subject
Business, 11.12.2019 17:31 kwilly60

The following selected accounts were taken from the financial records of los olivos distributors at december 31, 2019. all accounts have normal balances. cash $ 33,340 accounts receivable 47,700 note receivable, due 2020 9,500 merchandise inventory 35,700 prepaid insurance 2,350 supplies 1,410 equipment 43,500 accumulated depreciation, equipment 23,500 note payable to bank, due 2020 35,000 accounts payable 13,050 interest payable 350 sales 535,000 sales discounts 3,200 cost of goods sold 348,540 accounts receivable at december 31, 2018, was $52,550. merchandise inventory at december 31, 2018, was $58,500. based on the account balances above, calculate the following:
a. the gross profit percentage.
b. working capital.
c. the current ratio.
d. the inventory turnover.
e. the accounts receivable turnover. all sales were on credit.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:30
You invest all the money you earned during your summer sales job (a total of $45,000) into the stock of a company that produces fat and carb-free cheetos. the company stock is expected to earn a 14% annual return; however, 5 years later it is only worth $20,000. turns out there wasn't as much demand for fat and carb-free cheetos as you had hoped. what is the annual rate of return on your investment?
Answers: 1
question
Business, 22.06.2019 03:00
Afirm's before-tax cost of debt, rd, is the interest rate that the firm must pay on debt. because interest is tax deductible, the relevant cost of debt used to calculate a firm's wacc is the cost of debt, rd (1 รขโ‚ฌโ€œ t). the cost of debt is used in calculating the wacc because we are interested in maximizing the value of the firm's stock, and the stock price depends on cash flows. it is important to emphasize that the cost of debt is the interest rate on debt, not debt because our primary concern with the cost of capital is its use in capital budgeting decisions. the rate at which the firm has borrowed in the past is because we need to know the cost of capital. for these reasons, the on outstanding debt (which reflects current market conditions) is a better measure of the cost of debt than the . the on the company's -term debt is generally used to calculate the cost of debt because more often than not, the capital is being raised to fund -term projects. quantitative problem: 5 years ago, barton industries issued 25-year noncallable, semiannual bonds with a $1,600 face value and a 8% coupon, semiannual payment ($64 payment every 6 months). the bonds currently sell for $845.87. if the firm's marginal tax rate is 40%, what is the firm's after-tax cost of debt? round your answer to 2 decimal places. do not round intermediate calcu
Answers: 3
question
Business, 22.06.2019 05:00
Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.
Answers: 3
question
Business, 22.06.2019 07:50
In december of 2004, the company you own entered into a 20-year contract with a grain supplier for daily deliveries of grain to its hot dog bun manufacturing facility. the contract called for "10,000 pounds of grain" to be delivered to the facility at the price of $100,000 per day. until february 2017, the supplier provided processed grain which could easily be used in your manufacturing process. however, no longer wanting to absorb the cost of having the grain processed, the supplier began delivering whole grain. the supplier is arguing that the contract does not specify the type of grain that would be supplied and that it has not breached the contract. your company is arguing that the supplier has an onsite processing plant and processed grain was implicit to the terms of the contract. over the remaining term of the contract, reshipping and having the grain processed would cost your company approximately $10,000,000, opposed to a cost of around $1,000,000 to the supplier. after speaking with in-house counsel, it was estimated that litigation would cost the company several million dollars and last for years. weighing the costs of litigation, along with possible ambiguity in the contract, what are three options you could take to resolve the dispute? which would be the best option for your business and why?
Answers: 2
You know the right answer?
The following selected accounts were taken from the financial records of los olivos distributors at...
Questions
question
Physics, 22.03.2021 22:30
question
Mathematics, 22.03.2021 22:30
Questions on the website: 13722359