Cullumber company has these comparative balance sheet data: cullumber company balance sheets december 31 2017 2016 cash $ 16,350 $ 32,700 accounts receivable (net) 76,300 65,400 inventory 65,400 54,500 plant assets (net) 218,000 196,200 $376,050 $348,800 accounts payable $ 54,500 $ 65,400 mortgage payable (15%) 109,000 109,000 common stock, $10 par 152,600 130,800 retained earnings 59,950 43,600 $376,050 $348,800 additional information for 2017: 1. net income was $34,000. 2. sales on account were $383,300. sales returns and allowances amounted to $26,600. 3. cost of goods sold was $200,600. 4. net cash provided by operating activities was $59,000. 5. capital expenditures were $26,400, and cash dividends were $16,500. compute the following ratios at december 31, 2017. (round current ratio and inventory turnover to 2 decimal places, e. g. 1.83 and all other answers to 1 decimal place, e. g. 1.8. use 365 days for calculation.) (a) current ratio. : 1 (b) accounts receivable turnover. times (c) average collection period. days (d) inventory turnover. times (e) days in inventory. days (f) free cash flow. $ click if you would like to show work for this question: open show work

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

Mr. smith recently faced a choice between being (a) an economics profes-sor, which pays $60,000/yr, or (b) a safari leader, which pays $50,000/yr. after careful deliberation, smith took the safari job, but it was a close call. "for a dollar more," he said, "i'd have gone the other way."now smith's brother-in-law approaches him with a business proposition. the terms are as follows: - smith must resign his safari job to work full-time in his brother-in-law's business.- smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when smith leaves the business. (smith currently has much more than $100,000 in the the business will pay smith a salary of $70,000/yr. he will receive no other payment from the business.the interest rate is 10 percent per year. apart from salary considerations, smith feels that working in the business would be just as enjoyable as being an economics professor. for simplicity, assume there is no uncertainty regarding either smith's salary in the proposed business or the security of his monetary investment in it. should smith join his brother-in-law and, if so, how small would smith's salary from the business have to be to make it not worthwhile for him to join? if not, how large would smith's salary from the business have to be to make it worthwhile for him to join?

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false