Questions
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2×...
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.2×
Days sales outstanding: 36.5 daysa
Inventory turnover ratio: 5×
Fixed assets turnover: 2.5×
Current ratio: 2.0×
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
15%
aCalculation is based on a 365-day year.
Do not round intermediate calculations. Round your answers to the nearest dollar.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 36,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 60,000 | ||
| Total assets | $240,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4×...
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.4×
Days sales outstanding: 36.5 daysa
Inventory turnover ratio: 5×
Fixed assets turnover: 2.5×
Current ratio: 2.0×
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
35%
aCalculation is based on a 365-day year.
Do not round intermediate calculations. Round your answers to the nearest dollar.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 78,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 136,500 | ||
| Total assets | $390,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Accounting
4.13 Complete the balance sheet and sales information using the following financial data: Total assets turnover:...
4.13
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.3×
Days sales outstanding: 36.5 daysa
Inventory turnover ratio: 4×
Fixed assets turnover: 3.0×
Current ratio: 2.0×
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
35%
aCalculation is based on a 365-day year.
Do not round intermediate calculations. Round your answers to the nearest dollar.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 40,500 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 94,500 | ||
| Total assets | $270,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1×...
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1×
Days sales outstanding: 73.0 daysa
Inventory turnover ratio: 4×
Fixed assets turnover: 3.0×
Current ratio: 2.0×
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
aCalculation is based on a 365-day year.
Do not round intermediate calculations. Round your answers to the nearest dollar.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 48,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 60,000 | ||
| Total assets | $240,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x...
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Complete the balance sheet and sales information using the
following financial data:
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In: Finance
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x...
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.2x
Days sales outstanding: 31.5 daysa
Inventory turnover ratio: 5x
Fixed assets turnover: 2.5x
Current ratio: 2.1x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
30%
aCalculation is based on a 365-day year. Do not round
intermediate calculations. Round your answer to the nearest
cent.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 62,500 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 75,000 | ||
| Total assets | $250,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
4.13 Complete the balance sheet and sales information using the following financial data: Total assets turnover:...
4.13
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.2×
Days sales outstanding: 73.0 daysa
Inventory turnover ratio: 5×
Fixed assets turnover: 2.5×
Current ratio: 2.0×
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
25%
aCalculation is based on a 365-day year.
Do not round intermediate calculations. Round your answers to the nearest dollar.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 42,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 63,000 | ||
| Total assets | $210,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
4.13 Complete the balance sheet and sales information using the following financial data: Total assets turnover:...
4.13
|
Complete the balance sheet and sales information using the
following financial data: Do not round intermediate calculations. Round your answers to the nearest dollar.
|
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In: Finance
Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4×...
Complete the balance sheet and sales information using the
following financial data:
Total assets turnover: 1.4×
Days sales outstanding: 36.5 daysa
Inventory turnover ratio: 5×
Fixed assets turnover: 3.0×
Current ratio: 2.5×
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
aCalculation is based on a 365-day year.
Do not round intermediate calculations. Round your answers to the nearest dollar.
| Balance Sheet | ||||
| Cash | $ | Current liabilities | $ | |
| Accounts receivable | Long-term debt | 54,000 | ||
| Inventories | Common stock | |||
| Fixed assets | Retained earnings | 126,000 | ||
| Total assets | $360,000 | Total liabilities and equity | $ | |
| Sales | $ | Cost of goods sold | $ | |
In: Finance
9. Regulating a natural monopoly Consider the local telephone company, a natural monopoly. The following graph...
9. Regulating a natural monopoly
Consider the local telephone company, a natural monopoly. The following graph shows the monthly demand curve for phone services and the company's marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves.
Suppose that the government has decided not to regulate this industry, and the firm is free to maximize profits, without constraints.
Complete the first row of the following table.
Suppose that the government forces the monopolist to set the price equal to marginal cost.
Complete the second row of the previous table.
Suppose that the government forces the monopolist to set the price equal to average total cost.
Complete the third row of the previous table.
Under average-cost pricing, the government will raise the price of output whenever a firm's costs increase, and lower the price whenever a firm's costs decrease. Over time, under the average-cost pricing policy, what will the local telephone company most likely do?
Allow its costs to increase
Work to decrease its costs
In: Economics