ebook show me how question content area inventory analysis a company reports the following: cost of goods sold $227,760 average inventory 56,940 determine (a) the inventory turnover and (b) the number of days' sales in inventory. round interim calculations to the nearest dollar and final answers to one decimal place. assume 365 days a year. a. inventory turnover fill in the blank 1 b. number of days' sales in inventory fill in the blank 2 days

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Answer 1

The correct answer is (a) the inventory turnover. Inventory turnover is a gauge of a company's inventory management effectiveness in relation to its cost of goods sold.

What is inventory turnover?

Inventory turnover is a financial ratio that demonstrates how frequently a company turns over its stock in relation to its cost of goods sold (COGS) over the course of a specific time period.

The number of days in the period—typically a fiscal year—can then be divided by the inventory turnover ratio to determine the average number of days it takes for a company to sell its inventory.

Businesses can improve their decisions on pricing, manufacturing, marketing, and purchasing by using the inventory turnover ratio.

It is one of the efficiency ratios used to gauge how well a business uses its resources.

A low inventory turnover ratio could indicate sluggish sales or too much inventory.

On the other hand, a high inventory turnover ratio denotes robust sales. It can be the effect of not having enough stock.

Inventory Turnover=COGS/Average Value of Inventory

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Related Questions

Which of the following scenarios fails to describe a possible real option embedded in a project analysis? A) A truck fleet outfitted with engines capable of running on five various types of fuel. B) A patent was developed for a new process of slicing bread. C) A new product line started with future follow-on investments available. D) The articles of incorporation were amended to allow for stock splits and reverse stock splits.

Answers

The scenarios that follow fall short of describing a viable genuine option. The option (D) that the articles of incorporation were changed to permit stock splits and reverse stock splits is included in a project analysis.

What is investments?

An investment in the economy is the act of making a purchase of goods that will not be used immediately away but rather later on to generate wealth. A financial asset is considered an investment in finance if it is bought with the hope that it will either continue to generate income or be sold for a profit in the future. The three basic categories into which investments are traditionally categorised are stocks, bonds, and cash equivalents. There are various different sorts of investments that fall under each category. Here are six other investment categories you might think about for long-term growth, along with some information on each.

What are benefits of investment?

Investing is a successful approach to use your money and possibly increase your fortune. Your money might gain value and outpace inflation if you choose wisely while investing. The power of compounding and the trade-off between risk and return are the main reasons investment has a higher growth potential. Putting money into yourself will increase your self-esteem and confidence in your own abilities. Focusing on your personal growth will help you come to know yourself better as well as provide you new knowledge and abilities.

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no deferred tax asset was recognized in the year 1 financial statements by the chaise company when a loss from discontinued segments was carried forward for tax purposes. chaise had no temporary differences. the tax benefit of the loss carried forward reduced current taxes payable on year 2 continuing operations. the year 2 financial statements would include the tax benefit from the loss brought forward in income from continuing operations. gain or loss from discontinued segments. owners' equity. cumulative effect of accounting changes.

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Yes, the year 2 financial statements would include the tax benefit from the loss brought forward in income from continuing operations.

The amount should be reported as a reduction of income taxes payable in the income statement. As the tax benefit is associated with the discontinued segment, the amount should also be reported in the gain or loss from discontinued segments in the income statement. Furthermore, the tax benefit will also result in an increase in owners' equity as the amount of taxes payable is reduced. The impact of the tax benefit should be reported in the cumulative effect of accounting changes in the statement of changes in equity.

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The theory of constraints (TOC) is:
A. A strategic technique primarily used to reduce waste
B. A strategic technique used to help firms effectively improve the rate at which raw materials are converted to finished goods and then money through sales
C. A strategic technique used to balance capacity across all resources
D. All of the above

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The theory of constraints (TOC) is a strategic technique used to balance capacity across all resources.

What does a TOC constraint mean?

The Theory of Constraints is a process for determining the most significant constraint (i.e., limiting factor) that prevents the accomplishment of a goal and then methodically removing that limitation until it is no longer the constraint. The restriction is frequently referred to as a bottleneck in manufacturing.

What do SQL Mcq constraints mean?

Explanation: A constraint outlines the guidelines that will allow or prohibit the data that can be placed in a table. The constraints that provide guidelines for data input are the PRIMARY KEY, NOT NULL, and CHECK.

