Answer:
Total sales = $1650000
Explanation:
Below is the given values:
Quick ratio = 1.0
Current ratio = 3.5
Current assets = $980000
Marketable security = $115000
Current ratio=Current assets/Current liabilities
3.5 = 980000 / Current liabilities
Current liabilities = 980000/3.5
Current liabilities = 280000
Quick ratio=Quick assets/Current liabilities
1.0 =Quick assets/280000
Quick assets = 1.0 x 280000 = 280000
Quick assets = Marketable security + Accounts receivable
Accounts receivable = 280000 - 115000
Accounts receivable = $165000
Days sales outstanding=(Accounts receivable/Total sales)*Days in a period
36.5 = (165000 / total sales ) x 365
Total sales=$165,000/(36.5 days/365 days
Total sales = $1650000
Answer:
The correct answer is spend more presentation time informing the audience.
Explanation:
The presentation of the product is an action that announces the result of the research and development of a product. Among the different types of presentation, when it comes to a product you have to take into account aspects that go beyond how to make a professional presentation. This will be part of the event, but from the creative process through the place or organization of the event.
Phases of product presentation:
-
Briefing: this will be the key so that the result does not surprise or give an unexpected sensation to the client. Listening to your needs and expectations is important, as well as accompanying you in the process and not allowing an idea that does not benefit the product.
- Proposal: to present the project proposal is to teach a draft of the idea to continue or not along that path.
- Prepare a presentation: in this case the product presentation is similar to what we would do to present a project, with the difference that it must be extended in the parts related to the product, also providing information about the aesthetic part. You have to develop all the parts that affect the launch of a product.
- Team management: the product presentation includes many details: from the place where it will be done, through the communication of the event.
Answer:
D. base an employee's salary on the number of task skills he or she possesses.
Explanation:
Pay for knowledge programme as the name implies, is when an employer renumerate an employee for learning or developing new skills/task on the job.
If an employee develop new skills while working and then get renumerated, this will make the employee get himself or herself acquainted with the company. In order words, the employee will go out of his way to improve his efficiency in terms of increase in productivity due to the new task skill gained.
In this reward system, the employer rewards the employee with payment increase for leaning new task and skills on the job which is beyond their regular activity.
Answer: The journal entry for this returned purchase is as follows;
Dr. Sales Returns and Allowances $500
Dr. Merchandise Inventory $150
Cr. Accounts Receivable $500
Cr. COGS $150
Explanation:
The sales account is the revenue of the good/item purchased. The merchandise inventory is a type of an assets. The journal entry is important to a business so that they can track expenses incurred for the returned item. A new entry will need to be made when a new sale is made.