Answer:
Receivables turnover = 11.50 times
Days' sales in receivables = 31.74 days
Average collection period = 31.74 days
Explanation:
<u>Receivables Turnover Ratio</u>
Receivables turnover = Credit Sales / Receivables
= $3,804,200 / $330,800
= 11.50 times
Receivables turnover ratio measures how many times a company's receivables are converted to cash in a period. A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and that the company has a high proportion of quality customers that pay their debts quickly.
<u>Days' sales in Receivables/ Average Collection Period</u>
Days' sales in receivables = 365 days / Receivables turnover
= 365 / 11.50
= 31.74 days
On average, credit customers took 31.74 days to pay off their accounts.
The days' sales in receivable ratio which is also known as the average collection period tells you the number of days it took on average to collect the company's accounts receivable during the past year.
Some of the fundamentals of leadership are character, empathy, and integrity. These are essential ingredients of that make a leader successful. From the list below the best perspective would be: "The best style of leadership depends on the situation."
<h3>What is leadership and why is it important?</h3>
Simply said, leadership involves taking chances and questioning the existing quo. Leaders inspire followers to take on new and improved goals.
Leading an organization's resources toward increased efficiency and goal attainment is a crucial management job. Clear objectives are provided by effective leaders, who also inspire and direct their teams to accomplish the organization's goals.
A competent leader will model appropriate behavior for their team members and foster passion for the task being done. Leaders that are accountable and modest will teach their followers how to act in similar ways. In the process, leaders may give team members a good sense of the corporate culture.
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Answer: Boundaryless organization
Explanation:
Boundaryless organization is an organization that is not hindered or limited by boundaries created through established structures.
It could also mean an organization whose operation is not confined to a particular location or the confine of their office complex.
The idea of boundaryless organization was first conceptualized by Jack Welch who wanted to eliminate any form of barrier (both internally and externally) in the way General Electrics carried out its operations.
•Note that in order to achieved the concept of a boundaryless organization, flexibility and adaptability must be considered.
•Latest technology for getting work done must also be adopted over traditional mode of operation
True. You should consider the interest threshold while selecting a savings account.
Interest thresholds are the maximum amount that you can keep in your savings account, also referred to as the threshold limit. This means that it is important to choose an account that holds the threshold at an amount that is convenient and suitable to your needs.
The other criteria that need to be taken into account while choosing a savings account are:
- fees and penalties
- lowest balance
- interest rates and interest caps
- fluctuating interest rates
- (APY) annual percentage yield
- (APR)
Simple financial transactions are one benefit of a savings account, as well as interest payments, ATM and debit card services, chequebook and passbook services, net banking and mobile banking, and a minimum average balance.
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