Answer:
True
Explanation:
Presented below is information related to Windsor Inc. WINDSOR INC. BALANCE SHEET DECEMBER 31, 2020 Cash $45,100 Notes payable (short-term) $50,300 Receivables $111,000 Accounts payable 31,700 Less: Allowance 14,800 96,200 Accrued liabilities 5,100 Inventory 169,300 Common stock (par $5) 259,100 Prepaid insurance 8,100 Retained earnings 142,900 Land 19,900 Equipment (net) 150,500 $489,100 $489,100 WINDSOR INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $1,401,400 Cost of goods sold Inventory, Jan. 1, 2020 $201,900 Purchases 797,500 Cost of goods available for sale 999,400 Inventory, Dec. 31, 2020 (169,300 ) Cost of goods sold 830,100 Gross profit on sales 571,300 Operating expenses 171,100 Net income $400,200 Compute the following ratios or relationships of Windsor Inc. Assume that the ending account balances are representative unless the information provided indicates differently. (Round answers to 2 decimal places, e.g. 1.59 or 45.87%.)
Answer:
A. Current Ratio 3.66 times
B. Inventory turnover 4.47 times
C. Accounts receivable turnover 14.57 times
D. Earnings per share $7.72
E.Profit margin ratio 28.56%
F.Return on assets 81.82%
Explanation:
A. Computation for Current Ratio
Using this formula
Current Ratio=Total Current Assets/Total Current Liabilities
Where,
Total Current Assets
Cash $45,100
Receivables $96,200
Inventory $169,300
Prepaid Insurance $8,100
Total Current Assets $318,700
Total Current Liabilities
Notes payable (short-term) $50,300
Accounts Payable $31,700
Accrued liabilities $5,100
Total Current Liabilities $87,100
Let plug in the formula
Current Ratio=$318,700/$87,100
Current Ratio=3.66 times
Therefore Current Ratio is 3.66 times
B.Calculation to determine Inventory turnover
Using this formula
Inventory turnover=Cost of Goods Sold/Average Inventory
Where,
Cost of Goods Sold $830,100
Average Inventory =[($201,900 + $169,300)/2] Average Inventory= $185,600
Let plug in the formula
Inventory turnover=$830,100/$185,600
Inventory turnover = 4.47 times
Therefore Inventory turnover is 4.47 times
C. Calculation to determine the Accounts receivable turnover
Using this formula
Accounts receivable turnover=Net credit sales .
/Ending Receivables
Let plug in the formula
Accounts receivable turnover=$1,401,400/$96,200
Accounts receivable turnover = 14.57 times
Therefore Accounts receivable turnover =is 14.57 times
D. Calculation to determine Earnings per share:
Using this formula
Earnings per share=Earnings available to the common shareholders/Weighted average number of common shares
Where,
Earnings available to the common shareholders =
Net Income $400,200
Less: Preferred dividends $0
$400,200
Weighted average number of common shares = ($259,100/$5) 51,820
Let plug in the formula
Earnings per share =$400,200/51,820
Earnings per share = $7.72
Therefore Earnings per share is $7.72
E. Calculation to determine Profit margin ratio:
Net Income (a) $400,200
Net credit sales (b) $1,401,400
Profit margin ratio (a/b*100) 28.56%
Therefore Profit margin ratio is 28.56%
F. Calculation to determine Return on assets on December 31, 2020:
Net Income (a) $400,200
Total assets (b) $489,100
Return on assets (a/b*100) 81.82%
Therefore Return on assets is 81.82%
What factors should a person consider when accepting a job?
1. location
2. pay
3. contents of job
4. working conditions
Why should you include management and staffing issues in your business plan?
Qik Fix-It offers Cody a job as a plumber. No time for acceptance is specified in offer. The offer will terminate: Group of answer choices A. This common law offer will expire after a reasonable period of time. B. This UCC offer will expire after a reasonable period of time. C. After atypical work week (five business days) for this common law offer D. This common law offer will expire after a usual month (thirty calendar days). E. Never
Answer:
A. This common law offer will expire after a reasonable period of time.
Explanation:
Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned
Therefore the correct option is a.
