Carter lumber sells lumber and general building supplies to building contractors in a medium-sized town in montana. data regarding the store's operations follow: o sales are budgeted at $412,000 for november, $422,000 for december, and $432,000 for january. o collections are expected to be 70% in the month of sale, 27% in the month following the sale, and 3% uncollectible. o the cost of goods sold is 70% of sales. o the company desires to have an ending merchandise inventory equal to 80% of the following month's cost of goods sold. payment for merchandise is made in the month following the purchase. o other monthly expenses to be paid in cash are $22,500. o monthly depreciation is $28,900. o ignore taxes. balance sheet october 31 assets cash $ 20,300 accounts receivable, net of allowance for uncollectible accounts 102,600 inventory 210,000 property, plant and equipment, net of $513,000 accumulated depreciation 1,026,000 total assets $1,358,900 liabilities and stockholders' equity accounts payable $ 305,000 common stock 780,000 retained earnings 273,900 total liabilities and stockholders' equity $1,358,900 the accounts receivable balance, net of uncollectible accounts, at the end of december would be

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Any point on a country's production possibilities frontier represents a combination of two goods that an economy: