You are a Financial Manager for Dexter Manufacturing. Your sales were $1,000,000 in 2010, and $1,000,000 again in 2011. Your accounting department came to you recently and stated that the cash balance is much lower at the end of 2011 than it was in 2010. You calculate your Accounts Receivable and Inventory Turnover for 2011 and noticed that both of these ratios have DROPPED from 2010 to 2011! Describe in a couple paragraphs what has happened to Accounts Receivable and Inventory. Does this help explain why cash is running low in your opinion? What could you suggest to your management team to help improve these 2 ratios and to help increase cash?
In: Accounting
ROK Corporation had the following shares of stock outstanding on
December 31, 2010:
Common Stock, $25 par value, 200,000 shares outstanding
Preferred stock, 7%, $100 par value, cumulative, 20,000 shares
outstanding
Dividends were in arrears for 2008 and 2009. On December 31, 2010,
total cash dividends of $500,000 were declared.
1. What is the total amount of dividends payable to preferred
stockholders in 2010?
2. What is the total amount of dividends payable to common stockholders in 2010?
3. ROK Corporation issued $400,000 in Bonds Payable in exchange for a Building worth $400,000. What is the proper presentation on the Statement of Cash Flows for this transaction?
a. A cash outflow from investing activities of $400,000
b. A cash inflow from financing activities of $400,000
c. It should not be reported at all on the Statement of Cash Flows because it does not affect cash.
d. It should appear as a Non Cash and Investing Transaction at the end of the Statement of Cash Flows
In: Accounting
Data on the fuel economy of several 2010 model vehicles are given in the accompanying table. Complete parts (a) and (b) below.
|
Car |
mpg |
|
|---|---|---|
|
1 |
29 |
|
|
2 |
35 |
|
|
3 |
35 |
|
|
4 |
28 |
|
|
5 |
38 |
|
|
6 |
32 |
|
|
7 |
22 |
|
|
8 |
27 |
|
|
9 |
31 |
|
|
10 |
32 |
|
|
11 |
28 |
|
|
12 |
36 |
|
|
13 |
24 |
|
|
14 |
25 |
|
|
15 |
27 |
a) Find and interpret a 95% confidence interval for the gas mileage of 2010 vehicles. Select the correct choice below and fill in the answer boxes within your choice.
(Round to two decimal places as needed. Use ascending order.)
A.One is 95% confident that the true mean gas mileage for cars like the ones in the sample is between __ mpg and ___mpg.
B.The true mean gas mileage for cars like the ones in the sample is between ___mpg and ___mpg 95% of the time.
C.95% of all cars like the ones in the sample have gas mileages between ___mpg and ___ mpg
D.One is 95% confident that the gas mileage of a randomly selected car like the ones in the sample is between ___ mpg and ___ mpg
b) Does this confidence interval capture the mean gas mileage for all 2010 vehicles? Choose the correct answer below.
A.There is a 95% chance that this interval contains the true mean gas mileage for all 2010 vehicles.
B.Because the sample size is more than 10% of the population, the inferences drawn from the confidence interval are not valid.
C.Without knowing how the data were selected, one must be cautious about generalizing to all 2010 cars.
D.Assuming the population of 2010 gas mileages follows a Normal model, this confidence interval definitely captures the true mean.
In: Statistics and Probability
Discuss the pros and cons of litigation in medical malpractice. Also comment on some of the readings which detailed areas of innovation such as legislation that allows doctors to apologize without the apology being used as admission of guilt.
In: Nursing
Business Model Innovation: How Dollar Shave Club Disrupted Gillette . How was Gillette initially able to gain a competitive advantage? Was Gillette able to sustain its competitive advantage? If so, how?
In: Finance
Why is it important to balance chaos and order as well as evolution and revolution?
Identify three conditions that would need to be implemented (or have already been implemented) in your organization to create a culture of innovation and change.
In: Operations Management
Based on Sear's annual report and determine which kinds of goals, standards, or targets the organization is using to evaluate performance. How well is the organization doing when judged by the criteria of control, innovation, and efficiency?
In: Operations Management
Success stories of the adoption in the construction
industry
The explanation should be on based on the following
innovation:
a) Building Information Modelling (BIM)
b) 3D Printing
c) Robotics
d) Augmented reality
e) Drone
In: Civil Engineering
Which financial innovation allows banks to avoid reserve requirements and to pay interest on deposits?
| A. |
Money market funds |
|
| B. |
Sweep accounts |
|
| C. |
Both money market funds and sweep accounts |
In: Economics
From the Industrial Revolution to the present, innovation has played a major role in the growth of output. What do the leading analysts of economic growth argue were some of the most significant innovations of this period?
In: Economics