answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rama09 [41]
1 year ago
10

excerpts from hulkster company's december 31, 2021 and 2020, financial statements are presented below: 2021 2020 accounts receiv

able $ 60,000 $ 46,000 merchandise inventory 38,000 55,000 net sales 212,000 200,000 cost of goods sold 134,000 118,000 total assets 445,000 415,000 total shareholders' equity 260,000 235,000 net income 47,500 38,000 Hulkster's 2021 receivables turnover is: (Round your answer to 2 decimal places.) Multiple Choice o О 2.23. o 337. o 04.00. c 742.
Business
1 answer:
elena-14-01-66 [18.8K]1 year ago
3 0

Answer:

2.00 times

Explanation:

The computation of receivables turnover ratio is shown below:-

Receivable turnover ratio = Net Sales ÷ (Beginning receivables + Ending receivables) ÷ 2

= $212,000 ÷ ($60,000 + $46,000)

= $212,000 ÷ $106,000

= 2.00 times

Therefore, for computing the receivable turnover ratio of 2021 we simply applied the above formula and as per the question the option is not available.

You might be interested in
Great Western Southern purchased $525,000 of equipment four years ago. The equipment is seven-year MACRS property. The firm is s
tester [92]

Answer: $153,782.70

Explanation:

The MACRS allowance percentages are as follows, commencing with Year 1: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent.

In 4 years, the depreciation would be:

= Cost price * (4 year deprecation)

= 525,000 * (14.29% + 24.49% + 17.49% + 12.49%)

= $360,990

Book value :

= 525,000 - 360,990

= $164,010

Gain (loss) = Sale price - Book value

= 150,000 - 164,010

= ($14,010)

Tax payable = (14,010) * 27%

= ($3,782.70)

After-tax cash flow:

= Selling price - Taxes

= 150,000 - (-3,782.70)

= $153,782.70

<em>Note: If there are options, beware of rounding errors and pick nearest option. </em>

6 0
1 year ago
A visually evident condition that should alert a reasonably diligent real estate agent as to a problem is commonly referred to a
deff fn [24]

The answer that is being depicted above is red flag. This is a process or a way of having to provide reasonable explanation or to alert an individual when there is a problem that is present in means of having to let them know about it.

4 0
1 year ago
When asked about those people who say his Sriracha sauce is too spicy, David Tran jokingly suggests the "use less" of the produc
just olya [345]

Answer:

An Undifferentiated Approach.

Explanation:

While dealing specifically with the marketing mix (product, price, place, promotion), an undifferentiated approach particularly refers to the situation when an organization provides its customers and market with the same product and offers even without considering the different needs and wants of different customer segments. Organization do not do segmentation and targeting, they believe that one single undifferentiated offer will fulfill the needs of their customers quite effectively.

4 0
1 year ago
Read 2 more answers
Acme LLC has already paid $10,000,000 in Research &amp; Development costs. Unfortunately, times have changed. Since they started
nika2105 [10]

Answer:

he best course of action for Acme to take would be to produce the 1,000,000 products as the accountants have stated

Explanation:

Based on the information provided, the best course of action for Acme to take would be to produce the 1,000,000 products as the accountants have stated. From solely taking into account the fixed costs of producing the products, if the company were to produce the desired amount and sell them they would recover a total of 8,000,000 from the costs that they have incurred in Research & Development. This is not taking into account the variable costs that may be incurred, still, they recover much of what they have already spent.

8 0
2 years ago
(18.20) the coach of a college men's soccer team records the resting heart rates of the 27 team members. you should not trust a
drek231 [11]

Answer:

Explanation:

The coach of a college men’s soccer team records the resting heart rates of the 27 team members. You should not trust a confidence interval for the mean resting heart rate of all male students at this college based on these data because;

(a) with only 27 observations, the margin of error will be large.

(b) heart rates may not have a Normal distribution.

(c) the members of the soccer team can’t be considered a random sample of all students.

7 0
2 years ago
Other questions:
  • Anwar dresses for a cold fall day and steps outside to find it sunny and hot. he goes back inside to change out of his sweater a
    9·1 answer
  • A microeconomist wants to determine how corporate sales are influenced by capital and wage spending by companies. She proceeds t
    14·1 answer
  • How much would an investor be willing to pay for an investment which promises to pay $200 per year in perpetuity if the investor
    14·1 answer
  • What are the three most prominent factors that contribute to building confidence?
    13·2 answers
  • Jasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% are for cash. Credit sal
    9·1 answer
  • Compuvac Company has just completed its first pass forecast using the projected balance sheet method. need a total of 13,050,00
    11·1 answer
  • During the current year, Chudrick Corporation expects to produce 10,000 units and has budgeted the following: net income $300,00
    10·1 answer
  • A commuter bus company uses two measures of activity, routes and commuters, in the cost formulas in its budgets and performance
    13·1 answer
  • Railway Cabooses just paid its annual dividend of $4.70 per share. The company has been reducing the dividends by 12.8 percent e
    9·1 answer
  • In Draco Corporation’s first year of business, the following transactions affected its equity accounts. Issued 6,400 shares of $
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!