Answer: A) A defensive firm
Explanation:
Defensive firms have a below-average sensitivity to the state of the Economy which is shown by them maintaining stable returns regardless of if the Economy is in boom or in a recession.
Because of this their stock are highly sough after in Recessions as opposed to Booms because in Recessions they offer better returns than other types of firms but in Booms they will offer lower.
Examples of such firms include those that supply human necessities such as electricity and water.
If Cute Camel ever goes bankrupt, its common stockholders will be paid off first, then its debtholders and preferred stockholders. This statement is , because:
Answer: incorrect; This is because the common shareholders are typically treated as being residual investors.
Explanation:
From the question, we are informed that if Cute Camel ever goes bankrupt, its common stockholders will be paid off first, then its debtholders and preferred stockholders.
This above scenario is untrue. It should be noted that common shareholders are typically treated as being residual investors and therefore won't be paid off first.
The Herfindahl index and the concentration ratio fail to give a complete picture of an economy's competitiveness because:
Answer:
many corporations are conglomerates, spanning a variety of different industries.
Explanation:
Here are the options to this question :
they measure each firm's share of sales rather than each firm's share of profits.
many corporations are conglomerates, spanning a variety of different industries.
they don't account for mergers within an industry.
they are based on market share, not market size.
The Herfindahl index and the concentration ratio are measures used to determine the concentration ratios of firms in an industry
The of concentration ratio is calculated by adding the market shares of firms in the industry. e.g. the four firm concentration ratio calculates the concentration ratio of the 4 largest firms in an industry by adding their market shares together
The HHI is calculated by squaring the market share of each firm in the industry.
Because these measures only measure the concentration of firms in a particular industry, they do not account for conglomerates that exist in different industries
Which 3 features should you suggest to your clients to build their brand recognition? a) Get choosy with your fonts and use a font type that matches the company's branding scheme b) Add company logo to customer sales forms Use the standard template with no customization c) Add a splash of color that matches the company's branding scheme d) Select a default payment method
Answer:
a) Get choosy with your fonts and use a font type that matches the company's branding scheme
b) Add a company logo to customer sales forms Use the standard template with no customization
c) Add a splash of color that matches the company's branding scheme
Explanation:
Brand recognition refers to the recognition of the company brand by identifying with the product tag line, logo, advertising, packaging, etc
It could be identified with the help of audio and video clip so that the people could aware of it
Now for building the brand recognition, the following attributes needed
1. Selection of font that matches with the branding
2. Added a logo also the standard template is required
3. Add color splashes
The value today of the following cash flows is $6,423.71 at an interest rate of 5.8 percent. What is the value of the Year 3 cash flow?
Year Cash Flow
1 $1,665
2 1,845
3 ?
4 2,505
a. $1,313.29.
b. $1,202.49.
c. $1,424.09.
d. $408.71.
e. $3,981.73.
Answer:
c. $1,424.09.
Explanation:
present value = CF1 / 1.058 + CF2 / 1.058² + CF3 / 1.058³ + CF4 / 1.058⁴
$6,423.71 = $1,665 / 1.058 + $1,845 / 1.058² + CF3 / 1.058³ + $2,505 / 1.058⁴
$6,423.71 = $1,573.72 + $1,648.26 + CF3 / 1.058³ + $1,99.24
$1,202.49 = CF3 / 1.058³
$1,202.49 = CF3 / 1.18429
CF3 = $1,202.49 x 1.18429 = $1,424.09
TRV is expecting to purchase a new manufacturing line. It is expected to cost 119,000 and will require an additional 12,000 to set-up. It will generate $25,000 annually for the next 5 years. What is the modified internal rate of return if the cost of capital is 12% and the expected rate on reinvestments is equal to 8%?
Answer:
2.28%
Explanation: Given the following :
Expected cost = 119,000
Additional cost = 12,000
Cash Inflow = $25,000
Number of years = 5 years
Cost of capital = 12%
Reinvestment rate = 8%
The Modified Internal rate of return is used to evaluate the yield on an investment over a certain period of time. The Modified Internal rate of return is similar to the internal rate of return, however, the difference between the lies in the fact that MIRR takes into account that profit accrued each year is reinvested at a steady rate called the Reinvestment rate.
MIRR can be calculated using excel or the online calculators by taking into account the value range, the financing rate and the Reinvestment rate.
