Answer:
Firm’s sales uncollected for year is 42 days.
Explanation:
Account receivable turnover ratio = $621,000 / $70,422
Account receivable turnover ratio = 8.69
Thus, accounts receivable turnover ratio is 8.69
Average collection period = 365 / Account receivable turnover ratio
Average collection period = 365 days / 8.69
Average collection period = 42.00
Thus, firm’s sales uncollected for year is 42 days.
Medical school, and internship and residency program
Answer:
a. $181.17
b. $218.82
c. $319.21
Explanation:
If the borrower repays the loan after 2 year
PV = $150
n = 2
r = 9.9%
P/yr = 1
Pmt = $0
FV = ?
Using a financial calculator, FV = $181.1702
The amount that will be due if the borrower repays the loan after 2 year is $181.17.
If the borrower repays the loan after 4 years
PV = $150
n = 4
r = 9.9%
P/yr = 1
Pmt = $0
FV = ?
Using a financial calculator, FV = $218.8175
The amount that will be due if the borrower repays the loan after 2 year is $218.82.
If the borrower repays the loan after 8 years
PV = $150
n = 8
r = 9.9%
P/yr = 1
Pmt = $0
FV = ?
Using a financial calculator, FV = $319.2073
The amount that will be due if the borrower repays the loan after 2 year is $319.21.
A network administrator is a person who maintains the network and information system infrastructure in a company. Jolene would likely do the same job description. She keeps updated with the system requirement at the bank to provide every transaction without a problem. She maintains and controls the network and information system at the bank to ensure there is no system problem<span>.</span>
Answer:
D.
hope this helps ! (: let me know if wrong.
