norwood company reported a receivables turnover ratio of 8.1. cost of goods sold was $355,000 and net sales revenue was $494,100. the average net receivables must have been:
Answers
104827.16 must have been the average number of net receivables.
Explain about the average net receivables?A period's average net receivables are calculated by dividing the total amount of aggregate outstanding debt for all days during the period by the total number of days in the period.
The entire amount still owing by customers to your business, less the amount you're not likely to be able to collect, is your net accounts receivable. You require the amount of your Gross Receivables as well as the Allowance for Doubtful Accounts to get your Net Receivables.
The average accounts receivable (AR) ratio reveals if a company can effectively collect its debts. The debtors turnover ratio is another name for it. An increased AR turnover ratio means that the company can collect its total receivables many times over in a given time frame.
=355000 + 494100
=849100 /8.1
= 104827.16
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Antonio received 40 ISOs (each option gives him the right to purchase 20 shares of Zorro stock for $3 per share) at the time he started working for Zorro Corporation six years ago. Zorro’s stock price was $3 per share at the time. Now that Zorro’s stock price is $50 per share, Antonio intends to exercise all of his options and immediately sell all the shares he receives from the options exercise. (Enter all amounts as positive values. Leave no answers blank. Enter zero if applicable.)
Problem 12-31 Part a (Static)
a. What are Antonio’s taxes due on the grant date, the exercise date, and the date the shares are sold, assuming his ordinary marginal rate is 32 percent and his long-term capital gains rate is 15 percent?
Grant date $____
Exercise date & sale date _____
b. What are Zorro’s tax consequences on the grant date, the exercise date, and the date Antonio sells the shares?
Grant date $____
Exercise date & sale date ____
c. What are the cash flow effects of these transactions to Antonio, assuming his ordinary marginal rate is 24 percent and his long-term capital gains rate is 15 percent?
Cash flow consequences
Grant date _____ ________
Exercise date & sale date _____ _________
Answers
a)On the grant date, Antonio does not owe any taxes. On the exercise date, Antonio's taxes due are calculated based on the difference between the fair market value of the shares ($50) and the exercise price ($3) multiplied by the number of ISOs exercised (40*20 = 800). So, taxes due on the exercise date are (50 - 3) * 800 * 0.32 = $12,800.
On the sale date, Antonio's taxes due are calculated based on the capital gains from selling the shares. The capital gains are the difference between the selling price ($50) and the exercise price ($3) multiplied by the number of shares sold (40*20 = 800). So, taxes due on the sale date are (50 - 3) * 800 * 0.15 = $5,700.
b)On the grant date, Zorro Corporation does not have any tax consequences. On the exercise date, Zorro Corporation incurs a tax deduction equal to the difference between the fair market value of the shares ($50) and the exercise price ($3) multiplied by the number of ISOs exercised (40*20 = 800). So, tax consequences on the exercise date are (50 - 3) * 800 = $37,600.On the sale date, Zorro Corporation does not have any tax consequences.
c)On the grant date, there are no cash flow consequences for AntonioOn the exercise date, Antonio will need to pay the exercise price for the ISOs, which is $3 per share, multiplied by the number of ISOs exercised (40*20 = 800). So, the cash flow consequences on the exercise date are $3 * 800 = $2,400.On the sale date, Antonio will receive cash from selling the shares, which is the selling price ($50) multiplied by the number of shares sold (40*20 = 800). So, the cash flow consequences on the sale date are $50 * 800 = $40,000.
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In the long run, increasing the national debt will cause which of these?
A) higher tax revenue
B) an increase in jobs
C) higher interest rates
D) an increase in production
Answers
If choose all that apply I think a,b,and c
You+deposit+$500+today+in+a+savings+account+that+pays+6%+interest,+compounded+annually.+how+much+will+your+account+be+worth+at+the+end+of+20+years?
Answers
According to the question your savings account will be worth approximately $742.95 at the end of 20 years.
To calculate the future value of your savings account, we can use the formula for compound interest: A = P(1 + r/n)^(nt), where A is the future value, P is the initial deposit, r is the interest rate, n is the number of times the interest is compounded per year, and t is the number of years.
