Business, 24.02.2020 16:44 alekvtaylor

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales$10,200 Cost of goods sold 8,050 Depreciation 480 Earnings before interest and taxes$1,670 Interest paid 104 Taxable income$1,566 Taxes 548 Net income$1,018 Windswept, Inc. 2016 and 2017 Balance Sheets ($ in millions) 2016 2017 2016 2017 Cash$300 $335 Accounts payable$1,670 $1,895 Accounts rec. 1,150 1,050 Long-term debt 1,090 1,415 Inventory 1,820 1,775 Common stock 3,400 3,050 Total$3,270 $3,160 Retained earnings 670 920 Net fixed assets 3,560 4,120 Total assets$6,830 $7,280 Total liab.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 13:40

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:

Answers: 3

Answer

Business, 22.06.2019 15:20

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.

Answers: 1

Answer

Business, 22.06.2019 20:30

(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?

Answers: 1

Answer

Business, 23.06.2019 00:40

Oliver queen buys 100 shares of stock in green arrow archery corporation, a publicly traded company with which he is not affiliated as a director, officer, or employee. he then sells his 100 shares to john diggle. the sec sues oliver because he didn't register the sale of stock to john. who wins? oliver, because the sale falls into the nonissuer exemption oliver, because the sale falls into the private placement exemption the sec, because the transaction is not exempt from registration the sec, because even exempt transactions must be registered with the sec

Answers: 3

Answer

You know the right answer?

Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in m...

Questions