Questions Uploads

Alpha Company sells widgets for $20 each. The widget has a one year warranty. Alpha estimates that 6% of the widgets will require repair during the warranty period

/in /by

Alpha Company sells widgets for $20 each. The widget has a one year warranty. Alpha estimates that 6% of

the widgets will require repair during the warranty period. The estimated average repair cost is $4.30 per widget. On July 31, the Estimated Warranty Liability account had a normal balance of $15,000. During August, sales were $70,000. During August, 550 widgets were repaired under the warranty agreement with an actual cost of $4.50 each. Use this information to determine:

1. The August 31 Estimated Warranty Liability ending balance

2. The August Warranty Expense 

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Alpha Company December 31 Accounts 2016 2015 Accounts Receivable $40,500

/in /by

(all balances are normal):Alpha CompanyDecember

31

Accounts

2016

2015

Accounts Receivable

$40,500

$35,500

Allowance for Doubtful Accounts

2,500

1,500

Merchandise Inventory

57,000

50,000

Office Supplies

25,000

20,000

Credit Sales

960,000

740,000

Sales Discounts

10,000

9,000

Interest Income

25,000

20,000

Cost of Goods Sold

460,000

385,000

1. What is the FY 2016 accounts receivable turnover ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word times. (Example 1.123 would be entered 1.1 times)

2. What is the FY 2016 days outstanding for accounts receivable ratio? Enter the answer as a number rounded to one decimal place followed by a space and the word days. (Example 1.123 would be entered 1.1 days)

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Consider a company subject to a corporate tax rate of 0.2. If the company has a debt ratio of 0.7

/in /by

Consider a company subject to a corporate tax rate of 0.2. If the company has a debt ratio of 0.7, and an

unleveraged beta of 0.5, what is the company’s leveraged beta?

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Menger Corporation has a 0.2 probability of a return of -0.02, a 0.2 probability of a rate of return of 0.07,

/in /by

Menger Corporation has a 0.2 probability of a return of -0.02, a 0.2 probability of a rate of return of 0.07, and

the remaining probability of a 0.80 rate of return. What is the expected rate of return of Menger Corporation?

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"