Homework Answers
Correct answer----------32%
Working
| Sales | $ 2,288,000 |
| Cost of goods sold | $ 1,712,000 |
| Income | $ 576,000 |
| Total investment | $ 1,800,000.00 |
| ROI (576000/1800000) | 32% |
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Send to Gradebook < Prev Next > 01:07:14 Hide Timer Question 22 --/3 View Policies Current Attempt in Progress Va...
Send to Gradebook < Prev Next > 01:08:10 Hide Timer Question 14 --/3 View Policies Current...
Send to Gradebook < Prev Next > 01:08:10 Hide Timer Question 14 --/3 View Policies Current Attempt in Progress Blossom Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30% Beer. Blossom's annual fixed costs are estimated at $182400. The average selling price in the Wine division is $24 with a variable cost of $8.40. The average selling price in the Beer division is $8.40 with a variable cost of $4.20. What is the...
Send to Gradebook < Prev Next > 01:18:15 Hide Timer Question 17 --/3 View Policies Current Attempt in Progress Ca...
Send to Gradebook < Prev Next > 01:18:15 Hide Timer Question 17 --/3 View Policies Current Attempt in Progress Carla Vista Enterprises manufactures wireless cordless drills. The company has the following projected income statement for the next quarter. Expected sales are 80,000 drills. Sales Variable costs Contribution margin Fixed costs Net operating income $7801600 5936000 1865600 1300000 $565600 Carla Vista's projected degree of operating leverage is Nu 0.70 2.30 1.31 3.30 Attempts: 0 of 1 used Save for Later Submit...
CH 14 Homework Send to Gradebook < Prev Next > Question 2 View Policies Current Attempt...
CH 14 Homework Send to Gradebook < Prev Next > Question 2 View Policies Current Attempt in Progress Sunland Manufacturing Company management found that during the last year it took an average of 46 days to pay its suppliers, whereas it took 65 days to collect its receivables. The company's days' sales in inventory was 70 days. What was Sunland's cash conversion cycle? Sunland's cash conversion cycle is days. e Textbook and Media Attempts: 0 of 3 used Save for...
plz solve this for me!!! = Send to Gradebook < Prev Next > Question 4 View Policies Current Attempt in Progres...
plz solve this for me!!!
= Send to Gradebook < Prev Next > Question 4 View Policies Current Attempt in Progress Harmax Limited spent $5,000 registering an internally developed patent and then another $20,000 defending and enforcing the patent in its first year. How should the patent be reflected in the financial statements? The full $25,000 expensed in the year. • $5,000 capitalized as Patent asset and the $20,000 expensed. $20,000 capitalized as Patent asset and the $5,000 expensed. The...
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress...
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress An aging of a company's accounts receivable indicates that $14400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1160 credit balance, the adjustment to record bad debts for the period will require a O debit to Allowance for Doubtful Accounts for $13240. O credit to Allowance for Doubtful Accounts for $14400. O debit to Bad Debt Expense for $14400. debit...
CH 14 Homework Send to Gradebook < Prev Next > Question 11 View Policies Current Attempt...
CH 14 Homework Send to Gradebook < Prev Next > Question 11 View Policies Current Attempt in Progress Blossom, Inc., has just set up a formal line of credit of $10 million with First Community Commercial Bank. The line of credit is good for up to five years. The bank will charge Blossom an interest rate of 6.00 percent on any amount borrowed, and the firm will pay an annual fee of 96 basis points on the unused balance. The...
Send to Gradebook < Prev Next > Question 21 --/1 View Policies Current Attempt in Progress...
Send to Gradebook < Prev Next > Question 21 --/1 View Policies Current Attempt in Progress port An aging of a company's accounts receivable indicates that $15500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1180 credit balance, the adjustment to record bad debts for the period will require a debit to Allowance for Doubtful Accounts for $14320 O credit to Allowance for Doubtful Accounts for $15500. Odebit to Bad Debt Expense for $14320. debit to...
TVM2 Send to Gradebook < Prev Next Question 3 /1 View Policies Current Attempt in Progress...
TVM2 Send to Gradebook < Prev Next Question 3 /1 View Policies Current Attempt in Progress Snyder Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $35,500; Year 2, $39,500; and Year 3, $49,000. Snyder requires a minimum rate of return of 10 % Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the foctor table provided) What is the maximum price Snyder should pay for...
Send to Gradebook < Prev Next > Question 1 View Policies Current Attempt in Progress Hank...
Send to Gradebook < Prev Next > Question 1 View Policies Current Attempt in Progress Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 190-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 285 pounds of granulated sugar at $0.56 per pound 323 lemons at $0.87 each 950 yeast tablets at $0.29 each 190 nutrient tablets at $0.14 each 2,700 ounces of...
