Answer:
On average for every $1.00, the credit companies collectection in total is 1.50.
Explanation:
On average for every $1.00, the credit companies collectection in total is 1.50.
At December 31, 2019, Talbot Corporation had 90,000 shares of common stock and 20,000 shares of convertible preferred stock outstanding, in addition to 9% convertible bonds payable in the face amount of $2,000,000. During 2019, Talbot paid dividends of $2.50 per share on the preferred stock. The preferred stock is convertible into 20,000 shares of common stock. The 9% convertible bonds are convertible into 30,000 shares of common stock. Net income for 2019 was $970,000. Assume an income tax rate of 30%. How much is the diluted earnings per share for the year ended December 31, 2019
Answer:
Diluted Earnings per share= $6.9
Explanation:
Earnings per share is the return attributable to each unit of outstanding ordinary share.
It is computed as the Net Income/Number of ordinary shares outstanding
The diluted earnings per share is the EPS assuming all convertible securities were all converted.
Converted shares is computed as follows:
units
Preferred shares = 20,000
Convertible bonds = 30,000
Total 50,000
Total outstanding shares ranking for Earnings = Ordinary shares + Converted shares
= 90,000 + 50,000 = 140,000
Diluted Earnings per share = 970,000/140,000= $6.9
Diluted Earnings per share= $6.9
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%
3-4 sentences to answer the question.
How can a manager use the production function to decide whether to add an input to increase production?
Answer: See explanation
Explanation:
Production function, simply refers to the equation that is used to show the relationship between production factors such as labour and capital and the quantity of goods that'll be gotten.
To be able to make the best decisions regarding production, managers can use production functions as it shows the maximum amount output that a firm can make by using the inputs that it has.
Can I please get help on this it is do today please!!!!!
A ground-dwelling plant grows along a chain-link fence
Answer: Very instresting?
Explanation:
No matter how much a company sells or does not sell, it has to pay fixed costs.
A) False
B) True
Answer:
true
Explanation:
edg
An extremely rainy spring and summer may impact growing crops. This is an example of what type of risk
Answer:
Environmental risk
Explanation:
In simple words, The environmental risk of farming refers to the affect that various agricultural activities have on the environments in which they operate, as well as how those impacts can be linked to those practices. Agriculture's ecological influence varies greatly depending on the activities used by growers as well as the size at which they operate.
A soft currency is a currency that is easy to exchange for another currency.
O True
0 False
Which account will appear in the sales ledger?
A- Gill, a credit customer
B- Sales return
C-Sales
D- Dan, a credit supplier.
Answer:
A- Gill, a credit customer
Explanation:
A journal entry involves the process of keeping the records of business transactions made by an organization.
Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.
Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.
This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.
Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.
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:
__________are costs incurred as a result of unsatisfactory quality that is found before the delivery of a good or service to the customer. a. Internal failure costs b. Appraisal costs c. Prevention costs d. External failure costs
Answer:
The Answer is A
Explanation:
Internal failure costs
. Based on the video, what happened to "savings" in the United States, and how did consumers contribute to this change? Describe why you agree or disagree.
The correct answer to this open question is the following.
Unfortunately, you did not include the lecture, so we do not know what was the information included in the lecture. Just you know it.
However, trying to help you we did some deep research to find the video. So if you are talking about John Gerzema's video, then we can comment on the following.
What happened to "savings" in the United States, and how did consumers contribute to this change according to John Gerzema's video "The post-crisis consumer," produced by TED, is that consumer's savings dropped 10% and today the savings level is "cero."
Consumers have money during so many years that they exceed the purchase of the things needed and bought many things that they did not need, just for teh action of continuing to buy things. A hundred percent consumerism!
So after the crisis, consumers understood the way they excessively purchased in the past, and now, most of them do not have savings and are just buying necessary things.
Answer:
Just listen to the person above.
Explanation:
they are correct.
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
What is one disadvantage of using credit? A. It can be tempting to overspend. B. It is not convenient. C. It never offers special advantages. D. It is extremely difficult to find places that use credit.
Answer:
A. It can be tempting to overspend.
Explanation:
On January 1, 2021, David Mest Communications granted restricted stock units (RSUs) representing 30 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years. After the recipients of the RSUs satisfy the vesting requirement, the company will distribute the shares. The common shares had a market price of $15 per share on the grant date. At the date of grant, Mest anticipated that 7% of the recipients would leave the firm prior to vesting. On January 1, 2022, 6% of the RSUs are forfeited due to executive turnover. Mest chooses the option to account for forfeitures when they actually occur.
Answer:
1. December 31, 2018
Dr Compensation expense $150 million
Cr Paid-in capital - restricted stock $150 million
2. December 31, 2019
Dr Compensation expense $132 million
Cr Paid-in capital - restricted stock $132 million
3. December 31, 2020
Dr Compensation expense $141 million
Cr Paid-in capital-restricted stock $141 million
Explanation:
1. to 3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2018. December 31, 2019. and December 31, 2020
1. Preparation of the appropriate journal entry to record compensation expense on December 31, 2018
First step is to determine the Total compensation expense
Total compensation =$15 per share x 30 million options granted = $450 million total comp.
