BURROW-A

Accounting 12

Year 1      Year 2     YR 1    YR2Sales (S)          $ 614,405.00      $ 600,343.00           Cost of Good Sold (COGS)          $ 385,101.00      $ 473,396.00           Gross Profit (GP)          $ 229,304.00      $ 226,947.00                                   Calculate the following: (round to nearest percent)          Answer     Answer(a) Mark-up percent for year 1        (b) Mark-up percent for year 2          (c) Gross Profit for year 1        (d) Gross Profit for year 2

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20.1 A business has compiled the following information for the year ended 31 October 20X2: 38 mins $ 386,200 989,000 422,700 Opening inventory Purchases Closing inventory The gross profit as a percentage of sales is always 40% Based on these figures, what is the sales revenue for the year? $952,500 $1,333,500 $1,587,500 A C $1.524.000

Year 0 1 2 3 4 Earning and FCF Forecast ($ million)           Sales 433 468 516 547 574.3 Growth Versus Prior Year   0.081 0.103 0.06 0.05 Cost of Goods Sold   -313.56 -345.72 -366.49 -384.78 Gross Profit   154.44 170.28 180.51 189.52 Selling, General, and Administrative   -93.6 -103.2 -109.4 -114.86 Depreciation   -7 -7.5 -9 -9.5 EBIT   53.84 59.58 62.11 65.16 Less: Income Tax at 25%   -13.46 -14.9 -15.53 -16.29 Plus: Depreciation   7 7.5 9 9.5 Less: Capital Expenditures   -7.7 -10 -9.9 -10.4 Less: Increase in NWC   -6.3 -8.64 -5.58 -4.91 Free Cash Flow   33.38 33.55 40.1 43.055   Sora Industries has 61 million outstanding​ shares, $122 million in​ debt, $53 million in​ cash, and the following projected free cash flow for the next four​ years:   . a. Suppose Sora​'s revenue and free cash flow are expected to grow at a 4.2% rate beyond year four. If Sora​'s weighted average cost of capital is 12.0%​, what is the value of Sora stock based on this​…

Current Year Preceding Year Sales $9,700,000   $7,175,000   Beginning inventories 420,000   400,000   Cost of goods sold 5,820,000   4,305,000   Ending inventories 550,000   420,000     a.   (1.) Determine for each year the inventory turnover. Round answers to one decimal place. Current year ? Preceding year ?         (2). Determine for each year the number of days' sales in inventory. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. Current year ? Preceding year ?   b.  What conclusions can be drawn from these data concerning the inventories? (sales volume increased faster than the inventory, resultung in an improving inventory position/inventory increased faster than sales colume, resulting in a deteriorating inventroy position/ no conclusion about the inventory position can be drawn from these data)

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C. Ksh 1,657,530 D. Ksh 2,499,000 The sales data (in units) of book store has been extracted for the three terms over 3 years as follows; \table[[, Term-, 1 Term-, 2 Term-], [2020, 4500, 3,000, 1,200], [2021, 6,000, 4, 200, 2, 400], [2022, 7, 800, 5, 400, 3, 600]] Required: Using multiplicative index, forecast sales for term - III (to the nearest 100) of the year 2023 given an annual sales forecast of 18,000 A. 3, 100 units B. 3,500 units C. 3,300 units D. 3,400 units

Required information For Year Ended December 31 Sales Cost of goods sold Other operating expenses Current Year $ 411, 225 209,550 12, 100 9,525 $ 673,500 642, 400 $31,100 $ 1.90 :. -. - == ....... 9 US Sa M

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Question 7 of 8 > -/ 30 Oak Ridge Corporation has accounts receivable of $95,500 at March 31, 2022. An analysis of the accounts shows these amounts. Balance, March 31 Month of Sale 2022 2021 March (current) $66,300 $76,200 February (1 - 30 days past due) 12,000 8,800 December and January (31 - 90 days past due) 9,300 2,700 (over 90 days past due) 7,900 1,200 $95,500 $88,900 Credit terms are n/30. At March 31, 2022, there is an unadjusted $2,200 credit balance in Allowance for Doubtful Accounts. The company uses the percentage of receivables by age category for estimating uncollectible accounts Oak Ridge's estimates of bad debts are as shown below. Estimated Percentage Age of Accounts Uncollectible Current 2% 1-30 days past due 5% 31-90 days past due 30% Over 90 days past due 50% Prepare an aging schedule to determine the total estimated uncollectibles accounts at March 31, 2022. III

QUESTION & 6 The following are estimated the estimated sales of a company for eight month Navember 30.2020 Escimated Sales (Units) Manth 12,000 April 13,000 May 9,000 June 8,000 July 10,000 August September 12,000 October 14,000 November 12,000 As a matter of policy, the company maintains the closing balance of finished goods and raw materials as follows Inventory Items Finished goods Ending Balance -50% of estimated sales of next month Raw materials --Estimated consumption for next month Every unit of production requires 2 kgs of raw materials costing Br, 5 per kg Prepare: Production budget company for the half year ending September 30,2020 (units) and raw material budget in (units and cost) of the QUESTION #-7 Financial ratios are the symptoms like the blood pressure, the pulse or the temperature of an individual. Explain. also name and explain in brief the common types of ratios used by business companies.

Assume the following sales data for a company: Year 2 $562,500 Year 1 $450,000 What is the percentage increase in sales from Year 1 to Year 2 (to the nearest whole percent)? O a. 20% O b. 125% О с. 25% O d. 80%

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3 Quarter e Cash B A SoGood Candy Company is evaluating its quarterly working capital needs. Using the information below, calcuate the working capital, permanent working capital, and temporary working capital needs for the company. Accounts Receivable Inventory Accounts Payable Working capital Permanent W/C Temporary W/C 1 708 450 650 900 1 2 3 Annual Percentage Rate(APR) 4 Effective Annual Rate (EAR) 2 890 750 550 850 3 670 1200 700 1000 4 1250 800 400 1145 To meet the needs of temporary working capital, SoGood Candy Company has decided to issue commercial paper which will mature in 8 months. The commercial paper was issued for 1.6 millin and Othey received 1.5 million. What is the effective annual rate that they will pay for this loan?

Problem 13-02A (Video) The comparative statements of Cullumber Company are presented here: Cullumber CompanyIncome StatementsFor the Years Ended December 31     2020   2019 Net sales   $1,891,640   $1,751,600 Cost of goods sold   1,059,640   1,007,100 Gross profit   832,000   744,500 Selling and administrative expenses   501,100   480,100 Income from operations   330,900   264,400 Other expenses and losses            Interest expense   23,700   21,700 Income before income taxes   307,200   242,700 Income tax expense   93,700   74,700 Net income   $213,500   $168,000 Cullumber CompanyBalance SheetsDecember 31 Assets   2020   2019 Current assets            Cash   $60,100   $64,200    Debt investments (short-term)   74,000   50,000    Accounts receivable   118,900   103,900    Inventory   127,700   117,200      Total current assets   380,700   335,300 Plant assets (net)…

B ch01 (Fall 2021 w https://education.wiley. B Present Value Tables (1. Final Exam (Fall 2020) - Final Exam (Fall 2020) -/6 Question 24 of 50 View Policies Current Attempt in Progress Sheridan Manufacturing Company expects the following sales in January, February, and March: Cash Credit Sales Sales $50900 $250500 January February $45900 $240500 March $85000 $325000 The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale, 5% in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from customers in March? O $352150 O $364675 O $410000 O $279675 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air esc 888 FT F2 F3 F4 F5 F6 F7 F8 @ # 2$ 4 & * 6. 7 8. Q W