Williams & sons last year reported sales of $16 million, cost of goods sold (cogs) of $12 million, and an inventory turnover ratio of 4. the company is now adopting a new inventory system. if the new system is able to reduce the firm's inventory level and increase the firm's inventory turnover ratio to 6 while maintaining the same level of sales and cogs, how much cash will be freed up? do not round intermediate calculations. enter your answer in dollars. for example, an answer of $1.23 million should be entered as 1,230,000,000. round your answer to the nearest dollar.

For each of the following users of financial accounting information and managerial accounting information, specify whether the user would primarily use financial accounting information or managerial accounting information or both: 1. sec examiner 2. bookkeeping department 3. division controller 4. external auditor (public accounting firm) 5. loan officer at the company's bank 6. state tax agency auditor 7. board of directors 8. manager of the service department 9. wall street analyst 10. internal auditor 11. potential investors 12, current stockholders 13. reporter from the wall street journal 14. regional division managers

According to the naeyc curriculum is effective when all of the following occur except

On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?