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!
Problem - Use this information to answer the next two questions. During 2020, MJX Company recorded the following amounts (in thousands of dollars): sales revenue - $3,180, selling and administrative expenses - $870, net income - $630. Its opening and closing inventory balances were 370 and 310 respectively.
Q1. What was MJX's inventory turnover ratio?
a. 4.94
b. 5.42
c. 4.54
d. 4.41
e. Insufficient information to compute
Q2. What was MJX's COGS as a percentage of sales revenue?
a. Approximately 47%
b. Approximately 28%
c. Approximately 53%
d. Insufficient information to compute
e. None of the above
Q3. On February 15, 2021 Cool Caps purchased 400 caps at $18 per cap on credit (2/10, n/30) and paid $500 in shipping costs upon receipt. Cool caps returned 25 caps within two days of receipt for a full refund and paid the balance amount to the supplier on February 23, 2020. What is Cool Caps' cost per cap?
a. $18.00
b. $18.95
c. $19.25
d. $18.97
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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