In this case, you deposited $500 today, the interest rate is 6% (or 0.06), and the interest is compounded annually (n = 1). We need to calculate the future value at the end of 20 years (t = 20).
Plugging in the values into the formula:
A = 500(1 + 0.06/1)^(1*20)
Simplifying the calculation:
A = 500(1 + 0.06)^20
Calculating the value within parentheses:
A = 500(1.06)^20
Evaluating the exponent:
A = 500(1.06^20)
Using a calculator:
A ≈ 500(1.4859)
Calculating the final result:
A ≈ $742.95
Therefore, your savings account will be worth approximately $742.95 at the end of 20 years.
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1. Workplaces that grow plants, such as farms, nurseries, greenhouses,
gardens, and parks are part of
Plant Systems
Animal Systems
Food Products & Processing Systems
Environmental Service Systems
Answers
Answer:
Plant Systems
Explanation:
The plant system entails the science of how plants grow. It is the study of the different types of plants and how they impact our world. Gardens, farms, nurseries, greenhouses, and parks also form part of the plant's system.
Plant Systems specialists help feed the nation by monitoring our plant food quality and safety. They provide information that aids consumers in making sensible nutritional decisions.
Managers of an office selected a committee of 5 employees to participate in discussions on how to revise the flow of work in the office. The office has 30 employees, of which 11 are men. If the committee is selected at random from the 30 employees is it likely to have 4 men? Complete parts (a) through (e) below. (a) Explain why it would not be appropriate to use a binomial model for the number of men on a randomly selected committee of 5 . A. There are not two possible outcomes for each trial involved in randomly selecting the committee. B. The number of men on a randomly selected committee of 5 meets all of the conditions for using a binomial model. C. The number of men on a randomly selected committee of 5 is not a random variable. D. The committee is too large and violates the 10% condition. (b) The binomial coefficient nCx gives the number of ways of picking a subset of x items out of n. Using this fact, how many ways are there to pick a committee of 5 from among all of the office employees? There are ways. (Simplify your answer.)
Answers
(a) A. There are not two possible outcomes for each trial involved in randomly selecting the committee.
(b) The number of ways to pick a committee of 5 from among all the office employees is 142,506.
In a binomial model, there should be exactly two possible outcomes for each trial. However, in the given scenario of selecting a committee of 5 employees, the number of men on the committee can vary from 0 to 5. This means that the outcome is not limited to just two possibilities, making it inappropriate to use a binomial model.
To calculate the number of ways to select a committee of 5 from a total of 30 employees, we use the binomial coefficient formula: nCx = n! / (x!(n-x)!). In this case, n = 30 and x = 5. Plugging in these values and simplifying the expression, we find that there are 142,506 different ways to select a committee of 5 employees from a pool of 30 employees.
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___________________________ is not the most important factor in choosing a school. Ideally, a student should find the school that will best suit his or her educational and training needs, as well as fitting his or her personality. If two or more schools are “tied,” then cost can be a determining factor.
Answers
The cost of a school is not the most crucial consideration when selecting one. Hence option A Affordability is correct.
What are factors that should be consider ?The most crucial variables were the tuition cost and the types of courses available since without a reasonable tuition cost, it would be difficult to pay for school. Additionally, if the institution didn't offer the courses you expected to find there. You won't correctly select and enroll in their school.
Our options included schools with good facilities. Due to their expensive tuition and the improper courses they offered, we decided against them.
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the turtle island singers receive three gifts during the current year: (a) $3,000, which may be used for any purpose at any time; (b) $5,000, which must be used for a special concert given in a nursing home; and (c) $1,000, which may be used for any purpose, but only in the next fiscal year.
Answers
The classification will be C. $8,000 as unrestricted revenue and $1,000 as temporarily restricted revenue.
What is a temporary restriction?Contributions that are subject to time and/or purpose restrictions from the donor are categorized as temporarily restricted until the recipient not-for-profit organization satisfies the restrictions.
Items that were received with a restriction put in place by the donor but will be satisfied in the future are considered temporarily restricted (generally within one year).
The Turtle Island Singers receive three gifts during the year 2012: (a) $3,000, which may be used for any purpose at any time; (b) $5,000, which must be used for a special concert in a nursing home. The unrestricted revenue will be:
= $3000 + $5000
= $8000
The correct option is C.