Send to Gradebook Next> < Prev Question 16 -/1 View Policies Current Attempt in Progress Swifty...
Send to Gradebook Next> < Prev Question 16 -/1 View Policies Current Attempt in Progress Swifty Company had net credit sales during the year of $1300000 and cost of goods sold of $800000. The balance in accounts receivable at the beginning of the year was $150000, and the end of the year it was $110000. What was the accounts receivable turnover? 8.67 11.82 10.00 6.35 Attempts: 0 of 1 used Save for Later Submit Answer Send to Gradebook III
Send to Gradebook < Prev Next > 01:08:10 Hide Timer Question 14 --/3 View Policies Current Attempt in Progress Blossom Bottle Shop has two divisions, Wine and Beer. The sales mix is 70% Wine and 30% Beer. Blossom's annual fixed costs are estimated at $182400. The average selling price in the Wine division is $24 with a variable cost of $8.40. The average selling price in the Beer division is $8.40 with a variable cost of $4.20. What is the...
Send to Gradebook < Prev Next > 01:18:15 Hide Timer Question 17 --/3 View Policies Current Attempt in Progress Carla Vista Enterprises manufactures wireless cordless drills. The company has the following projected income statement for the next quarter. Expected sales are 80,000 drills. Sales Variable costs Contribution margin Fixed costs Net operating income $7801600 5936000 1865600 1300000 $565600 Carla Vista's projected degree of operating leverage is Nu 0.70 2.30 1.31 3.30 Attempts: 0 of 1 used Save for Later Submit...
CH 14 Homework Send to Gradebook < Prev Next > Question 2 View Policies Current Attempt in Progress Sunland Manufacturing Company management found that during the last year it took an average of 46 days to pay its suppliers, whereas it took 65 days to collect its receivables. The company's days' sales in inventory was 70 days. What was Sunland's cash conversion cycle? Sunland's cash conversion cycle is days. e Textbook and Media Attempts: 0 of 3 used Save for...
plz solve this for me!!!
= Send to Gradebook < Prev Next > Question 4 View Policies Current Attempt in Progress Harmax Limited spent $5,000 registering an internally developed patent and then another $20,000 defending and enforcing the patent in its first year. How should the patent be reflected in the financial statements? The full $25,000 expensed in the year. • $5,000 capitalized as Patent asset and the $20,000 expensed. $20,000 capitalized as Patent asset and the $5,000 expensed. The...
Send to Gradebook < Prev Next > Question 20 --/1 View Policies Current Attempt in Progress An aging of a company's accounts receivable indicates that $14400 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1160 credit balance, the adjustment to record bad debts for the period will require a O debit to Allowance for Doubtful Accounts for $13240. O credit to Allowance for Doubtful Accounts for $14400. O debit to Bad Debt Expense for $14400. debit...
CH 14 Homework Send to Gradebook < Prev Next > Question 11 View Policies Current Attempt in Progress Blossom, Inc., has just set up a formal line of credit of $10 million with First Community Commercial Bank. The line of credit is good for up to five years. The bank will charge Blossom an interest rate of 6.00 percent on any amount borrowed, and the firm will pay an annual fee of 96 basis points on the unused balance. The...
Send to Gradebook < Prev Next > Question 21 --/1 View Policies Current Attempt in Progress port An aging of a company's accounts receivable indicates that $15500 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1180 credit balance, the adjustment to record bad debts for the period will require a debit to Allowance for Doubtful Accounts for $14320 O credit to Allowance for Doubtful Accounts for $15500. Odebit to Bad Debt Expense for $14320. debit to...
TVM2 Send to Gradebook < Prev Next Question 3 /1 View Policies Current Attempt in Progress Snyder Company is considering purchasing equipment. The equipment will produce the following cash inflows: Year 1, $35,500; Year 2, $39,500; and Year 3, $49,000. Snyder requires a minimum rate of return of 10 % Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the foctor table provided) What is the maximum price Snyder should pay for...
Send to Gradebook < Prev Next > Question 1 View Policies Current Attempt in Progress Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 190-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 285 pounds of granulated sugar at $0.56 per pound 323 lemons at $0.87 each 950 yeast tablets at $0.29 each 190 nutrient tablets at $0.14 each 2,700 ounces of...
Send to Gradebook Next> < Prev Question 16 -/1 View Policies Current Attempt in Progress Swifty Company had net credit sales during the year of $1300000 and cost of goods sold of $800000. The balance in accounts receivable at the beginning of the year was $150000, and the end of the year it was $110000. What was the accounts receivable turnover? 8.67 11.82 10.00 6.35 Attempts: 0 of 1 used Save for Later Submit Answer Send to Gradebook III
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