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1. The MGM Mirage owns and operates casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of December 31, 2007, the MGM Mirage reported accounts and notes receivable of $452,945,000 and allowance for doubtful accounts of $90,024,000. Johnson & Johnson manufactures and sells a wide range of health care products including Band-Aids and Tylenol. As of December 31, 2006, Johnson & Johnson reported accounts receivable of $8,872,000,000 and allowance for doubtful accounts of $160,000,000.
b. Compute the percentage of the allowance for doubtful accounts to the accounts receivable as of December 31, 2006, for Johnson & Johnson.
c. Discuss possible reasons for the difference in the two ratios computed in (a) and (b).
What net income or net loss per share would the company report for 2008 if it had 180,000 shares of common stock outstanding?
In order to maximize the company's profitability, prepare an analysis that will show which product or products Sportway Corporation should manufacture or purchase.
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Will the team make more profit from the combination of selling personal seat licenses and season tickets if it keeps the prices of the season tickets low or if it charges the monopoly price? Briefly explain. After the first year, is the team's str..
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