Answer:
17 Years
Explanation:
Multiply $25,000 and .06 (6%) your answer should be $1,500. $1,500 goes into $25,000 16.66666~ times. Round it to 17. There's your answer.
Answer and Explanation:
The computation of receivables turnover ratio and average collection period for Sun Health and Select Medical is shown below:-
For Sun health
Accounts Receivables Turnover Ratio = Net Sales ÷ Average Accounts Receivables
= Net Sales ÷ ((Accounts Receivables at the beginning + Accounts Receivables at the end) ÷ 2)
= $3,630 ÷ (($300 + $287) ÷ 2)
= $3,630 ÷ 293.5
= 12.4 times
Average Collection Period = Number of days in a year ÷ Accounts Receivables Turnover Ratio
= 365 ÷ 12.37 times
= 29.5 days
For Sun medical
Accounts Receivables Turnover Ratio = Net Sales ÷ Average Accounts Receivables
= Net Sales ÷ ((Accounts Receivables at the beginning + Accounts Receivables at the end) ÷ 2)
= $3,940 ÷ (($499 + $438) ÷ 2)
= $3,940 ÷ 468.5
= 8.4 times
Average Collection Period = Number of days in a year ÷ Accounts Receivables Turnover Ratio
= 365 ÷ 8.41 times
= 43.4 days
The given statement " One of the steps the U.S. Sentencing Commission delineated companies must implement to demonstrate due diligence is that a firm must develop and disseminate a code of conduct that communicates required standards and identifies key risk areas for the organization " is TRUE
Explanation:
The US Sentencing Commission is an official disciplinary body of the United States federal government.
The commission outlined 7 measures to show due diligence for businesses:
1. The company shall establish and disseminate a code of ethics outlining the necessary requirements and defining key danger areas for the organization.
2. Oversight of the system is provided by top-ranking agencies considered to conform with business regulatory and ethical requirements (such as an ethics director, vice president of operations, general advocates and so forth).
3. Nobody should be positioned in a position of authority with a proven potential for wrongdoing.
4. There will also be a training program (Ethics Training) for disseminating principles and procedures.
Answer Choices:
- A and C
- A and D
- B and C
- B and D
Answer:
- A and C
These programs incur intangible drilling costs which are 100% deductible in the year the drilling takes place.
These programs give an immediate deduction for intangible drilling costs.