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3 years ago

Describe at least two ways to use credit wisely. (2-4 sentences. 1.0 points)

1 answer:

8 0

The first way to use credit wisely is to pay back the credit company on time. the second way to use credit wisely is to not overspend.

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During the year Waterway reported net sales of $951000. The company had accounts receivable of $75500 at the beginning of the ye

Nookie1986 [14]

Answer:

37.9 days

Explanation:

Given that,

Net sales = $951,000

Beginning accounts receivables = $75,500

Ending accounts receivables = $122,000

Average accounts receivables:

= (Beginning accounts receivables + Ending accounts receivables) ÷ 2

= ($75,500 + $122,000) ÷ 2

= $98,750

Accounts Receivable Turnover:

= Net sales ÷ Average accounts receivables

= $951,000 ÷ $98,750

= 9.63

Average collection period:

= 365 days ÷ Accounts Receivable Turnover

= 365 days ÷ 9.63

= 37.9 days

4 0

3 years ago

3 State three legal obligation of a buyer to a supplier ?

lana66690 [7]

Answer:

Pedagogical analysis is selection of appropriate objectives and strategies in various instructional situations to access the level of actual teaching at the end. A comprehensive vision of required tasks, strategies for realization of specific goals facilitates effective teaching.

#phokatkagyan

8 0

3 years ago

Leaf Co. purchased from Oak Co. a $20,000, 8%, 5-year note that required five equal annual year-end payments of $5,009. The note

Veronika [31]

Answer:

b. $5,560

Explanation:

The computation of the total interest revenue is shown below:

The five equal annual year-end payments = $5,009

For five years, the total amount is

= $5,009 × 5 years

= $25,045

And, the present value of recording the note is $19,485

So, the total interest revenue earned would be

= Five years amount - present value of recording the note

= $25,045 - $19,485

= $5,560

4 0

3 years ago

Which of the following expresses the value of a levered firm (VL) in the Static Tradeoff model of optimal capital structure [Not

Brut [27]

Answer:

C. VL = VU + PV(Tax Shield) - PV(CFD)

Explanation:

The static trade off theory is a theory of capital structure in corporate finance, first proposed by Alan Kraus and Robert H. Litzenberger. The theory emphasizes the trade-offs between the tax benefits of increasing leverage and the cost of bankruptcy associated with higher leverage. The <u>answer is C</u> as we know relative to the unleveraged firm, leverage provides both costs and benefits. The benefits are the tax shields provided by debt.

7 0

4 years ago

Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $344,000 and credit sa

umka21 [38]

Answer:

c. Bad Debt Expense 14,600 Allowance for Doubtful Accounts 14,600.

Explanation:

As for the information provided,

outstanding balance of accounts receivables = $344,000

Also that the uncollectible balance of accounts receivables is estimated = 5% of outstanding balance.

Therefore, balance at year end of allowance for uncollectible shall be = $344,000 $\times$ 5% = $17,200

Provided existing balance of allowance = $2,600

Thus, entry shall be for amounting = $17,200 - $2,600 = $14,600.

5 0

3 years ago