Answer:
Cost of goods will be $4670325
Explanation:
We have given current liabilities = $407000
A quick ratio = 1.90
Current ratio is 3.40 and inventory turnover = 4.50
We know that current ratio is the ratio of current assets and current liabilities
So 
So current assets = $1383800
Now quick ratio is equal to = 
So 
Inventory = $1037850
Inventory turnover is given 4.5
So 

So cost of goods sold = 4.5×$1037850 = $4670325
Answer:
A) Accounts receivable turnover ratio = Net credit sales / Average accounts receivable
The following table shows the accounts receivable turnover ratio of MCB and ABI:
Particulars MCB ABI
Net sales $8320 $17400
Average Accounts Receivable $720 $900
Accounts Receivable Turnover rate 11.5 19.3
B)
Day's sale outstanding = Accounts receivable / Total credit sales × 365
The following table shows the days sale outstanding of MCB and ABI:
Particulars MCB ABI
Net sales $8,320 $17,400
Average Accounts Receivable $720 $900
Day's sale outstanding 31.58 18.88
Explanation:
Event recording and direct observation methods
Direct marketing element is used in this case.
<u>Explanation:</u>
Direct marketing in one of promotional methods of marketing that not only involves the description of product and company but also targets the customers. Through this method, the products are sold directly to public and there is no involvement of any middleman. An offer is communicated to a pre-slected customer and is told about the product information and its features.
Thus, in the given case, the promotional method that is being used in direct marketing method.
Answer: Undue influence
Explanation:
Unreasonable control in jurisprudence is a legitimate principle involving one person taking advantage of a position of authority over another. The power imbalance between the parties will vitiate the consent of one party as they are unable to exercise their independent will freely.
"Undue control" means undue coercion forcing another person to act or refrain from acting by overriding the free will of that person and contributing to inequality.