Monroe manufacturing has a quick ratio of 2.00x $31,000 in cash $17,500 in accounts recivable some inventory total current assets of $70,000 and total current liabilities of $24,500 the company reported annaul sales of $400,000 in the most recent annual reportOver the past year how often did Monroe manufacturing sell and replace its inventory?A) 19.05 xB) 20.96 xC) 2.86 xD) 8.01 x
Answers
Answer:
Inventory turnover ratio = 19.05 times
Explanation:
Quick ratio = (Current assets - Inventory) / Current liabilities
2 = (70,000 - Inventory) / 24,500
Inventory = $21,000
Inventory turnover ratio = Total sales / Inventory
Inventory turnover ratio = 400,000 / 21,000
Inventory turnover ratio = 19.05 times
Related Questions
Zion’s uncle, a project manager, who works for a variety of companies managing people and projects that have specific deadlines, could best be described as a(n)
Answers
Zion's uncle, who works as a project manager for a variety of companies managing people and projects with specific deadlines, could best be described as a "contract project manager" or a "freelance project manager."
As a contract project manager, Zion's uncle operates on a project-by-project basis, providing his project management expertise to different companies or clients. He is hired for a specific duration or scope of work and is responsible for overseeing the planning, execution, and successful completion of projects within the given deadlines.
Being a contract project manager allows Zion's uncle to work with different companies, industries, and project types, providing flexibility and exposure to various challenges and opportunities. He is likely skilled in project management methodologies, communication, coordination, and leadership, enabling him to effectively manage teams and deliver projects on time.
The nature of his work, involving specific deadlines and managing people across different projects, suggests that he operates in a dynamic and results-oriented environment, where meeting project milestones and achieving deliverables within set timeframes are critical.
Overall, Zion's uncle's role as a project manager who works on multiple projects with specific deadlines aligns with the description of a contract or freelance project manager.
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6. Sample size for an interval estimate of a population mean
The Cinema Advertising Council is conducting a study to estimate the average number of minutes moviegoers spend at the theater before the previews begin. The study researcher desires a 2-minute margin of error at 90% confidence.
The population standard deviation is unknown, so a best guess is used as the planning value for σ. The council estimates that the smallest amount of time spent at the theater in the population of moviegoers is –5 minutes (a moviegoer arrives 5 minutes late), and the largest amount of time spent at the theater is 25 minutes.
A rough approximation of the population standard deviation is .
Answers
The sample size required for an interval estimate of a population mean with a 2-minute margin of error at 90% confidence is 37.
What is population?Population is the number of people or other organisms that inhabit a particular area. It is the differentiated components of a population that are of most interest to those studying it. Population size and density, distribution, composition, and dynamics are all important factors when examining populations.
The sample size for an interval estimate of a population mean can be calculated using the following formula:
n = (2*z*σ/E)2
where n is the sample size, z is the number of standard deviations from the mean corresponding to the desired confidence level (e.g. 1.645 for 90% confidence), σ is the population standard deviation (or the best guess of it), and E is the desired margin of error.
In this case, we have z = 1.645, σ = 8.87 (the best guess of the population standard deviation), and E = 2 (the desired margin of error). Plugging these values into the formula, we get:
n = (2*1.645*8.87/2)2 = 37.02
Therefore, the sample size required for an interval estimate of a population mean with a 2-minute margin of error at 90% confidence is 37.
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1. What must be given up in order to gain something else:
Deficit
Opportunity cost
Surplus
Revenue
Answers
Answer: i dont know
Explanation: It Might be Revenue
TopKnotch Mfg. Co. has a production cost of $280. It sells its product to a wholesaler for $400. The wholesaler then sells the item to retailers for $500 and the retailers sell the item for $1,000.
A. What is the retailer’s markup percentage on selling price?
•
B. What is the wholesaler’s markup percentage on selling price?
•
C. What is the manufacturer’s markup percentage on cost?
Answers
Answer: 50%, 40%
Explanation: A. What is the retailer’s markup percentage on selling price?