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the doha round of negotiations focuses on industrial and nontariff barriers, agriculture, services, and easing trade rules.

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The correct statement is : The doha round of negotiations focuses on industrial and nontariff barriers, agriculture, services, and easing trade rules.

This is True.

Trade rules includes the relevant rules and customs for trade between countries. However, it is also used in legal writings as trade between private sectors.

Faster import clearance, duty savings, predictable costs, reduced regulatory oversight and a competitive advantage are all reasons to ensure your business is compliant with international trade regulations.

Under a free trade policy, goods and services can be bought and sold across international borders with little or no government tariffs, quotas, subsidies, or prohibitions preventing their exchange. The concept of free trade is the opposite of trade protectionism or economic isolationism.

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you are considering buying stock in new england bankshares corporation. which of the following are examples of risk that can be diversified away?

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The risk associated with a potential lawsuit against New England Bankshares might be diversified away when thinking about purchasing stock in the company.

The likelihood that a person or company will go to court is known as a litigation risk. I.e risk associated with a potential lawsuit. The person or business may be facing legal action as a result of their goods, services, deeds, or other circumstances.

Due to the significant potential financial benefit for plaintiffs, huge corporations are particularly vulnerable to legal action.

The costs of legal defence as well as potential outcomes (such as settlements) are taken into consideration when evaluating the risk of litigation.

Customers, suppliers, rival company, or even shareholders of a corporation could sue.

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jasmine gives a presentation is which she uses a conversational style with the audience. she refers to her notes so seldom that the audience barely notices. she uses visual aids, including them as a natural part of her talk. which of the following presentation methods is she most likely using?
o extemporaneous o memorized o read o impromptu o visualized

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In the presentation, as Jasmine uses visual aids including them as a natural part of her talk. A presentation methods that she is most likely using is an extemporaneous method. The Option A is correct.

What is an Extemporaneous speech?

An extemporaneous speaking is a speech that consists of delivering a speech in a conversational fashion using notes. They are developed through outlining ideas, not writing them out word-for-word.

This type of speech are practiced ahead of time, rehearsed and re-rehearsed (extemporaneous speeches are not impromptu), using a keyword outline of single words and short word phrases.

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If Jasmine gives a presentation is which she uses a conversational style with the audience she is using the extemporaneous option a

What is meant by the extemporaneous presentation?

Extemporaneous, which meaning "without planning," is often used interchangeably with the word impromptu. An extemporaneous speech, on the other hand, is actually a well-prepared speech that relies on research, a distinct structure, and honed delivery. It is never delivered in exactly the same way because it is neither read aloud nor memorized.

Extemporaneous refers to speech that is made on the spot. Although the orator's performance was excellent, it wasn't until we found out that his speech was spontaneous that we really appreciated the breadth of his talent. Some politicians are so adept at what they do that even their rehearsed words come off as spontaneous.

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TRUE/FALSE. under the uniform securities act, the definition of sale includes bona fide gifts of securities. giving a security as a bonus with any purchase.

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Under the uniform securities act, the definition of sale includes bona fide gifts of securities. giving a security as a bonus with any purchase. This statement is false.

The definition of sale expressly excludes bona fide gifts of securities and preliminary agreements between issuers and underwriters. Any bonus security received with another transaction is regarded as a component of that purchase and is therefore sold.

A conversion or buy right is regarded as a sale whenever it is used. The Uniform Securities Act defines "sale," which is sometimes used interchangeably with "sell," as any contract of sale, any contract to sell, and any disposition of a security or interest in a security.

An interest in a security of the issuer is disposed of when a corporate bond is sold, whether or not a warrant is attached.

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Economic Order Quantity (EOQ) includes several variables that must be taken into consideration whencalculating the optimal order size. One variable, the costs associated with holding inventory, is referred toas a. carrying costs. b. the reorder point. c. stockout costs. d. ordering costs.

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When determining the ideal order size, the Economic Order Quantity (EOQ) involves a number of elements that must be taken into account. Carrying costs are one variable, which are the expenses related to maintaining inventory.

The various expenses a business incurs for keeping inventory on hand are known as carrying costs.

Taxes, insurance, personnel costs, and opportunity costs are a some examples of carrying costs.

The amount of inventory a business should order to meet demand while lowering total ordering, receiving, and holding costs is known as the economic order quantity (EOQ).

Therefore, the correct option is a. carrying costs.

