Accounts Receivable Turnover is 13.1 and the number of days in sales receivables is 27.8 days which is approx 28 days.
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What is an Accounts Receivable Turnover?</h3>
Accounts Receivable Turnover is a turnover of several times per year a business collects its average accounts receivable.
Given
Sales=$1,243,190 (we assume whole sales on credit bases)
Average Accounts Receivable=$94,900
No of Days in a Year= 365(days)
Required to calculate:
Accounts Receivable Turnover=?
Number of days sales in receiables=?
Calculation of Accounts Receivable Turnover = Sales is divided by the average accounts receivable.
=$1,243,190/94900
=13.1 times
Calculation of Number of Days sales in Receivable= Number of Days in Year/ Accounts Receivable Turnover
=365/13.1 =28 Days(Approx)
Thus, the Accounts Receivable and a number of days sales in receivables are 13.1 times and 28 days respectively.
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Logistics, budgeting, supplier relations, buying, staffing, and more are tasks that require operations managers to interact with every purposeful place of an enterprise.
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Answer: The fraud that is committed by a company president
Explanation:
Because of the ability to override internal controls, it is difficult to prevent the fraud that is committed by a company president.
Overiding the existing rules and policies guiding the organization makes it hard for the president Frau to be prevented.
Question Completion with options:
a. Past performance information provided directly by the offeror should not be relied upon.
b. The past performance evaluation satisfies the responsibility determination required under FAR subpart 9.1.
c. Evaluations should take into account past performance information regarding predecessor companies.
d. Offerors with demonstrated past performance that is neither relevant nor recent must not be removed from further consideration for award.
Answer:
The statement that is true regarding the evaluation of the past performance is:
c. Evaluations should take into account past performance information regarding predecessor companies.
Explanation:
It has been established that past performance is the best indicator of future performance. Past performance can predict future performance, behavior, and success. Organizations that achieve some good performance in the past build the required confidence, which will help them to forge ahead in the present and future. This is why in selecting companies for a negotiated competitive services acquisition, even the past performance of predecessor companies should be reviewed to get a better handle on the company's ability to deliver on the projects.
