Lastly, the allowance for doubtful accounts looks pretty low. A/R goes up, but the allowance goes down? I need a separate workpaper (C-3) addressing the reasonableness of Apollo’s Allowance for Doubtful Accounts. You can specifically identify troubled accounts, look at subsequent cash collections, look at what Apollo’s competitors do, look at what Apollo has done in the past (bad debt expense as a % of sales, allowance for doubtful accounts as a % of total receivables) to develop your estimate of what should be in the allowance. Also consider current and previous A/R Turnover and Days’ Sales in A/R ratios.DW

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Lastly, a reflection: Target is a leader in CSR programs showcasing it’s responsibility from its marketing promotions to its annual reports. Target really does good. Yet, in the past few years the company has made massive governance blunders from cyberattacks to incompetent international business decisions. What advice would you give Target’s board with regards to its CSR programs in light of its apparent errors in general management?

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Last year the Chester company increased their equity. In 2010 their equity was $49,954. Last year (2011) it increased to $53,506. What are causes of change in equity? Check all that apply. Select: 3 A bond issue of$1,599. A change of plant and equipment of$10,100. Plant Improvements of $10,100 A change in short term debt of-$4,846. Profits of $11,411 A change in cash of -$4,052. Depreciation of -$38,653 Change in inventory of-$272. Issue and retirement of stock . An accounts payable change of$1,576. Dividend payment of$6,353.

Last year the Chester company increased their equity. In 2010 their equity was $49,954. Last year (2011) it increased to $53,506. What are causes of change in equity? Check all that apply. Select:…

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Last year Southern Chemicals had sales of $200,000, assets of $125,000, a profit margin of 5.15%, and an equity multiplier of 1.85. The CFO believes that the company could reduce its assets by $25,000 without affecting either sales or costs. Had it reduced its assets in this amount, and had the debt ratio, sales, and costs remained constant, by how much would the ROE have changed?

Last year Southern Chemicals had sales of $200,000, assets of $125,000, a profit margin of 5.15%, and an equity multiplier of 1.85. The CFO believes that the company could reduce its assets by…

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Last year’s freshman class at Big State University totaled 5,346 students. 01’ those. 1,262 received a merit scholarship to help offsettuition costs their freshman year {although the amount varied per student]. The amount a student received was M$3.443. $450]. If thecost of full tuition was $4,200 last year, what percentage of students who received a merit scholarship did not receive enough to cover full tuition? (Round your answer to the nearest IIlIlIhole percent.) Percentage of students %

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