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H.J. Heinz Company was founded in 1869 at Sharpsburg, Pennsylvania, by Henry J. Heinz. The company manufactures and markets food products throughout the world, including ketchup, condiments and sauces, frozen food, pet food, soups, and tuna. For two recent years, H.J. Heinz reported the following (in thousands):
Assume that the accounts receivable (in thousands) were $1,045,338 at the beginning of Year 1.
a. Compute the accounts receivable turnover for Year 2 and Year 1. Round interim calculations and final answers to one decimal place.
b. Compute the days' sales in receivables at the end of Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.
1-a company had average total assets of 1760000 total cash flows of 1320000 cash flows from operations of 205000 and
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On June 1, 2008, it made sales of $40,000 with terms 3/15, n/45. On June 12, 2008, Montoya received full payment for the June 1 sale. Prepare the required journal entries for Montoya Co.
on january 1 2010 alsip corp. acquired 30 percent 13000 shares of stone services inc. common stock for 1300000 as a
What is her income and what is her basis in these last 150 shares?
How do you think a company may be able to influence a supplier to meet its business processing requirements?
In order to retain certain key executives, Smiley Corporation granted them incentive stock options on December 31, 2009. 80,000 options were granted at an option price of $35 per share.
On average, 50 customers arrive per hour at a small post office. Interarrival times are exponentially distributed. Each window can serve an average of 25 customers per hour. Service times are exponentially distributed.
jaime inc. manufactures two products sweaters and jackets. the company has estimated its overhead in the
Jorel Company is a manufacturer. During April, Jorel's first month of operations, it did the following: What is Jorel's raw materials inventory at end of April
osage corporation issued 600000 7 10-year bonds on january 1 2010 for 559740. this price resulted in an effective
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