Well you can ask yourself which of these answers have to do with having a flexible mind. I would say having a flexible mind
helps you become a team player
because in order to work with other people you must have a flexible mind.
Explanation:
The computation is shown below
The length of the cash conversion cycle is
= Inventory conversion period + average collection period - payable deferral period
= 64 days + 28 days - 41 days
= 51 days
Now the investment in account receivable is
= $2,578,235 ÷ 365 ÷ 28 days
= $197,782.411
And, the inventory turnover ratio is
Inventory turnover ratio = Sales ÷ inventory
where,
Sales = $2,578,235
And, the inventory is
75 = Inventory ÷ [(0.75 × $2,578,235) ÷ 365]
So, the inventory is $397,330.736
Now the inventory turnover ratio is
= $257,8235 ÷ $397,330.736
= 6.488 times
Answer:
Lester Company
The accumulated depreciation amounts for buildings $35,000 and for equipment $60,000 were obtained as the differences between the costs and the book values of the assets. The cost of a long-term asset is usually reduced to its book value by the total amount in the accumulated depreciation account. The accumulated depreciation account shows the progressive amounts set aside annually as a write-off of the asset, showing its use over the period in accordance with the accrual concept and matching principle. The accrual concept and matching principle require cost to be matched to the revenue it helps to generate.
Explanation:
Transferred Assets:
Cost Book Value Difference Explanation
Cash $40,000 $40,000 $0
Accounts Receivable 75,000 68,000 $7,000 (doubtful accounts)
Inventory 50,000 50,000 $0
Land 35,000 35,000 $0
Buildings 160,000 125,000 $35,000 (depreciation)
Equipment 240,000 180,000 $60,000 (depreciation)
Explanation:
A corporate benefits plan is used as a relevant tool for the company to prepare for business and organize itself more strategically in the market.
For example, an employee benefit plan can offer several additional advantages that justify the company's mission and values of exercising corporate governance that prioritize the well-being of its employees. By offering advantages such as a health plan, the company consequently increases the incentive to work, motivates employees and becomes an attractive strategy for attracting good professionals in the market.
Answer:
Option 1 is wrong because in the case of multi-product, breakeven is weighted average which means the sales price will weighted average of sale prices of all the multi-products in the sales mix. If we change the weightings the weighted average costs and selling prices changes and so the contribution changes.
Option 2 is also sligthly wrong because Contribution margin per composite unit decreases if the volume of low contribution margin products increases in the sales mix. This means:
Breakeven Point=Fixed Cost/ Contribution per unit.........equartion 1
If the contribution per unit has been decreased the breakeven will rise.
Its impact depends upon the portfolio of products company is managing. It means it increases breakeven with high effects if the products in sales mix 2 to 3.
Option 3 is 100% right because equation 1 is
Breakeven Point=Fixed Cost/ Contribution per unit
Which says
If the contribution per unit has been decreased the breakeven will rise.
Option 4 is absolutely wrong because if we shift to higher volume in low contribution margin products, Contribution margin per composite unit decreases if the volume of low contribution margin products increases
which means Weighted average contribution has been decreased and as a result breakeven point according to equation 1 has been incresed.
