During 2012, Pierport Inc. has monthly cash expenses of $400,000. On December 31, 2012, the cash balance
Question:
a. Compute the ratio of cash to monthly cash expenses.
b. Based on (a), what are the implications for Pierport Inc.,?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
a 9 months 3600000400000 b At the current rate ...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Question Posted:
Students also viewed these Cost Accounting questions
-
During 2015, Copper Coal Inc. has monthly cash expenses of $275,000. On December31, 2015, the cash balance is $1,787,500. a. Compute the ratio of cash to monthly cash expenses. b. Based on a. what...
-
During 2007, Kinetic Inc. has monthly cash expenses of $175,000. On December 31, 2007, the cash balance is $1,575,000. a. Compute the ratio of cash to monthly cash expenses. b. Based upon (a), what...
-
During 2016, El Dorado Inc. has monthly cash expenses of $168,500. On December 31, 2016, the cash balance is $1,415,400. a. Compute the ratio of cash to monthly cash expenses. b. Based on (a), what...
-
Dakota Company had net sales ( at retail ) of $ 1 4 4 , 0 0 0 . \ table [ [ , At Cost,At Retail ] , [ Beginning inventory,$ 3 3 , 3 0 0 , $ 6 5 , 6 0 0 es Dakota Company had net sales (at retail) of...
-
Sun Care Company uses a perpetual inventory system. The following information is provided for cost of goods sold and ending inventory under FIFO and weighted average. ______________________ FIFO...
-
USA Today reported that about 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice. Suppose Chevrolet did a study of a random sample of...
-
Describe the exchange rate systems used by various governments,
-
Sandy Smith, managing director of the Calgary Consulting Group, is examining how overhead costs behave with changes in monthly professional labour- hours billed to clients. Assume the following...
-
Tesla, Inc. expects the following costs for the next quarter: Item Amount ($) Fixed Costs 2.5 billion Variable Cost per Unit 30 Expected Sales Units 150 million Required: Prepare a budgeted income...
-
Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film: a. Within the dorm...
-
Mattel, Inc., designs, manufactures, and markets toy products worldwide. Mattels toys include BarbieTM fashion dolls and accessories, Hot WheelsTM, and Fisher-Price brands. For a recent year, Mattel...
-
Delta Air lines, one of the worlds largest airlines, provides passenger and cargo services throughout the United States and the world. Delta reported the following financial data on million) for the...
-
Assume that a corporation needs to enter the private debt market to raise funds for plant expansion. The corporation expects debt covenants to place restrictions on the levels of its current ratio...
-
The images above show agricultural activities that occur in the area surrounding a central city in the Middle East. Use your knowledge of agricultural land-use patterns to predict the location of...
-
(1 point) Consider a forward contract on a commodity with a current price of $2800 and delivery time in 4 months. Assume that the risk-free rate of interest is 7% compounded monthly and there is no...
-
Nano Limited manufactures two products. The production of Product 1 is entirely carried out in the Green department. The entire production of Product 2 takes place in the Yellow department. Nano...
-
Course: Strategic pricing decision Good evening, please your support with this question according to the data of the case: Case: McDONALD'S: THE HAMBURGER PRICE WARS...
-
Revived Routines: Consumers are settling into new schedules and navigating a return to reality. They are eager to get on with their lives despite the uncertainties ahead. Using your knowledge and...
-
The armature of a variable-speed electric motor, of mass \(200 \mathrm{~kg}\), has an unbalance due to manufacturing errors. The motor is mounted on an isolator having a stiffness of \(10 \mathrm{kN}...
-
Identify the most stable compound:
-
Invigilation: a. Is most commonly associated with crimes such as robbery, murder, and property offenses. b. Can create tremendous amounts of documentary evidence. c. Provides evidence to help...
-
Calculating acquisition costs of long-lived assets. Outback Steakhouse opened a new restaurant on the site of an existing building. It paid the owner $260,000 for the land and building, of which it...
-
Classifying expenditure as assets or expense. For each of the following expenditures or acquisitions, indicate the type of account debited. Classify the account as (1) Asset other than product cost,...
-
Cost of self-constructed assets. Assume that Bolton Company purchased a plot of the land for $90,000 as a factory site. A small office building sits on the plot, conservatively appraised at $20,000....
-
A physical inventory count showed XYZ Company had inventory costing $319,000 on hand at December 31, 2023. This amount did not include the following: 1. Inventory costing $26,000 that was shipped to...
-
Nicholas Company manufacturers TVs. Some of the company's data was misplaced. Use the following information to replace the lost data: Analysis Actual Results Flexible Variances Flexible Budget Sales-...
-
The following information was taken from the financial records of Stormer Company for the year ended December 31, 2023 Retained earnings balance at December 31, 2023 Cash dividends declared for the...
Study smarter with the SolutionInn App