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Route Canal Shipping Company has the following schedule for aging of accounts receivable:Age of Receivable( 1) ( 2 ) ( 3 ) ( 4 )Month of Sales Age of Account Amounts % of amount dueApril 0-30 $195,360March 31-60 $97,680February 61-90 $122,100January 91-120 $73,260Total receivables $488,400 100%a. Calculate the percentage of amount due for each monthb. If the firm had $1,584,000 in credit sales over the four-month period, compute the average collection period. Avg. daily sales should be based on a 120-day period.c. If the firm likes to see its bills collected in 42 days, should it be satisfied with the average collection period?d. Disregarding your answer to part c and considering the aging schedule for accounts receivable, should the company be satisfied?Please show your answer in a way that I can learn to solve it myself, thanks!
Would better internal controls have prevented any of the biggest corporate scandals over the past few years? Provide examples and explain.
Blue Moon Company has one million shares of common stock outstanding. In a typical annual election for the board of directors, shareholders representing 70% of shares outstanding exersize their right to vote.
Assume that during a given year: the price of TV sets increases by 4% in Japan, the dollar depreciates by 5% with respect to the yen, customer incomes in the U.S. increase by 3%,
If the interest rate on the loan is 6%, what final payment will the bank require you to make so that it is indifferent to the two forms of payment?
What was the economic rationale behind JAL's hedges? Did JAL's forward contracts constitute an economic hedge? That is, is it likely that JAL's losses on its forward contracts were offset by currency gains on its operations?
The provisions of section 302 of the Sarbanes-Oxley Act (as originally enacted) require the signing officers of a company to do all of the following except.
Please include, as a second attachment, your Excel workbook that includes all of your work for ratios, trends analyses, and other assessment tools that you use.
The dividend per share in one year is $2. In year two it is $4 a share. Then the dividend will grow at 5 percent per year after that. The expected rate of return is 12 percent.
Determine two to three (2-3) methods of using stocks and options to create a risk-free hedge portfolio can be created. Support your answer with examples of these methods being used to create a risk-free hedge portfolio.
What cash price should Duncan accept on a TV set listed at $1195 if Duncan could use the cash to pay off debt now, on which it pays a 13.5% simple rate of interest ?
To evaluate a company's average tax rate an analyst would - Typical U.S. GAAP disclosures for deferred income taxes include all of the except
Fison Corporation purchased 15,000 shares of its $2 par common stock at a cost of $12 each share on April 30, 2006. The stock was originally issued at $10 each share.
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