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Questions-
1. A firm has $100 of average inventory, operating profit of $500 and sales of $1,500. Its days in inventory is:
1. 36.5 days2. 24.3 days3. 73.0 days4. Not enough information
2. Which of the following isolated events will NOT change the quick ratio for a manufacturer?
1. Repayment of short-term debt2. The cash purchase of new machinery3. The credit sale of finished goods4. A customer's cash payment of an outstanding receivable
Additional information-
These questions belong to Accounting and it discusses about two multiple choice questions.
Evaluate Nancy's calculation of the adjusted basis for her Rose stock. How would your answer change if Nancy purchased thereplacement stock on July 15 rather than on May 31?
Management wishes to maintain a minimum cash balance of $8,000. Complete the basic cash budget for the month of January.
trenton reports net income of 230000 for the year ended december 31 year 2. it also reports 87700 depreciation expense
If the new business is expected to earn $72,000 of after-tax net income in the first year, what rate of return on beginning equity will Kelly earn under each alternative plan? Which plan will provided the higher expected return?
assume you work as an assistant accountant in the head office of a national movie rental business a la blockbuster inc.
north pole cruise lines issued preferred stock many years ago.it carries a fixed dividend of 6 per share. with the
question 24 figure 4-6. xeller company makes electronic keyboards. the practice model price is 220 and variable
the authority vested in the board of directors is assigned to.coo ceo senior vice president for legal compliance all of
Logan corporation issue $800,000 of 8% bonds on October 1, 2006, due on October 1, 2011. The interest is to be paid twice a year on April 1 and October 1. The bonds were sold to yield 10% effective annual interest. Logan Corporation closes its boo..
how would you explain to a member of your board of directors the difference between the companys income tax expense and
wheelco a foreign corporation manufactures motorcycles for sale worldwide. wheelco markets its motorcycles in the
Residual value = Rs.25, 000 Sale price = Rs.40, 000 Rate ofdepreciation = 40% What will be book value of machine after fouryears using straight line method?
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