Suppose that LilyMac Photography has annual sales of $290,000, cost of goods sold of $155,000, average inventories of $3,500, average accounts receivable of $21,000, and an average accounts payable balance of $10,000. Assuming that all of LilyMac's sales are on credit, what will be the firm's cash cycle?
Answers
Answer:
11.12
Explanation:
See attached files
Answer:
Explanation:
Suppose that LilyMac Photography has annual sales of $233,000, cost of goods sold of $168,000, average inventories of $4,800, average accounts receivable of $25,600, and an average accounts payable balance of $7,300.
Assuming that all of LilyMac’s sales are on credit, what will be the firm’s cash cycle? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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When aggregate demand is high enough to drive unemployment below the natural rate:_________a. there is downward pressure on the price level, and the government may want to conduct contractionary fiscal policy. b. the economy is slipping into a recession, and the government may want to conduct expansionary fiscal policy. c. there is upward pressure on the price level, and the government may want to conduct contractionary fiscal policy. d. there is upward pressure on the price level, and the government may want to conduct expansionary fiscal policy. e. there is downward pressure on the price level, and the government may want to conduct expansionary fiscal policy.
As the correlation between assets falls... Group of answer choices portfolio variance is not affected by correlation portfolio variance falls portfolio variance rises
Jordan has the following assets and liabilities:_______. Two cars $10,000 House $200,000 Mortgage $100,000 Cash $1,000 Car loans $3,000 Checking account balance $2,000 Credit card balance $1,000 What is Jordan’s wealth?a. $107,000b. $213,000c. $109,000d. $111,000
Inventory Valuation under Variable CostingDuring the most recent year, Judson Company had the following data associated with the product it makes:Units in beginning inventory 300Units produced 15,000Units sold ($300 per unit) 12,700Variable costs per unit: Direct materials $20Direct labor $60Variable overhead $12Fixed costs: Fixed overhead per unit produced $30Fixed selling and administrative $140,000Required:1. How many units are in ending inventory?$ _______ units2. Using variable costing, calculate the per-unit product cost.$_____________3. What is the value of ending inventory under variable costing?$___________
Answers
Answer:
120
Explanation:
Data provided in the question:
Number of workdays in a year = 250
Demand, D = 7,500 units
Ordering costs, F = $25.00 per order
Carrying costs, C = $9.00
Lead time = 4 days
Now,
Reorder point = Lead Time in days × Average Daily Demand
also,
Average Daily Demand = Demand ÷ Number of workdays in a year
= 7500 ÷ 250
= 30
Thus,
Reorder point = 4 × 30
= 120
Answers
Answers
Answer:
e. None of these.
Explanation:
Step 1. Given information.
Taxable Dividend Yield = 9.7%
Tax rate on Dividend yield=15%
Interest rate=10%
Let Tax rate on Interest=X
Step 2. Formulas needed to solve the exercise.
Interest rate * (1 - x) = taxable dividend yield ( 1 - tax rate on dividend yield)
Step 3. Calculation.
0.10*(1-x)=0.097*(1-0.15)
0.10-0.10x=0.08245
0.10x=0.01755
x=0.01755/0.10
=0.1755
=17.55%
Step 4. Solution.
e. None of these.
Answers
Answer with Explanation:
Requirement 1:
1. Profit Organization
The aim of profit organization is to maximize the wealth of shareholders by increasing its profits. The owners of the company get dividends and appreciation in the value as a return from the company.
2. Nonprofit Organization
The primary mission of Non-profit organization is to benefit the community by helping them and the earnings generation is not the primary goal of the company. ACCA is an entity that delivers quality education to its students and also earns profit on it but the profit margin kept is as low as possible to keep its operation running. Other examples are Rolex, NGO's, National Health Institutes, etc.
In other words, these institutes are for charitable purpose and their primary objective is not making profits.
Key Difference Between Profit Organization and Non-profit Organization
- A profit organization's primary objective is to maximize profits whereas the Non profit organizations work for delivering services and products that helps in uplifting the society from their donations.
- A profit organization is registered as a sole proprietorship or partnership or a corporation. Whereas Non profit organization is registered as a charity club, association of person, trust, corporations, etc.
- Usually major source of income of Non profit organization comes from donations, government and corporation grants, subscriptions, etc. Whereas the major source of profit organization is income generated from the sale of goods and services. Non profit organization - the major incomes are donation, grant, legacies, subscription, etc.
Requirement 2:
Profit making organization have to publish all financial statements which includes income statement, balance sheet, cash flow statement, statement of changes in equity, etc whereas the non profit organization only publishes balance sheet and cash flow statement. If the Non profit organization is involved in selling of products and services then the organization will also have to prepare income statement.
The non profit organization doesn't pays andy dividends as it is a charity firm and all it does is, it spends it money for the welfare of the community. Whereas the profit organization have to retain a share of earned profits and then distributes the remainder to shareholders.
The profit making organization publishes changes in equity statement whereas the charitable firm is not required to publish such things because its primary objective is to spend on the welfare of the community.
Answers
The Federal Housing Administration loan program was established by the US government to make homeownership more accessible to individuals.
To be considered, an applicant's credit score must be at least 500, with a downpayment of 3.5 percent for a credit score of 580 and 10% for a credit score of 500 to 579.
He must be ready to pay for mortgage insurance, and the home he seeks to purchase must fulfill FHA guidelines.
However, finding a lender ready to offer FHA loans is not his responsibility; rather, the lender must be approved by the Federal Housing Administration. Only an FHA-approved lending financial institution can provide him with a loan.
So, Option C is correct.
The other Options are incorrect as
- Option A is incorrect as finding a home for an FHA loan is the most important thing so this is not the correct option.
- Option B is incorrect as visiting an FHA office and ordering an appraisal on the home is also one of the important steps for an FHA loan.
- Option D is incorrect as paying mortgage insurance lowers the risk to the lender making a loan to you.
Thus Option C is correct as this is the only option that is not necessary for an FHA loan.
For more information about FHA loans refer to the link:
Answer:
C. Find a lender who is willing to do FHA-loans.
Explanation:
The Federal Housing Administration loan program was instituted by the United States government to make owning homes by the citizens easier. To be qualified, an applicant's minimum credit score should be 500 with a downpayment of 3.5% with a credit score of 580 and 10% for a credit score which is between 500 to 579. He must be willing to do, mortgage insurance, and the house which he wishes to own must meet the FHA's requirements.
However, it does not depend on him to find a lender willing to do FHA loans, rather, the lender must be approved by the Federal Housing Administration. He can only obtain his loan from an FHA-approved lending financial institution.
Answers
Answer: Option B
Explanation: As we know that,
where,
Operating income = $60,000
total asset = current asset base - decrease in current asset base
total asset = $500,000 - $120,000
= $ 380,000
Now, putting the values into equation we get :-
= 15.79%