Using the Omni MIRR calculator :
Cash inflow of 25,000 over 5 years
Reinvestment rate of 8%
Financing rate of 12%
Total initial investment of (119,000 + 12000) = 131,000
MIRR value = 2.28%
Dean brings up the ambiguity branch managers at First National Bank face. He believes senior leadership needs to make the managers' most important priorities clear. This thinking most closely resembles which principles?
Answer:
The thinking most closely resembles the principles of Clarity in Communication.
Explanation:
There are 7Cs of communication. Namely:
CompletenessConcisenessClarityCourtesyCorrectnessConsiderationConcretenessAn ambiguous message is most likely to be misinterpreted.
When an organisation sets goals and objectives, they also need to follow the above principles.
They need to be very clear. When priorities change within an organisation, the leaders have a duty to clearly communicate the change to Managers who in turn communicate the same to their line managers.
Cheers!
Lee Industry sales are $525,000, variable costs are 53% of sales, and operating income is $19,000. What is the contribution margin ratio?
Answer:
47%
Explanation:
Lee industry have a sale of $525,000
Variable cost is 53% of sales
= 53/100 × $525,000
= 0.53×$525,000
= $278,250
The operating income is $19,000
The first step is to calculate the contribution margin
Contribution margin= sales-variable cost
= $525,000-$278,250
= $246,750
Therefore the contribution margin ratio can be calculated as follows
= contribution margin/sales
= $246,750/$525,000
= 0.47 × 100
= 47%
Hence the contribution margin ratio is 47%
Mullineaux Corporation has a target capital structure of 41 percent common stock, 4 percent preferred stock, and 55 percent debt. Its cost of equity is 17 percent, the cost of preferred stock is 6.5 percent, and the pre-tax cost of debt is 8.3 percent. What is the firm's WACC given a tax rate of 33 percent?
Answer:
the weighted average cost of capital is 10.29%
Explanation:
The computation of the weighted average cost of capital is shown below;
= Weightage of debt × cost of debt × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of common stock) × (cost of common stock)
= 0.55 × 8.3% × (1 - 0.33) + (0.04 × 6.5%) + (0.41 × 17%)
= 3.058% + 0.26% + 6.97%
= 10.29%
Hence, the weighted average cost of capital is 10.29%
We simply applied the above formula
Assume the total cost of a college education will be $200,000 when your child enters college in 16 years. You presently have $67,000 to invest. What annual rate of interest must you earn on your investment to cover the cost of your child’s college education?
Answer:
you must earn an annual rate of interest of 7.07 %
Explanation:
The annual rate of interest, r on the investment is calculated as follows :
Pv = - $67,000
Pmt = $ 0
P/yr = 1
N = 16
Fv = $200,000
r = ?
Using a Financial Calculator, annual rate of interest, r on the investment is 7.07 % .
In May 2013, Nikea recorded the transaction by debiting accounts receivable for $10,000 and crediting service revenues for $10,000. What is the effect of this entry on the accounting equation
Answer:
Please see explanation below.
Explanation:
Given the above, Accounts receivable is an asset. A debit in asset increases the asset. Also, crediting servicing revenue means an increase in equity because service revenue is also part of what makes an equity.
Therefore, debiting accounts receivables and crediting servicing revenue has increased both the assets and equity of Nikea inc.
ABC Corp. has just paid a dividend of $0.26. ABC has an annual required return of 12%.
a. If dividends are annual and expected to be constant, what is the intrinsic value (fair price) of ABC stock?
b. What is ABC's dividend yield?
c. From now on, assume that the dividend of 0.26 was a quarterly dividend. What is the quarterly discount rate?
d. What is the intrinsic value if dividends are constant and quarterly?
e. We now think that dividends will grow by 0.3% from quarter to quarter. The firm just paid the quarterly dividend of 0.26. What is the intrinsic value of ABC stock?
f. A different analyst thinks that ABC's dividends will grow by 5% for the next 4 quarters, and then grow by 0.3% thereafter. What is the intrinsic value?
Answer:
a. If dividends are annual and expected to be constant, what is the intrinsic value (fair price) of ABC stock?
P₀ = $0.26 / 12% = $2.16667 = $2.17
b. What is ABC's dividend yield?
$0.26 / $2.17 = 12%
c. From now on, assume that the dividend of 0.26 was a quarterly dividend. What is the quarterly discount rate?
12% / 4 = 3%
d. What is the intrinsic value if dividends are constant and quarterly?
P₀ = $0.26 / 3% = $8.66667 = $8.67
e. We now think that dividends will grow by 0.3% from quarter to quarter. The firm just paid the quarterly dividend of 0.26. What is the intrinsic value of ABC stock?