Selling price – cost/Selling price X 100 so 1000-500=500/1000 =.5 X 100 = 50%
B. What is the wholesaler’s markup percentage on selling price? 1000-400/1000 X 100 = 40%
A. The retailer's markup percentage on selling price is 100%.
B. The wholesaler's markup percentage on selling price is 25%.
C. The manufacturer's markup percentage on cost is approximately 42.86%.
A. Retailer's Markup Percentage on Selling Price is calculated as follows:
Markup = Selling Price - Purchased Price
Markup = $1,000 - $500
= $500
Markup Percentage = (Markup / Purchased Price) * 100
Markup Percentage = ($500 / $500) * 100
= 100%
B. Wholesaler's Markup Percentage on Selling Price is calculated as follows:
Markup = Selling Price - Purchased Price
Markup = $500 - $400
= $100
Markup Percentage = (Markup / Purchased Price) * 100
Markup Percentage = ($100 / $400) * 100
= 25%
C. Manufacturer's Markup Percentage on Cost is calculated as follows:
Markup = Selling Price - Production Cost
Markup = $400 - $280
= $120
Markup Percentage = (Markup / Production Cost) * 100
Markup Percentage = ($120 / $280) * 100
= 42.86%
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what are mutual funds are
Answers
Answer:
Mutual Funds are simply a way to pool money together and buy more stocks. You invest into a mutual fund along with many other people. Then your pooled money is invested by the manager of the mutual fund. They are generally conisdered safe as they are run by "stock gurus".
Economic demand is?
A. the amount of a good or service that consumers are willing and able to buy at one price.
B. the amount of a good or service that consumers are willing and able to buy at various prices.
C.the amount of a good or service that producers are willing and able to produce at various prices.
D. the amount of a good or service that consumers are willing but not able to buy at various prices.
Which of the following is correct?
Answers
The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.
It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.
As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.
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If Damien loses his job due to injury, he worries that his family won’t be able to survive without his income. He decides to purchase disability insurance that will provide money for him and his family if he should ever become physically unable to work. By purchasing this type of insurance, from which type of risk is Damien trying to protect himself?
A.
property risk
B.
liability risk
C.
inheritance risk
D.
personal risk
Answers
Damien is trying to protect himself from personal risk by purchasing disability insurance. Hence, Option (D) is correct.
Personal risk refers to the possibility of experiencing a loss in an individual's ability to earn income due to factors such as illness, injury, or disability.
In Damien's case, his concern about losing his job due to injury highlights the potential personal risk he faces. If he becomes physically unable to work, his income could be significantly impacted, which could have severe financial consequences for his family.
By purchasing disability insurance, Damien is taking steps to mitigate the potential loss of income in the event of a disability, ensuring financial support for himself and his family during such circumstances.
Thus, Damien is trying to avoid personal risk on account of any fatal injuries.
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Answer:
d
Explanation:
if the inventory turnover ratio cast co is 5x and its gross profits and sales are $270 million and $1,200 million respectivelly then the inventory account for cast is
a.$180 million
b.$182 million
c.$186 million
d.$196 million
Answers
Answer:
c.$186 million
Explanation:
Calculation to determine what the inventory account for cast is
Using this formula
Inventory account for cast =Sales - Gross profit/Inventory turnover ratio cast
Where,
Sales=$1,200 million
Gross profit=$270 million
Inventory turnover ratio cast =5x
Let x be the inventory account for cast
Let plug in the formula
5x=$1,200 million-$270 million
5x=$930 million
x=$930 million/5
x=$186 million
Therefore the inventory account for cast is $186 million
Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
Answers
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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In January, Dieker Company requisitions raw materials for production as follows: Job 1 $920, Job 2 $1,170, Job 3 $770, and general factory use $650. During January, time tickets show that the factory labor of $6,300 was used as follows: Job 1 $2,400, Job 2 $1,700, Job 3 $1,520, and general factory use $680. Prepare the job cost sheets for each of the three jobs.
Job 1
Date Direct Materials Direct Labour
1/31 900 2,200
Date Direct Materials Direct Labour
1/31 1,200 1,600
Date Direct Materials Direct Labour
1/31 700 1,400
Sam Bowden believes actual manufacturing overhead should be charged to jobs. Do you agree?
