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Question - You are a Financial Manager for Dexter Manufacturing. Your sales were $1,000,000 in 2010, and $1,000,000 again in 2011. Your accounting department came to you recently and stated that the cash balance is much lower at the end of 2011 than it was in 2010. You calculate your Accounts Receivable and Inventory Turnover for 2011 and noticed that both of these ratios have DROPPED from 2010 to 2011! Describe in a couple paragraphs what has happened to Accounts Receivable and Inventory. Does this help explain why cash is running low in your opinion? What could you suggest to your management team to help improve these 2 ratios and to help increase cash?
Can Ace and Jake change to the FIFO method of inventory from LIFO? Are any ethical issues involved?
Their gross income = $40,200 and they were reimbursed $6,000 by their insurer. What are their deductible medical/dental expenses for the current year
If during the year total assets increase by $70,000 and total liabilities decrease by $13,500, by how much did owner's equity increase/decrease
The president objects, claiming that this sale took place after December 31, 2004, and, therefore, should not be shown. Explain your position.
Compare the two selected strategies and how they might apply in your work setting.Assess how planning impacted the negotiation process in both situations.
If Kiki Co. uses a normal costing system and a plantwide predetermined overhead rate, the budgeted overhead per unit is:
The law proved difficult to enforce, with many dry cleaners continuing to ignore it years after it was passed.
Alan Jackson invests $43,500 at 10% annual interest, leaving the money invested without withdrawing any of the interest for 10 years.
What form of business organization is Facebook? Identify what line item flows from the income statement to the statement of retained earnings.
a large corporation recently reported the following amounts on its year-end balance sheets20072008accounts
Determine the amount of remeasurement gain or loss, if any, reported in net income in each of the three most recent years
Hawk Enterprises has bonds on the market making annual payments, with 16 years to maturity, and selling for $870. What must the coupon rate be on the bonds
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