1.Preparation of the appropriate journal entry to record compensation expense on December 31, 2018
December 31, 2018
Dr Compensation expense $150 million
($450 million/3 years )
Cr Paid-in capital - restricted stock $150 million
(To record compensation expense)
2. Preparation of the appropriate journal entry to record compensation expense on December 31, 2019
December 31, 2019
Dr Compensation expense $132 million
[($450 million*94%*(2/3))-$150 million]
(100%-6%=94%)
Cr Paid-in capital - restricted stock $132 million
(To record compensation expense)
3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2020
December 31, 2020
Dr Compensation expense $141 million
[($450 million*94%)-$150 million -$132 million]
Cr Paid-in capital-restricted stock $141 million
(To record compensation expense)
how can government create more employment
Answer:
The government can create more employment by Reducing Interest Rates.
Answer:
Reducing Interest Rates.
Explanation:
Click this link to view O*NET’s Work Context section for Financial Analysts. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Financial Analysts? Check all that apply.
a. indoors, environmentally controlled
b. face-to-face discussions
c. electronic mail
d. extremely bright lighting
e. cramped work space
f. spend time bending or twisting the body
The work context for financial analysts includes indoors, environmentally controlled, face-to-face discussions, and electronic mail.
Financial analysts are involved in the duties to provide businesses with guidance regarding their fund management, the performance of financial instruments, and financial market assessment.
According to O*NET, financial analyst performs their activities in indoor premises that have a controlling work environment in terms of work ethics and culture.
Another task of financial analysts is to have face-to-face discussions while meetings or presentations with investors and clients of the business regarding business financial goals and profitability.
Electronic mail is also used by analysts to coordinate with other departments and gather financial information.
Learn more about Financial analysts here:
https://brainly.com/question/8344696
Answer:A,B,F
Explanation:Trust
How can you stop inappropriate text and pictures from appearing in search results?
A. Use keywords.
B. Change filtering settings.
C. Click sponsored links.
D. Add bookmarks.
Please select the best answer from the choices provided
Answer:
it is B change filtering settings
Explanation:
One way you can stop texts and pictures that you find inappropriate from appearing in search results is B. Change filtering settings.
How can you stop inappropriate results from appearing in searches?
Search engines come with filtering settings which filter content based on their appropriateness.
If there are search results that you would not like to appear, you can adjust these settings to change them and ensure those results do not appear.
Find out more on filtering settings at https://brainly.com/question/12561796.
In what ways did Skilling's involvement in unethical financial and accounting practices benefit stakeholders initially?
Answer:
The given case relates to the movie Enron. In the movie, Jeffrey Skilling engineered transactions and falsely boosted stock values, allowing various stakeholders to earn higher returns at first. Arthur Anderson, the corporation's auditor, was involved in the investment fraud. Thus, initially to increase the share price the defaulters boosted their earnings.
how could APS score affect learners applications for a bachelor's digree at any Higher Education Institution
Answer:
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Explanation:
hhhhjjhftyhytt
What factors should a person consider when accepting a job?
1. location
2. pay
3. contents of job
4. working conditions
Select all that apply On December 1, Christy Co. accepted a 60-day, 6%, $1,000 note due January 30. On December 31, the appropriate year-end adjusting entry was made. On January 30, the note was honored and paid in full. The entry to record receipt of payment on January 30 (assuming no reversing entry was made) would include a credit to: (Check all that apply.) Multiple select question. Notes Receivable for $1,000. Cash for $1,010. Interest Revenue for $5. Interest Revenue for $10. Interest Receivable for $5.
Answer:
Notes Receivable for $1,000. Cash for $1,010. Interest Revenue for $5. Interest Receivable for $5.
Explanation:
The journal entry to record the receipt of the payment is shown below:
Cash Dr $1,010
To Interest receivable $5 ($1,000 ×6% × 30 days ÷ 360 days)
To Interest revenue $5
To Note receivable $1,000
(being the receipts is recorded)
here cash is debited as it increased the assets and credited the interest receivable, interest revenue and note receivable as it increased the assets and revenue accounts
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:
How many years would it take for money to increase to 3 times the initial amount at an interest rate of 18% per year?
Answer:
7 years (to the nearest year)
Explanation:
Given that;
A = amount
P= principal
t = time
r = rate
A =3P(given in the question)
Formula for compound interest;
A = P(1 + r)^t
Substituting values;
3P = P(1 + 18/100)^t
3P/P= (1.18)^t
3 = (1.18)^t
log 3 = t log 1.18
t = log 3/log 1.18
t = 0.4771/0.0719
t = 6.6 years
t = 7 years (to the nearest year)
bababooey.................................................................
Answer: Are you bored because i am
.
Answer:
Bababooey
Explanation:
Need help ASAP. Will mark brainliest
Answer:
click the top on and the socond option
Explanation:
Investments can help a business increase productivity by:
ANSWER: C. OFFERING THE BUSINESS MORE EFFICIENT WAYS TO MAKE GOODS
A. Making it possible for the business to ignore opportunity cost
B. Eliminating the need for any input when creating products
C. Offering the business more efficient ways to make goods
D. Creating goods outside the production possibilities curve
Answer:
c
Explanation:
when Offering the business more efficient ways to make and encourage the business can develop
Answer:
C. Offering the business more efficient ways to make goods
Explanation:
I just had my test
Callaghan Motors' bonds have 10 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 8%, and the yield to maturity is 9%. What is the bond's current market price? 7-2 YIELD TO MATURITY AND FUTURE PRICE A bond has a $1,000 par value, 10
Answer:
market value = $935.83
Explanation:
N = 10 years
par value = $1,000
coupon rate = 8%
coupon payment = $80
yield to maturity = 9%
current market price:
PV of face value = $1,000 / (1 + 9%)¹⁰ = $422.41
PV of coupon payments = $80 x 6.4177 (PVIFA, 9%, 10) = $513.42
market value = $935.83
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:
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.
