Hi there
The accounts receivable turnover ratio equals net credit sales divided by average accounts receivable
So
5.0= Net credit sales/ (20,000 + 22,000/2)=
5 x 21,000= 105,000
Net Credit Sales= 105,000
Hope it helps
Answer:
D
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
Supply is perfectly inelastic if a small change in price has no effect on quantity supplied
Answer:
When the organization prefers directness.
Explanation:
The direct strategy of delivering bad news means going straight to break the bad news to the receiver.
In as mush as bad news can be shocking and quite hated by all , yet some people understand that there is a chance of getting bad news in some situations .Such people have a prepared mind and are able to manage such news better.
It is always concise at delivery. However , when using a direct approach , it is advisable to find a way to explain the incidence and end it in a positive way.
The correct answer to this open question is the following.
Although the question is incomplete because it has no specific reference to any information or text, we can say the following.
Probably, the question refers to the author called Brooks, who expresses his arguments supporting Capitalism and the free enterprise system as the better form of an economic system. As he is a firm believer in the free enterprise system, his thoughts are biased.
So to have a better perspective, we need at least, another source on the subject. That is why I did my research and found a book that seems to be a good source of the free enterprise system. It is called "Capitalism and Freedom," written by economist Milton Friedman.
Answer:
Explanation:
Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year.
The solution to the above has been attached.
b. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year (refer to the Chart of Accounts for exact wording of account titles):
The solution to the question has been attached.
It should be noted that:
March 11: Interest Expense was calculated as:
= ($240,000 × 30/360 × 4%)
= $240,000 × 0.0833 × 0.04
= 800
Check the attached file