Business, 07.03.2020 05:43 firefightergros7271
Company X failed to record (accrue) $5,000,000 of vendor invoices and warranty liability at year-end. With this omission, the company's summary financial statements were stated as follows:Summarized Income StatementSales $50,000,000All Cost (incl. Interest & Taxes) $40,000,000Net Income $10,000,000Summarized Balance SheetThis Year Last YearAssets:All Current Assets combined $50,000,000 $40,000,000All Long-Term Assets combined $50,000,000 $40,000,000Total Assets : $100,000,000 $80,000,000This Year Last YearLiablities & Stoickholders EquityAll Current Liabilties combined $30,000,000 $25,000,000All Long-Term Liabilities combined $25,000,000 $20,000,000Stockholders Equity $45,000,000 $35,000,000Total Liabilties & Equity $100,000,000 $80,000,0001) What is the impact of this omission on the company's current ratio?2) What is the impact of this omission on the company's ROI?3) What is the impact of this omission on the company's ROE?
Answers: 2
Business, 22.06.2019 09:50
Is exploiting a distinctive competence or improving efficiency for competitive advantage. (a) cooptation (b) coalition (c) competitive intelligence (d) competitive aggression (e) smoothing
Answers: 1
Business, 22.06.2019 13:30
Over the past year, three of the star salesmen at family resorts international's corporate office have been lured away to competitors. on top of that, karina, the general manager of the sales department, has noticed that most employees come in, do their jobs, and leave. family resorts offers a good salary, benefits, and tuition reimbursement, as well as a number of development and training programs. most employees seem contented enough, but karina would like to do something to increase the level of engagement among her staff. what do you think karina should do?
Answers: 1
Business, 23.06.2019 02:10
Which of the following describes a situation in which there would be decreasing marginal utility? a. buying only necessities. b. buying a car to substitute for riding the bus. c. buying food in bulk to save money in the long run. d. buying a second winter coat.
Answers: 2
Company X failed to record (accrue) $5,000,000 of vendor invoices and warranty liability at year-end...
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