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soldier1979 [14.2K]
1 year ago
9

10

Business
1 answer:
nata0808 [166]1 year ago
7 0

Answer:

cuvuvigigigigig88g8gigigig8fi

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Below is information from the financial statements of Greenwich Company: Accounts receivable (net) 2016: $2,400 Accounts receiva
ra1l [238]

Answer:

32.44 days

Explanation:

The computation of the average collection period is shown below:

But before that we have to determine the account receivable turnover ratio

So, the account receivable turnover ratio is

= (net sales) ÷ (average of account receivables)

= $25,875 ÷ ($2,400 + $2,200) ÷ 2

= $25,875 ÷ $2,300

= 11.25 times

Now the average collection period is

= Total no of days in a year ÷ account receivable turnover ratio

= 365 ÷ 11.25

= 32.44 days

We assume that the no of days that should be considered is 365 days

7 0
2 years ago
Of money's three functions, the one that distinguishes money from other assets is:
NNADVOKAT [17]

Answer:

Medium of Exchange

Explanation:

The main function that distinguishes money from other assets is that everybody accept the money as a medium of exchange, either for our job or to buy things that we are interested.

Always through history the main function of money was to be a medium of exchange because at the begining money didn't exist so you needed to use different things, first salt, then precious metal and today money as we know.

5 0
3 years ago
What should be the basic goal of a firm when it sets a level of output?
klasskru [66]

Maximizes its profits.

4 0
3 years ago
An agreement that requires employees to settle disputes with their employer using arbitration instead of a lawsuit is known as
Reil [10]

Answer:

An arbitration agreement is a contract in which you and your employer agree that certain disputes will be decided in arbitration, not litigation. When you sign a binding arbitration agreement, you are giving up your right to go to court.

Explanation:

6 0
2 years ago
Toni and beyonze are married and file jointly. during 2016, they paid tuition for their daughter's college in the amount of $23,
azamat
I think it's B

I hope it helped you!
5 0
2 years ago
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