Help a business kid out:
In general, it is wise for a business to:
a. none of these answers are correct
b. strive to create negative relationships with all stakeholders to discourage competitors
c. only focus on customers, since customers provide on the revenue for the business
d. strive to create positive relationships will all stakeholders
It is wise for a business to d. strive to create positive relationships with all stakeholders.
The stakeholders include customers, suppliers, stockholders, employees, managers, governments, potential stockholders, the media, the community, and other interested parties.
A business should never create negative relationships with the above stakeholders. While it must focus more on customers to exceed their satisfaction, they are not the only stakeholders that require satisfaction.
Thus, a wise business creates positive relationships with all its stakeholders as part of its corporate social responsibilities.
Learn more about the stakeholders of a business here: https://brainly.com/question/8003335 and https://brainly.com/question/25847981
how could APS score affect learners applications for a bachelor's digree at any Higher Education Institution
Answer:
fggcewy hddbsuwdh uhshwybwsuhdbdhhdnubddhfejj
Explanation:
hhhhjjhftyhytt
In Ohio, what is the typical salary for a cost estimator who is in the top 10%?
Answer:
The typical salary for a cost estimator who is in the top 10% is $117,272
Explanation:
The salary of cost estimator in Ohio ranges between $54418 to $117,272.
$117,272 lies in the top 10% while the bottom 10% get $54418
On an average, the salary of cost estimator falls between $66,800 and $99,700
Check the ONE factor that is NOT used to determine the best channel to send a message. *
Importance of the message
Amount and speed of feedback
Necessity of a permanent record
Cost of the channel
Degree of formality desired
Confidentiality and sensitivity of the message
Concern of your audiences response
Receiver's preference and level of technical expertise
Answer:
Concern of your audiences response.
Explanation:
Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.
The Sender Message Channel Receiver (SMCR) model of communication was developed and created by David Berlo in 1960. SCMR was developed from the Shannon-Weaver model of communication of 1949.
The SCMR model of communication comprises of four (4) main components and these are;
1. Sender (S) : this is typically the source of information (message) or the originator of a message that is being sent to a receiver. Thus, they are simply the producer of a message.
2. Channel (C) : this is the medium used by the sender for the dissemination or transmission of the message to the recipient. For example, telephone, television, radio, newspapers, billboards etc.
3. Message (M) : this is the information or data that is being sent to a recipient by a sender. It could be in the form of a video, audio, text message etc.
4. Receiver (R) : this is typically the destination of information (message) or the recipient of a message that is being sent from a sender. Thus, the receiver is any individual who is able to read, hear or see and process the message being sent or communicated in the communication process.
The factors used to determine the best channel to send a message includes the following;
I. The importance of a message
II. The amount and speed of feedback from the receiver (recipient).
III. The need for a permanent record of the message.
IV. Cost of the channel.
V. The degree of formality desired by the sender of the message.
VI. Confidentiality and sensitivity of the message being sent.
VII. The preference and level of technical expertise of the receiver (recipient).
Leila has a table in a spreadsheet she wants to format. Which options will allow her to format the table without changing its content?
Answer:
All of them, except "Find and replace, Text."
Explanation:
Right now, there are people all over the world who are just like you. They're either lonely, they're missing somebody, they're depressed, they're hurt, they're scarred from the past, they're having personal issues no one knows about, they have secrets you wouldn't believe. They wish, they dream and they hope. And right now, they are sitting here reading these words, and I'm writing this for you so you dont feel alone anymore. Always remember, don't be depressed about the past, don't worry about the future, and just focus on today. If today's not so great don't worry! Tomorrow's a new chance. If you are reading this, be sure to share this around to make others feel better And God Loves you no matter who dosent . Have a nice day! :)
Answer:
why are you telling us this bro
Explanation:
Answer:NO ONE CARES
Explanation:
write a sample complaint for a customer gaining a food born illness from a restaurant
Answer:
mk
Explanation:
which goal is an example of a measurable goal? wyd
suggest one strategy businesses can use to deal with each of the following socio economic issues : illiteracy , dumping and inefficiency in the use of resources
Answer:
Workshop and seminars
Reward for innovation
Explanation:
To deal with the issue of illiteracy in the society, all that needs to be done is to educate the masses and ensure the need to know and learn is both important and enticing. Hence, business could come in with educational setups which could be free or highly discounted and at the same time rewarding. This way knowlwege could be acquired and afforded by the low earners and at the same time reap huge rewards for their efforts.
