Business, 14.04.2021 05:20, Jorianes

The following information applies to the Wills Wayside Inn, which is a 200-room lodging facility: Current Ratio 1 to 1
Acid-test Ratio. .8 to 1
Accounts Receivable = $60,000
Operating efficiency ratio. = 30 percent
Total Current Liabilities. = $100,000
Accounts Receivable Turnover = $400,000
Assume the following:
1. The Accounts receivable turnover is based on CHARGE sales only, which represents 50 percent of total sales,
2. The balances of all balance sheet accounts did NOT change from the beginning to the end of the year.
REQUIRED:
Determine each of the following:
1. Quick Assets
2. Total Sales
3. Total Income after undistributed operating expenses
4. Labor cost percentage
5. During June, 4,500 rooms are sold. Assume two rooms are not available each say for legitimate business purposes; that is, they are not available for sale. What is the paid occupancy percentage?
6. If total assets equal $1,000,000 at the end of the year, what is the total assets turnover?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 18:20, winterblanco

Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.

Answers: 1

continue

Business, 21.06.2019 20:30, asalaslex133369

As a group is leaving, you ask them if they had a good experience at the restaurant. they mention that they had poor service and their food was cold. a. apologize and ask them to give the restaurant another chance in the future. you tell them that guests usually have a great experience here. b. apologize then ask for the server’s name and immediately notify the manager after they leave. c. apologize for the bad experience and ask them to wait as you call the manager to talk to them. d. apologize for the bad experience and encourage them to complete the customer service survey. this feedback will ensure other guests do not have the same experience.

Answers: 2

continue

Business, 22.06.2019 13:10, idk1561

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.

Answers: 1

continue

Business, 22.06.2019 21:10, elijahedgar876

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.

Answers: 3

continue

Do you know the correct answer?

The following information applies to the Wills Wayside Inn, which is a 200-room lodging facility: C...