Gold Clothing Store had a balance in the Accounts Receivable account of $810,000 at the beginning of the year and a balance of $850,000 at the end of the year. Net credit sales during the year amounted to $6,640,000. The average collection period of the receivables in terms of days was
Gonzalez electric company has outstanding a 10 percent bond issue with a face value of 1000 per bond and three years to maturity.interest is payable annually.The bonds are private held by suresafe fire insurance company. Suresafe wishes to sell the bonds,and is negotiating with another party.It estimates that,in current market conditions,the bonds should provide a (nominal annual) return of 14 percent.What price per bond should Suresafe be able to realize on the sale?
Gone fishing…….Individual Assignment #1
Mark Martinko is currently considering the possibility of developing manufacturing facilities to produce a new type of fishing pole. The fishing pole would have a price of $8.00. Mark estimates that the fixed cost could range anywhere from $10,000 to $11,000, the variable cost could range from $4.00 to $6.00, and the volume could range anywhere from 4,000 to 6,000 units. Unfortunately, Mark has no idea what the fixed cost, variable cost, or the volume would be. Therefore, he would like to try several different conditions to see what effect these conditions would have on the break-even point in units and the overall profitability.
For the first condition, Mark would like to use a fixed cost of $10,000, a variable cost of $4.00 per unit, and a volume of 4,000 units sold. The second condition should have a fixed cost of $10,000, a variable cost of $5.00 and a volume of 4,000. The third condition Mark would like to test, has a fixed cost, again, of $10,000, but the variable cost has increased to $6.00, while the volume remains at 4,000 units. For the fourth, fifth, and sixth conditions, Mark would like to hold the fixed cost equal to $11,000 and the total units sold equal to 4,000 units. For the fourth condition, variable costs should start $4.00.
For the fifth condition, variable cost should be $5.00, and for the sixth condition, variable costs should be $6.00. For the seventh, eighth, and ninth conditions that Mark would like to test, he would like to hold fixed costs at $10,000 and increase the units to sold to 6,000. For the seventh condition, variable costs should start at $4.00. For the eighth condition, variable costs should be $5.00, and for the ninth condition, variable costs should be $6.00. For the final three conditions that Mark would like to test, conditions 10, 11, and 12, he would like to hold fixed costs equal to $11,000 and the number of units sold equal to 6,000. For the tenth condition, variable costs should again start at $4.00 per unit. For the eleventh condition, variable cost should be equal to $5.00 per unit, and for the twelfth condition, variable cost should be equal to $6.00 per unit.
Using a table (MS Excel) with each row representing a different alternative, Mark would like you to determine:
1. The breakeven point in units for each of the twelve scenarios
2. The profit for each of the twelve scenarios
3. The alternative that will give Mark the best overall profitability. Indicate your answer by highlighting the box.
GoLite was founded in 1998 to design and manufacture a wide range of outdoor activity products including light and ultra-light clothing, footwear, backpacks, tents, sleeping bags and accessories. Products were sold in over 20 countries throughout the world. From its inception GoLite was viewed as catalyst for the introduction of ultralight backpacking products and the overall move towards lighter gear from other outdoor manufacturers.
GoLite always had at its core a philosophy of environmental and social responsibility and humanitarian outreach. In 2008, GoLite became one of the first businesses in the world – and the first outdoor brand – to be certified as a B Corporation by B-Lab1. In 2010, GoLite became one of a handful of global brands to release a sustainability report rated at the A+ verification level by the Global Reporting Initiative.
However during its second decade in business GoLite ran into financial difficulties and in October 2014 the business filed for Chapter 11 bankruptcy protection and was fully liquidated.
In May 2018, GoLite relaunched under new ownership that has promised to honour and extend the original brand’s social responsibility legacy in far-reaching ways. The new GoLite mission is to pair powerful humanitarian and environmental initiatives with an earth-friendly clothing collection that links outdoor performance and athletic functionality.
