BUSINESS COLLEGE

The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $)
Assets 2016
Cash and securities $2,145
Accounts receivable 8,970
Inventories 12,480
Total current assets $23,595
Net plant and equipment $15,405
Total assets $39,000
Liabilities and Equity Accounts payable $7,410
Accruals 4,290
Notes payable 5,460
Total current liabilities $17,160
Long-term bonds $7,800
Total liabilities $24,960
Common stock $5,460
Retained earnings 8,580
Total common equity $14,040
Total liabilities and equity $39,000
Income Statement (Millions of $) 2016
Net sales $58,500
Operating costs except depreciation 54,698
Depreciation 1,024
Earnings before interest and taxes (EBIT) $2,779
Less interest 829
Earnings before taxes (EBT) $1,950
Taxes 683
Net income $1,268
Other data: Shares outstanding (millions) 500.00
Common dividends (millions of $) $443.63
Int rate on notes payable & L-T bonds 6.25%Federal plus state income tax rate 35%Year-end stock price $23.77A. What is the firm's current ratio?B. What is the firm's quick ratio?C. What is the firm's days sales outstanding? Assume a 365-day year for this calculation.D. What is the firm's total assets turnover?E. What is the firm's inventory turnover ratio?F. What is the firm's TIE?G. What is the firm's debt/assets ratio?H. What is the firm's ROA?I. What is the firm's ROE?

Answers

Answer 1
Answer:

Answer:

A. 1.375

B. 0.648

C. 77.87 days

D. 1.5 times

E. 4.69 times

F. 3.35 times

G. 34 %

H. 4.63 %

I.  23.22%

Explanation:

A. What is the firm's current ratio

current ratio = current assets / current liabilities

                     = $23,595 / $17,160

                     = 1.375

B. What is the firm's quick ratio

 quick ratio   = (current assets - inventory) / current liabilities

                     = ($23,595 - $12,480) / $17,160

                     = 0.648

C. What is the firm's days sales outstanding Assume a 365-day year for this calculation.

days sales outstanding = Inventory / (Sales / 365)

                                       = $12,480 / ($58,500 /365)

                                       = 77.87 days

D. What is the firm's total assets turnover

total assets turnover = Sales / Total Assets

                                  = $58,500 / $39,000

                                  = 1.5 times

E. What is the firm's inventory turnover ratio?

inventory turnover ratio = Sales / Inventory

                                        = $58,500 / $12,480

                                        = 4.69 times

F. What is the firm's TIE?

Total Interest Expense (TIE) = Earnings before interest and taxes (EBIT) / Total Interest Expense

                                              = $2,779 / $829

                                              = 3.35 times

G. What is the firm's debt/assets ratio?

debt/assets ratio = Total Debt / Total Assets × 100

                            = ($5,460 + $ $7,800) / $39,000 × 100

                            = 34 %

H. What is the firm's ROA?

Return on Assets (ROA) = Earnings Before Interest After Tax (EBIAT) / Total Assets × 100

                                        = ($1,268 + ($829 × 65%)) / $39,000 × 100

                                        = 4.63 %

I. What is the firm's ROE?

Return on Equity (ROE) = Net Income / Total Shareholders Funds

                                      = $1,268 / $5,460 × 100

                                      = 23.22%
Answer 2
Answer:

Final answer:

The current ratio is 1.37, the quick ratio is 0.65, and the days sales outstanding is 56.15.

Explanation:

A. The current ratio is calculated by dividing total current assets by total current liabilities:
Current Ratio = Total Current Assets / Total Current Liabilities
Current Ratio = $23,595 / $17,160
Current Ratio = 1.37

B. The quick ratio, also known as the acid-test ratio, is calculated by dividing quick assets by total current liabilities:
Quick Ratio = (Cash and Securities + Accounts Receivable) / Total Current Liabilities
Quick Ratio = ($2,145 + $8,970) / $17,160
Quick Ratio = 0.65

C. The days sales outstanding measures how long it takes for a company to collect its accounts receivable:
Days Sales Outstanding = Accounts Receivable / (Net Sales / 365)
Days Sales Outstanding = $8,970 / ($58,500 / 365)
Days Sales Outstanding = 56.15

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A department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory; 91300 units were started into production in January; and there were 20900 units that were 40% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for conversion costs for the month of January?

Answers

Answer:

The equivalent units of production for conversion costs for the month of January is 78,760 units

Explanation:

The computation of the equivalent units of production for the conversion cost is shown below:

We know that,

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20,900 units = 91,300 units - units completed

So, units completed = 91,300 units -20,900 units = 70,400 units

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So completed units = 20,900 × 40% = 8,360 units

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Rapid prototyping could be an advantageous methodology for developing innovative computer-based instruction. Software engineers have been successful in designing applications by using rapid prototyping. So it also could be an efficient way to do instructional design.

Answers

Answer:

Yes Rapid prototyping can be an efficient way to do instructional design. Rapid prototyping is an instructional design approach which combines design, developmental and evaluation process. it is also a non-linear approach.

Explanation:

As a non linear approach, Rapid prototyping produces a sample working model that is a scaled-down representative version of the whole course. Rapid prototyping can be seen as an alternate approach to the traditional instructional design.

Instructional design is defined as the systematic approach to the development of instruction through the use of analysis, design, development, implementation and Evaluation. Designers can make use of Rapid prototyping or rapid instructional design when they face these factores; Time, budget and Environmental restraints.

Rapid prototyping is a very practical model for blended learning development, especially when only one person is involved. Rapid prototyping allows for learning as even the instructional designer is learning too.

The S&P 500 index delivered a return of 10%, 15%, 15%, and -30% over four successive years. What is the arithmetic average annual return for four years?
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B) 3.50%
C) 2.25%
D) 2.50%

Answers

Answer:

D) 2.50%

Explanation:

The arithmetic average return is simply the mean of all given return rates. There are four return rates and their values are, 10%, 15%, 15%, and -30%

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S&P 500 index delivered an arithmetic average annual return of 2.5% for four years

10. The act of assigning formal authority and responsibility for a completion of specifi activities to a subordinate. A/ Allocation B/ Delegation C/ Subordinate D/ All​

Answers

The answer is B/ Delegation.

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Answers

Answer:

The correct answer is letter "D": is immune from review under the act of state doctrine.

Explanation:

The Act of State Doctrine states that every sovereign state is bound to respect the independence of every other sovereign state, and the courts will not sit in judgment of another government's acts done within its own territory. In the case, as Argentina is no jurisdiction of the United States, the U.S. citizens and businesses who had accounts in the South American cannot rely on U.S. policies to resolve their problems even if the Argentinian government has violated international law.

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b. What percentage of employers in the service industry use succession planning?
c. What skills, education, and training have been provided to potential candidates?
d. What is the designated procedure for assessing and selecting potential candidates?

Answers

All of the following questions are relevant to Mari's decision to fill top positions at the new hotels with internal candidates except What percentage of employers in the service industry use succession planning? Therefore, the correct answer is Option B.

   

The percentage of employers in the service industry using succession planning is not directly relevant to Maria's decision to fill top positions at the new hotels with internal candidates. Succession planning is a different concept from internal promotions.

Succession planning typically involves identifying and developing potential candidates for higher-level positions within the organization to ensure a smooth transition when key employees retire, leave, or are promoted to other roles. While it can be beneficial for an organization, it is not directly related to the decision of filling top positions at the new hotels with internal candidates.

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Answer:

b. What percentage of employers in the service industry use succession planning

Explanation:

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