Answer:
2 times
Explanation:
The computation of accounts receivable turnover is shown below:-
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $1,000,000
And, the Average accounts receivable is
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ( $700,000 + $300,000) ÷ 2
= $500,000
Accounts receivable turnover = Net sales ÷ Average accounts receivable
= $1,000,000 ÷ $500,000
= 2 times
Answer: A business legally separate from its owners.
Explanation:
A corporation is an organization which is seen legally as being separate from the owner(s). Legally, a corporation is seen as being on its own and therefore can: obtain loans, be Sue, pay taxes etc.
Each player owe Brian 92 cents.
4.99+5.99 = 10.98
10.98/12 = .915 or approximately 92 cents
to check : .915 x 11 = 10.065 + .915 (brian's share) = 10.98
Answer:
$200 of revenue, $400 of deferred revenue
Explanation:
The journal entry to record the entry on August 1 is shown below:
Unearned revenue A/c Dr $200
To Revenue $200
(Being the two-month revenue is recorded)
The computation is shown below:
= Six-month revenue × number of months ÷ total number of months
= $600 × 2 months ÷ 6 months
= $200
The two months is calculated from June 1 to August 1
The remaining balance would be transferred to the deferred revenue account
= $600 - $200
= $400
Answer:
d. Thailand should export rice and import cell phones
Explanation:
Analyzing the question, it is correct to say that Thailand should export rice and import cell phones.
To understand why this statement is correct, we need to understand the concept of comparative advantage and absolute advantage.
The comparative advantage occurs when a country has great efficiency in producing a certain good, that is, the production is specialized and therefore advantageous in relation to another country. So it is correct to say that Thailand, having a comparative advantage in rice, should export rice to achieve greater economic advantage.
The absolute advantage, on the other hand, corresponds to the production of a good with lower costs than another country, but Thailand should import cell phones because Indonesia has a comparative advantage in cell phones, which makes it more competitive than Thailand in this segment.