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The Turtle Island Singers receive three gifts during the year 2012: (a) $3,000, which may be used for any purpose at any time; (b) $5,000, which must be used for a special concert in a nursing home; and (c) $1,000, which may be used for any purpose, but only in the year 2013. When it receives the gifts, how should the entity classify them?
a. $3,000 as unrestricted revenue and $6,000 as temporarily restricted revenue
b. $4,000 as unrestricted revenue and $5,000 as temporarily restricted revenue
c. $8,000 as unrestricted revenue and $1,000 as temporarily restricted revenue
d. $9,000 as unrestricted revenue
Suppose you purchased a stock a year ago. Today, you receive a
dividend of $19 and you sell the stock for $111. If your return was
9%, at what price did you buy the stock? $________.
Answers
You bought the stock for $82.83.
The price you bought the stock is $97.71. Here's how to get the answer:
Given that you received a dividend of $19 and you sold the stock for $111. The dividend and the selling price gives you a total return of $130 ($19+$111 = $130).The problem also gives a total return of 9% for the year using the formula:return = (ending price - beginning price) / beginning price * 1009% = ($111 - beginning price) / beginning price * 100Solve for the beginning price:
Beginning price = $111 / (1 + 0.09)Beginning price = $101.83The beginning price is $101.83. Now you can solve for the price you actually bought the stock by subtracting the dividend of $19 from the beginning price:Price bought = $101.83 - $19Price bought = $82.83
Therefore, you bought the stock for $82.83.
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A marketing approach that uses the same marketing mix to target all customers is known as:
A. Target Marketing
B. Market Segmenting
C. Mass Marketing
Answers
Answer:
It is C. Hope this helps
Explanation:
an architecture firm would stand to lose a lot of money in the event of the death of its project manager. which type of policy should the firm purchase
Answers
An architecture firm would stand to lose a lot of money in the event of the death of its project manager. The type of policy that the firm purchase is Key Person Insurance
What does the term "key person" mean?Key person insurance, often known as keyman insurance, is a category of commercial insurance that covers a company's most important employees. Similar to life insurance, the policy provides financial security for your loved ones in the case of your passing.
Therefore, in the context of the above, a business insures its most valuable employee or employees with key person insurance, which is a life insurance policy. In the event that a key employee becomes disabled, an insurance may also include a rider for disability coverage.
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What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
Answers
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
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Which situation is an example of direct taxation?
O A. A government charges a bank a fee on its deposits, so banks raise
rates for customers.
B. The government charges a tax on imports, which companies pass
on in the prices they charge buyers,
C. Businesses must send a portion of their income each year to the
government
D. Stores charge sales tax on each purchase and send that money to
the government
Answers
When Businesses pay a portion of their income to the government in the form of taxes, such a situation is an example of direct taxes. Therefore, (C) is the correct option.
What is Direct Taxes?Direct taxes are paid by the citizens directly to the government without any other stakeholder in between. there are majorly two types of direct taxes, corporate Tax, and Income tax.
Businesses pay corporate tax on their income, which is a form of direct tax.
Therefore, (C) is the correct option.
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In what proportion should salt costing 200 naira per bag and salt costing 270 Naira per bag be mixed together to produce a mixture worth 250 Naira per bag
Answers
To create a combination that costs 250 Naira per bag, the less costly salt (200 Naira per bag) should be combined in a ratio of around 0.2857, and the more expensive salt (270 Naira per bag), in a ratio of (1 - 0.2857) 0.7143.
The calculation is as follows:
We can construct a weighted average equation based on the costs of the two salts to predict the ratio in which the two salts should be combined to yield a combination worth 250 Naira per bag. Assume that the ratio of the combination less costly salt (200 Naira per bag) is x and the ratio of the more expensive salt (1 - x) is. The following is the formula for the weighted average ratio :200x + 270(1 - x) = 250
To make the calculation easier:
200x + 270 - 270x = 250
-70x = -20 by 70, divide both sides: x = -20 / -70 x ≈ 0.2857
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An income is measured as
A all money received, including gifts, in the course of a year.
