Selected data from emporia company follow: balance sheets as of december 31 2018 2017 accounts receivable $ 600,000 $ 480,000 allowance for doubtful accounts (40,000 ) (20,000 ) net accounts receivable $ 560,000 $ 460,000 inventories, lower of cost or market $ 500,000 $ 400,000 income statement for the years ended december 31 2018 2017 net credit sales $ 2,400,000 $ 1,950,000 net cash sales 600,000 450,000 net sales 3,000,000 2,400,000 cost of goods sold 1,800,000 1,520,000 selling, general, and administrative expenses 300,000 240,000 other expenses 80,000 50,000 total operating expenses $ 2,180,000 $ 1,810,000 required compute the accounts receivable turnover for 2018. compute the inventory turnover for 2018. compute the net margin for 2017. (for all requirements, round your answers to 2 decimal places.)

Mark knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the new york stock exchange. knopf wants to know his personal liability if the company provides him with inaccurate or false information. which of the following sources of law will him answer that question? a. the city ordinances where the company headquarters is located. b. the state constitution of the state where the company is incorporated. c. code of federal regulations. d. all of the above

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?