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Question - On January 1, Easton Company had cash on hand of $115,000. All of January's $240,000 sales were on account. December sales of $210,000 were also all on account. Experience has shown that Easton typically collects 25% of receivables in the month of the sale and the balance the following month. All materials and supplies are purchased on account and Easton has a history of paying for half of these purchases in the month of purchase and half the following month. Such purchases were $150,000 for December and $169,000 for January. All other expenses including wages are paid in the month incurred. These amounted to $42,000 in December and $40,000 in January. Use this information to compute the projected ending balance of cash on hand for January. (Round answer to the nearest whole dollar).
Ale Corporation's common stock is selling for $82 per share on the New York Stock Exchange. Ale Corporation's price-earnings ratio is
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During the third year of operations, Big Al’s estimates that 415,000 pizzas (385,000 meat and 30,000 veggie) will be produced. Compute the break-even point in year 3 for Big Al’s pizzas. How many veggie and meat pizzas must be sold in order to break ..
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