Dumping and inefficient use of resources can define rely be curtailed by recycling, the reuse of waste and used products. Recycling process usually takes careful study to ascertain that various waste materials could actually form important raw materials in the manufacture of other new products. These innovations should be prioritized and rewarded.
Lewis is a project team member taking part in team building exercises with the project manager and other team members. Lewis is shy and typically keeps to himself unless prompted for his input. Lewis is struggling with the current communication activity. Lewis wishes that he could be more like Becky. Becky is very well liked and highly regarded by everyone else. While she is not part of the project management team, she is seen by others as a role model since she is able to get others to see her way on many issues. Which type of power does Becky possess
Answer:
Her power is charismatism
Why has globalization led to an
increasing income gap between rich and poor countries?
A. Laborers from developing countries migrate to developed countries in search of better-paying jobs.
B. The reduced production costs provided by low wages in developing countries enable companies to make larger profits.
C. Reduced transportation costs have enabled developed countries to extract more natural resources from their colonies.
D. Countries with well-established infrastructure and productive capacities have more competitive industries.
Answer:
A. Laborers from developing countries migrate to developed countries in search of better-paying jobs.
Explanation:
One way globalization can increase inequality is through the effects of increasing specialization and trade. Although trade based on comparative advantage has the potential to stimulate economic growth and lift per capita incomes, it can also lead to a rise in relative poverty.
Answer:
Countries with well-established infrastructure and productive capacities have more competitive industries.
Explanation:
took test
It was a meat-eating dinosaur. It was about 30 feet long. It had
huge jaws, sharp teeth and claws.It had the ability to run swiftly
which made it a frightening enemy.
Answer:
T-rex
Explanation:
A soft currency is a currency that is easy to exchange for another currency.
O True
0 False
bababooey.................................................................
Answer: Are you bored because i am
.
Answer:
Bababooey
Explanation:
Need help with this question, thanks
Answer:
The 1st left one: Corona
Below it: Core
Beside Corona: Prominence
Below it: Photosphere
Below it: Sunspot
Hope it helps!!!
Help needed ASAP! Will give brainliest;)
Ivan is starting his own pet store in his neighborhood. Where should he go to obtain a business license and permits?
A). County courthouse
B). Internal Revenue Service
C). Post office
D). Bank
Answer:
b
Explanation:
Answer:
Before opening up shop, all business owners need to obtain a business license from their state and perhaps even their local jurisdiction. Some states also require pet stores to obtain a specific pet shop license. The license application may ask you to list the types of animals you'll be selling and provide a detailed floor plan of the shop. Pet shop owners won't be able to operate their business until they get at least a general business license from their state if a pet shop license isn't required.
A is correct
Explanation:
Mark brainiest
Several types of human services are available based on the needs of the population group these include those with addiction homeless people veterans or elderly people describe some of the type of human services two of those population groups usually need.
Answer: intervansion could not be needed so the person the intervansion is relaize exactly
Explanation:
Hope it helps
Veterans sometimes are homeless, so veterans and homeless people need a place to stay. Some Veterans, also have PTSD so they need therapy. Elderly people either need help from someone or a retirement house.