Answers
Answer:
No, Actual manufacturing overhead should not be charged to jobs
Explanation:
Only overheads applied using the pre-determined overheads rate should be charged to the jobs. This is because, charging actual manufacturing overhead to the jobs delays the product costing exercise which needs to be done earlier in the month. The Actual costs are only available at the end of the month.
anyone mind helping me by checking if it’s right and correct them? thank you so much!
Consider the following T-account for cash.
1. Compute the balance of the cash account.
2. Specify which of the following cash transactions would have resulted in the $4,000 posting to the account. (You may select more
than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the
box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded
as incorrect.)
Receiving cash from customers
3. Specify which of the following cash transactions would have resulted in the $1,700 posting to the account. (You may select more
than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the
box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded
as incorrect.)
no random answers please ty
Answers
a) The computed cash account debit balance based on the T-account is $5,100.
b) The cash transactions that would have resulted in the $4,000 posting to the cash account include:
Receiving cash from customersIssuing stock (for cash)Borrowing moneySelling assets (for cash).c) The cash transactions that would have resulted in the $1,700 posting to the cash account include:
Paying cash for suppliesPaying cash for utilitiesPaying cash for rentPaying cash for equipmentPaying cash for employees salariesPaying cash for dividends.What transactions are posted to the cash account?Only cash transactions are posted to the cash account.
The transactions include receipt of cash (debited) and payment of cash (credited).
T-accounts are general ledger accounts in the form of the letter T showing the debit and credit sides.
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Some of the risks and pitfalls of implementing a multisource feedback include:
Stock value may drop
Negative feedback may hurt employees’ feelings
Raters may be overloaded
All of the above
Answers
A risk and pitfall of implementing a multisource feedback is that C. Raters may be overloaded .
What is multisource feedback ?Multisource feedback ( also known as 360 - degree feedback ) is a type of feedback on employees where information on those employees is gathered from multiple sources such as their colleagues, managers, and subordinates .
The major risk or pitfall with this type of feedback system is that the raters could get overwhelmed by the sheer amount of information they have to sift through from all those different sources of information on employees.
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Do you know the answer?
Answers
Answer:
no
Explanation:its to blurie
Which factor of production refers to the people who start a business or company?; Which factor of production is the person who owns and runs the business so they can make a profit?; What are the 4 factor of production?
Answers
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Which of the following is a reason that businesses invest in capital, such as technology and new equipment? Decrease production possibilities Increase production possibilities Maintain production possibilities An outcome cannot be determined
Answers
A reason that businesses invest in capital is to increase the production possibilities.
Why do businesses invest in capital?
Capital include all the man-made resources that are used in the production process. Capital is one of the factors of production. Examples of a capital include technology and new equipment.
Capital increases the production possibilities of a firm and it is also increase the efficiency and quality of output. For example, imagine that a company stores records in files in a cabinet. Now, imagine that the firm buys a computer and uses the computer to store information instead. The amount of data that can be stored now has increased. Also, the data stored are better preserved.
Some of the disadvantages of capital is that it can be expensive to acquire and sometime it can render the job functions rendered by humans obsolete.
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Answer:
Increase production possibilities
Explanation:
just took the quiz
A financial instation formed by a large organizacion for its members is a savings and loan
Answers
Answer:
Credit Unions
Explanation:
Credit unions are non-profit making institutions established by large corporations or other entities to cater to their employee's financial welfare. They provide traditional banking services, although they operative like cooperatives societies. Credit unions are created, managed, and belong to their members.
Credit unions mainly offer credit facilities to its members. Because they are not for profits, they provide loans at very competitive terms compared to banks.
What are the process of microeconomics?
Answers
Answer:
Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers, and business owners.
Explanation:
Kwan has $10,000 in interest expense; an expired $5,000 insurance policy; $20,000 in depreciation; and he paid himself a dividend. What is the only item with no entry in assets on his balance sheet
Answers
The only item that does not have an entry in the assets on Kwan's balance sheet is Interest Expense of $10,000.
Data Analysis:
Interest Expense $10,000 Income Statement $10,000
Insurance Expense $5,000 Prepaid Insurance $5,000
Depreciation Expense $20,000 Accumulated Depreciation $20,000
Dividend Payable $ Cash $
Thus, except interest expense, the other items have entries in assets on Kwan's balance sheet.