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supa econ identify the condition at which the microeconomy must be functioning if the macroeconomy is performing at full sustainable capacity (potential) gdp. pareto optimal general competitive equilibrium identify how economi

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In the micro economy, the full sustainable capacity, or potential GDP, is referred to as Pareto optimal General Competitive Equilibrium in macroeconomic terms.

What might GDP macroeconomics look like?

GDP potential. The value of real GDP when all of the economy's production factors—labor, capital, land, and entrepreneurial skill—are utilized to their full potential.

What is the potential GDP?

GDP potential refers to the degree of Gross domestic product achieved when all organizations are creating at limit.

What is output at full employment, or potential?

Full Work Gross domestic product, otherwise called expected yield, is a financial term used to depict a solid economy where total interest is in balance with both short run and long run total stock.

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an import tariff will cause the relative demand for ___ to ____ and the relative supply for ___ to .

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An import tariff will cause the relative demand for imports to decrease and the relative supply for imports to increase.

Tariffs are one tool used by governments to interact with trading partners with whom they do not agree. A tariff is a charge that one government imposes on the imports of products and services from another country in an effort to sway it, generate income, or safeguard competitive advantages.

Import tariffs are levied by the customs authority on commodities brought into a nation. The amount that will be imposed on imported products is often determined by their worth. Import tariffs can also refer to import duties, customs duties, tariffs, or import taxes in specific situations.

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prance, inc., earned pretax book net income of $1,881,000 in 2021. prance acquired a depreciable asset that year, and first-year tax depreciation exceeded book depreciation by $188,100. prance reported no other temporary or permanent book-tax differences. the pertinent u.s. federal corporate income tax rate is 21%, and prance earned an after-tax rate of return on capital of 4%. enter below prance's 2021 deferred tax benefit or expense and any deferred tax asset or liability.

Answers

Balance Sheet

Deferred Tax liability: $ 343770=1637000*21%

Income Statement

Deferred Tax Expense: $ 343770=1637000*21%

Prance's Total tax expense will be

Current Tax expense: 309393=(1637000-163700)*21%

Add :Deferred Tax Expense: 343770

Total Tax Expense: $ 653163

A tax is a obligatory economic fee or a few different form of levy imposed on a taxpayer (an person or criminal entity) by means of a governmental organisation on the way to fund government spending and numerous public prices (nearby, nearby, or national),[2] and tax compliance refers to policy actions and person behaviour aimed toward ensuring that taxpayers are paying the right amount of tax on the proper time and securing the appropriate tax allowances and tax reliefs.[3] the first regarded taxation took place in historic Egypt around 3000–2800 BC.[4] A failure to pay in a well timed manner (non-compliance), together with evasion of or resistance to taxation, is punishable by using law. Taxes encompass direct or indirect taxes and can be paid in money or as its exertions equal.

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in the pupillary light reflex of a healthy individual, light falling on the left eye will cause only left pupil constriction.

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From the question the true statement is: the light falling on one eye will cause both pupils to constrict equally.

What the function of pupils?

The pupil opens and closes to control the amount of light entering the eye. Light from the outside of the eye enters the pupil through a clear lens. This light is focused on the retina, the layer of light-sensitive cells in the back of the eye. The pupil lets light into the eye while the iris muscles change shape. The lens of the eye focuses light passing through the pupil. The light then travels deep into the eye and hits the retina.

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the mnc should continue to invest in new projects up to the point where the marginal rate ofreturn earned on a new investment equals the marginal cost of new capital.

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It is completely appropriate to mention that a multinational corporation should always operate its investments in new projects till the point where the marginal rate of return is equal to at least the marginal cost of capital. Therefore, the statement given above is completely true.

The marginal rate of return represents the return over the investments in the projects. Moreover, the marginal rate of return is an additional return generated by investing in one additional project with the infusion of additional capital for such project.

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Suppose you are consuming two goods, A and B. Your marginal utility of good A is 20, and your marginal utility of good B is 4. The price of good A is $10, and the price of good B is $2. a. In this case, you are (Click to select) b. You should consume: Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers less of good A 7 more of good A the same amount of good A 12 the same amount of good B ? more of good B

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The price of good A is $10, and the price of good B is $2. option a and b are correct.

The Law of Equi-marginal Utility is another essential foundation of Economics. This principle is also known as the Law of Substitution or the Law of Maximum Satisfaction.

