Business, 21.01.2020 04:31 mirmir62

Rotorua products, ltd., of new zealand markets agricultural products for the burgeoning asian consumer market. the company’s current assets, current liabilities, and sales over the last five years (year 5 is the most recent year) are as follows:

year 1 year 2 year 3 year 4 year 5
sales $ 4,539,770 $ 4,898,400 $ 5,083,390 $ 5,492,990 $ 5,796,610
cash $ 80,701 $ 106,917 $ 90,847 $ 72,725 $ 76,958
accounts receivable, net 418,624 430,931 448,168 501,061 572,699
inventory 800,711 867,178 834,459 880,216 909,440
total current assets $ 1,300,036 $ 1,405,026 $ 1,373,474 $ 1,454,002 $ 1,559,097
current liabilities $ 316,539 $ 343,508 $ 328,340 $ 333,975 $ 405,136

required:

1. express all of the asset, liability, and sales data in trend percentages. use year 1 as the base year. (round your percentage answers to 1 decimal place (i. e., 0.1234 should be entered as 12.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 07:10

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

Answers: 2

Answer

Business, 22.06.2019 13:10

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock

Answers: 1

Answer

Business, 22.06.2019 19:10

Below are the steps in the measurement process of external transactions. arrange them from first (1) to last (6). event step post transactions to the general ledger. assess whether the transaction results in a debit or credit to account balances. use source documents to identify accounts affected by an external transaction. analyze the impact of the transaction on the accounting equation. prepare a trial balance. record the transaction in a journal using debits and credits.

Answers: 3

Answer

Business, 22.06.2019 23:30

Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)

Answers: 1

Answer

You know the right answer?

Rotorua products, ltd., of new zealand markets agricultural products for the burgeoning asian consum...

Questions