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In this unit, you learned about using the internet for business purposes. What forms of business communication rely on the internet? How do these forms differ from each other? What are some of the risks associated with internet-based communication? Which form do you think businesses find most useful for reaching the public? Why?
Answers
Answer:The forms of business purpose is Email, instant messaging, websites, blogs, text messaging, voicemail and video messaging.Each form have there way of doing things like emailis a message.and video message is a massage but you can see who you are talking to.The Form that I think is useful is Email because everyone use it.
ty
By saving time and money, switching from paper to electronic communications might actually make it easier for your company to communicate. A few types of electronic communication include email, instant messaging, websites, blogs, text messages, voicemail, and video messaging.
What do you mean by the business Communication?Information sharing in the workplace and with external parties is referred to as business communication.
Digital media are used in internet marketing to spread awareness of your company and encourage customers to buy your goods and services.
According to the guidelines, despite the huge and constantly expanding range of issues categorized as online safety, they may be divided into four categories of risk: content, interaction, conduct, and commerce.
A useful electronic communication tool for marketing is the blog. Electronic communication that is effective has a distinct message.
Therefore, by saving time and money, switching from paper to electronic communications might actually make it easier for your company to communicate. A few types of electronic communication include email, instant messaging, websites, blogs, text messages, voicemail, and video messaging.
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john and mabel's company, high-tech solutions, is a medium-sized high-tech firm with a core employee group of highly skilled professionals. around this core is a group of twice as many part-time contract programmers and other computer professionals. as they win programming contracts, they hire contract workers. when work slows, they let the part-timers go but keep their core group. their target industries are facing increasing government scrutiny and possible regulation due to the number of firms that are doing poor work and causing long-term problems for customers. john believes, when hiring for either the core group or for the part-time work force, they need to look not only at each candidate's technical work skills and competency but also think about other factors as well: the candidate's emotional control, team orientation, self-awareness, self-esteem, and what the company has to offer them in terms of family support. mabel agrees to a degree. she thinks that the key to productivity and quality is through their people, but she wants to focus more on technical competencies and less on the other areas john mentions. high-tech solutions uses teams extensively. employees are trained how to work in teams, handle conflict, work cooperatively, etc. joan, a five-year veteran at high-tech, plays softball in a church league with several of her coworkers. she has asked for investment advice from a couple of the work-group members who are heavily into the stock market. she, in general, highly enjoys her work because of the relationships she has with her coworkers. in sharp contrast, one of the new employees is having a hard time with her supervisor. she wants greater independence and more affirming feedback. the supervisor wants to be sure the new employee can do her job, so he is supervising closely and is giving a lot of corrective feedback. refer to case 1.1. john's approach to hiring is an example of the concept of hiring
Answers
The idea of employing a total person is demonstrated by John's hiring strategy.
The Total Person concept is a way of life that emphasizes goal-setting and action plans that take into account six crucial areas: family and home, financial and career, mental and education, physical and mental well-being, social and cultural diversity, and morality and ethics. In this individualized Plan of Action, self-evaluations are used to help people determine their values, set priorities, and set goals. These efforts enable the individuals in your business to establish equilibrium in all six spheres of existence. People who attain that balance are happier and more productive, according to study, and when everyone is more productive, your organization as a whole performs better.
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21
Select the correct answer from each drop-down menu.
What are the elements of a compensation package?
An employee's
compensation includes basic pay, performance-based pay, incentives, stock options, and bonuses.
compensation includes insurance, and retirement programs.
Answers
An employee's compensation includes basic pay, performance-based pay, incentives, stock options, and bonuses - This is the correct answer, as these are all elements of a compensation package.
What is compensation?Compensation is the financial remuneration given to employees in exchange for services rendered. It can take many different forms, including wages, salaries, bonuses, commissions, and other forms of non-monetary benefits. Compensation is typically based on the level of responsibility, job performance, and market conditions.
Compensation includes insurance, and retirement programs - This is not the correct answer, as these are not elements of a compensation package, but rather benefits that are typically offered in addition to the compensation package.
