Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Attached fe questions please answer the explanation The management of Polk Limited closely monitor the key financial ratios in the table below, and compare these

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Attached fe questions please answer the explanation

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
The management of Polk Limited closely monitor the key financial ratios in the table below, and compare these ratios with other firms in their industry in order to identify ways of improving all aspects of performance. Current ratio 1.28 1.49 Accounts receivable turnover 11.?r 14.2 Inventory turnover 9.3 8.5 Total asset turnover Average settlement period, accounts payable 39 days 26 days Identifyr % possible source of additional shortterm internal finance by bringing anyr of Polk Limited's ratios into line with the corresponding industry ratio, and explain your choice. Question 27 The following information applies to questions 27-29 Not yet answered Wasderf Limited is a capital-intensive business that manufactures scuba tanks. Financial Marked out of information for the last six months ending December 2019 reveals the following: 2.00 Month Scuba tanks sold Production Flag question overheads ($ thousands) July 120 25.3 August 100 22.8 September 120 27.3 October 140 28.5 November 180 36.8 December 160 34.6 Use the high-low method to answer questions 27 to 29: Estimate the variable production overhead cost per scuba tank. Answer:Question 28 Not yet answered Marked out of 2.00 Y Flag question Question 29 Not yet answered Marked out of 1.00 V Flag question Question 30 Not yet answered Marked out of 3.00 F Flag question Estimate the xed production overhead cost. Answer: Estimate the total production overheads for January if the company expects sales of 210 scuba tanks in that month. Answer: The following information applies to questions 30-32 Aquaspore Limited sells advanced technology wetsuits for a price of $2400 each. The companyr has a profit target this year of $160,000 and is considering increasing sales commissions in an effort to increase sales. The contribution margin ratio of the wetsuits is 25% and the company's fixed costs for this year are expected to be $320,000. How many wetsuits must the company sell to reach its profit target? Answer: Question 9 Not yet Fred Waqaz is the owner and manager of Zasax Limited. He is seeking ways of expanding his answered business and has identified a number of potential investments that he suspects might help him Marked out of achieve his goals. The projects are of varying sizes and require initial investments from as little 9.00 as $100,000 to as much as $1,000,000. Although Fred understands accounting and can identify Flag question the relevant cash flows in each project, he has had no training in financial management. He has approached you to help him to understand how a business should appraise, and choose from, investment projects. For Fred's benefit, explain the decision rules of the four main methods of investment appraisal. Do not include the details of how to perform any calculations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Carl Warren, William B. Tayler

15th edition

1337912026, 978-1337912020

More Books

Students also viewed these Accounting questions

Question

=+ (c) Show that f is a measure on Fand agrees with a on Fo.

Answered: 1 week ago

Question

Technology

Answered: 1 week ago

Question

Population

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago