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Question - You are a Financial Manager for Dexter Manufacturing. Your sales were $1,000,000 in 2010, and $1,000,000 again in 2011. Your accounting department came to you recently and stated that the cash balance is much lower at the end of 2011 than it was in 2010. You calculate your Accounts Receivable and Inventory Turnover for 2011 and noticed that both of these ratios have DROPPED from 2010 to 2011! Describe in a couple paragraphs what has happened to Accounts Receivable and Inventory. Does this help explain why cash is running low in your opinion? What could you suggest to your management team to help improve these 2 ratios and to help increase cash?
catlet co. uses a periodic inventory system. its records show the following for the month of may in which 65 units were
On October 15, noncash assets with book value $30,000 sold for 15,000, loss allocated among partners. Prepare schedule of safe payments to partners
Ken Cascioli and Bill Ryder ( see E15- 10 and E15- 11) want to know the net income for their first month activities. Post the journal entries prepared for E15- 10 and E15- 11 to general ledger T accounts and prepare a trial balance.
the reyes loaned their daughter rachael 25000 so that she could open up her own business. the terms of the loan require
You want to buy an automobile that costs $30,000. You have $5,000 for a down payment and have to borrow the rest of the amount. A commercial bank has agreed to extend you a 3 year loan for an annual interest rate of 7%.
How are the company's assets classified?
What amount of property taxes are the Johnsens allowed to deduct assuming their itemized deductions exceed the standard deduction amount
Ryan Lawrence's regular hourly rate is $17. Compute Lawrence's gross pay for the past week. If required, round your answer to the nearest cent
The actual variable overhead incurred was $6,200,000, which was related to 600,000 machine hours. Determine the variable overhead spending variance
Prepare the Income tax Return for the current year for the Brown's family. Use Form 1040 and any other related forms.State income taxes paid and withheld
1.jennys new years resolution is to start a retirement fund . she has opened an account with a local broker by
ebbe inc. ebbe inc. purchased merchandise for 500000 received credit for purchase returns of 25000 took purchase
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