Problems 5-5 Interpreting accounts receivable turnover (LO5-7) Packaging Corporation of America produces containerboard and white papers. KapStone Paper and Packaging Corporation manufactures unbleached kraft paper products and corrugated products. Financial statement data for these two companies follow: Packaging Corporation of America ($ in millions of dollars) 2011 2012 2013 2014 Sales $ 2,843.9 $ 3,665.3 $ 5,852.6 Accounts receivable at December 31 $ 320.0 352.1 643.1 646.1 KapStone Paper and Packaging Corporation ($ in millions of dollars) 2011 2012 2013 2014 Sales $ 1,216.6 $ 1,748.2 $ 2,300.9 Accounts receivable at December 31 $ 108.3 111.6 232.3 228.7 Required: Determine the receivables turnover ratios for both companies for 2012, 2013, and 2014. (Use 365 days in a year. Round your answers to 1 decimal place.) Which company collected its accounts receivable more quickly in 2014

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na