Hassan Choohamaar Supply sells rodent eradication supplies. Data regarding the store's operations follow: ο Sales are expected to be Rs.220,000 for November, Rs.230,000 for December, and Rs.210,000 for January.

ο Collections are expected to be 70% in the month of sale, 27% in the month following the sale, and 3% uncollectible. ο The cost of goods sold is 75% of sales.

ο The company desires to have an ending merchandise inventory at the end of each month equal to 50% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase.

ο Other monthly expenses to be paid in cash are Rs.22,500. ο Monthly depreciation is Rs.19,000.

ο Ignore taxes.

Following balances are extracted from Statement of Financial Position on October 31 Cash Rs.16,000 Accounts receivable (net of allowance for doubtful debts) Rs.76,000 Property, plant & equipment (net of Rs.536,000 accumulated depreciation) Rs.956,000 Required:

a) In December, How much cash would be paid to suppliers for purchases?

b) In November, what would be total cash receipts?

c) What would be net income for November?

d) What would be accounts receivable balance at end of December?

e) What would be accounts payable balance at end of November?

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.

Post test question number 9 for entering the job market

You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. the portfolio's beta is 1.12. you plan to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.50. what will the portfolio's new beta be? do not round your intermediate calculations.