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Case: FedEx Corporation (FDX) and United Parcel Service, Inc. (UPS) compete in the package delivery business. The major fixed assets for each business include aircraft, sorting and handling facilities, delivery vehicles, and information technology. The sales and average book value of fixed assets reported on recent financial statements for each company were as follows:
Line Item Description FedEx UPSSales (in millions) $69,693 $74,094Average book value of fixed assets (in millions) 29,292 28,529Question: Compute the fixed asset turnover ratio for each company. Round to one decimal place
Should Dorchester build the new manufacturing plant in the United States? Dorchester Ltd., is an old-line confectioner specializing in high-quality chocolates.
ABC Industries will pay a dividend of $2 next year on their common stock. What is the required rate of return
Calculate the operating income that would result from the division production manager's plant to produce 96,000 units at each plant.
Harder Company manufactures a product that sells for $50 per unit. Harder incurs a variable cost per unit of $30 and $3,400,000 in total fixed costs to produce this product. It is currently selling 200,000 units. Should Harder give a commission to it..
Question - Explain the difference between fixed and variable costs and give two examples of each. Can a company budget for variable costs? Explain
Discuss the notes to the financial statement. (What are the subject of first three notes? How are the inventories stated? What depreciation methods are used?
Depreciation on machinery is $940 for the accounting period.Interest incurred on a loan but not paid or recorded is $635.
What does a loan amortization schedule show? Both the principal balance and interest paid per period. Which bond sells for a price lower than its par value?
How would you reconcile projects that can produce good results in the short term versus projects that can produce excellent results in the long term?
Increase in cash of $120,000 from financing activities, and $47,000 in the noncash investing and financing section. What is the net change in cash for the year?
Legacy issues $700,000 of 7.5%, four-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. They are issued at $643,419 and their market rate is 10% at the issue date. 1.Prepare the January 1, 2013, journal ent..
Mary Howard, CPA, has long audited the Wheat City Grain Company’s financial statements. Much of Wheat City’s assets consist of wheat stored in three of its grain elevators, and the Company maintains perpetual inventory records of the quantity of whea..
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