The date of record (dividends) is the actual date on which a company will mail the dividend payment to the holders of record
Indicate whether the statement is true or false
FALSE
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Electronic payroll systems are more efficient than manual systems
Indicate whether the statement is true or false
Excerpts from Candle Corporation's most recent balance sheet (in thousands of dollars) appear below: Year 2Year 1Current assets: Cash$202? $100? Accounts receivable, net 232? 232? Inventory 182? 172? Prepaid expenses 132? 132? Total current assets$748? $636? Current liabilities: Accounts payable$242? $222? Accrued liabilities 72? 72? Notes payable, short term 132? 122? Total current liabilities$446? $416? Sales on account during the year totaled $1410 thousand. Cost of goods sold was $1010 thousand.Required:Compute the following for Year 2:a. Working capital. (Enter your answer in thousands of dollars, i.e., 100,000 should be entered as 100.)b. Current ratio. (Round your answer to 2 decimal
places.)c. Acid-test (quick) ratio. (Round your answer to 2 decimal places.)d. Accounts receivable turnover. (Round your answer to 2 decimal places.)e. Average collection period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.)f. Inventory turnover. (Round your answer to 2 decimal places.)g. Average sale period. (Use 365 days in a year. Round your intermediate calculations to 2 decimals places and your final answer to 1 decimal place.)a.Working capital??b.Current ratio??c.Acid-test ratio??d.Accounts receivable turnover??e.Average collection period?daysf.Inventory turnover??g.Average sale period?days What will be an ideal response?
Design, packaging, service, and features are elements of the ________ component of a company's marketing mix
A) product B) price C) promotion D) place E) people
The Fluffy Coin Laundry purchased new dryers for $112,000. Freight charges were $640, and installation amounted to $1,200. The dryers are expected to last 5 years and have a residual value of $4,000. The laundry elects to use the double-declining method of depreciation. What is the depreciation for year 2? (Round to the nearest dollar)
What will be an ideal response?