Mathis and hashey are two of the largest and most successful toy makers in the world, in terms of the products they sell and their receivables management practices. to evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions).mathishashey fiscal year ended: 2012 2011 2010 2012 2011 2010 net sales $6,956 $6,531 $6,918 $5,202 $5,168 $5,022 accounts receivable 1,218 824 950 1,042 1,122 694 allowance for doubtful accounts 27 30 31 36 38 37 accounts receivable, net of allowance 1,191 794 919 1,006 1,084 657 calculate the receivables turnover ratios and days to collect for mathis and hashey for 2012 and 2011. tip: in your calculations, use average accounts receivable, net of allowance.

On july 1, 2016, killearn company acquired 103,000 of the outstanding shares of shaun company for $21 per share. this acquisition gave killearn a 40 percent ownership of shaun and allowed killearn to significantly influence the investee's decisions. as of july 1, 2016, the investee had assets with a book value of $6 million and liabilities of $1,468,500. at the time, shaun held equipment appraised at $140,000 above book value; it was considered to have a seven-year remaining life with no salvage value. shaun also held a copyright with a five-year remaining life on its books that was undervalued by $562,500. any remaining excess cost was attributable to goodwill. depreciation and amortization are computed using the straight-line method. killearn applies the equity method for its investment in shaun. shaun's policy is to declare and pay a $1 per share cash dividend every april 1 and october 1. shaun's income, earned evenly throughout each year, was $580,000 in 2016, $606,600 in 2017, and $649,200 in 2018. in addition, killearn sold inventory costing $93,000 to shaun for $155,000 during 2017. shaun resold $97,500 of this inventory during 2017 and the remaining $57,500 during 2018.a. determine the equity income to be recognized by killearn during each of these years. 2016 2017 2018b. compute killearn’s investment in shaun company’s balance as of december 31, 2018.

Why has the free enterprise system been modified to include some government intervention?

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?