C. If Springfield raises its average passenger fare to $190, it is estimated that the average load factor will decrease to 60 percent. What will be the monthly break-even point in number of passenger cars? Contribution margin cost would be 190-70=120 per passenger. 90 seats with 60% load factor would be 54 seats. 3,150,000 fixed cost/120 margin cost per passenger=26,250 passengers 26,250/54 seats=486 passenger cars.
3-1 Days Sales Outstanding Greene Sisters has a DSO of 20 days. The company’s average daily sales are $20,000. What is the level of its accounts receivables? Assume there are 365 days in a year. $20,000*20 days outstanding= AR $400,000 3-2 Debt Ratio Vigo Vacations has an equity multiplier of 2.5.
Total current liabilities significantly decreased from 31% to 26.3%. Long term debt had an increase from 27.9% to 28.5%. The equity structure has improved, but remains in the negative. The total shareholders’ deficit decreased from $4,239 in 2003 to $1,379 in 2004. Investors
Reporting Intercorporate Interests (Equity vs Cost Method) 1. On January 1, 2007, Rotor Corporation acquired 30 percent of Stator Company’s Stock for $150,000. On the acquisition date, Stator reported Net assets of $450,000 valued at historical cost and %500,000 stated at fair Value. The difference was due to the increased value of buildings with a remaining life of 15 years. During 2007 and 2008 Stator reported Net Income of $25,000 and $15,000 and paid dividends $10,000 and $12,000, respectively.
• $4,072. • $6,100. • $4,100. Multiple Choice Question 198 Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. Cash $1,500,000 Accounts Receivable 4,000,000 Trademarks 1,000,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 • $7,500,000.
A) 40% B) 5% C) 60% D) 25% 4. A retail company’s buying cost per unit is $ 27. Additional costs per unit are $ 5. At what price should the company sell each unit to achieve a profit that is 60% of total costs? A) $19.20 B) $ 32 C) $51.20 D) $43.20 5.
Saheed Olagunju Homework Wk2 FI515 Chapter 3-1 Days Sales Outstanding Greene Sisters has a DSO of 20 days. The company’s average daily sales are $20,000. What is the level of its accounts receivable? Assume there are 365 days in a year. Answer AR= 20x20000=400,000 3-2 Debt Ratio Vigo Vacations has an equity multiplier of 2.5.
Saheed Olagunju Homework Wk2 FI515 Chapter 3-1 Days Sales Outstanding Greene Sisters has a DSO of 20 days. The company’s average daily sales are $20,000. What is the level of its accounts receivable? Assume there are 365 days in a year. Answer AR= 20x20000=400,000 3-2 Debt Ratio Vigo Vacations has an equity multiplier of 2.5.
Answer the following questions. During the year, total liabilities increased $100,000 and stockholders' equity decreased $70,000. What is the amount of total assets at the end of the year? 4. 1500 As of December 31, 2014, Stoneland Company has assets of $3,500 and stockholders' equity of $2,000.
Start of year price = $12.00 ( 1.02 = $12.24 End of year price = $12.10 ( 0.93 = $11.25 Although NAV increased, the price of the fund fell by $0.99. Rate of return = [pic] = [pic]= 0.0417 = 4.17% b. An investor holding the same portfolio as the fund manager would have earned a rate of return based on the increase in the NAV of the portfolio: Rate of return = [pic] = [pic]= 0.1333 = 13.33% 9. a. Unit investment trusts: diversification from large-scale investing, lower transaction costs associated with large-scale trading, low management fees, predictable portfolio composition, guaranteed low portfolio turnover rate. b. Open-end funds: diversification from large-scale investing, lower