Answers
Answer:
Proportion of Kohl's Corporation financed by non-owners = approximately 61.9%
Explanation:
The formula used for calculating the proportion financed by non-owners is given as:
Proportion of Kohl's Corporation financed by non-owners = liabilities / total assets
As total assets in the annual report of Kohl's Corporation = $13,574
and total liabilities in the annual report of Kohl's Corporation = $ 8,397
therefore by putting the values in the above formula, we get
Proportion of Kohl's Corporation financed by non-owners = 8397 / 13574
Proportion of Kohl's Corporation financed by non-owners = 0.6186
Converting this result to the percentage, we get
Proportion = 0.6186 * 100
Proportion of Kohl's Corporation financed by non-owners = 61.86%
or approximately 61.9%
Related Questions
What are the key differences between using a deerskin as money and using a dollar bill as money?a. Using a deerskin as money incurs a much larger transactions cost because it is bigger and heavier than paper money.b. Using a deerskin as money may not be as widely accepted as using paper money.c. Using a deerskin as money cannot fulfill the key functions of money: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.d. A and b only.e. All of the above?
Fitzgerald Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, and frozen foods. It identifies four activities their activity cost rates as follows:Ordering $95 per purchase orderDelivery and receipt of merchandise $76 per deliveryShelf-stocking $19 per hourCustomer support and assistance $0.15 per item soldThe revenues, cost of goods sold, store support costs, activities that account for the store support costs, and activity-area usage of the three product lines are as follows:Baked Goods Milk and Fruit Juice Frozen ProductsFinancial data Revenues $60,000 $66,500 $50,500Cost of goods sold $41,000 $51,000 $32,000Store support $12,300 $15,300 $9,600Activity-area usage (cost-allocation base) Ordering (purchase orders) 44 24 14Delivery (deliveries) 120 60 36Shelf-stocking (hours) 170 150 20Customer support (items sold) 15,400 20,200 7,960Under its simple costing system, FS allocated support costs to products at the rate of 30% of the cost of goods sold.Required:1. Use the simple costing system to prepare a product-line profitability report for FS.2. Use the ABC system to prepare a product-line profitability report for FS.3. What new insights does the ABC system in requirement 2 provide to FS managers?
Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $404,100 Cost of goods sold 234,000 Gross profit 170,100 Expenses (including $16,700 interest and $26,400 income taxes) 83,500 Net income $ 86,600 Additional information: 1. Common stock outstanding January 1, 2022, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2022. 2. The market price of Skysong stock was $14 in 2022. 3. Cash dividends of $22,900 were paid, $4,900 of which were to preferred stockholders. Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share $enter earnings per share in dollars (b) Price-earnings ratio enter price-earnings ratio in times times (c) Payout ratio enter payout ratio in percentages % (d) Times interest earned enter times interest earned times
Hiring managers should automatically preclude a candidate with a disability if they appear to be unable to do the job.True or false?
Answers
Answer:
relevant cost of debt financing to TC, Inc.= 8.75%
Explanation:
The yield to maturity is a proxy for a company's cost of capital as it reflects the return that a company provides to its debtholders. Given a yield to maturity equal to 12.5% and a tax rateof 30%, the after tax cost of debt is calculated as :
After tax cost of debt =
The relevant interest rate is thus equal to 8.75% due to the fact that interest is tax deductible.
Answers
Answer:
Given this change in the cost, the adequacy and quality of the estimated cost drivers and costs used by the system will determine the costing results for SR6 under the new system.
Explanation:
A cost driver can be described as the unit of an activity or any factor that makes the cost of an activity to fluctuate. An estimated cost driver is adequate and of the expected quality when quality or quantity is satisfactory or acceptable.
Therefore, given this change in the cost, the adequacy and quality of the estimated cost drivers and costs used by the system will determine the costing results for SR6 under the new system.
Final answer:
Cannady has transitioned from a traditional to an Activity-Based Costing system, which uses three cost drivers. As a result, the cost of manufacturing SR6 rose from $168 to $178 per unit due to the more accurately distributed costs.
Explanation:
In this context, Cannady's move from a traditional cost system using a single cost driver to an Activity-Based Costing (ABC) system that uses three cost drivers resulted in a change in the unit cost of their SR6 product. The new price reflects a more accurate calculation of the costs incurred in producing SR6.
In a traditional cost system, overhead costs are simply divided by the total number of units produced using one cost driver. With the ABC system, costs are allocated based on the actual activities that consume resources, making the costs more accurate. Therefore, the unit cost of SR6 increased from $168.00 to $178.00 under the new system as the costs were more accurately allocated under the ABC system.
Learn more about Activity-based costing here:
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b. only if people overestimate the inflationary side effects of the policy.
c. if people accurately anticipate the inflationary side effects of the policy.
d. only if monetary policy provides the macroeconomic stimulus.
Answers
Answer:
a. only if people underestimate the inflationary side effects of the policy.
Explanation:
The modern Phillips curve suggests that as inflation increases, unemployment reduces and vice versa dependent on two factors; the level of inflation and the excess of growth rate of wages over the expected inflation. The larger the excess, the greater the effect of the expansionary monetary policy. Thus, if it is underestimated, then the unemployment will greatly reduce.
Answers
Answer:
$104,000
Explanation:
Note: The full question is attached as picture below
Fair value of net assets = Cash and receivables + Inventory + Land + Buildings (net) + Equipment (net) - Liabilities
Fair value of net assets = $70,000 + 210,000 + 240,000 + 270,000 + 90,000 - 420,000
Fair value of net assets = $460,000
Purchase consideration paid = 12,000*$47
Purchase consideration paid = $564,000
Goodwill recognized = Purchase consideration - Fair value of net assets
Goodwill recognized = $564,000 - $460,000
Goodwill recognized = $104,000
b. Financial statements are frequently the basis used for performance evaluations.
c. Historical information has no value when predicting the future.
d. Potential lenders place little value on financial statement information.
e. Reviewing financial information over time has very limited value.
Answers
Answer:
b. Financial statements are frequently the basis used for performance evaluations.
Explanation:
The financial statements are the accounting reports of an organization, through these documents it is possible to analyze what is the financial situation of a company in the internal and external environment, what are its greatest strengths and weaknesses.
They are instruments for evaluating organizational performance because they provide essential information about the general accounting situation of a company, which ensures greater reliability for a manager to make a decision directed to correct a problem or strategic implementation to achieve a certain result. It also allows stakeholders to analyze essential data and information when deciding to invest or do business with a particular company.
b.Meteor
c.Cash cow
d.Shiner
e.Top dog
Answers
Answer:
It is Star (B)
Explanation:
Option (a) True. Star is a product with high relative market share in a high growing market . This product is full of potential but require more investment and spending in the areas of advertising,innovation and market research in order to maintain its market leadership position. Hence, it might be cash neutral at this stage.
In the long-run, it will eventually turns to cash cow in the portfolio if we can sustain its position.
Option(b) Meteor. False. This does not exist in product portfolio matrix.
Option (c) Cash cow. False.
This product has a large relative market share in a stagnating (mature) market, profits and cash flows are expected to be high. Because of the lower growth rate, investments needed should also be low.
Hence, they typically generate cash in excess of the amount of cash needed to maintain the business and this ‘excess cash’ is supposed to be ‘milked’ from the Cash Cow for investments in other business units (Stars and Question Marks). Cash Cows ultimately bring balance and stability to a portfolio.
Option (d) Shiner. False .It does not exist
Option (e) Top dog. It is a product with low relative market share in a stagnant market.