Answer and Explanation:
The disagreement arise between this economist is due to the differences in the scientific judgements as they disagree due to the various scientific judgements. And, despite their differences, the proposition of two economists should be chosen at random as the tariff and import quotas normally decreased the economic welfare as it always result in deadweight loss and in this both economist should be agree for the same
Answer:
A) Accounts receivable turnover ratio = Net credit sales / Average accounts receivable
The following table shows the accounts receivable turnover ratio of MCB and ABI:
Particulars MCB ABI
Net sales $8320 $17400
Average Accounts Receivable $720 $900
Accounts Receivable Turnover rate 11.5 19.3
B)
Day's sale outstanding = Accounts receivable / Total credit sales × 365
The following table shows the days sale outstanding of MCB and ABI:
Particulars MCB ABI
Net sales $8,320 $17,400
Average Accounts Receivable $720 $900
Day's sale outstanding 31.58 18.88
Explanation:
in the bcg matrix, Cash cow are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
<h3>What is cash cow?</h3>
A cash cow can be described as the metaphor for a dairy cow when the production of milk is on, in the course of its life and requires little to no maintenance.
Therefore, in the bcg matrix, Cash cow are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
Learn more about Cash cow at:
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Answer:
May 1, petty fund is established
Dr Petty cash fund 550
Cr Cash 550
May 15, petty cash expenditures are recorded
Dr Janitorial services expense 194
Dr Miscellaneous expenses 101
Dr Postage expenses 68
Dr Advertisement expenses 34
Dr Cash short and over 77
Cr Petty cash fund 474
May 15, petty cash fund is replenished
Dr Petty cash fund 474
Cr Cash 474
May 16 Prepared a company check for $200 to increase the fund to $600.
Dr Petty cash fund 200
Cr Cash 200
May 31, petty cash expenditures are recorded
Dr Postage expenses 205
Dr Delivery expenses 34
Dr Reimbursement of business mileage to office manager 10
Dr Cash short and over 45
Cr Petty cash fund 294
May 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $16, leaving a total of $440.
Dr Cash 16
Cr Petty cash fund 16
Answer:
A strong economy country is a country with wealth and has a high currency value. While the currency value is low for the weak economy country.
Explanation:
A country having a strong economy means that the country is thriving and prospering. The economic growth of a strong economy have a high rate. It means the national GDP of a country is high and there is an increase in the average income of the people.
While a country with a weak economy has a lower growth rate. The poverty and unemployment rate of the country is also high. GDP growth is minimum.
Some of the important measures that can be taken to make a strong economy is that employment, education, increase national produce and services, controlling inflation, eliminating corruption and many more.