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CaHeK987 [17]
1 year ago
5

what does a receivables turnover of 7 times represent? multiple choice question. the company took an average of 7 days to collec

t on their sales. the company's average accounts receivable collection period is 7 days. the company issued and collected trade credit, at the level of its accounts receivable balance, 7 times during the year. the company collected on their sales and sold the accounts receivable for 7 times their worth.
Business
1 answer:
aniked [119]1 year ago
6 0

A turnover of 7 times represents the company issued and collected trade credit, at the level of its accounts receivable balance, 7 times during the year.

The number of times per year that a company collects its average accounts receivable is referred to as accounts receivable turnover.Accounts receivable turnover is a measure used by accountants and analysts to assess how effectively businesses collect on credit given to customers.

The higher your receivable turnover ratio, the better, because it indicates that your customers pay their invoices on time and that your company collects debts efficiently. A higher turnover ratio also indicates improved cash flow and a more solid balance sheet or income statement.

To know more about receivables turnover, click here.

brainly.com/question/16447941

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Krisp Systems decides to move production to a developing country where they are free to pump pollutants into the atmosphere with
Delvig [45]

Answer:

Environmental hazards and underdevelopment

Explanation:

Aware of existing policies to curb the careless release of pollutant to the atmosphere, relocating to developing country's amounts to refusal to pay taxes, cutting corners in order to make more profits and reduction in additional cost to operations. But most importantly, the company is not a promoter of the eradication of environmental hazards.

4 0
3 years ago
There is a bond with a coupon of 7.6 percent, seven years to maturity, and a current price of $1,032.20. What is the dollar valu
Radda [10]

Answer:

The dollar value of an 01 is:

$78.4472

Explanation:

a) Data and Calculations:

Bond coupon = 7.6%

Current price = $1,032.20

The yield to maturity value = $1,032.20 * 1.076 = $1,110.6472

Dollar value of an 01  = $1,110.6472 - $1,032.20 = $78.4472

b) In calculating the dollar value of the bond, which is a measure of the change in the value of the bond portfolio for every 100 basis point change in the interest rates, this is referred to as DV01 (that is, dollar value per 01).  Often denoted as 100 basis points (bps), 0.01 is equivalent to 1 percent.

3 0
2 years ago
Economists make assumptions in order to Select one: a. mimic the methodologies employed by other scientists. b. minimize the num
Deffense [45]

Answer:

The correct answer would be option D, Focus their thinking on the essence of the problem at hand.

Explanation:

An economist is a person who has expertise or who is an expert in the field of Economics. The Economists make assumptions about the economies to focus their thinking on the essence of the problem they have at the moment. They predict the economy, they analyze the economy, they suggest solutions to the problems concerning the economy on the basis of their experience and the new studies being carried up by them. So for this purpose they make assumptions because they want to clearly analyze the situations and want to see what impact their decision will make on the economy, which give them a clear picture about the possible solutions of the problem they have at hand at the moment.

6 0
3 years ago
A one-year membership to a gym costs $725 total. the registration fee is $125 of the total, and the remaining amount is paid mon
FinnZ [79.3K]
The first thing to do is to subtract the registration fee from the total

725-125=600

then divide the remaining number by 12 because it is monthly 

600/12=50

new members will pay $50 each month

I hope I've helped!
6 0
3 years ago
your client began purchasing shares of the gro mutual fund two years ago. she has followed a dollar cost averaging approach by i
Tems11 [23]

The client's average cost per share of GRO is $40.61

<h3>What is the cost per share of stock?</h3>

The most recent price at which a stock has traded is known as the "share price," or market price per share of stock. When the price a buyer is prepared to pay for a stock meets the price a seller is willing to accept for a stock, it happens as a result of market forces. Divide the total cost of the acquisition by the number of shares purchased to arrive at the average price per share.

Given:

Net asset value of fund(X)  Number of shares purchased(Y)            X×Y

$                             44.44                                            45                     $1,999.80

$                             38.46                                            52                     $1,999.92

$                             33.90                                            59                     $2,000.10

$                             48.78                                             41                      $1,999.98

Total                                                                            197                     $7,999.80

Client's average cost per share                                                                                  $ 40.61

Average cost per share = 7999.80/197 = $40.61

To learn more about average cost per share, visit:

brainly.com/question/10375920

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5 0
1 year ago
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