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Question
The following current year information is available from a manufacturing company:
| Sales | $640,000 |
| Gross profit on sales | 276,000 |
| Operating income | 64,000 |
| Income before taxes | 44,000 |
| Net income | 33,600 |
| Accounts receivable, beginning-year | 58,000 |
| Accounts receivable, end-of-year | 70,000 |
Calculate the company's accounts receivable turnover and its days' sales uncollected.
Answer
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Related questions
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Q:
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C. It does not matter because both alternatives have the same result.
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E. Throw the units away.
Q:
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Q:
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Q:
Periods
12 Percent 1
8929 2
1.6901 3
2.4018 4
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A. $78,210
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Q:
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B. It includes the time value of money.
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Q:
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Q:
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Q:
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Q:
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$62 Variable costs per unit
42
25 A. 15,000 croquet sets.
B. 12,000 volleyball games.
C. 4,000 croquet sets and 10,000 volleyball games.
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Q:
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76 A. Both product A and product B should be processed further.
B. Neither product A nor product B should be processed further.
C. Only product B should be processed further.
D. Only product A should be processed further.
E. A processing further decision cannot be made from the available data.
Q:
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A. Income will decrease by $7 per unit.
B. Income will increase by $7 per unit.
C. Income will increase by $12 per unit.
D. Income will decrease by $12 per unit.
E. Income will increase by $10 per unit.
Q:
A company expects to produce and sell 7,000 units of a single product. The following additional company information is available: Variable costs (per unit) Production costs
$20 Nonproduction costs
$3 Fixed costs (in total) Overhead
$175,000 Nonproduction
$14,000 Compute this companys total cost per unit.
A. $23
B. $45
C. $27
D. $50
E. $5
Q:
Assume markup percentage equals desired profit divided by total costs. What is the correct calculation to determine the dollar amount of the markup per unit?
A. Total cost times markup percentage.
B. Total cost per unit times markup percentage per unit.
C. Total cost per unit divided by markup percentage per unit.
D. Markup percentage per unit divided by total cost per unit.
E. Markup percentage divided by total cost.
Q:
Capital budgeting decisions are generally based on:
A. Tentative predictions of future outcomes.
B. Perfect predictions of future outcomes.
C. Results from past outcomes only.
D. Results from current outcomes only.
E. Speculation of interest rates and economic performance only.
Q:
If net present values are used to evaluate two investments that have equal costs and equal total cash flows, the one with more cash flows in the early years has the higher net present value.