Although we know that human needs are boundless, the tools for satisfying these desires are severely limited. As a result, it is critical to prioritize the most essential demands that can be satisfied with the funds available to the consumer.

Every intelligent consumer would try to maximize his delight by making the best use of the money at his disposal. As per law of Equi-marginal utility, a consumer consumes two goods until marginal utility to price ratio of both goods Is same.

MUa/ Pa = MUb/Pb

20/10 = 4/2 = 2

The consumer is maximizing his utility at this consumption level. He should continue to consume same song of good a and b.

The correct answer are both a and b.

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the best approach to budgeting is objective and task budgeting, whereby the company determines its promotion objectives, outlines the tasks to accomplish these objectives, and multiple choice asks the ad agency for an estimate. surveys customers to determine what spending levels they think are appropriate. asks the media to propose a program. determines what spending level top management will allow for the proposed program. determines the promotion cost of performing these tasks.

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The objective task method, which is also known as the "objective and task" method, is a system in which a business decides how much money to put into its marketing budget based on specific goals rather than just on sales revenues or projections.

What is the goal and the task?

The actions you need to take to reach your goal are called tasks. Examples of tasks include: Objective: what you would like to do. Goal: how much and when you intend to do it.

What is advertising's purpose?

The development of a company's brand and the establishment of a relationship between the company and its customers through that brand are the goals of advertising in order to initiate and maintain sales to those customers.

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As a sales technique, networking

A. can happen in person or online through professional sites such as LinkedIn™

B. collects personal customer information after a customer has purchased a product or service

C. eliminates the need for prospecting and instead relies on word-of-mouth recommendations

D. enables multiple companies to work together to establish relationships with customers

Answers

As a sales technique, networking can happen in person or online through professional sites like LinkedIn™. Option A is correct.

What is networking?

It corresponds to the process of meeting people in the professional environment to form a network of contacts, which occurs naturally and spontaneously, being a positive strategy for integration into the labor market.

Therefore, networking is essential for an individual seeking an opportunity in the job market, as establishing positive relationships with other professionals helps in gaining knowledge, information, etc.

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Lululemon Athletic, Inc. is a manufacturer of athletic apparel. Among its most popular products are fitness pants made from a proprietary material known as luon, an amalgamation of 86% nylon and 14% Lycra. The black luon pants were recalled in March 2013 after customers complained that they were transparent. The recall amounted to 17% of the company's sales. After the recall, customers reported additional problems, including pilling, flawed seams, and continuing sheerness. The Louisiana Sheriff's Pension & Relief Fund purchased common shares of Lululemon during the time Lululemon made representations that its apparel quality level was the "highest in the industry," that it was the "leader in technical fabrics and quality construction," and that "quality" was the company's "key differentiating factor" from its peers. After the recall, Lululemon's sales and the market price of its shares plummeted. The pension fund sued Lululemon under Securities Exchange Act Section 10(b) and Rule 10b-5, claiming that Lululemon statements were irreconcilable with Lululemon's actual, and undisclosed, quality control practices. Please research the actual case, and post your answers to the following questions: Was the pension fund's claim successful? Include in your answer the reasoning the court used to make its decision. Do you agree with the decision of the court? Why or why not?

Answers

No, Claim of Pension fund was not successful

What is Pension fund?

In general terms, pension refers a pension plan might pay 1% for each year of the person's service times their average salary for the final five years of employment.

Here we need do research the actual case, and also find if the pension fund's claim successful.

Here we know that Lululemon Athletic, Inc. is a manufacturer of athletic apparel. Among its most popular products are fitness pants made from a proprietary material known as Luon, an amalgamation of 86% nylon and 14% Lycra.

And it also given that, the Louisiana Sheriff's Pension & Relief Fund purchased common shares of Lululemon during the time Lululemon made representations that its apparel quality level was the "highest in the industry," that it was the "leader in technical fabrics and quality construction," and that "quality" was the company's "key differentiating factor" from its peers.

And in the court point of view, The pension fund sued Lululemon under Securities Exchange Act Section 10(b) and Rule 10b-5, claiming that Lululemon statements were irreconcilable with Lululemon's actual, and undisclosed, quality control practices.

Based on these details , we have clearly, know that the the claim was unsuccessful.

