Total asset turnover for SciTronics in 2008 can be calculated by dividing $ 244,000 into $ 159,000. The turnover deteriorated from 1.58 times in 2005 to 1.53 times in 2008. 2. SciTronics had $ 66,000 in accounts receivables at year/end 2008. Its average sales per day were $ 668.49 during 2008 and its average collection period was 99 days.
1. If you wish to accumulate $140,000 in 13 years, how much must you deposit today in an account that pays an annual interest rate of 14%? 2. What will $247,000 grow to be in 9 years if it is invested today in an account with an annual interest rate of 11%? 3.
Question : (TCO 4) Which of the following groups is not among the external users for whom financial statements are prepared? Customers Suppliers Employees All of the above are external users of financial statements. (TCO 5) Misty Company reported the following before-tax items during the current year: Misty’s effective tax rate is 40% and there were 1,000 shares of common stock outstanding. What would be Misty’s income before extraordinary item(s)? Question 2.
Explain. 17. Reports from a new system set up to monitor Internet use by company employees indicate that 145 out of a random sample of 1100 employees at a corporation accessed internet sites that were clearly not related to their jobs over the last week. On average, employees who accessed non job related sites spent 4.8 hours per week at such sites with a standard deviation of 2.1 hours a. Give a 95% confidence interval for the percentage of employees at the
• Prepaid expenses increased $150,000 during the year. • Accounts payable to suppliers of merchandise decreased $340,000 during the year. • Accrued expenses payable decreased $100,000 during the year. • Operating expenses include depreciation expense of $70,000. Instructions Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2015, for Whitlock Company, using the indirect method.
In 2000, nine of every ten dollars raised by foreign companies were raised in the United States. In 2005, nine of the ten largest offerings were not registered in the United States, and, of the largest twenty-five global offering, only one took place in the US. The number of public companies going private increased from 143 in 2001 to 245 in 2004. Sarbanes Oxley is a, if not the, major reason companies are fleeing America’s capital markets. Furthermore, according to some estimates, Sarbanes Oxley has cost the very investors the law claims to protect at least $1.4 trillion.
The per capita income for the county was $16,451. About 13.00% of families and 15.90% of the population were below the poverty line, including 21.00% of those under age 18 and 17.60% of those ages 65 or over.” ("Dyer County," n.d., para. 3) In review of Dyer County public records on the unemployment rate for the
Evidence of the is in the study done by Brookings Institute stating: In 1929 the top. 1% of Americans had a combined income equal to the bottom 42%. That same top .1% also controlled 34% of all savings, while 80% of Americans had no savings at all. An example of the unequal distribution between the rich and the middle-class is Henry Ford who reported a personal income of $14 million. In that same year the average yearly income for was $750!
$9.04 is the highest and 5.15 is the lowest recorded state wage as of January 1st 2012. Australia's minimum wage average is $15.51 per hour or $589.30 per week. More than double America's national average minimum wage. They have laws and regulations that force their company owners and corporations to invest a certain percentage of company profits back into their workers' wages. If Americans were making 15$ for minimum
A. $149,500 B. $287,600 C. $334,100 D. $380,211 E. $1,164,100 Marginal total revenue = 10,000 ( ($14.95 + $18.46) = $334,100 AACSB: Analytic Bloom's: Application Difficulty: Basic EOC #: 11-2 Learning Objective: 11-3 Section: 11.3 Topic: Marginal cost 96. We are evaluating a project that costs $854,000, has a 15-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project.