Business, 16.11.2019 03:31, Ackussinglake63
Carter lumber sells lumber and general building supplies to building contractors in a medium-sized town in montana. data regarding the store's operations follow:
o sales are budgeted at $380,000 for november, $390,000 for december, and $400,000 for january.
o collections are expected to be 70% in the month of sale, 27% in the month following the sale, and 3% uncollectible.
o the cost of goods sold is 65% of sales.
o the company desires to have an ending merchandise inventory equal to 80% of the following month's cost of goods sold. payment for merchandise is made in the month following the purchase.
o other monthly expenses to be paid in cash are $22,000.
o monthly depreciation is $20,000.
o ignore taxes.
Answers: 2
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Calculating and interpreting eps information wells fargo reports the following information in its 2015 form 10-k. in millions 2015 2014 wells fargo net income $24,005 $24,168 preferred stock dividends $1,535 $1,347 common stock dividends $7,400 $6,908 average common shares outstanding 5,136.5 5,237.2 diluted average common shares outstanding 5,209.8 5,324.4 determine wells fargo's basic eps for fiscal 2015 and for fiscal 2014. round answers to two decimal places.
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Carter lumber sells lumber and general building supplies to building contractors in a medium-sized t...
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