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PtichkaEL [24]
4 years ago
10

A company has net income of $187,000, a profit margin of 8.6 percent, and an accounts receivable balance of $126,370. assuming 6

0 percent of sales are on credit, what is the company's days' sales in receivables? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.)
Business
1 answer:
Olegator [25]4 years ago
7 0
The solution for this problem is get first the total sales, credit sales and receivables turnover.
187,000 / 0.086 = $2,174,418 this is your total sales 

2,174,418 x 60% = $1,304,651 is your credit sales 

1,304,651 / 126,370 = 10.32 times is the Receivables turnover 

365 / 10.32 = 35.37 days is the day's sales in receivables
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Talja [164]

Answer:

Yes.

The loyal customers will also be attracted to the new private label cookie, just as budget shoppers will be attracted.

Explanation:

The proposal, if accepted, may jeopardize the company's normal cookie sales in the supermarket.  The little reduction in the quality of the cookie (which cannot translate to significant production cost reduction) may be perceived as much by some loyal consumers of the normal cookie.  However, the new private label cookie will easily attract budget shoppers, who value the reduced price of $1.99 instead of the normal price of $2.50.  Accepting this proposal should depend on the continued patronage of the normal cookie and the sales number of the private label cookie.

6 0
3 years ago
Dull Computer is planning on issuing new bonds with a par value of $1,000, maturing in 10 years and have been rated at AA. The c
blagie [28]

Answer:

B,$1000

Explanation:

The price of the bond can be computed using the pv formula in excel which is  given below:

=-pv(rate,nper,pmt,fv)

rate is the yield to maturity which is 8%

nper is the time horizon of the bond which is 10 years

pmt is the yearly coupon amount payable by the bond which is 8%*$1000=$80

fv is the face value of $1000

=-pv(8%,10,80,1000)

=$1000

The issue price is $1000 which is the same as par,the quick way out is that when coupon rate and yield are the same,the bond is issued at a par value of $1000

3 0
3 years ago
James hayes owns 510 shares of ohio utility preferred stock. if this preferred stock issue pays $3.50 per share, what is the tot
katovenus [111]
The total amount of the dividends that Mr. James Hayes will receive in one year is $1785 total dividend. 
The formula to get the total dividend is simply multiply the shares by stock issue per share. In this question we have 510 shares and stock issue pay $3.50 per share.
$3.50 per share * 510 shares = $1785 Total dividends
8 0
3 years ago
Combinations of the marketing mix that reflect the unique attitudes, ancestry, communication preferences, and lifestyles of diff
Ne4ueva [31]

Answer:

The answer is: B

Explanation:

Multicultural marketing is a strategy used to tailor marketing content to one or more sub-sets of a specific ethnic group. This strategy capitalises on the different aspects of an ethnic groups identity including: the languages, traditions, religious associations and so on. This is done so as to be more effective in  communicating and persuading the audience in an authentic manner. It is an adaptive marketing strategy that demonstrates appreciation of various cultures.

7 0
3 years ago
Dancing Stars sells ballet, tap, and jazz shoes. For the upcoming year Dancing Stars plans to sell 15,000 ballet shoes, 30,000 t
hammer [34]

Answer:

1: 3: 6

Explanation:

Given that

Ballet shoes sales units = 15,000

Tap shoes sales units = 30,000

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5,000 : 15,000 : 30,000

1: 3: 6

Simply we take simultaneously so that the ratio can easily find out

Hence, the ratio is 1:3:6 of jazz shoes to ballet and tap shoes

6 0
3 years ago
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