Which of the following accounts would most likely vary directly with the level of a firms sales?
Question:
Transcribed Image Text:
YES No YES NO Cash Marketable securities Accounts payable Notes payable nd equipment _Plant and Inventories
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Cash NO 1 Marketable Securities NO Accounts Payable YES Notes Payable NO 2 Plant and Equ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Question Posted:
Students also viewed these Corporate Finance questions
-
The balance sheet of the Boyd Trucking Company (BTC) follows: BTC had sales for the year ended December 31, 2013, of $ 25 million. The firm follows a policy of paying all net earnings out to its...
-
There are three major sources of unsecured short- term credit other than accrued wages and taxes. List and discuss the distinguishing characteristics of each.
-
Define the hedging principle. How can this principle be used in the management of working capital?
-
Describe, in human terms, why delay and jitter are bad in real time (interactive) voice and video communications. Would these same problems apply to recorded voice and video stored and played back at...
-
In 1968, Business Electronics Corporation (BEC) became the exclusive retailer in the Houston, Texas, area of electronic calculators manufactured by Sharp Electronics Corporation. In 1972, Sharp...
-
For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000 shares outstanding. On 1 July 2009, the company issued 100,000 new shares for $20 per share. Th e...
-
Briefly describe what a credit default swap is and how it is generally used.
-
True Cost Manufacturing, Inc., manufactures and sells large business equipment for the office and business markets. The primary function of Manufacturing is to provide components and subassemblies...
-
# 1 Average Velocity Mat and Tam embark on a weekend journey with four stages. First, they drove due East for exactly two and a half hours at a speed of 8 0 kilometers per hour. Then, they visited a...
-
Refer to Exercise 19. a. Explain why it isnt correct to say that the correlation is 0.87 mg/cal. b. What would happen to the correlation if the variables were reversed on the scatterplot? Explain...
-
Use the following industry- average ratios to construct a pro forma balance sheet for Phoebes Cat Foods Inc. Total asset turnover 1.5 times Average collection periocd (assume 365-day year) Fixed...
-
The most recent balance sheet for the Armadillo Dog Biscuit Co. Inc. is shown in the following table. The company is about to embark on an advertising campaign, which is expected to raise sales from...
-
Calculate y'. e y = .2
-
When calculating the balance of the Service Revenue account, you find that the balance is lower than expected. However, according to your Statement of Financial Position and your analysis of the...
-
Complete the income staComplete the balance sheet as of 1/31. Enter contra account amounts as negative numbers. TIP: You can leave the field blank if the balance in the account was $0tement for...
-
What are management's responsibility for internal control reporting? What does it have to do and what does it have to report in the 10K?Does the PCAOB generally think auditors have been doing a good...
-
you examine how budgets are developed. After developing a sample budget for a product or service, you also examine how ratios can be used to analyze the budget and provide information that can guide...
-
which apply to contributions with donor-imposed conditions?
-
Pierre de Fermat (16011665) conjectured that the function f (x) = 2 (2x) + 1 for x = 1, 2, 3, . . . , would always have a value equal to a prime number. But Leonhard Euler (17071783) showed that this...
-
Prove the result that the R 2 associated with a restricted least squares estimator is never larger than that associated with the unrestricted least squares estimator. Conclude that imposing...
-
In 1995 an anonymous private collector purchased a painting by Picasso entitled Angel Fernandez De Soto for $29,152,000. The picture depicts Picasso's friend Desoto seated in a Barcelona cafe...
-
(a) If $100 at Time "0" will be worth $110 a year hence and was $90 a year ago, compute the interest rate for the past year and the interest rate next year. (b) Assume that $90 invested a year ago...
-
How much must you invest now at 7.9% interest to accumulate $175,000 in 63 years?
-
. Assume that over the past 88 years, U.S. Treasury bills had an average return of 3.5% as compared to 6.1% on long-term government bonds. What was the average risk premium on the long-term...
-
The following data were gathered to use in reconciling the bank account of Bradford Company: Balance per bank $ 18,050 Balance per company records 10,040 Bank service charges 50 Deposit in transit...
-
4 Smallman's Garage uses standards to plan and control labor time and expense. The standard time for an engine tune-up is 3.75 hours. and the standard labor rate is $15 per hour. Last week, 26...
Study smarter with the SolutionInn App