The following information on 5 millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/312021 War anded 12/11/2021 Net sales 20.029 Cout of goods sold 4,867 Selling and administrative expense Interest expense Tecar before tave Nat income 53 8 0414 Cash and cash equivalente Receivables, bet Teventoria Land, buildings and equipment at cost, net Total assets 12/31/202112/31/2020 $ 1.055 72 1.090 746 1.135 599 13,580 3.926 $16,860 $5,339 Total current liabilien Tong-term debt Total liabilities Total stockholders' equity $ 5,827 5.671 $11.49 $2,289 2, 301 $4,590 $ 749 $ 5,362 Required: Compute the receivables turnover ratio for 2021. (Round your answer to 1 decimal place.) Receivables turnover ratio Tri Fecta, a partnership, had revenues of $375,000 in its first year of operations. The partnership has not collected on 145.600 of its sales and still owes $38,300 on $205,000 of merchandiselt purchased. There was no inventory on hand at the end of the year. The partnership paid $25.300 in salaries The partners invested $46,000 in the business and $25,000 was borrowed on a five-year note. The partnership paid $2750 in interest that was the amount owed for the year and paid 59.800 for a two-year Insurance policy on the first day of business or income Compute the cash balance at the end of the first year for TH Fecta. Multiple Choice O S200,50 O $195,850 O $203350 0 $208,050 Bria Furniture sells bed frames and mattresses. One of its products is a premium therapeutic bed set produced by OmniSleep, which comes with a mattress and a bed frame. Bria offers a package consisting of the mattress, the frame, and on-site installation by its staft. All of these components can be sold separately, as often done by other vendors, so Bria concludes that these are separate performance obligations. Bria sells the OmniSleep package for $4,300. The mattress and the frame are sold separately for $2,650 and $1,545, respectively. Other vendors in the same area typically charge $320 for on-site Installation. Bria does not sell on-site Installation separately. On average, the prices charged by Bria are 10% higher than those of its competitors. Bria estimates that it Incurs about $105 of compensation and other costs to provide the installation service. The profit margin over cost is estimated to be approximately 40% Required: (a) Estimate the stand-alone selling price of the installation service using the adjusted market assessment approach (b) Estimate the stand-alone selling price of the installation service using the expected cost plus margin approach (c) Estimate the stand-alone selling price of the installation service using the residual approach. (a) Stand-aloneling price (b) Stand-alone selling price (c) Stand-alone selling price