P₀ = ($0.26 x 1.003) / (3% - 0.3%) = $9.6585 = $9.66
f. A different analyst thinks that ABC's dividends will grow by 5% for the next 4 quarters, and then grow by 0.3% thereafter. What is the intrinsic value?
Div₀ = $0.26
Div₁ = $0.273
Div₂ = $0.287
Div₃ = $0.301
Div₄ = $0.316
Div₅ = $0.317
terminal value in 4 quarters = $0.317 / (3% - 0.3%) = $11.74
P₀ = $0.273/1.03 + $0.287/1.03² + $0.301/1.03³ + $0.316/1.03⁴ + $11.74/1.03⁴ = $0.265 + $0.271 + $0.275 + $0.281 + $10.43 = $11.522
An entry in QuickBooks Online has been made, but you need to double check the debit and credit entries. What is the quickest way to do this?
Answer: Open the transaction, and look at the transaction journal from within the “more” options
Explanation:
QuickBooks is simply a software package that is used in accounting. It should be noted that QuickBooks products are usually geared for the businesses that are small and medium-sized.
An entry in QuickBooks Online has been made, but you need to double check the debit and credit entries. The quickest way to do this is to Open the transaction, and look at the transaction journal from within the “more” options.
Reeve has worked as an administrator with employer-sponsored health insurance at Big Company for 10 years and has been diagnosed with a serious heart condition. An offer for a great job at Up and Coming Company with great opportunities for advancement, although it pays slightly less, has been extended to Reeve. Up and Coming has health insurance, but the insurance coverage excludes any preexisting health condition for six months. Reeve says that taking the job at Up and Coming would make continuing health insurance from Big Company unaffordable. Up and Coming wants Reeve to start immediately. What would you advise Reeve to consider?
Answer:
What would common sense tell me? To stay at Bog Company since my health is much more important than any possible great job.
The problem is simple, if Reeve quits his current job, he will not be able to afford health expenses for at least 6 months until the new employer policy kicks in. Besides the risk of dying, a serious heart condition may cost tens of thousands of $, or even more in 6 months. What is even worse, is that Reeve's starting salary in the new company is slightly lower, so he will have even less money if any health problems occur. Also, if he gets very ill, his dream job will be over. Even if they do not fire him, his chances of advancement will reduce dramatically.
Sometimes a great opportunity is not worth the risk.
On June 1, 2017, Windsor, Inc. was started with an initial investment in the company of $22,420 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations:
Cash $ 4,830
Notes payable $12,460
Accounts receivable 4,470
Accounts payable 970
Service revenue 7,730
Supplies expense 1,100
Supplies 2,300
Maintenance and
repairs expense 700
Advertising expense 400
Utilities expense 200
Equipment 26,230
Salaries and
wages expense 1,630
Common stock 22,420
In June, the company issued no additional stock but paid dividends of $1,720.
Question Completion:
Prepare an Income Statement for the month of June.
Answer:
Windsor, Inc.
Income Statement for the month ended June 30, 2017:
Service Revenue $7,730
Supplies expense 1,100
Maintenance and
repairs expense 700
Advertising expense 400
Utilities expense 200
Salaries and
wages expense 1,630 $4,030
Net Income $3,700
Explanation:
Windsor, Inc. Income Statement is where the revenues and expenses are summarized in order to arrive at the net income or profit of the business. Temporary accounts are closed to the income statement. These are accounts that are periodic in nature. They are not permanent accounts, which are transferred to the next period. The only element of the income statement that is taken to the balance sheet is the net income or loss.
Which of the following is specifically designed to increase the long run aggregtae suply curve?
a) increasing taxes on entrepreneurs.
b) increasing government spending on welfare.
c) developing new technologies.
d) raising marginal tax rates on income.
Answer: c) developing new technologies.
Explanation:
The Long Run Aggregate Supply (LRAS) curve can only change if the productivity in the Economy changes. One of the ways this can happen is through the use of newer better technology.
The better technology will make production more efficient by producing more goods at a lesser cost which lead to an increase in the GDP potential of the country which is a shift in the LRAS.
A company had average total assets of $937,000. Its gross sales were $1, 099,000 and its net sales were $960,000. The company's total asset turnover equals:________ a) 1.14. b) 1.02. c) 1.17. d) 0.85. e) 0.98.
