Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Holman Electronics manufactures audio equipment, selling it through various distributors. Homan's days sales (accounts receivable/average daily credit sales) figures increased steadily in 20X1 and then spiked dramatically in 20X2, peaking at 120 days in the second quarter. In the third quarter of 20X2, Holman's days sales outstanding figures dropped to 90 days. Its chief financial officer engineered this drop by artificially reducing the amount of outstanding accounts receivable. Channel partners with large outstanding receivables were pressured into signing notes for those amounts. Once sales personnel secured the notes, the CFO directed a reclassification entry to the general ledger converting more than $30 million in trade receivables into notes receivables, which are not included in the days sales outstanding calculation. This reclassification was not disclosed in the Form 10-Q that Homan filed for that quarter.
What might be the motive of the CFO's actions?
lang industrial systems company lisc is trying to decide between two different conveyor belt systems. system a costs
It has equity of 42,000,000. The board approved dividends totaling 4,500,000. What is the company's sustainable growth rate?
SleazeCo manufacturers wind turbines (that produce electricity) for sale in Texas. They currently have one manufacturing facility in Dallas, Texas
1. describe the modified internal rate of return mirr method for determining a capital budgeting projects desirability.
Which of the following is the most valid reason to split a stock that has a market price of $110 per share? a. Conserve cash. b. Reduce the market price to a more popular trading range. c. Obtain additional capital. d. Increase investor's net wort..
ABC purchased $55,540 of equipment 2 years ago. The equipment is 7-year MACRS property. What is the current book value of the equipment?
Describe the investing advice provided in the article and explain how market forces will make different industries perform differently in the same stage of the business cycle.
Explain the difference between fundamental and realised niches. Use a graph to illustrate your answer.
If the GNMA insurance fee is 6 basis points and the servicing fee is 44 basis points, what is the yield on the GNMA pass-through?
Describe the best group member or teammate you have encountered. How did that person's behavior compare to this chapter
WC, Inc. has a $10,000,000 (face value) a 10 year bond selling for 99% of par that pays an annual coupon of 9% . What would the WC's before tax component cost of debt?
4. (TCO G) The Chadmark Corporation's budgeted monthly sales are $3,000. In the first month, 40% of its customers pay and take the 2% discount.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd