Business, 27.05.2021 23:20 ineedhelp2285
Simon Company's year-end balance sheets follow. At December 31Current Yr1 Yr Ago2 Yrs Ago Assets Cash $36,481 $42,217 $43,976 Accounts receivable, net 102,562 72,387 59,807 Merchandise inventory 132,940 100,585 62,446 Prepaid expenses 11,983 11,194 5,033 Plant assets, net 334,360 306,657 272,938 Total assets $618,326 $533,040 $444,200 Liabilities and Equity Accounts payable $157,042 $88,282 $59,807 Long-term notes payable secured by mortgages on plant assets 113,920 123,825 101,113 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 183,864 157,433 119,780 Total liabilities and equity $618,326 $533,040 $444,200 1. Express the balance sheets in common-size percents. (Do not round intermediate calculations and round your final percentage answers to 1 decimal place.) 2. Assuming annual sales have not changed in the last three years, is the change in accounts receivable as a percentage of total assets favorable or unfavorable
Answers: 1
Business, 22.06.2019 04:10
An outside manufacturer has offered to produce 60,000 daks and ship them directly to andretti's customers. if andretti company accepts this offer, the facilities that it uses to produce daks would be idle; however, fixed manufacturing overhead costs would be reduced by 75%. because the outside manufacturer would pay for all shipping costs, the variable selling expenses would be only two-thirds of their present amount. what is andretti's avoidable cost per unit that it should compare to the price quoted by the outside manufacturer?
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Business, 22.06.2019 14:20
Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest
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Business, 22.06.2019 17:30
Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve
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Simon Company's year-end balance sheets follow. At December 31Current Yr1 Yr Ago2 Yrs Ago Assets Cas...
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