $436.000
Tax RATE 21% -$91.560
Net Income after Taxes $344.440
Preferred Stock -$64.000
Subtotal $ 280.440 >> 280.440/170.000= $1,65 2019 EPS
Dividends $0,80/Shares: 170.000*0,8= $136.000
Subtotal $ 144.440 >> Retained Earnings
Answer:
D)machine hours
Explanation:
It should be noted that department that is capital-intensive most likely would use a predetermined departmental overhead rate based on
machine hours.
A machine-hour can be regarded as measurement that is been used in applying factory overhead to manufactured goods. It's application is usually found in machine-intensive environments, environment whereby the amount of time that is expelled on processing by a machine is been regarded as largest activity that overhead allocations can be said to have based upon. Machine hour rate can be gotten by making division of the total running expenses of a machine by estimated number of hours for the machine to work at a specific period
