The following percentages were computed using figures from recent annual reports of a large grocery store chain
Question:
The following percentages were computed using figures from recent annual reports of a large grocery store chain (Wolf Market) and a provider of telecommunication services (Martin Telecom).
Explain why Martin Telecom’s percentages are so much larger than Wolf Market’s percentages.
Transcribed Image Text:
Allowance for doubtful accounts as a percentage of net sales Accounts receivable as a percentage of net sales Wolf Martin 0.06% 0.59% 2.5 6.6
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
All sales by long distance carriers such as Martin Telecom are made on account In con...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting The Basis For Business Decisions
ISBN: 9781264445240
20th Edition
Authors: Jan Williams, Susan Haka, Mark Bettner
Question Posted:
Students also viewed these Business questions
-
The following percentages were computed using figures from recent annual reports of Weis Markets, a large grocery store chain, and Sprint Nextel Corporation, a provider of telecommunication services:...
-
The following percentages were computed using figures from recent annual reports of Weis Markets, a large grocery store chain, and Sprint Corporation, a provider of telecommunication services. Weis...
-
The following percentages were computed using figures from recent annual reports of Weis Markets, a large grocery store chain, and Sprint Nextel Corporation, a provider of telecommunication services:...
-
The following data applies to the two unrelated companies Lloyd Ltd and Cole Ltd: All taxable and deductible temporary differences relate to the profit or loss. Assume a corporate tax rate of 30%. A....
-
How would a decrease in Social Security benefits to retired persons affect the economy?
-
Industrial purchases, unlike consumer purchases, do not have an emotional component. Comment.
-
On December 14, 2011, appellant Aaron Olson contracted to receive telephone service from respondent CenturyLink and also applied for reduced-rate service that CenturyLink provides through Minnesotas...
-
Dr. Roger Jones is a successful dentist but he is experiencing recurring financial difficulties. For example, Dr. Jones owns his office building, which he leased to the professional corporation that...
-
2. Consider the variation of hot-potato routing/coordination routing game discussed in class, where there are three strategies: Payoff Hot Potato Long Path Planned Long-Path | Planned Hot Potato...
-
On August 3, Franko Construction purchased special-purpose equipment at a cost of $1,000,000. The useful life of the equipment was estimated to be eight years, with an estimated residual value of...
-
Rodham, Inc., reported sales, cost of goods sold, and inventory figures for last year and the current year as follows (all dollars in thousands): What is the amount of inventory turnover for each...
-
Factor completely each polynomial. If the polynomial cannot be factored, say it is prime. 4 14x 2 8x 4
-
A client with acquired immunodeficiency syndrome (AIDS) is admitted to the hospital for chills, fever, nonproductive cough, and pleuritic chest pain. A diagnosis of Pneumocystis jiroveci pneumonia is...
-
California did not conform to the potential mortgage interest limitation of the TCJA and retained the pre-TCJA limits. How much is the standard CA restriction and how much for a qualified enterprise...
-
A house painting business had revenues of $16,500 and expenses of $9,500 last summer. There were no depreciation expenses However, the business reported the following changes in working capital:...
-
Why is research often considered as a process-and, not just an outcome? And what is research process? What do you think are major sources of research problems?
-
Assume you own a bond with a market value of $ 820 that matures in 7 years. The par value of the bond is $ 1,000. Interest payments of $ 30 are paid semiannually. What is your expected rate of return...
-
Find the equations of the ellipses satisfying the given conditions. The center of each is at the origin. Passes through (2, 2) and (1, 4)
-
Alpine Expeditions operates a mountain climbing school in Colorado. Some clients pay in advance for services; others are billed after services have been performed. Advance payments are credited to an...
-
Ken Hensley Enterprises, Inc., is a small recording studio in St. Louis. Rock bands use the studio to mix high-quality demo recordings distributed to talent agents. New clients are required to pay in...
-
Coyne Corporation recently hired Elaine Herrold as its new bookkeeper. Herrold was not very experienced and made seven recording errors during the last accounting period. The nature of each error is...
-
Consider a set {V1, V2, V3, V4} where V3 Find a dependence relation for this set. = 2V4-
-
An apple farmer has determined that if he plants 100 trees per acre, he of 50 bushels per tree. For every tree that he plants over 100, the yield bushels per tree. Let X be the number of trees over...
-
f(x) = 6x- 26x + 26x-6 a) Completely factor the polynomial. Use synthetic or long division at least once. Show how you chose the divisor. (3 marks) b) State the zeros of the polynomial. (1 mark) Show...
Study smarter with the SolutionInn App