M Corporation produces and sells Product D. To guard against stockouts,
the company requires that 25% of the next month's sales be on hand at the end of each month. Budgeted sales of Product D over the next four months are:
Budget sales in units: June 40,000 / July 60,000 / August 50,000 / September 80,000
Budgeted production for August would be:
a. 57,500 units
b. 107,000 units
c. 77,000 units
d. 80,000 units
Answer:
Production= 57,500 units
Explanation:
Giving the following formula:
Desired ending inventory= 25% of the next month's sales
Budget sales in units:
August 50,000
September 80,000
To calculate the production for August, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 50,000 + (80,000*0.25) - (50,000*0.25)
Production= 57,500 units
Lifetime sells softball equipment. On November 14, they shipped $3,000 worth of softball uniforms to Palos Middle School, terms 2/10, n/30. On November 21, they received an order from Tinley High School for $1,800 worth of custom printed bats to be produced in December. On November 30, Palos Middle School returned $300 of defective merchandise. Lifetime has received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of November 30?
Answer:
$2,700
Explanation:
Calculation to determine What amount will be recognized as net accounts receivable on the balance sheet as of November 30
Using this formula
Net accounts receivable=November 14 Goods shipped -November 30 Defective merchandise returned
Let plug in the formula
Net accounts receivable=$3,000-$300
Net accounts receivable=$2,700
Therefore The amount that will be recognized as net accounts receivable on the balance sheet as of November 30 is $2,700
Fabio Corporation is considering eliminating a department that has a contribution margin of $30,000 and $60,000 in fixed costs. Of the fixed costs, $15,000 cannot be avoided. The effect of eliminating this department on Fabio's overall net operating income would be: Group of answer choices a decrease of $15,000. a decrease of $30,000. an increase of $15,000. an increase of $30,000.
Answer is in a photo. I can only upload it to a file hosting service. link below!
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"In the United States, currency holdings per person average about" a. $110; one explanation for this relatively small average is that many people use credit and debit cards to make transactions. b. $110; one explanation for this relatively small average is that U.S. citizens hold a lot of foreign currency. c. $4,490; one explanation for this relatively large amount is that criminals probably prefer currency as a medium of exchange. d. $4,490; one explanation for this relatively large average is that U.S. citizens hold a lot of foreign currency.
Answer:
"In the United States, currency holdings per person average about"
a. $110; one explanation for this relatively small average is that many people use credit and debit cards to make transactions.
Explanation:
Many persons in the United States prefer the use of credit and debit cards to cash because they make it easier to settle transactions. Whereas a debit card allows one to spend money from deposited funds at the bank, a credit card gives the holder the ability to borrow money from the card issuer to purchase items or withdraw cash. There are credit card limits so that the cardholder does not withdraw above an established limit.
What is a resume?
((this is just to reach the character requirement))
Why do businesses rely more on teamwork in today’s business environment?
A. Teams need fewer instructions.
B. Teams facilitate learning.
C. Teams create a harmonious environment at the workplace.
D. The team’s collective output is greater than the total of each individual’s output.
E. Teams require lesser supervision.
Its D becauses yes i need to write more for some reason
Answer:
D. The team’s collective output is greater than the total of each individual’s output.
Explanation:
Diversification can reduce or eliminate _______ risk.
A) All
B) Systematic
C) Idiosyncratic
D) Market
Answer:
B
Explanation:
Diversification reduces portfolio risk by eliminating unsystematic risk for which investors are not rewarded. Investors are rewarded for taking market risk. Because diversification averages the returns of the assets within the portfolio, it attenuates the potential highs and lows
During which stage of the new product development process do companies usually apply for patents?
A. commercialization
B. market testing
C. business analysis
D. prototype development
Answer:
Explanation:
prototype development
Because the Patel family bought a home this year, they are allowed to claim this expense on their tax return. By doing this, their taxable income should be lowered, thus requiring them to pay less taxes. What does this claim BEST demonstrate?
a standard deduction
an itemized deduction
an earned income credit
an adjusted gross income
Answer: an itemized deduction
Explanation:
From the information given, we can infer that since their taxable income is lowered, thus requiring them to pay less taxes, this is an itemized deduction.
An itemized deductions refers to the expenses that can be claimed km the tax return which in turn will help in the reduction if the individual's taxable income.
Examples of such expenses are interst aoid on home mortgage, medical expenses, taxes, charity donation etc.
Answer:
an itemized deduction
Explanation:
