BUSINESS COLLEGE

A company reports purchases of $ 418 comma 000, a beginning accounts payable balance of $ 48 comma 000, and an ending accounts payable balance of $ 40 comma 000. All purchases were on account. The company's accounts payable turnover would be closest to:____________(Values are rounded to two decimal places, X.XX.)

Answers

Answer 1

Answer:

Answer:

9.50 times

Explanation:

The computation of the accounts payable turnover ratio is shown below:

= Total purchase ÷ average accounts payable

where,

Average accounts payable = (Opening balance of Accounts payable + ending balance of Accounts payable) ÷ 2

= ($48,000 + $40,000) ÷ 2

= $44,000

And, the total purchase is $418,000

Now put these values to the above formula

So, the answer would be equal to

= $418,000 ÷ $44,000

= 9.50 times

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A problem of interest to health officials (and others) is to determine the effects of smoking during pregnancy on infant health. One measure of infant health is birth weight; a birth weight that is too low can put an infant at risk for contracting various illnesses. Since factors other than cigarette smoking that affect birth weight are likely to be correlated with smoking, we should take those factors into account. For example, higher income generally results in access to better prenatal care, as well as better nutrition for the mother. An equation that recognizes this is bwght 5 b0 1 b1cigs 1 b2 faminc 1 u. (i) What is the most likely sign for b2

Answers

Answer:

β2 should have a positive sign

Explanation:

The regression equation is:

βwght = β0+β1cigs+β2faminc+μ

The equation tells us that the birth weight of a child is dependent on factors like cigarette consumption and family income.

β1 should have a negative sign because smoking during pregnancy has an adverse effect on birth weight. So there would be a negative correlation between birth weight and cigarette consumption.

β2 should have a positive sign. This is because while pregnant, a family with more income has the ability to provide better prenatal care and also better nutrition to the expectant mother. Therefore we have a positive correlation.

Final answer:

In a regression model concerning effects of smoking and income on infant birth weight, the coefficient 'b2' associated with family income is expected to be positive. Higher income levels are associated with improved prenatal care and nutrition, which contribute positively to infant birth weight.

Explanation:

The equation you presented is a form of a multiple regression model where 'bwght' is the dependent variable (infant birth weight), and 'cigs' and 'faminc' are independent variables representing the number of cigarettes smoked and family income, respectively. The terms 'b0', 'b1', and 'b2' are the model's parameters. In the context of this model, 'b2' represents the change in the infant's birth weight for a one-unit change in family income, holding all else constant.

The most likely sign for 'b2' is positive. This is because higher family income is generally associated with better access to prenatal care and nutrition which in turn positively impact the infant's birth weight.

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You are asked to lend money for a major commercial real estate development in a foreign country. There is some talk about a further devaluation of the foreign country's currency. What information do you need to assess the creditworthiness of this project? In your evaluation of the project, be sure to take into account translation exposure and economic exposure (operating and transaction), as well as exchange risk.

Answers

Answer:

Please see explanation below

Explanation:

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To identify the creditworthiness of the project we need information regarding the property prices, its growth, and public spending in the country where we want to make our investment. Secondly, we need the historical data of currency devaluation event (if any) to assess the actual impact it will have on the economy once the devaluation takes place. Thirdly, we need to identify the exposures or the risk involved in operating the business in the foreign country, and how are we go about mitigating the risk from transaction and operating exposure.

Corporation W, which uses the accrual method of accounting, had earnings and profits of $95,000 on December 31, Year 1. Based on the following information, compute earnings and profits as of December 31, Year 2: Taxable income per return $185,000
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Answers

Answer:

a. $226,600

Explanation:

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- 1,000 + 3,000 - 55,400 + 1,500 )= $226000

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Answers

Answer:

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By this above option/approach is different and consider a cumulative welfare for better world to serve future generation.

Coming to other option/approach is only specific to certain groups only and it does'nt through light on other's welfare.

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Answers

Answer:

Explanation:

Coronado Inc. had beginning inventory of $12700 at cost and $20900 at retail. Net purchases were $113930 at cost and $158500 at retail. Net markups were $9600, net markdowns were $7400, and sales revenue was $151100. Compute ending inventory at cost using the conventional retail method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)