Answer:
The answer is 1.02
Explanation:
Asset turnover is an effiency ratio and it measures the how efficient a company is using its asset to generate profit.
The formula is Revenue or net sales / total asset
Revenue or net sales = $960,000
Total asset = $937,000
$960,000/$937,000
= 1.02
This ratio means that for every dollar in assets, the company generates $1.02
When implementing change in an organization, there are always culture issues that are faced, such as not accepting change, determine how differently this would be handled thinking about the management versus leadership constructs? When dealing with performing work, how is this implemented differently within the management versus leadership constructs?
Answer with Explanation:
Requirement 1:
Implementation of changes takes a lot of time in resolving issues that we know will emerge and the issues that we don't even considered. Sometimes the situation gets so much worse that the planned solution puts no value in the implementation of the change. This cause severe damages to the company reputation and also has financial implications. The management must ensure that the planning must be free from mistakes. The cost, quality and time are the three main constraint that the management have to consider in resolving the problems so that the project cost doesn't outnumber the expected benefits.
On the other hand, the project manager have to design the processes that are free from defects and are effective as well. The execution of change implementation must bring the planned benefits for which the change is been implemented. The leadership style must be well enough that doesn't increases the problems. Furthermore the leader must be delegating tasks to every team members with allocation of resources as well. The importance of change must be communicated to each of the employees who will get affected and why it the only choice for us. This attitude will help in execution of the change implementation plan which means that the maximum benefits can be pulled off.
Requirement 2:
The management of the company must have to work hard enough so that the employee doesn't get demotivated due to different factors that have significant impact on its performance of duties. The employees must be well guided about the processes and must be continuously monitored. The management also design reward system that would uplift employee motivation and performance.
The leader has to monitor tasks assigned to employees so that the employee is timely guided and the flow of work remains consistent with the progress of other employees. Furthermore, the performance of the employee is tried to improved by proper training programs, continuous appraisal and appraising better performances.
Which of the following tools can the Fed use to contract the money supply? To expand the money supply?
A communication plan is a key component for giving guidelines on how to track project:________a. Issues.b. Costs.c. Defects.d. Both costs and defects.
Answer: a. Issues
Explanation:
A Communication plan for a project allows for easier information flow between the stakeholders in the project including the client, the company and the workers.
By setting standards on how and what should be communicated the plan will let the stakeholders know how to communicate any issues affecting the project. The plan will also let the stakeholders know how to track issues that will be reported.
Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes. Example M1 M2 Yvette has $7,000 in a two-year certificate of deposit (CD). Musashi has a roll of quarters that he just withdrew from the bank to do laundry. Sean has $30,000 in a money market account.
Answer:
M1
M1
M2
Explanation:
M1 is money supply that includes currency and coin, demand deposits, travelers' checks, other checkable deposits, certificate of deposit and negotiable order of withdrawal (NOW) accounts. M1 is the most liquid of money supply
M2 includes M1, savings deposits, money market securities, mutual funds, and other time deposits.
A customer buys $100,000 of a new issue 30 year U.S. Government bond at 80. At maturity, the customer will have:
Answer: No capital gain or loss
Explanation:
The bonds were bought at discount but will be redeemed at par. This does not mean that there will be a capital gain because the discount will simply be added back to the value of the bond overtime.
When the bond then gets to maturity, the discount would simply have been added back because the bond is to be redeemed at par. Because the bond was always going to be redeemed at par, the difference in price is not considered a capital gain.
Gina Fox has started her own company, Foxy Shirts, which manufactures imprinted shirts for special occasions. Since she has just begun this operation, she rents the equipment from a local printing shop when necessary. The cost of using the equipment is $350. The materials used in one shirt cost $8, and Gina can sell these for $15 each. If Gina sells 20 shirts, what will her total revenue be
Answer:
$300
Explanation:
Gina fox have started her own company where she shirts are imprinted for special occasions
The cost of using equipments for the short production is $350
The materials used in one shirt costs $8
The selling price is $15
Therefore if Gina sells 20 shirts then, her total revenue can be calculated as follows
= Selling price × number of shirts that was sold
= $15 × 20
= $300
Hence Gina's total revenue is $300
What is the difference between economies of scale, constant returns to scale, and diseconomies of scale
Answer:
Economies of scale: occur when total costs for the firm go down as the firm increases output. This is why in some industries, large firms are more profitable that small firms.
Constant returns to scale: the property that occurs when increasings in factors or production (labor, capital) lead to the same increase the amount of goods or services produced.