B an amount spent in one week’s time.
C an amount received in a specific period: weekly, biweekly, or yearly.
D all money saved during a year’s time.
Answers
Answer:
C. An amount received in a specific period: weekly, biweekly, or yearly.
Explanation:
Income is an amount received in a specific period: weekly, biweekly, or yearly.
Income
It is a particular amount of money that is paid to you when you work for some organization or company, or when you earn in a business.
How is income measured?It is measured as an amount that is received in a specific period : weekly, biweekly, or yearly. It is pre-decided and depends on the type and amount of work you do.
Hence, income is an amount received in a specific period: weekly, biweekly, or yearly.
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if you were a businessman,how would you handle home trade?
Answers
Answer:
1+1>2 effective and efficient
Hey MCU fans, 30 pts to the first person who can answer this question! What was Loki's last words TO THOR before he died? Just thought this would be fun :)
Answers
If no externalities of pollution exist in a particular industry, the interaction of demand and supply _________________________ .
A. is based on benefits individuals perceive while maximizing utility
B. is based on choices about production relative to total average costs
C. will coordinate social costs and benefits
D. shifts so supply has no relation to social costs
Answers
The interaction of demand and supply in an industry with no externalities of pollution determines the equilibrium price and quantity.
Demand refers to the quantity of a product or service that consumers are willing and able to buy at various price levels, while supply represents the quantity that producers are willing and able to offer for sale. In the absence of pollution externalities, the market will reach an equilibrium where the quantity demanded equals the quantity supplied, and the price is established based on this balance. The absence of pollution externalities means that the cost of production and consumption does not include the social costs associated with pollution. As a result, the equilibrium price and quantity will solely be determined by the preferences of consumers and the production capabilities of suppliers. This scenario simplifies the analysis of market dynamics and allows for a clearer understanding of price and quantity determination.
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the muffin house produces and sells a variety of muffins. the selling price per dozen is $16, variable costs are $15 per dozen, and total fixed costs are $300. what are breakeven sales in dollars?
Answers
To calculate the breakeven sales in dollars, we need to determine the number of dozens of muffins that need to be sold to cover the total costs.
First, let's calculate the contribution margin per dozen. The contribution margin is the selling price per dozen minus the variable cost per dozen. In this case, it is $16 - $15 = $1.
Next, we can calculate the breakeven point in dozens by dividing the total fixed costs by the contribution margin per dozen.
Breakeven point (in dozens) = Total fixed costs / Contribution margin per dozen
Breakeven point (in dozens) = $300 / $1 = 300 dozens.
Breakeven sales (in dollars) = Breakeven point (in dozens) * Selling price per dozen
Breakeven sales (in dollars) = 300 dozens * $16 = $4800.
Therefore, the breakeven sales in dollars for the Muffin House is $4800.
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Which 3 activities are accessible from the get paid & pay tab when using business view?.
Answers
The 3 activities that are accessible from the get paid & pay tab when using business view are: Vendors, Sales, Time.
What is QuickBooks?QuickBooks can be defined as an accounting software that enable a business owner, accountant or account officer to track a company sales including their day to day transactions.
When a business owner is making use of business view on QuickBooks the activities that is accessible from the get paid & pay tab includes:
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What is the most advanced type of traditional postsecondary degree? a. bachelor's degree b. master's degree c. associate degree d. doctoral degree
Answers
Answer: d. doctoral degree
Explanation: A doctorate degree is the highest traditional academic degree.
Which of the following gas satisfaction measures wWhich of the following gas satisfaction measures would Be this for a company to use if they want to estimate how many customers might recommend them to their friends?
CES
CSAT
PSC
NPS
Answers
Answer:
Simple Random Sample
Explanation:
Why would an insurance company charge an inexpensive copay when considering claims that will likely be hundreds or thousands of dollars?
Answers
lol look at this
PLSSS HELP PLSS HELP
Answers
bought a computer for ra 25000
double column cash book with discount and cash column
Answers
Answer:
Explanation:
41,900
June 01 Balance b/d 16,300
Answer:
41,900
June 01 Balance b/d 16,300
Explanation:
(5. From the age distribution, if a country has more workforce that fall between
56 years and above, what are the likely economic effect on such a country?
