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MrRa [10]
3 years ago
7

We want to send all of our high-value customers a special VIP gift. We are defining high-value customers as those who have made

at least 1 order with a total value (not including the discount) equal to $10,000 or more. We only want to consider orders made in the year 2016. Who would we send the gift to? (Show customer ID, name, the order, and the total order amount.)
Business
1 answer:
Setler79 [48]3 years ago
4 0

Answer:

Customer ID HANAR

Customer Name Hanari Carnes

Order ID 10981

Total Amount 15810.00

Explanation:

Companies focus on Customer retention policies for high valued customers. The companies do not want to upset their high valued clients and lose a great part of their sales from these customers. In this question all the high valued customers are sent gifts by the company who has shop for $10,000 or more from the company this year. From the given list we have sorted the high valued customers based on this criteria.

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Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.3 milli
laiz [17]

Answer:

a)

MACRS 3 year depreciation schedule

33.33% x $2,300,000 = $766,590

44.45% x $2,300,000 = $1,022,350

14.81% x $2,300,000 = $340,630

carrying value at end of year 3 = $170,430

net after tax cash flow from salvage value = $210,000 - [($210,000 - $170,430) x 22%] = $201,294.60

cash flows:

year 0 = -$2,300,000 - $270,000 = -$2,570,000

year 1 = [($1,720,000 - $628,000 - $766,590) x 0.78] + $766,590 = $1,020,410

year 2 = [($1,720,000 - $628,000 - $1,022,350) x 0.78] + $1,022,350 = $1,076,677

year 3 = [($1,720,000 - $628,000 - $340,630) x 0.78] + $340,630 + $201,294.60 + $270,000 = $1,397,993

b)

NPV = $297,794, and IRR = 16.12%

6 0
3 years ago
In producing product AA, 6,300 pounds of direct materials were used at a cost of $1.10 per pound. The standard was 6,000 pounds
abruzzese [7]

Answer:

300 A

Explanation:

(SQ - AQ) SP

(6000 - 6300)1

300 A

It means that actual quantity produced is worse than expected quantity.

5 0
3 years ago
Complete the balance sheet and sales information in the table that follows for J. White
deff fn [24]

Answer:

Sales $600,000

Cost of Goods Sold $450,000

Cash $28,000

Accounts payable $110,000

Accounts receivable $60,000

Inventory $120,000

Common Stock $140,000

Fixed Asset $192,000

Total Liabilities and equity $400,000

Explanation:

1.To compute the missing amount of sales, we must look for the data given that has something to do with sales. And the two data given that will give us the hint are the Asset turnover and the total asset.

ASSET TURNOVER = Net Sales / Total Asset

1.5 = Net Sales * $400,000

Net Sales = 1.5 * $400,000

Net Sales = $600,000

To check if the answer is correct:

$600,000 / $400,000 = 1.5 <em>which is equal to the data given</em>

<em />

2. The Sales has been computed above and Gross profit margin on sales is present, these are the hint we needed to compute the Cost of goods sold.

Sales  100%

<u>Less: Gross profit margin on sales 25%</u>

Cost of goods sold ratio on sales 75%

Therefore, $600,000 x 75% (ratio on sales) = $450,000

3.ACCOUNTS RECEIVABLE

It is impossible to compute the cash based on the data given without the accounts receivable. So, let's compute the accounts receivable beforehand.

The additional hint that we have is the Days sales outstanding (based on 365-day year).

  • Days sales outstanding = Accounts receivable / (Annual credit sales / 365 days)
  • 36.5 days = Accounts receivable / ($600,000 / 365)
  • Accounts receivable = 36.5 * ($600,000 / 365)
  • Accounts receivable = $60,000

<em>To check our answer:</em>

<em>$60,000 / ($600,000 / 365)</em>

<em>$60,000 / 1,643.84</em>

<em>36.5 days</em>

<em />

4. ACCOUNTS PAYABLE

Next missing item that we will compute is the accounts payable. The hint that we have that is related to the computation of accounts payable is the Liability to asset ratio.

FORMULA :

Liability to asset ratio = Total Liabilities / Total Assets

40% = Total Liabilities / $400,000

Total Liabilities = 40% * $400,000

Total liabilities = $160,000

To Check:

<em>$160,000 / $400,000 = 40% which is equal to the data given</em>

<em>Next Step, Compute accounts payable (the only current liability account in the given partial income statement). Long term debt is the only non-current liability on the data given, which means it is the only account that is included in the total liability of $160,000.</em>

<em />

So, $160,000 less $50,000 = $110,000 (accounts payable)

5. CASH

We can now compute the cash based on the accounts already computed above. The additional hint that we have is the quick ratio. Quick ratio is the quotient of Cash & cash equivalent plus Marketable securities (which is not present in the data given, therefore ignore) plus the accounts receivable over the current liability.

Computation:

0.80 = (Cash + Marketable security + Accounts receivable) / current liability

0.80 = (Cash + Accounts receivable) / $110,000

Cash + Accounts receivable = 0.80 * $110,000

Cash + Accounts receivable = 88,000

Cash + $60,000 = $88,000

Cash = $88,000 - $60,000

Cash = $28,000

6. INVENTORY

To compute the inventory, we need the inventory turn-over hint.

Inventory turn-over = Cost of goods sold / Average inventory

3.75 = $450,000 / Ave inventory

Average inventory = $450,000 / 3.75

Average inventory = $120,000

to check:

<em>$450,000 / $120,000 = 3.75 which is equal to the data given</em>

<em />

7. COMMON STOCK

Total asset = Liabilities + Equity

$400,000 = $160,000 +?

$400,000 - $160,000 = $240,000

Equity is composed of common stock and retained earnings. Therefore, $240,000 - $100,000 (Retained earnings) = $140,000 (common stock)

8. FIXED ASSET

It is the only asset account that is missing after we computed cash, accounts receivable and inventory. Therefore total assets less current assets equals fixed assets.

  • $400,000 - ($28,000 + $60,000 + $120,000)
  • $400,000 - $208,000
  • $192,000 (fixed assets)

9. TOTAL LIABILITIES AND EQUITY

Current liability + Non-current liability + Common stock + Retained earnings

$110,000 + $50,000 + $140,000 + $100,000

$400,000

6 0
3 years ago
In the process of brainstorming his goals, Robert realized his Web business was more about money than creativity. His decision t
Rasek [7]
From what I understand here, it is the company that will be creating the 5000 monthly income. This is an example of a specific measurable goal since the goal of Robert is to make sure that the monthly net income of his company would reach at least 5000. Since he is the boss of his company, this is also probably his personal mission for his company so that he will be motivated to keep on bringing his company to better heights. This will also probably motivate his employees to work harder as well.
4 0
3 years ago
Read 2 more answers
ou are the loan department supervisor for the Pacific National Bank. The following installment loan is being paid off early, and
satela [25.4K]

Answer:

$56.74

Explanation:

Base on the scenario been described in the question, we can use the following method to solve the problem

Solution Correct Response Calculate the amount financed, the finance charge, and the monthly payments for the following add-on interest loan. Purchase(Cash) Price Down Payment Amount Financed Add-onInterest Number of Payments Finance Charge $78810% $8%12 $56.74

4 0
3 years ago
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