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Ibiam Co.'s ROA for the most recent year was 15%. When you examine the company's long-term debt footnote, you conclude that Ibiam's current borrowing rate is about 8%. Their debt-to-equity ratio is 1-to-1. What would you recommend to the CEO of Ibiam? a. Use any available cash to pay down debt to avoid the borrowing costs. b. Borrow money for any investment needs; if excess cash is on hand, buy back some of your own stock. c. Stop worrying about financing and concentrate on operations. d. Increase debt by a factor of 10, pay out the proceeds as a big dividend, and head for a non-extradition country. The Dozier Co. shipped products to customers in 2015, and customers agreed to pay Dozier a total $2,000 in 2016. What factor might lead Dozier to recognize less than $2,000 of revenue in its 2015 income statement?a. Dozier shipped product to customers with low credit scores b. Dozier allows customers a limited right of return c. Dozier included two years of tech support with the products at no extra charge d. All of the above e. B & C The Crowe Co. uses the LIFO cost flow assumption. Your boss has asked you to compare financial results of Crowe with that of another company that uses the FIFO cost flow. You dig around in Crowe's annual report and find the following ending balances: Inventory $3,120; Other Assets $5,000; Shareholders' Equity $7,206; Net Income $690. Your research also reveals that the LIFO reserve was $320 at the end of the year, and the reserve was $370 at the beginning of the year. What ending balance of assets would Crowe report if it had always used the FIFO cost flow assumption? Ignore income taxes. a. $8,440 b. $8,490 c. $8,120 d. $7,800 e. None of the above Refer to the question above. What net income would Crowe. Co. report for this year if it has always used the FIFO cost flow assumption?
the following data are taken from the balance sheet at the end of the current year. determine the a working capital b
a company has inventory of 28 units at a cost of 14.5 each on june 1. on june 3 they purchased 38 units at 16.5 each.
1. a and b are married are both age 50 and have two dependent children c aged 18 and d aged 20 and live in
Average cost per unit is $1.425 at the 16000 unit level of activity and $1.38 at the 20000 unit level of activity. What is the variable cost per unit? The total fixed cost per unit?
1.while congress believed that sarbanes-oxley would improve corporate corruption and prevent future corporate scandals
j-mart and buy-lo are two companies that sell identical products. they are located in different parts of the same city.
Aborkian Co. is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:
Wertz Corporation decided at the beginning of 2010 to change from the completed-contract method to the percentage-of-completion method for financial reporting purposes.
A review of the accounting records of Rayford Manufacturing indicated that the company incurred the following payroll costs during the month of August.
wedig diagnostics manufactures two laser photometers that are used in preparing dna tests. the u.s. model is designed
the bootsie holding company has sales exceeding 10 billion and each of its three wholly-owned subsidiaries has sales
what is the percentage change from 2011 to 2012? what is the percentage change from 2012 to 2013? be sure to indicate
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