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mihalych1998 [28]
2 years ago
12

Presented here is basic financial information (in millions) from the annual reports of Nike and Adidas.

Business
1 answer:
Zinaida [17]2 years ago
8 0

Answer and Explanation:

Nike

$18,627÷ ($2,494.7a+ $2,795.3b)/2

$18,627÷$2,645 = 7.0 times

Adidas

$10,299÷$1,415c+ $1,459d)/2

10,299÷$1 437= 7.2 times

2,566.2 – 71.5

b2,873.7 – 78.4

c1,527 – 112

d1,570 – 111

Average collection period

Nike

365÷7.0= 52.1 days

Adidas

365÷7.2

= 50.7 days

Therefore Adidas's accounts receivable turnover was about 3% higher [(7.2 – 7.0) ÷7.0] than that of Nike's, which simply means that Adidas was slightly more efficient than Nike in turning accounts receivable into cash.

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You are purchasing an equipment for $ 200,000 for your new store. Assume the store has no other expenses or revenues other than
djverab [1.8K]

Answer:

Negative cash balance of $210,000.

Explanation:

Given that,

cost of equipment = $200,000

Inventory purchased = $12,500

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Net cash flow at time zero:

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4 0
2 years ago
The following transactions are February activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northe
Greeley [361]

Answer:

A

cash        15,000 debit

accounts receivable 15,000 credit

B

cash            150 debit

   gift card liaiblity     150 credit

C

accounts receivable     4,000 debit

         services revenue           4,000 credit

D

cash           2,250 debit

       unearned revenue    2,250 credit

E

accounts receivable 125 debit

     service revenues            125 credit

Explanation:

A

we increase cash and decrease the customers accounts

B

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C

we recognize the revenue and increase our accounts receivable

D

as the colleciton is in advance the revenue is not earned. this is a liability as we now have the obligation to perform services in the near future

E

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3 0
2 years ago
How could the respective roles of these two labour organizations influence actions by other parties to address the concerns rais
Lapatulllka [165]

The correct answer to this open question is the following.

Unfortunately, you did not include the name of the two labor organizations. There is no further context, reference, text, or article.

However, trying to help you we can comment on the following.

Probably, you are referring to the Ontario Federation of Labor (OFL) and the Ontario Public ServiceEmployees Union (OPSEU).

If that is the case, we say that these two labor organizations have a major role in supporting the employees of Tim Horton's branches, after the response, they have taken in Ontario regarding the increase of the minimum wage in that Canadian province.

The power of these labor organizations created awareness of the employee's situation when different media channels covered the news about the demonstrations. This coverage was nationwide, alerting all Canadians about the situation in some branches of this famous and cherished Canadian fast-food restaurant.

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7 0
2 years ago
In which category do commodities belong?
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Answer:

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5 0
2 years ago
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Indigo Ink Supply paid a dividend of $4.5 last year on its common stock. It is expected that this dividend will grow at a rate o
Anestetic [448]

Answer:

D1 = $4.86

D2 = $5.25

D3 = $5.67

D4 = $6.12

D5 = $6.61

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Dividend paid by Indigo Ink Supply at year 0 = Do =  $4.5

Growth rate for the first five years = 8%

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The dividend paid out for the next six years are,

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D4 = $5.67(1+8%) = $6.12

D5 = $6.12(1+8%) = $6.61

D6 = $6.61(1+3.6%) = $6.85

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