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Identify which option in each of the following groups is punctuated correctly, During my first three months of work, I attended three conferences, they were all required events for my training, During my first three months of work, I attended three conferences; they were all required events for my training During my first three months of work, I attended three conferences they were all required events for my training Working for a larger company has its advantages; consequently, I have decided to stay here another year. Working for a larger company has its advantages consequently, I have decided to stay here another year. Working for a larger company has its advantages; consequently I have decided to stay here another year. Dear Madame President: Dear Madame President O Dear Madame President; We conduct business with several East Coast companies: WorcesterTech, SouthBean, and Hopkinton Teach o We conduct business with several East Coast companies: Worcester Tech, SouthBean, and Hopkinton Teach We conduct business with several East Coast companies, WorcesterTech, South Bean, and Hopkinton Teach

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The correct punctuation in the sentences from the given paragraphs are Sentence B from the first, Sentence A from the second, Sentence B from the third and Sentence B from the last.

During my first three months of work, I attended three conferences; they were all required events for my training. Working for a larger company has its advantages; consequently, I have decided to stay here another year. Dear Madame President, We conduct business with several East Coast companies; WorcesterTech, SouthBean, and Hopkinton Teach.

Punctuation, also known as interpunction, is the use of white space, traditional signs (also known as punctuation marks), and specific typographical methods to help readers understand and interpret written material correctly, whether they are reading it silently or loudly.

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please help: Read this case, then answer these questions:


A. Who would you lay off? (Identify by name)


B. Why? Explain your decision in at least one paragraph of 5 sentences. Be sure to identify the criteria you used as the basis for your decision.


C. Are there any potential legal implications of this decision? (One paragraph, 5 sentences; identify specific potential issues and explain why they may be an issue.)


D. Provide 4 guidelines you would follow during the discharge meeting. Why are they important? (One or two sentences for each guideline.)

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Based on the information provided in the case, Mike Martinez should lay off Craig Cottrell. Although Cottrell is the top performer in the unit, he has the least seniority and the lowest salary compared to the other three employees. Additionally, his work performance has only been high in the past year, while the other employees have consistently performed well or have shown potential for growth. Laying off Cottrell would be the most fair and logical decision based on the information provided.

The mayor of Workerville proposes a local payroll tax to fund a new water park for the city. The mayor proposes to collect half the tax from workers and half the tax from firms. The mayor will be able to successfully divide the burden of the tax equally if the
demand for labor and supply of labor are equally elastic.

Answers

The mayor of Workerville proposes a local payroll tax to fund a new water park for the city. The mayor proposes to collect half the tax from workers and half the tax from firms. The mayor will be able to successfully divide the burden of the tax equally if the demand for labor and supply of labor are equally elastic. It is true statement because, if the demand for and supply of labor are both elastic, the mayor will be able to split the tax burden fairly.

If the labor demand curve is elastic, a small decrease in remuneration will be sufficient to provide the additional labor needed to absorb the increased inventory. With a slight wage adjustment, the harmony will be restored in any scenario.

The flexibility of job demands and the availability of work is a major determinant of how much welfare reform will affect wages and labor. By dividing different elasticity's, it is possible to determine the impact of the flexibility of job request and work supply on the rate change in wages and company.

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au-c 915, reports on application of requirements of an applicable financial reporting framework, provides guidance to a reporting accountant who

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Regardless of the approach, the auditor's processes should include choosing the general ledger diary entries that will be put to the test and looking at the documentation supporting those entries.

What are the different types of accountants?

These four fields of accounting include corporate, municipal, governmental, and forensic accounting. A bachelor's degree is normally required for any accounting position, while previous master's work, especially in the accounting field, is frequently strongly desired. Some specifics of each common accounting component are covered here.

Do accountants receive good pay?

In conclusion, the average compensation for a profession in accounting ranges from $70,000 to $130,000 annually, with a 6% projected increase in employment by 2030. Depending on school, certifications, business location, and most importantly years of experience, the annual salary for an accounting career can range between $40,000 to $120,000.

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suppose the equilibrium real federal funds rate is 2 percent, the target rate of inflation is 2 percent, the current inflation rate is 4 percent, and real gdp is 2 percent above potential real gdp. if the weights for the inflation gap and the output gap are both 1/2, then according to the taylor rule the federal funds target rate equals

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if the weights for the inflation gap and the output gap are both 1/2, then according to the Taylor rule the federal funds' target rate equals to 8 percent.

