Answer:
The correct answer is 40.6 days. None of the options is correct.
Explanation:
The average collection period of the accounts receivable is how long it takes the company to collect its accounts receivable. It is expressed as: (Average accounts receivable / Net credit sales) x 365 days.
Average collection period = [($760,000 + $840,000)/2 / $7,200,000] x 365 days = 40.6 days
This means it takes the company 40.6 days to collect its accounts receivable.
Answer:
.c. $25, because this is the highest valued alternative forfeited
Explanation:
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
If I attend my economics class, the $25 I would be missing out on is the opportunity cost because it is the highest valued alternative (which indicates that it is the next best option) I forfeited.
I hope my answer helps you
Answer:
A 12.5%
Explanation:
Given that:
Contribution margin = 40%
Sales = $312,500
Net operating income = $25,000
Average operating assets = $200,000
The formula for return on investment is
= Net operating income ÷ Average operating assets
= $25,000 ÷ $200,000
= 12.5%
Therefore, the company's net return on investment is 12.5%
Answer:
e. Samantha, who quits her job to look for a better one
Explanation:
This is a topic in economics and business that seeks to test your understanding of business cycles. This particular question is on frictional unemployment.
The main feature of frictional unemployment is that there is someone or a group of people who are actively looking for work. They remain unemployed until they find work.
The other answers in the question point to people who are not looking for work and thus do not make up part of the frictionally unemployed population group.
E.g Sylvia quit her job to spend more time with the kids, the college student who quit work to return to school etc... all these are not actively looking for job.
I hope this helps you understand the question better and you can solve similar questions
The technology associated with the manufacturing computers has advanced tremendously. This change has led to the price of a computer <u>falling</u> and the quantity <u>increasing</u>.
Lower prices most likely results in a higher demand for the product in question, which will increase the production rate of that product.
