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jasenka [17]
3 years ago
15

What is the opposite of a non convertible currency?

Business
1 answer:
Cerrena [4.2K]3 years ago
3 0
The opposite of a non convertible currency would be a convertible one

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Q 8.17: The financial statements of the Larson Company report net sales of $1,000,000 and accounts receivable of $80,000 and $60
Phoenix [80]

Answer:

25.55 days

Explanation:

first we must calculate the accounts receivable turnover ratio = net sales / average accounts receivable

net sales = $1,000,000

average accounts receivable ($80,000 + $60,000) / 2 = $70,000

accounts receivable turnover ratio = $1,000,000 / $70,000 = 14.286

average collection period = 365 days / accounts receivable turnover ratio = 365 / 14.286 = 25.55 days

8 0
3 years ago
The Heartlake Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the to
ryzh [129]

Answer:

The Question is Incomplete; Full Question is as follows;

Using variable​ costing, what is the contribution margin for last​ year?

<em>Contribution Margin = $362,900</em>

Explanation:

Computation of expenditure margin by differential costing;

<em>Sales </em><em>Minus </em><em>variable cost </em>

  • Sales (190,000 *$8.20)

= $1,558,000  

  • Variable cost of Manufacturing(190,000 units *$1.84)

= $349,600

— variable sales and administrative costs(190,000 units *$4.45)

= $845,500

= contribution margin = $362,900

<em>Keep in mind that; </em><em>Set or Fixed expenses and overhead costs are not taken into account when trying to calculate the contribution margin.</em>

7 0
3 years ago
What does s1 stand for in the formula to calculate moving averages?
elena-14-01-66 [18.8K]
In medical terms it would be the first sacral vertebra through the fifth sacral vertebra

4 0
2 years ago
Jennifer is excited to be retiring after 35 years of service as a high school English teacher. Over the past 35 years, Jennifer'
LiRa [457]

Answer: $925.505

Explanation:

Given that,

Number of years of service = 35

Jennifer's average annual salary = $26,443

There is one assumption that she will receive 42% of her average annually.

Receive on a annually basis = 42% of $26,443

                                               = 0.42 × $26,443

                                               = $11,106.06

Jennifer expect to receive on a monthly basis = \frac{Receive\ on\ annually\ basis}{12}

                                                                             = \frac{11,106.06}{12}

                                                                             = $925.505

4 0
2 years ago
What is a balance sheet? How does it support business?
exis [7]
A balance sheet is a summary of all of your business assets (what the business owns) and liabilities (what the business owes). At any particular moment, it shows you how much money you would have left over if you sold all your assets and paid off all your debts (i.e. it also shows 'owner's equity').
6 0
2 years ago
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