GoLite aims to produce sustainable performance products that enable active explorers to do more in the outdoors with less. However this is not the only focus of the new GoLite. While not forgetting that it is a for-profit organisation, GoLite’s new business model2 focuses on two additional key outcomes 1) manufacture products that have minimal impact on the planet is and 2) pursue a mission to leverage product sales – along with new company resources, materials, processes and partnerships – to power charitable and environmental impact.
GoLite has developed a comprehensive website which outlines its new mission and business model. The website can be found at https://golite.com/.
Goldfarb’s Book and Music Store has two service departments, Warehouse and Data Center. Warehouse Department costs of $370,000 are allocated on the basis of budgeted warehouse-hours. Data Center Department costs of $180,000 are allocated based on the number of computer log-on hours. The costs of operating departments Music and Books are $137,500 and $165,000, respectively. Data on budgeted warehouse-hours and number of computer log-on hours are as follows:
Production
Support Departments Departments
Warehouse Department
Data Center Department
Music
Books
Budgeted costs
$370,000
$180,000
$137,500
$165,000
Budgeted warehouse-hours
NA
500
1050
1520
Number of computer hours
210
NA
900
1040
Using the direct method, what amount of Data Center Department costs will be allocated to Department Music? (Do not round any intermediary calculations.)
A. $75,349
B. $96,495
C. $83,505
D. $180,000
Good cash management is an essential job of the financial manager! You own a small auto sales business called King Kars. You stock up on inventory in February, April, June, and September. Your annual cash budget indicates that your MONTHLY NET CASH for the year will be the following:
JAN $5,000
FEB -$30,000
MAR $20,000
APRIL -$35,000
MAY $25,000
JUNE -$10,000
JULY $25,000
AUG $25,000
SEPT -$30,000
OCT $15,000
NOV $15,000
DEC $25,000
You begin the year with a cash balance of $50,000, and the minimum cash balance desired must be $50,000 every month. Create a cash flow summary and external financing summary as noted in the Excel spreadsheet assigned to this submission.
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I want some assistance with this assignment. It ‘s for my statistics class. The assignment is for Hypothesis Testing Project. A file is attached.
Thank you
Good afternoon. you helped me a great deal in the past and I promised you more business. I need help with the following.
CVP Analysis and Special DecisionsSweet Grove Citrus Company buys a variety of citrus fruit from growers and then processes the fruit into a product line of fresh fruit, juices, and fruit flavorings. The most recent year’s sales rev-enue was $4,200,000. Variable costs were 60 percent of sales and fixed costs totaled $1,300,000.Sweet Grove is evaluating two alternatives designed to enhance profitability.• One staff member has proposed that Sweet Grove purchase more automated processing equip-ment. This strategy would increase xed costs by $300,000 but decrease variable costs to 54percent of sales.• Another staff member has suggested that Sweet Grove rely more on outsourcing for fruit pro-cessing. This would reduce xed costs by $300,000 but increase variable costs to 65 percentof sales.Requireda. What is the current break-even point in sales dollars?b. Assuming an income tax rate of 34 percent, what dollar sales volume is currently required toobtain an after-tax profit of $500,000?c. In the absence of income taxes, at what sales volume will both alternatives (automation andoutsourcing) provide the same profit?d. Briefly describe one strength and one weakness of both the automation and the outsourcingalternatives.
Good AfternoonWhat’s the best way to begin to understand the meaning of meaning? Particularly Wittgenstein’s work. I’m currently studying Wittgenstein through the Pathways program via Online. The university of London.ThanksMichael
Insert Surname 1Student NameTutorCourseDateUnderstanding the Meaning of Meaning According to Wittgenstein’s WorkLudwig Wittgenstein is among the 20th century philosophers who made great…
Good afternoon Tutor,
Please help me define and explain the significance of the following terms:
-liberal internationalism
-national interests
-Bretton Woods
-beggar-thy-neighbor policies
-critical theory
-World Bank
-International Monetary Fund
-decolonization
-dependency
-development
-hegemonic stability theory
-mercantilism
-Newly Industrializing Countries (NICs)
-Third World
-non-tariff barriers
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