Diseconomies of scale: this is the opposite to economies of scale. Occurs when firms experience higher costs due to larger production. They mostly occur due to coordination issues that arise when firms become to large to manage well.
1. Stock Values. Integrated Potato Chips paid a $2 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 4 percent per year. a. What is the expected dividend in each of the next 3 years? b. If the discount rate for the stock is 12 percent, at what price will the stock sell? c. What is the expected stock price 3 years from now? d. If you buy the stock and plan to hold it for 3 years, what payments will you receive? What is the present value of those payments? Compare your answer to (b).
Answer and Explanation:
The computation of each point is shown below:-
a. Expected dividend in each of the next 3 years is
Dividend in year 1 = Current Dividend × (1 + growth rate)
= 2 × (1 + 0.04)
= 2.08
Dividend in year 2 = Dividend in year 1 × (1 + growth rate)
= 2.08 × (1 + 0.04)
= 2.1632
Dividend in year 3 = Dividend in year 2 × (1 + growth rate)
= 2.1632 × (1 + 0.04)
= 2.249728
b Price the stock will sell
Current Price = Dividend in year 1 ÷ (Discount rate - growth rate)
= 2.08 ÷ (0.12 - 0.04)
= 26
c. Expected Price 3 years from now is
Price in Year 3 = Dividend in year 4 ÷ (Discount rate - growth rate)
= [2 × (1 + 0.04)^4] ÷ (0.12 - 0.04)
= 2.33971712 ÷ 0.08
= 29.246464
d. The present value of payments received is
Year Dividend ÷ Price PVF at 12% Present Value of Dividend ÷ Price
0 2 1
1 Dividend 2.08 0.892857143 1.857142857
2 Dividend 2.1632 0.797193878 1.724489796
3 Dividend 2.249728 0.711780248 1.601311953
3 Price at
year 3 29.246464 0.711780248 20.81705539
Total 26
Note
Here the present value is the same as we have calculated in part b.
In a new margin account, if a customer buys 300 XYZ at 48 and simultaneously writes 3 XYZ Jan 50 calls at 1, the Regulation T margin requirement is
Answer:
$7,200
Explanation:
Calculation for what the Regulation T margin requirement is
Since we were told that the customers buys 300 XYZ at 48 this means that the Regulation T margin requirement will be:
Regulation T margin requirement =(300 × 48)×50%
Regulation T margin requirement =$14,400×50%
Regulation T margin requirement =$7,200
Therefore the Regulation T margin requirement is $7,200
A foodborne pathogen that can cause meningitis is _____.
A. Streptococcus pneumoniae
B. Staphylococcus epidermidis
C. Listeria monocytogenes
D. Neisseria meningitidis
Answer:
C. Listeria monocytogenes
Explanation:
Meningitis is an infectious disease caused by the infection of meninges by virus or bacterial. This can lead to confusion, vomiting, depression etc.
When food that has been contaminated by a pathogen called listeria monocytogenes is consumed, it can develop into meningitis. Meningitis can be treated and controlled by the use of antibiotics, and in some cases the combination of two or more types may be required depending on the nature of infection.
The financial statements for Myers Service Company include the following items
asked Sep 23, 2015 in Business by Katia
2017 2016
Cash $51,500 $49,000
Short-term Investments 27,000 13,500
Net Accounts Receivable 55,000 52,000
Merchandise Inventory 131,000 47,000
Total Assets 528,000 553,000
Accounts Payable 129,500 124,000
Salaries Payable 23,000 19,000
Long-term Note Payable 60,000 60,000
Compute the acid-test ratio for 2016. (Round your answer to two decimal places)
A) 0.88
B) 0.80
C) 0.92
D) 0.71
A
is a plan in which an individual balances available resources and expenses.
Answer:
A "budget" is a plan in which an individual balances available resources and expenses.
Explanation:
Budgeting is the essential way that you can take control of your accounts. Basically, a budget is a composed arrangement for how you will spend your cash.
The term "budget" refers to a strategy used to balance costs and resources.
What is meant by a resources?
A resource is any substance that is available to us in our surroundings that is economically viable, technologically accessible, and culturally sustainable and that helps us meet our needs and desires. Resources can be divided into renewable and non-renewable categories based on their availability.
They can also be divided into actual and potential resources based on their level of development and use, origin (biotic or abiotic), and distribution (universal or localized) (private, community-owned, national, or international resources).
