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Questions -
Q1. The following data are taken from the records of Chowkens Corporation for year 2020: Sales - P25,200,000; Cost of Sales - P14,400,000; Inventory turnover - 9 times per year. For 2021, budgeted sales and cost of sales are the same as in 2020 actual data, although the company will try to increase its inventory turnover for 12 times per year. If short-term interest rates are expected to average at 8%, what is the company's expected savings due to the increase in inventory turnover?
Q2. What is the company's dividend yield on common stock if its asset turnover (ATO) is 0.9, payout ratio (POR) is 0.60, and price earnings ratio (PE ratio) is 12?
This year Evan graduated from college, and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay.
discuss the objectives for week three. your discussion should include the topics you feel comfortable with any topics
Discuss how much time you think you will need to spend each week for this accounting class. Do you have any concerns in completing the homework?
Administrative expenses and purchased land for $5,000. All of the merchandise purchased was sold for $30,000 cash. What is the company's gross margin?
What are the total assets of the company. What are the current assets of the company. Provide a segmental breakdown of the markets.
The following is a list of selected events for Unger Sales and Service for 2012. Unger uses a perpetual inventory system and had a zero inventory balance prior to these transactions. What was Unger's net income for 2012? Compute gross margin for 2012..
Pug Corporation has 17,000 shares of $10 par common stock outstanding and 27,000 shares of $100 par, What are the dividends per share for preferred and common
The buyer paid him $110,000 in cash, agreed to take the title subject to the $190,000 mortgage, and agreed to pay him $80,000 with interest at 9 percent one year from the date of sale. How much is Louis' recognized gain on the sale?
Correspondence with suppliers revealed unrecorded obligations at April 15 of $15,600 for April merchandise shipments, including $2,300 for shipments in transit (f.o.b. shipping point) on that date.
X Company, a manufacturer, incurred the following total costs during the year: Several jobs that cost a total of $18,040 were unfinished as of the end.
a difference between actual costs and planned costs.should be investigated if the amount is exceptional. indicates that
G corp. began operations in January x1. The marginal tax rate is 34%. What is the amount of the deferred income tax expense
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