Answers
Answer & Explanation: Aging workforce refers to the part of working individuals that has reached a certain age and beyond often 40 years and above.
Having more aging workforce is HARMFUL for economic growth. This is so because an aging workforce will lead to a decline in labour participation rate due to the retirement age for kost countries. This will also lead to an increase in social security tax and eventually a decline in productivity.
what is the term for a crm that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Answers
User experience is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site. Option C
What is User experience?Generally, The term "user experience" describes how a product, application, system, or service makes the user feel. It is a general phrase that may refer to anything, including how easily a user can navigate a product, how simple it is to use, how pertinent the shown material is, etc.
A CRM that monitors the kind of sale that is most likely to prompt a consumer to buy an item that they have previously seen on an e-commerce site is known as a user experience CRM.
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CQ
What is the term for a CRM that tracks the type of sale that is most likely to make a person purchase an item that they have previously viewed on an e-commerce site?
Variability
Product or service measurement
User experience
Product development
Is Massachusetts has a sales tax of 6 percent and New Hampshire?
Answers
If New Hampshire has no sales tax and Massachusetts has a 6% sales tax, purchasing a $1,000 television in New Hampshire will save you $60.
The current state sales tax rate in Massachusetts (MA) is 6.25%. Sales tax is a fee associated with the sale of specific goods and services that is paid to a governing body (local or state). Sales taxes have existed since ancient Egypt, when artwork show the taxation of goods, and were first implemented in the United States in 1921. In 1966, Massachusetts became the first state to enact a general transaction privilege tax. The rate has since increased to 6.25%. You represent the Commonwealth of Massachusetts as a business owner providing taxable goods or services by collecting transaction privilege tax from customers and remitting it to the Department of Revenue. This is a crucial aspect that needs to be emphasised.
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Which among the 4 common errors that leads to unbalanced account is the HARDEST to resolve. Explain Why.
Answers
The common errors that leads to unbalanced account and are the easiest to resolve includes the error of Omission, Commission. Original Entry and Duplication.
In accounting, there are different type of error that could result to the unbalanced account, that is, leaving the Trial balance or Balance sheet unbalanced.
Generally, the recognized type of errors in accounting includes:
Error of Original EntryError of DuplicationError of OmissionError of Entry ReversalError of Principle Error of CommissionTransposition ErrorsRounding Errors etcIn conclusion, the common errors that leads to unbalanced account and are the easiest to resolve includes the error of Omission, Commission. Original Entry and Duplication because they are easy to correct.
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Issued by corporations, these financial instruments give their holders a class ownership in a company. They are riskier than bonds but less risky than the general class of ownership.
Answers
Using only IRC Section 267 of the Internal Revenue Code and its Treasury Regulations, answer the following questions. Cite your answer to the applicable IRC Section (including subsection, paragraph, etc.) and/or Treasury Regulation (including prefix, section, paragraph, etc.).
1. List one transaction that is not given any effect (i.e., is disallowed) if it takes place between related taxpayers. Cite your answer.
2. Which members of a family are treated as "related taxpayers"? Cite your answer.
3. Are the partners in a partnership and the partnership included as "related persons" in Section 267? Cite your answer
4. Which IRC section governs transactions between partners and partnerships? Cite your answer.
Answers
One transaction that is not given any effect if it takes place between related taxpayers is the loss deduction from a wash sale of stock or securities.
According to IRC Section 267 ,
If a taxpayer sells or trades stock or securities at a loss and within 30 days before or after the sale acquires substantially identical stock or securities, then the loss deduction will be disallowed.
The term "related taxpayers" is defined in Treasury Regulation §1.267(b)-1T as "persons who are related persons within the meaning of section 267(b) or 707(b)(1)." Family members who are related taxpayers include siblings, spouses, ancestors, and lineal descendants.
Yes, partners in a partnership and the partnership itself are included as "related persons" in Section 267. Treasury Regulation §1.267(b)-1T specifically includes partnerships and their partners as related persons.
Transactions between partners and partnerships are governed by IRC Section 707. This section deals with transactions between a partner and the partnership, including contributions of property, payments to partners, and distributions of property.
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