With the passage of time and technological advancement, an object becomes a resource. Utilizing resources effectively can lead to increased wealth, effective system operation, or improved wellbeing. When viewed from a human perspective,
Learn more about resources , from :
brainly.com/question/14289367
#SPJ5
Calculate the following financial ratios for Phone Corporation: (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Answer:
Phone Corporation
1. Return on equity, (Use AVG balance sheet figures %?)
= Net Income/Equity * 100
= $1,225/$10,672.5 * 100
= 11.48%
2. Return on assets (Use AVg balance sheet figures %?)
= Net Income/Average Assets
= $1,225/$27,938.5 * 100
= 4.38
3. Return on Capital Use AVg balance sheet figures %?
= Net Income/Liabilities + Equity * 100
= $1,225/$27,938.50 * 100
= 4.38%
4. Day in Inventory use start of year balance sheet Days?
= Average Inventory/Cost of goods sold * 365
= $212/$4,310 * 365
= 17.95 days
5. Inventory Turnover use start of year balance sheet
= Cost of goods sold/Average Inventory
$4,310/$212
= 20.33 times
6. Average collection period use start of year balance sheet Days?
= Average Accounts Receivable/Net Sales * 365
= $2,632/$13,600 * 365
= 70.64 days
7. Operating Profit margin %?
= Net Income/Sales * 100
= $1,225/$13,600 * 100
= 9%
8. Long term debt ratio (Use end of the year balance sheet):
= Long-term Debts/Total Assets
= $12,137/$27,758
= 0.44
9. Total debt ratio (Use end of the year balance sheet):
= Total Liabilities/Total Assets
= $17,637/$27,758
= 0.64
10. Time interest earned:
= EBIT/Interest Expense
= $2,460/$710
= 3.46 times
11. Current ratio (Use end of the year balance sheet):
= Current Assets/Current Liabilities
= $3,973/$5,500
= 0.72
12. Quick ratio (Use end of the year balance sheet):
= (Current Assets - Inventory)/Current Liabilities
= ($3,973 - 263)/ $5,500
= 0.67
Explanation:
a) Data:
Phone Corporation Income Statement
(Figures in $ millions)
Net sales $13,600
Cost of goods sold 4,310
Other expenses 4,162
Depreciation 2,668
Earnings before interest
and taxes (EBIT) $2,460
Interest expense 710
Income before tax $1,750
Taxes (at 30%) 525
Net income $1,225
Dividends $906
BALANCE SHEET
(Figures in $ millions)
a) Averages Balance Figures:
End Start Average
Year Year Figures
Assets
Cash and marketable securities $94 $163 $128.5
Receivables 2,632 2,590 $2,611
Inventories 212 263 $237.5
Other current assets 892 957 $924.5
Total current assets $3,830 $3,973 $3,901.5
Net property, plant, and equipment 20,023 19,965 $19,994
Other long-term assets 4,266 3,820 $4,043
Total assets $28,119 $27,758 $27,938.5
Liabilities and shareholders’ equity
Payables $2,614 $3,090 $2,852
Short-term debt 1,444 1,598 $1,521
Other current liabilities 836 812 $824
Total current liabilities $4,894 $5,500 $5,197
Long-term debt and leases 5,773 5,938 $5,855.5
Other long-term liabilities 6,228 6,199 $6,213.5
Total long-term liabilities $12,001 $12,137 $12,069
Total liabilities $16,895 $17,637 $17,266
Shareholders’ equity 11,224 10,121 $10,672.5
Total liabilities & shareholders’ equity $28,119 $27,758 $27,938.5
b) Days in Inventory is an efficiency ratio that measures the average number of days the company holds its inventory before selling it. The ratio measures the number of days funds are tied up in inventory.
c) Inventory turnover is a ratio that measures the number of times inventory is sold or consumed in a given time period.
d) The average collection period is calculated by dividing the average balance of accounts receivable by total net credit sales for the period and multiplying the quotient by the number of days in the period.
e) For lack of space, other ratios are equally defined by the formulas for calculating them.
When St Jude’s advertises "Finding Cures. Saving Children" it is marketing:_________a. a concept. b. a service. c. an idea. d. an action. e. a good.
Answer: c. an idea
Explanation:
St Jude's is a Not-for-profit children's research hospital that aims to help children as much they can. They specialise in trying to treat childhood cancer and other terminal illnesses.
When they advertise their goal which is to find cures and thus save children, they are advertising the idea behind their organization so that people can understand what they are about and reach out to them to either support or receive their services.