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Jlenok [28]
3 years ago
15

​Piper, Inc. reported sales of $ 348000.00​; beginning net Accounts Receivable of $ 89000.00 and ending net Accounts Receivable

of $ 109000.00. What is Piper​ Inc.'s Accounts Receivable​ turnover?
Business
1 answer:
nadezda [96]3 years ago
4 0

Answer:

3.52 times

Explanation:

Given that,

Sales = $348,000

Beginning net Accounts Receivable = $89,000

Ending net Accounts Receivable = $109,000

Average accounts receivable:

= (Beginning net Accounts Receivable + Ending net Accounts Receivable) ÷ 2

= ($89,000 + $109,000) ÷ 2

= $198,000 ÷ 2

= $99,000

Accounts Receivable​ turnover:

= Sales ÷ Average accounts receivable

= $348,000 ÷ $99,000

= 3.52 times

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An owner who is active in managing the company, and who has unlimited liability for claims against the firm is a(n) ___________
Law Incorporation [45]

An owner who is active in managing the company, and who has unlimited liability for claims against the firm is a "general" partner.

A general partnership, the essential type of association under common law is a course of action by which at least two people consent to partake in all advantages, benefits and monetary and legitimate liabilities of a business. Such partners have boundless liability, which implies their own assets are at risk to the partnership's commitments.  

6 0
3 years ago
Rick Palmer received a $2,500 raise this year. This increased his salary as an associate TV producer from $45,000 to $47,500. Wh
PilotLPTM [1.2K]

Answer: Rick had a 5.55%  nominal salary Increase.

Explanation:  In Finances & Economics , Nominal value is measured in terms of money . This means that the value has not been adjusted against inflation and will only show the "Number Value" rather than the economic value which is how much purchase power this salary increase really means.

The formula to calculate the % for this nominal increase is : (Final Value - Initial Value) / Initial Value * 100 ==>> ($47500-$45000)/$45000 = 0.55 *100 ===> 5.5%

4 0
3 years ago
Maso Company recorded journal entries for the issuance of common stock for $200,000, the payment of $65,000 on accounts payable,
cricket20 [7]

Answer:

Increase of $95,000

Explanation:

Stockholder equity: It records the issue of shares, retained earnings, and deduct the dividend amount if declared.

The expenses which are related to the business is directly or indirectly affect the stockholder equity.

So, the net effect is shown below:

Issuance of common stock = $200,000

Less - Payment of salaries expense = $105,000

So, the net effect would be equal to

= $200,000 - $105,000

= $95,000

The accounts payable does not affect stockholder equity. So, it would not be considered.

This $95,000 would increase stockholder equity.

7 0
3 years ago
The​ after-tax cost of debt is higher than the​ before-tax cost of debt. True or False
olasank [31]

Answer:

False

Explanation:

The after cost of debt is always lower than the before tax cost of debt. For example, a company borrows $1,000,000 and pays 7% interest per year. This results in $70,000 in interest expense before taxes = $1,000,000 x 7% = $70,000.

The after tax cost of the debt = $1,000,000 x 7% x (1 - tax rate) = $1,000,000 x 7% x (1 - 21%) = $1,000,000 x 7% x 0.79 = $55,300

5 0
2 years ago
Assuming that the term structure of interest rates is determined as posited by the pure expectations theory, which of the follow
Sidana [21]

Answer:

c. The maturity risk premium is assumed to be zero.

Explanation:

In the case when the term structure of the rate of interest would be measured via the pure expectations theory so here the maturity risk premium would be zero as under this theory it is assumed that the risk premium i.e. of the long term would be equivalent to the zero

Therefore the option c is correct

And, the rest of the options seems wrong

8 0
2 years ago
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