Answer:
The correct answer is 40.6 days. None of the options is correct.
Explanation:
The average collection period of the accounts receivable is how long it takes the company to collect its accounts receivable. It is expressed as: (Average accounts receivable / Net credit sales) x 365 days.
Average collection period = [($760,000 + $840,000)/2 / $7,200,000] x 365 days = 40.6 days
This means it takes the company 40.6 days to collect its accounts receivable.
Answer:
Following journal entries would be recorded:
Cash A/C Dr. $144000
To Common Stock (4800 shares × 10) 48000
To Paid in capital A/C (4800 shares × 20) 96000
(Being issue of common stock recorded)
Treasury Stock A/C (470 × 25) Dr. 11750
To Cash A/C 11750
(Being purchase of 470 shares recorded)
Cash A/c (470 shares × 30) Dr 14100
To Treasury Stock A/C (470 × 25) 11750
To Paid in capital from treasury stock 2350
(Being sale of treasury stock being recorded)
Answer:
The answer is: Multi-segment marketing
Explanation:
Multi-segment marketing (or differentiated marketing) happens when a company tries to increase their market share by offering their products to different marketing segments. They try to reach as many market segments they can, using different promotional strategies for every segment. Nowadays, only big companies can afford this type of marketing strategy.
Answer:
Formula field with a return type of currency.
Explanation:
