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serious [3.7K]
1 year ago
12

What is the reason for putting yourself on a budget?

Business
1 answer:
choli [55]1 year ago
7 0

Answer:

C

Explanation:

Helps you gain control of your finances and helps you achieve goals

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The number of days' sales in receivables a.is an estimate of the length of time the receivables have been outstanding. b.is not
Nostrana [21]

Answer:

a.is an estimate of the length of time the receivables have been outstanding.

Explanation:

The average collection period can be calculated as follows: 365 days in a year divided by the accounts receivable turnover ratio.

Days sales uncollected = Average Account receivable/Net sales*365

A short collection period means prompt collection and better management of receivables. A longer collection period may negatively affect the short-term debt paying ability of the business in the eyes of management.

6 0
3 years ago
Aryanna invests $30,000 today into an investment that earns 5% annually, but interest is compounded continuously. What is the fu
yawa3891 [41]

Answer:

Future Value =$62,367.85

Explanation:

<em>The rate of return earned on the investment can be worked out using the Future value of a lump sum formula. The future value of a lump sum is the amount lump would amount to if interest is earned and compounded at a certain interest rate. </em>

The formula is FV = PV × (1+r)^(n)

PV = Present Value- 30,000

FV - Future Value, - ?

n- number of years- 15

r- interest rate - 5%

Future Value = 30,000× 1.05^15 =62,367.85

Future Value =$62,367.85

3 0
3 years ago
albert finally found a buyer for his five plex in closing this except for the august 8th at closing for
ra1l [238]
He is closing August 8th I thought he was dead
6 0
3 years ago
In order to satisfy as many wants as possible, it is necessary to achieve productive efficiency:
charle [14.2K]

Answer:

(i) since otherwise resources are idle.

(ii) since it would be impossible to produce more of one thing without producing less of another.

Explanation:

When an economy has reached productive efficiency, all resources are being fully utilized such that if the country wants to produce more of one good, they would have to produce less of another.

It is important that a country achieves this level because it would mean that no resource is being left idle and there is no under-performance in the economy.

8 0
3 years ago
A foreign subsidiary of Thun Corporation has one asset (inventory) and no liabilities. The functional currency for this subsidia
Mrrafil [7]

Answer: c. A negative translation adjustment must be reported

Explanation:

The Consolidated financial statements will need to be translated to reflect the depreciation in the Yuan. Seeing as the Yuan is the functional currency, it needs to be translated by the current rate.

The Yuan dropped in value, that means that the inventory dropped in value as well.

For this reason, the corrective measure is a NEGATIVE TRANSACTION ADJUSTMENT in the Consolidated books.

7 0
3 years ago
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