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Effective December 15th, 2018, the operating leases will be recorded: A) as an asset and liability on the balance sheet of the lessee with a value equal to the estimated residual value of the leased asset. B) in the footnotes rather than on the balance sheet of the lessee. C) on the balance sheet of the lessee with value equal to the present value of future lease payments. D) only on the balance sheet and income statement of the lessor. E) only on the income statement of the lessee as each lease payment is expensed.
Answers
Answer: C) on the balance sheet of the lessee with value equal to the present value of future lease payments.
Explanation:
According to IFRS 16 and US GAAP ASC 842 which commenced Jan 1, 2019 and Dec 15, 2018 respectively, Lease payments are to be recognized on the balance sheet of the Lessee at the present value of the future payments on the lease.
The discount rate to be used will be implicitly stated in the lease agreement if both parties were able to determine it.
Farm products which are perishable and seasonal nature are supplied by
Answers
Answer:
★ Farm products which are perishable and seasonal nature are supplied by many producers.
Explanation:
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Joey has opened a restaurant. He paid a large amount of money up front to get the business started. He only sells products that are licensed by someone else. What type of business opportunity is Joey a part of?
Question 9 options:
1: Franchise
2: Dealership
3: Licensing
4: Network marketing
Answers
Answer:
Franchise
Explanation:
The answer is FRANCHISE
What is principle of management?
Answers
Answer:
principal of management is Techniques are procedures or methods, which involve a series of steps to be taken to accomplish the desired goals. Principles of management are broad and general guidelines for decision-making behaviour.
Amble Inc. exchanged a truck with a book value of $12,000 and a fair value of $20,000 for a truck and $5,000 cash. The exchange has commercial substance. At what amount should Amble record the truck received
Answers
Answer:
$20,000
Explanation:
Based on the information given about Amble Inc the amount that Amble should record the truck received should be $20,000 because the book value is the amount of $12,000.
Secondly since we were told that the exchange has commercial substance which means that the amount of $20,000 which is the fair value of the truck which the buyer is willing to buy from the seller should be the amount that Amble should record the truck received .
Therefore Amble should record the truck received at the amount of $20,000
What is the weighted average cost of capital if a business has a cost of equity of 12%, a cost of debt
of 10%, tax rate of 25%, 20 million market value of debt, and 60 million market value of equity?
0000
10.4%
9.8%
11.5%
10.9%
Page 5 of 20
Answers
To calculate the weighted average cost, divide the total cost of goods bought by the numeral of units available for sale. To find the cost of goods available for sale, you'll need the total amount of beginning products and recent purchases.
What is the weighted average cost method?
In accounting, the Weighted Average Cost (WAC) method of inventory valuation uses a weighted standard to determine the amount that goes into COGS and inventory. The weighted middle cost method divides the cost of goods available for sale by the number of units available for sale
How do you calculate the weighted moderate cost of capital?
WACC is calculated by multiplying the cost of each money source (debt and equity) by its appropriate weight by market value, and then adding the outcomes together to select the total.
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Which statement best illustrates an example of economic specialization?
A. An employee leaves a large corporation to start her own business.
о B. A country decides to stop importing goods from foreign
companies.
O C. A business owner only hires employees with a wide variety of
skills.
O D. An artist becomes an expert at designing websites for restaurants.
SUBMIT
Answers
An artist becomes an expert at designing websites for restaurants such a statement best illustrates an example of economic specialization. The correct option is D.
Economic specialization entails the development of specialized knowledge and skills in a particular area of economic activity, and the best example of this is an artist who becomes an expert at creating websites for restaurants.
Economic specialization is the process through which people, organizations, or entire nations concentrate on manufacturing particular commodities or services for which they have a comparative advantage in order to boost production and efficiency. By specializing, people or companies can become more skilled and efficient at creating that good or service, which will boost their output and profits.
Thus, the ideal selection is option D.
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If the real U.S. GDP was $7,636.4 billion in 1998 and the U.S. population was 295 million, the per capita real GDP would have been approximately:_________-
Answers
Answer:
25,886 per person
Explanation:
The real US GDP in the year 1998 is 7636.4 billion
The US population was 295 million
Therefore thecapitapital real GDP can be calculated as follows
= 7636.4 billion/295 million
= 25,886 per person
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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