Premier Corp. has sales of $870,539, and cost of goods sold equal to 74 percent of sales. Assume all sales are credit sales. If the firm’s accounts receivable total $138,135 and its operating cycle is 71.1 days, how much inventory does the firm have?
Answer to relevant QuestionsWhat would be an example of an innovative company? Why is this company innovative? Why are some companies more innovative than others? How should organizations be structured to foster innovation? With a purchase price of $350,000, a small warehouse provides for an initial before-tax cash flow of $30,000, which grows by 6 percent per year. If the before-tax equity reversion after four years equals $90,000, and an ...During the month of April, Macon Co. had cash receipts from customers of $85,000. Expenses totaled $78,000, and accrual basis net income was $21,000. There were no gains or losses during the month.Required:Calculate the ...Prepare a Pro Forma Income Statement Net Sales = 2,938 COGS = 1,598 SG&A = 475 Depreciation = 45 Interest Exp = 32 Tax = 15%.Net SalesCost Of Goods SoldGross ProfitSelling & Admin ExpDepreciationInterest ExpIncome ...Four percent of DVD players manufactured by an electronics company are defective. Suppose six DVD players are randomly selected from the production line. Each DVD player is determined to be defective or non-defective.a. What ...
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