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1 year ago

A company has 12,247 customers they extend credit to, they will have 12,247 __________________ accounts.

Business

1 answer:

iogann1982 [59]1 year ago

4 0

The company would have 12,247 subsidiary accounts.

<h3>What is a credit?</h3>

A credit is a loan facility granted by a bank or an institution to its customers. This is to enable the customers access funds with a view to paying back at a future date.

Companies or institutions grant credit facilities to encourage their customers plan for their business and then pay back later.

Hence, the company would have 12,247 subsidiary accounts since they extend credits to 12,247 customers.

Learn more about credits here : brainly.com/question/9913263

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During 2018, Raines Umbrella Corp. had sales of $715,000. Cost of goods sold, administrative and selling expenses, and depreciat

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Answer:Net Income/ loss= -$37,100

Raine's operating cash flow= $174,000

Explanation:

Net income/loss for Raines Umbrella Corp In 2018

Sales $715,000

less: Cost of goods sold -$446,000

Administrative and Selling expenses -$95,000

Depreciation -$140,500

EBIT $33,500

less: Interest $ 70,600

Net loss -$37,100

B) Raine's operating cash flow:

= EBIT + Depreciation - Taxes( Since a net loss was recorded by Raines, yhere would be no taxes

= $33,500 + $140,500 - $0

= $174,000

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2 years ago

How are contract law and torts related?

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D. They are both types of civil law

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2 years ago

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SKRAM Corporation is appealing directly to the shareholders of IDNIC Corporation to acquire shares of IDNIC stock. This appeal i

soldi70 [24.7K]

Answer:

A hostile takeover with IDNIC corporation as the target company.

Explanation:

Since SKRAM is appealing directly to shareholders of IDNIC to acquire stocks of IDNIC corporation, it means they have a target of getting them to have a certain percentage of ownership in IDNIC because owning a stock in a company means having a percentage of ownership in that company.

This kind of appeal can be likened to trying to an aggressive push to make the shareholders take over the IDNIC corporation.

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3 years ago

Horten Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the same facility to make

Aneli [31]

Answer:

Horten Sporting Goods Corporation

TR BR

a. Cost per unit $66.98 $62.08

b. Price of Badminton Racquets = $80.70

Explanation:

a) Data and Calculations:

Tennis Badminton

Racquets Racquets

Units produced 70,000 30,000

Direct costs:

Direct materials $17.10 per unit $14.80 per unit

Direct labor 33.50 per unit 23.10 per unit

Category Estimated Cost Driver Amount of Cost Driver

Cost TR BR Total

Unit level $736,000 Number of inspection hrs 15,900 7,100 23,000

Batch level 353,800 Number of setups 83 39 122

Product level 152,500 Number of TV commercials 4 1 5

Facility level 630,000 Number of machine hrs 30,600 39,400 70,000

Total $1,872,300

Overhead Rates:

Inspection = $32 ($736,000/23,000) per inspection hour

Equipment setup = $2,900 (353,800/122) per equipment setup

TV commercials = $30,500 ($152,500/5) per commercial

Depreciation = $9 ($630,000/70,000) per machine hour

Overhead Allocation:

TR BR Total

Inspection = $32 $508,800 $227,200 $736,000

($32*15,900) ($32*7,100)

Equipment setup = $2,900 240,700 113,100 353,800

($2,900*83) ($2,900*39)

TV commercials = $30,500 122,000 30,500 152,500

($30,500 *4) ($30,500 *1)

Depreciation = $9 275,400 354,600 630,000

($9 * 30,600) ($9 * 39,400)

Total allocated expenses $1,146,900 $725,400 $1,872,300

Units produced 70,000 30,000

Overhead cost per unit $16.384 $24.18

Cost per unit:

TR BR

Direct materials $17.10 $14.80

Direct labor 33.50 23.10

Overhead cost 16.38 24.18

Total cost per unit $66.98 $62.08

Cost of Badminton = $62.08

30% markup = 18.62

Price = $80.70

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2 years ago

Use the following comparative figures for Apple and Google. Google 12.662 $ Key Figures Net income (in millions) Cash dividends

azamat

Answer and Explanation :

Few information is missing in the question kindly find the attachment

As per the data given in the question,

The formula and the computation is shown below

1) Book value per share = Equity applicable to share ÷ share outstanding

Apple Google

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Common share outstanding b 5,126.201 694.783

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2)Basic EPS = Net income ÷ weighted Avg common share outstanding

Apple Google

Net income a $48,351 $12,662

weighted Avg common share outstanding b 5217.242 693.049

Basic EPS a ÷ b $9.27 $18.27

3)Dividend yield = Cash dividend per common share ÷ Market price per share

Apple Google

Cash dividend per common share a 2.4 0

Market price per share b $154.12 $1046.4

Dividend yield a ÷ b 1.56% 0.00%

4) Price earning ratio = Market price per share ÷ Basic EPS

Apple Google

Market price per share a $154.12 $1046.4

Basic EPS b 9.26754 18.26999

Price earning ratio a ÷ b 16.63 57.27

5) A higher PE ration indicates that investors want to pay a higher share price because of growth expectation in near by future

Therefore Google has higher PE ratio

Hence, investors have greater expectation of performance of Google in future.

4 0

3 years ago