Business, 06.08.2021 21:40 brianaduenas619
Kapp Company has been a borrower at your bank for several years. You called on Mr. Kapp to receive his year-end financial statements. Looking them over hurriedly, you noticed that both sales and accounts receivable had increased by substantial amounts. You asked him what had caused the increase in accounts receivable, and he replied that, naturally, accounts receivable had risen because sales had risen.
Which one of the following should you do to analyze this situation?
This is a single choice question. Selections are automatically selected as you use arrow to move.
a. Calculate how much any change in the company’s accounts receivable days on hand affected the year-end level of accounts receivable and how much the sales increase should have increased the year-end level of accounts receivable
b. Calculate how much any change in the company’s inventory days on hand affected the year-end level of accounts receivable and how much the sales increase should have increased the year-end level of inventory
c. Calculate how much any changes in the company's accounts receivable days on hand affected the year-end level of accounts receivable and how much costs of goods sold has increased the year-end level of accounts receivable
d. Calculate how much the company’s sales increase impacted the year-end level of accounts payable
Answers: 2
Business, 22.06.2019 09:00, episodegirl903
You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer
Answers: 3
Business, 22.06.2019 14:30, deku6
United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.
Answers: 2
Business, 22.06.2019 17:30, gghkooo1987
An essential element of being receptive to messages is to have an open mind true or false
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Kapp Company has been a borrower at your bank for several years. You called on Mr. Kapp to receive h...
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