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Sedaia [141]
3 years ago
5

50 points + brainly

Business
1 answer:
Sergeeva-Olga [200]3 years ago
7 0

Answer:

Probably Bad.

Explanation:

It would be very hard to do..pretty much anything without the internet. I cant search up anything that might help me with something.

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Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in mill
spin [16.1K]

Answer:

See below

Explanation:

Data given

Cash and cash equivalents $760 $77

Accounts receivables net $2,080 $1,890

Inventory $830 $810

Other current assets $440 $433

Total current assets $4,110 $3,210

Total current liabilities $2,100 $1,590

Net credit sales $8,258

Cost of goods sold $5,328

1. Current ratio = Current assets/Current liabilities

= 4,110/2,100

= 1.96

2. Accounts receivable turnover = Credit sales/Average accounts receivables

= 8,258÷ [(2,080+1,890)/2]

= 8,258 ÷ 1,985

= 4.16 times

3. Average collection period = Average accounts receivables/Credit sales × 365 days

= (1,985/8,258) × 365

= 87.7 days

4. Inventory turnover = Cost of goods sold/Average inventory

= 5,328/[830 + 810)/2]

= 5,328/820

= 6.5 times

5. Days in inventory = Average inventory/Cost of goods sold × 365

= (820/5,328) × 365

= 56.2 days

3 0
3 years ago
Austin is not able to pay the entire balance due by the due date of the return (without extensions) . what are his options?
Aleks [24]

If Austin cannot pay the entire balance in full by the due date of the return, he can choose any options. Such as installment agreement request by submitting form 9465. This installment agreement allows Austin to make a series of monthly payments over time. Another choice is by paying IRS for a full pay agreement of up to 120 days. In this option, no penalty fee for full payment; however, interest and any applicable penalties continue to accrue until your liability is paid in full. Moreover, Austin can <span>consider financing the full payment of his tax liability through a credit card. The interest rate and any applicable fees charged by a credit card company are usually lower than the combination of interest and penalties set by the Internal Revenue Code.</span>

8 0
3 years ago
Prepare a check stub and check using the information given here:
posledela

Answer:

Answer is explained in the explanation section below.

Explanation:

Note: This question is incomplete and lacks the figure of check to which we have to fill the requirements. However, I have found a similar check on the internet and will be solving this question accordingly.

Date: 11/05/20xx   (Put current year in this, whatever it is)

To: Naples Supply

For: Supply of Goods.

Balance Brought  Forward = $ 11,060.00

Amount deposited = $ 3,484.00   (is made on the Dec, 05, 20xx, as we don't know the current year)

Sub Total= $ 14,544.00      (Balance Brought Forward + Amount deposited)

Others ,

Check dishonored plus fees= $ 150.00 + $25.00 = $175.00      

Sub Total= $ 14,369.00        ($14,544 - $175)

Amount issued to Naples Supply = $160.00

Balance carried Forward= $ 14,209.00       ($14,369 - $160)

Similarly,

Date: 11/05/20xx   (Put current year whatever it is)

Pay to the order of: Naples Supply

Amount in words : One hundred and sixty dollars only.

For the purpose of : Supply of goods

Finally,

A sign, on the check.

4 0
3 years ago
In which scenario do most homeowners use the equity in their home?
e-lub [12.9K]

Answer: to pay off loans

5 0
3 years ago
During the month of March 2017, Weimar World, a tax-preparation service, had the following transactions. * Billed $496,000 in re
MrRa [10]

Answer:

A. $302,000

Explanation:

<u>Accrual basis: </u>recognize income and expenses based on the date at they occur regardless of collection or payment.

sales revenue:         496,000

incurred expenses:<u> (194,000)  </u>

net income             302,000

<u>The prepaid is not considered an expense under accrual basis. </u>It will be adjusted over time.

3 0
4 years ago
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