The Taylor Rule( occasionally appertained to as Taylor's rule or Taylor principle) is an equation linking the Federal Reserve's standard interest rate to situations of affectation and profitable growth. Stanford economist John Taylor first proposed the rule as a rough guideline for financial policy but has latterly prompted a fixed-rule policy grounded on the equation, a cause espoused by Republicans seeking to limit the Federal Reserve's policy discretion.

The Taylor Rule's formula ties the Fed's crucial interest rate policy instrument, the civil finances rate, to two factors the difference between the factual and targeted affectation rates and that between the asked and apparent growth in the real Gross Domestic Product( GDP). Because policymakers aim for maximum sustainable growth at the frugality's productive eventuality, the difference between the factual and asked real GDP growth rates can also be described as an affair gap.

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Tums antacid stresses the fact that it is a calcium supplement in its advertisements. It also stresses the health benefits of calcium. Most people already know Tums contains calcium. The new promotion is trying to change the attitude toward Tums by: changing the perceived importance of the attribute. adding a new attribute to the product. changing the basic product. adding a new attribute and re-positioning the product. lowering the price.

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The fact that Tums contain calcium is generally known. The new advertising aims to alter people's perceptions of Tums by: modifying the attribute's perceived importance

Advertising refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular.

Advertising's ability to enlighten customers about the products that are available is beyond question. Effective advertising is crucial to a company's existence in a free-market economy because without consumer awareness of a company's goods, they are unlikely to be purchased.

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Simpson Company applies overhead on the basis of 200% of direct labor cost. Job No. 305 is charged with $120,000 of direct materials costs and $200,000 of manufacturing overhead. The total manufacturing costs for Job No. 305 is $210,000 $270,000 $300,000

Answers

The Simpson Company bases its overhead calculations on a 200% direct labor cost ratio. $120,000 in direct materials expenses and $200,000 in manufacturing overhead are billed for Job No. 305.

What does job number 305's total manufacturing cost equal?

For Job No. 305, the total manufacturing expenses were $120,000 + ($200,000 / 2) + $200,000 = $420,000.

What do you mean by the overall cost of production?

Total manufacturing expenses reveal how much money your business spent making its goods during a specific time period. This comprises a full breakdown of the price of overhead, the cost of the materials utilized, the cost of the labor, and any additional manufacturing costs that went into producing the product.

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Which of the following products would benefit most from a continuous type of advertising schedule?
a. Coppertone sunscreen
b. Bud Lite beer
c. Purdue turkeys
d. K2 snowboards

Answers

Bud Lite beer is a product which would benefit most from a continuous type of advertising schedule

The practice of limiting your advertising  to run just on particular days of the week and hours of the day is known as ad scheduling. By doing this, you can make sure that your ads only run on days and at times when you know they'll yield the best results.

Scheduling is the formal term for the patterns of time that the advertisement will air. It helps in setting up the time slots in line with the requirements of the advertiser so that the intended audience will receive the message in the proper way at the proper times.

Continuity: This approach works well for products or services whose promotion doesn't depend on the season. likewise flighting Bursting is another term for this kind. without a doubt a seasonal product model. Here, the intervals between adverts are completely unpredictable.

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yasmin works as a trained salesperson at a local furniture and appliance store. which of the following is likely true about her role as a customer salesperson?

Answers

Knowledgeable salespeople enable retailers to assist their customers in selecting the products or services that are best for them.

Salesperson

A salesman is someone whose primary job it is to sell a product or service. They are individuals who are primarily involved in personal selling operations on behalf of the firm in order to develop business contacts that will conclude in the salesperson supplying the product or service to the clients. Customers and salespeople often perceive each other as outgroup members, with whom they engage for the purpose of negotiating a transaction. He then developed his advance order sales strategy by using illustrated catalogues and traveling salespeople.

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suppose stock prices rise. to offset the resulting change in output the federal reserve could group of answer choices increase the money supply. this increase would also move the price level closer to its value before the rise in stock prices. decrease the money supply. this decrease would also move the price level closer to its value before the rise in stock prices. increase the money supply. however, this increase would move the price level farther from its value before the rise in stock prices. decrease the money supply. however, this decrease would move the price level farther from its value before the rise in stock prices.

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A money market is a short-term investment account that pays interest on a daily basis. A money market account is used by people as a short-term savings account. Money market accounts can be taxable of tax-free.

