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oee
7 days ago
6

Merck & Company reported the following from its 2016 financial statements. $ millions 2013 2014 2015 2016 Accounts receivabl

e, net $7,184 $6,626 $6,484 $7,018 Allowance for doubtful accounts 146 153 165 195 a. Compute accounts receivable gross for each year. $ millions 2013 2014 2015 2016 Accounts receivable, gross b. Determine the percentage of allowance to gross account receivables for each year. Round answers to two decimal places (ex: 0.02345 = 2.35%). 2013 2014 2015 2016 % allowance c. Assume that we want to reformulate the balance sheet and income statement to reflect a constant percentage of allowance to gross accounts receivables for each year. Compute the four-year average and then reformulate the balance sheet and income statements for each of the four years. Follow the process shown in Analyst Adjustments 5.2 and assume a tax rate of 35%. Four- year average of percentage of allowance to gross accounts receivables. Round answer to two decimal places (ex: 0.02345 = 2.35%)
Business
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The management of warby parker believes that its operations must be grounded in
harina [3808]

Answer:

Warby Parker is a company specializing in eyewear that produces designer glasses at affordable prices. The company's management believes in the importance of grounding its operations in Corporate Social Responsibility.

Explanation:

Warby Parker is an eyewear manufacturer creating designer glasses that remain budget-friendly. The management asserts that its operations should be based on principles of Corporate Social Responsibility.

3 0
2 months ago
Which of the following statements concerning the cash budget is CORRECT? a. Depreciation expense is not explicitly included, but
marusya05 [3725]

Answer:

a. The depreciation expense isn't separately listed, but its influences are shown in the projected tax payments.

Explanation:

The cash budget reflects all cash transactions, both receipts and payments

It includes interest and dividend disbursements, indicating cash outflows when payments are made in cash

Additionally, it impacts the Days Sales Outstanding (DSO) and encompasses cash inflows related to long-term sources such as bond issuance

However, since depreciation is a non-cash expense, it's not explicitly accounted for, but its impact is included in tax payment projections

7 0
2 months ago
Bonita Industries used high-low data from June and July to determine its variable cost of $12 per unit. Additional information f
harina [3808]

Answer:

Total cost = $25,200

Explanation:

Based on the following data:

Unit variable cost = $12

Produced units - total cost:

June: 2,200 - $32,400

July: 600 - $13,200

August = 1,600 units

Initially, we must identify the fixed costs:

Fixed costs = total cost - total variable cost

June = 32,400 - 12*2,200= $6,000

July = 13,200 - 12*600= $6,000

Next, we can compute the total cost for 1,600 units

Total cost = 6,000 + 12*1,600= $25,200
4 0
1 month ago
When talking about buyer-readiness stage in online lecture, we talked about an advertisement that encourages women to buy rings
marusya05 [3725]

Response:

The correct choice is letter "E": Conviction.

Rationale:

The stages of buyer readiness illustrate the process that marketing identifies consumers undergo while making a purchase influenced by advertisements. These stages include: Awareness, Knowledge, Liking, Preference, Conviction, Purchase. In the stage of conviction, marketing is aimed at persuading customers of the product's appropriateness for them. The advertisement seeks to instill confidence in consumers regarding their purchasing decision. Consequently, motivating women to purchase rings for themselves fits within this stage.

4 0
2 months ago
A growing number of utility companies are using drones for site inspections. What is the effect of these changes on the equilibr
stepan [3596]

Respuesta:

A continuación, se presenta la solución a esta pregunta:

Descripción:

El aumento en el uso de drones por parte de los proveedores impulsará su mercado. Un exceso de oferta moverá la curva de moda hacia la derecha si la demanda permanece constante. Esto permitirá que los drones aumenten su valor de equilibrio y también mejoren su rendimiento.

3 0
3 months ago
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