Networks may be used to represent assignment problems
Indicate whether this statement is true or false.
Answer: TRUE
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Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO. DateActivitiesUnits Acquired at CostUnits Sold at RetailMay 1Beginning Inventory160 units @ $11 5Purchase225 units @ $13 10Sales 145 units @ $2115Purchase105 units @ $14 24Sales 95 units @ $22
A. $3240 B. $3355 C. $2940 D. $2800 E. $3215
In a Chapter 11 case, the debtor usually continues to operate the business as a
debtor-in-possession. Indicate whether the statement is true or false
What are the four components of positive psychological capital? How is each component defined?
What will be an ideal response?
Jordan Inc has the following balance sheet and income statement data: Cash$14,000 Accounts payable$42,000 Receivables70,000 Other current liabilities28,000 Inventories280,000 Total CL$70,000 Total CA$364,000 Long-term debt140,000 Net fixed assets126,000 Common equity280,000 Total assets$490,000 Total liab. and equity$490,000 Sales$280,000 Net income21,000 ? The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry average, 2.15, without affecting either sales or net income. Assuming that inventories are sold off and not replaced to get the current ratio to the target level, and that the funds generated are used to buy back common stock at book value, by how much would the ROE change? Do
not round your intermediate calculations. A. 29.38% B. 19.50% C. 29.86% D. 25.04% E. 24.08%