The following annual account balances are from Armour Sports at December 31.Accounts receivableNet salesYear 2$ 10,753143,015Year 1$ 53,735624,463a. Complete the below table to calculate the number of days' sales uncollected for the Year 1 and Year 2.Note: Do not round intermediate calculations. Round your "Days' Sales Uncollected" to 1 decimal place.Year 2:Year 1:Days' Sales UncollectedChoose Numerator:Choose Denominator:xDays== Days' Sales UncollectedxDays' sales uncollectedx=daysdays

given:Year 2Accounts receivable: $10,753Net Sales: 143,015Year 1Accounts receivable: $53,735Net…

Answered: The following annual account balances…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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I posted this question and it's been 18 hours that it still hasn't been answered. I only need the last two questions please (:
The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) $1,826,200 Liabilities: Current liabilities $160,000 Note payable, 6%, due in 15 years 794,000 Total liabilities $954,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) $715,500 Common stock, $10 par (no change during year) 715,500 Retained earnings: Balance, beginning of year $764,000 Net income 359,000 $1,123,000 Preferred dividends $14,310 Common dividends 154,690 169,000 Balance, end of year 954,000 Total stockholders' equity $2,385,000 Sales $16,603,050 Interest expense $47,640 Assuming that total assets were $3,172,000 at the beginning of the current fiscal year, determine the following: When required, round to one decimal place. a. Ratio of fixed assets to long-term liabilities b. Ratio of liabilities to stockholders' equity c. Asset turnover d. Return on total assets e. Return on stockholders' equity % f.…
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Convert TJX's 2019 and 2018 income statement to component percentages, and analyze vertically. Round percentages to hundredths of a percent. Component Percentages (in thousands) Year Ended 2/2/2019 Year Ended 2/3/2018 Net sales 38,972,934 ? 35,864,664 ? Cost of sales 27,831,177 ? 25,502,167 ? Selling, G&A expenses 6,923,564 ? 6,375,071 ? Impairment of goodwill & other n/a 99,250 ? LTA Pension settlement charge 36,122 ? n/a Interest expense, net 8,860 ? 31,588 ? Income before provision for 4,173,211 ? 3,856,588 ~. ? income taxes Provision for income taxes 1,113,413 ? 1,248,640 ? Income before provision for 3,059,798 ? 2,607,948 ? income taxes
On December 31, 2019, the unadjusted trial balance of Tarzwell Services showed the following balances: Accounts receivable Allowance for doubtful accounts Sales $200,000 1,000 Cr. 700,000 The business has given up trying to collect $5,000 of its accounts receivable but has not yet recorded the write-off entry. The firm uses the allowance method to estimate bad-debt expense. Required a) Provide the entry for the write-off. b) If the firm uses the percent-of-sales allowance method for recording bad-debt expense, and has experienced an average 6% rate of non-collection based on sales, provide the entry to record bad-debt expense for 2019. c) Assume that after the firm recorded the $5,000 of write-offs, it determined that 18% of its remaining accounts receivable will be uncollectible under the aging method. Provide the entry to record bad-debt expense. Don't give answer in image format
Tropical Seafoods is a small new restaurant that has opened in town. Sales have been steadily increasing as “word of mouth” has spread through the capital. In its first 12 weeks, sales at Tropical Seafoods (in $ 1000s) havebeen: WEEK SALES 1 18 2 22 3 26 4 24 5 28 6 32 7 32 8 40 9 38 10 42 11 40 12 46 1. Using a weighted moving average with three periods, determine the sales for period 13. Use 3, 2, and 1 for the weights of the most recent, second most recent, and third most recent periods, respectively2. Find the MAD, MSE and MAPE 3. Use exponential smoothing with a smoothing constant of 0.50 to forecast the sales (Assume that last period’s forecast for period 1 is equal to actual to begin the procedure (Ft1=Yt1). Which method do you think is best? Is this an improvement over the weighted average- use MAD only
1i- Please solve this question. Thanks
Sales of Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years (see table below). Year 1 2 3 4 5 Sales 460 502 520 575 575 a) Forecasted sales for year 6 using the trend projection (linear regression) method are sales (round your response to one decimal place).
Develop a portfolio classification of Brenda’s 18 new accounts. What is your assessment of the allocation of sales calls made by Brenda’s predecessor over the previous year?
Tutoring Service Moss Academy offers academic hlp for emelmetary, middle and high school children, The business provides supplies needed as apart of the tutoring service monthly fee: Describe how you plan to structure extension of credit to your customers to ensure the most protection for your company in the event the customer falls behind on payments or files for bankruptcy. Assume that your business will offer some type of credit arrangements even if you do not have plans to offer the credit option. What type(s) of insurance policies will you need for your business? Identify a company located in your state that can supply at least one of the insurance policies you will need.
Which of the following scenarios is the most credible forecast over the next decade. (Choose ONLY 1 Scenario). Why? Globalization of Business is Inevitable IB Growth that is Less Global Globalization and IB will Slow
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