The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents$10,019?Accounts receivable 78,422?Merchandise inventories 68,362?Prepaid expenses 5700?Accounts payable$16,550?Notes payable 94,638?Other current liabilities 11,100?If net sales for the current year were $603,500, the firm's days' sales uncollected for the year is: (Use 365 days a year.)
A. 79.7 days
B. 69.5 days
C. 47.4 days
D. 41.3 days
E. 159.4 days
Answer: C
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Mr. T invested $20,000 in cash into his business. This transaction would
a. increase assets and decrease owner's equity; b. decrease assets and increase owner's equity; c. decrease assets and decrease liabilities; d. increase assets and increase owner's equity; e. none of these
A(n) ________ is an internal corporate communication network that uses Internet technology to link company departments, employees, and databases
A) social network B) affiliate program C) horizontal user network D) intranet E) marketing decision support system
Random samples of size 400 are taken from an infinite population whose population proportion is 0.2. The mean and standard deviation of the sample proportion are
A. 0.2 and .04. B. 0.2 and 0.02. C. 20 and .04. D. 20 and 0.02.
Division A produces a part with the following characteristics: Capacity in units 50,000 Selling price per unit$30 Variable cost per unit$18 Fixed cost per unit$3 Division B, another division in the company, would like to buy this part from Division A. Division B is presently purchasing the part from an outside source at $28 per unit. If Division A sells to Division B, $1 in variable costs can be avoided. Suppose Division A is currently operating at capacity and can sell all of the units it produces on the outside market for its usual selling price. From the point of view of Division A, any sales to Division B should be priced no lower than:
A. $27 B. $28 C. $29 D. $21 E. $20