What will you do and why

Assignment Help Financial Management
Reference no: EM132404520

Question

You are the accountant for a small food and beverage wholesaler. It is the last day of the current accounting month and business has been slow for the past 2 hours. You have just finished finalizing the books and your company had a nice profit of $175,000 this month which exceeded expectations.

As you turn off your computer and get ready to leave, the sales personnel are starting to lock up the front of the store when one of them approaches you. He explains that a long-standing customer (who always pays his bills) had just come in, was in a big hurry since he is planning a large event and left with $35,000 worth of product asking them to send him a bill. What will you do and why?

Reference no: EM132404520

Questions Cloud

Estimate of the current stock price : Suppose instead that you estimate the terminal value of the company using a PE multiple. The industry PE multiple is 10.
Benefit multinational companies : How does foreign currency futures contracts and foreign currency forwards contracts can be used to benefit Multinational Companies?
How can data analytics be used by an auditor to identify : How can data analytics be used by an auditor to identify risks in an organisation. The response paper should be in APA format, double spaced, hand-written.
What is meaning of cash flow statement and profit-loss : What is meaning of cash flow statement and profit/loss statement? prepared on accrual basis, explain both statement's purpose, objectives and importance.
What will you do and why : You are the accountant for a small food and beverage wholesaler. It is the last day of the current accounting month and business has been slow.
HSC 2577 Principles of Nutrition for Health Care Assignment : HSC 2577 Principles of Nutrition for Health Care - Research Paper Assignment, Homework Help, Florida National University, USA. Nutritional advices for Children
Calculate the required rate of return for company x : How do I Calculate the required rate of return for Company X., assuming that (1) investors expect a 3.0% rate of inflation in the future.
How can data analytics be used in auditing key risks : How can data analytics be used in auditing key risks such as fraud and misappropriation of asset? The response paper should be in APA format.
What in operating cash flows for the year : If this was you only noncash operating expense, what in you operating cash flows for the year?

Reviews

Write a Review

Financial Management Questions & Answers

  What was average real risk-free rate over time period

What was the average real risk-free rate over this time period?

  How large can each of the annual withdrawals be

Harold wants to have exactly $100,000 left in the account in 2023. How large can each of the annual withdrawals be?

  What was the company taxable income for the year

What was the company’s taxable income for the year? What was the company’s EBIT for the year? What was the company’s cash coverage ratio for the year?

  Determine the yield to an investor from mexico

Determine the yield (percentage return on investment) to an investor from Mexico who engages in covered interest arbitrage.

  Explain why you selected that type of stock mutual fund

What is your decision regarding the ideal type of stock mutual fund to invest in? Explain why you selected that type of stock mutual fund.

  What is the value of hundred dollar

What is the value of $100, rounded to the nearest whole dollar, in 9 years at 12% compounded biweekly assuming there are 52 weeks in a year?

  Calculate the exact price change

Calculate the exact price change for a 100bp increase in the bond yield.

  The maintenance cost on a machine is expected

The maintenance cost on a machine is expected to be $5,000 during the first year, $6,000 during the second year, and to increase $500 each year for the following 9 years. What present sum of money should be set aside now to pay for the required maint..

  What should be the market price of this stock today

What should be the market price of this stock today if investors' required rate of return is 13 percent?

  Think about liquidity and financial leverage ratios

Compute the financial ratios for Dell Computer Corporation and IBM. Examine these ratios along with those in Exhibit 10. What do they tell you about Dell and its competitors? Think about liquidity and financial leverage (debt) ratios, efficiency (act..

  What is effective annual rate of interest

The terms of the sale were 1/19, net 33. What is the effective annual rate of interest?

  Calculate the accounting break-even and cash flow break-even

A new product requires an initial investment of $5 million and will be depreciated to an expected salvage of zero over 5 years. The price of the new product is expected to be $25,000, and the variable cost per unit is $15,000. The fixed cost is $1 mi..

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd