FINANCIAL ACCOUNTING:TOOLS FOR BUSINESS
19th Edition
ISBN: 9781119493624
Author: Kimmel
Publisher: WILEY
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Students have asked these similar questions
A company is thinking of investing in one of two potential new products for sale. The
projections are as follows:
Year Revenue/cost £ (Product A) Revenue/cost £ (Product B)
(150,000) outlay
24,000
(150,000) outlay
12,000
24,000
44,000
84,000
01234
2
25,333
52,000
63,333
An investment services company experienced dramatic growth in the last two decades. The following models for the company's revenue R and expenses or costs C (both in
millions of dollars) are functions of the years past 1990.
R(t) = 21.4e0.131t and C(t) = 18.6e0.131t
(a) Use the models to predict the company's profit In 2021. (Round your answer to one decimal place.)
$ 43.8
million
(b) How long before the profit found in part (a) is predicted to double? (Round your answer to the nearest whole number.)
years after 1990
Enter a number.
Referring to the following data of the Omani Company, that extracted from the balance sheet at 31122019.
answer the following questions:
(Note; Write all Equations regarding the questions)
1. The company manager targets to reduce the current ratio in the year (2020) by 33%
from the previous year (2019), this requiring to downsize the amount of the total
current asset. To what level can the manager reduce the total current asset to achieve
this target at (2020)? (Suppose the other things are fixed)
2. The manager put a plan to reduce the selling period in the (2020) by (16.7%) from
the previous year (2019). Calculate the new inventory turmover.
(Suppose the other things are fixed)
Data of 2019
Total Asset Turmover
2 Times
Net Fixed Asset
400 (Thousand OMR)
400 (Thousand OMR)
2000 (Thousand OMR)
Total Liabilities
Sales
Quick Ratio
1.5 Times
Accounts Receivable
150 (Thousand OMR)
200 (Thousand OMR)
Long-term Liabilities
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