Business, 16.03.2020 17:59 dedgefield
The following selected accounts were taken from the financial records of Los Olivos Distributors at December 31, 2019. All accounts have normal balances. Cash $ 31,875 Accounts receivable 47,200 Note receivable, due 2020 9,000 Merchandise inventory 35,200 Prepaid insurance 2,300 Supplies 1,360 Equipment 43,000 Accumulated depreciation, equipment 23,000 Note payable to bank, due 2020 30,000 Accounts payable 17,600 Interest payable 300 Sales 527,500 Sales discounts 2,700 Cost of goods sold 344,840 Accounts Receivable at December 31, 2018, was $53,800. Merchandise inventory at December 31, 2018, was $58,000. Based on the account balances above, calculate the following: The gross profit percentage. Working capital. The current ratio. The inventory turnover. The accounts receivable turnover. All sales were on credit.
Answers: 2
Business, 22.06.2019 00:10
What are the forecasted levels of the line of credit and special dividends? (hints: create a column showing the ratios for the current year; then create a new column showing the ratios used in the forecast. also, create a preliminary forecast that doesn’t include any new line of credit or special dividends. identify the financing deficit or surplus in this preliminary forecast and then add a new column that shows the final forecast that includes any new line of credit or special dividend.) now assume that the growth in sales is only 3%. what are the forecasted levels of the line of credit and special dividends?
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Business, 22.06.2019 11:00
When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement
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Business, 22.06.2019 15:00
Beagle autos is known for its affordable and reliable brand of consumer vehicles. because its shareholders expect to see an improved rate of growth in the coming years, beagle's executives have decided to diversify the company's range of products so that at least 40 percent of the firm's revenue is generated by new business units. however, the company's resources, capabilities, and competencies are limited to producing other forms of motorized vehicles, such as motorcycles and all-terrain vehicles (atvs). which type of corporate diversification strategy should beagle pursue?
Answers: 1
Business, 22.06.2019 18:10
Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?
Answers: 1
The following selected accounts were taken from the financial records of Los Olivos Distributors at...
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