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Aliun [14]
3 years ago
6

Peterboro Supply has a current accounts receivable balance of $391,648. Credit sales for the year just ended were $5,338,411. Ho

w long did it take on average for credit customers to pay off their accounts during the past year
Business
1 answer:
andreyandreev [35.5K]3 years ago
5 0

Answer:

Time taken will be 31.35 days

Explanation:

We have given account receivable = $391648

Credit sales for the year = $5338411

Number of days in an year = 365 days

We have to find the time taken on average for credit customers to pay off their accounts during the past year

Time taken is given by =\frac{365\times account\ receivable}{credit\ sales}=\frac{365\times3 91648}{5338411}=31.35days

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In the Spotlight on Small Business box titled, "Let's Go to the Movies," we learned about a recent marketing idea for movie thea
densk [106]

Answer:

"To differentiate your movie theatre from others" is the correct answer.

Explanation:

  • The small company Spotlight, actually named the smaller biz Spotlight, seems to be a succession of fast, interactive conversations that highlight prominent small business owners.
  • Published the Wikipedia pages but instead, continue the screening process to submit to see your own company featured throughout a spotlight section.

So that the above would be the correct answer.

7 0
3 years ago
If a stock with a beta of 1.4 is expected to return 18% when Treasury bills yield 6%, what is the expected return on the market
ahrayia [7]

Answer:

14.57%

Explanation:

A stock has a beta of 1.4

The expected return is 18%

The risk free rate is 6%

Therefore, the expected return on the market portfolio can be calculated as follows

18%= 6% + 1.4(market return-6%)

18%= 6% + 1.4market return - 8.4

18%= 6-8.4 + 1.4market return

18%= -2.4% + 1.4market return

18%+2.4%= 1.4market return

20.4= 1.4market return

market return= 20.4/1.4

= 14.57%

Hence the expected return on the market portfolio is 14.57%

4 0
3 years ago
Explain how banning performance enhancing drugs levels the playing field for marketers?
katrin [286]

Answer:

Explanation:

because everything is even now

4 0
3 years ago
Battles, Inc. just paid an annual dividend of $1.20 a share. The dividend will not change next year and then increase by 4 perce
storchak [24]

Answer:

The price of the stock today is $24

Explanation:

The price of the stock can be calculated using the dividend discount model. The price of the stock will include discounting back future dividends.

P0 = D0*(1+g) / 1+r  + [D*(1+g) / r-g] / 1+r

P0 = 1.2*(1+0) / 1+0.09  +  [1.2(1+0.04) / 0.09-0.04] / 1+0.09

P0 = $24

4 0
3 years ago
Ornaments, Inc., is an all-equity firm with a total market value of $663,000 and 32,800 shares of stock outstanding. Management
Dvinal [7]

EPS = $1.44 (after rounding off)

<u>Explanation:</u>

<u>The calculation of Earnings per share is as follows: </u>

Particulars                                   Amount

Earnings before interest and tax = 71325

Less: amount of interest = 0

Earnings before tax = $71325

Less : the amount of tax ( 34 percent) = 2425.05

Net income = $47074.5

The number of shares given = 32,800

The formula of calculating the earning per share is = Net income divided by the number of the shares of a company

Thus, EPS = $47074.5 divided by 32,800 = $1.44 (rounded oof)

7 0
3 years ago
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