The total value of all shares of a company is called market value, also known as market value. It is calculated by dividing the share price by the total number of shares  currently outstanding. For example, a company with 20 million shares trading at $50  would have a market capitalization of $1 billion. The ratio of common stockholders' equity  divided by the total number of  shares outstanding is called book value per share (BVPS). This number calculates the company's book value per share and is a minimum measure of its equity.

The amount shareholders would receive if the company were liquidated, all tangible assets sold, and all liabilities settled is known as book value per share (BVPS). However, its usefulness comes from the fact that investors use it to judge the undervaluation of a stock's price  by comparing it to the company's market value per share.

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Expected cash collection pattern is 50% in the month of sale, 30% in the following and 15% in the second following month. Five percent of the credit sales December collections will be: month, are uncollectible Sales Budget Month October November December January Credit Sales $80,000 $100,000 $120,000 $70,000 a. $70,000 b. $102,000 c. $108,000 d. $100,000 Expected cash collection pattern is 50% in the month of sale, 30% in the following month. and 15% in the second following month. Five percent of the credit sales are uncollectible. November collections were $92,000. September sales were: Sales Budget Month October November December January Credit Sales $80,000 $100,000 $120,000 $70,000 a. $90,000 b. $120,000 c. $100,000 d. $100,000

Answers

Cash collections for December should be $103,500

Explanation:              

As a percentage of any sales is usually made on account which is 75%. The cash collection shall be received in categories as follows:                      

Cash collection on account          

$Month of sale 50% × 75�cember Sales

= 50% × (100-25)% × 120,000  =       45,000

One month after  sales

30% × 75% ×  November  sales

30% × 75% × 180,000 =                  40,500

2 months after sales

15% × 75% × October sales

15% × 75% × 160,000 =                    18,000

                                                    103,500

Cash collections for December should be $103,500.

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An entity engaged an accountant to review its financial statements in accordance with Statements on Standards for Accounting and Review Services. The accountant determined that the entity maintained its accounts on a comprehensive basis of accounting other than generally accepted accounting principles (GAAP). In this situation, the accountant most likely would have taken which of the following actions?
A. Withdrawn from the engagement because the entity has not been following GAAP.
B. Advised management to make the adjustments necessary for the account balances to conform with GAAP.
C. Modified the review report to reflect the fact that the financial statements were presented on another comprehensive basis of accounting.
D. Requested that management justify the use of the other comprehensive basis of accounting in the management representation letter.

Answers

In this situation, the accountant most likely would have taken the action to modify the review report to reflect the fact that the financial statements were presented on another comprehensive basis of accounting.

Financial statements (or financial reports) are kinda records of the financial activities associated with the degree position of a business, person, or different entity. Relevant financial data is bestowed in an exceedingly structured manner and in a form that is simple to understand. for big corporations, these statements could also be complicated and will embody an intensive set of footnotes to the financial statements and management discussion and analysis.

The notes usually describe every item on the balance sheet, operating statement, and income statement in additional detail. "The objective of economic statements is to supply information about the financial position, performance associate degree changes in the monetary position of an enterprise that's helpful to a large variety of users in creating economic decisions."

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suppose you buy ada co. bonds today with a par value of $1000 and a current market value of $768.00, having 10% yield to maturity. the bonds mature in 5 years and interest is paid annually. one year from now, when the yield to maturity is 12%, you sell the bond. answer the following question based on the above information. the selling price for the bond, one year from now, is:

Answers

The selling price for the bond, one year from now, is $753.36.

The present value of the future contractual cash payments that the bond owner will receive is the selling price (or market value) of the bond.

STEP 1: Calculation of coupon payment/coupon rate of the bond

It is given that-

Face value = 1000, Current price = 768,Yield to maturity = 12%,Time to maturity = 5 years

So, Coupon payment made annually = Using excel PMT function

Syntax: PMT = (Yield, time, present value, face value, 0)

PMT(0.10,5,-768,1000,0) = 38.80

So, Coupon payment annually = 38.80

STEP 2: Calculation of bond selling price in 1 years time

Time to maturity left = 4 years

Yield = 12%

Coupon payment = 38.80

Face value =1000

So, Bond selling price = Using excel PV function

PV(Yield, time, coupon, face value, 0)

PV(0.12, 4, 38.80,1000,0) = 753.36

So, One year from today, the bond will be sold for $753.36.

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