Answer:
the Days sales outstanding is 49 days
Explanation:
The computation of the days sales outstanding is shown below:
Days sales outstanding is
= Average accounts receivable ÷ Credit sales × 365 days
= (($520.2 million + $486.6 million) ÷ 2) ÷ $3,749.9 million × 365 days
= 49 Days
hence, the Days sales outstanding is 49 days
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Other part of question attached
Answer and Explanation:
Answer and explanation attached
Answer:
D) Debit income summary 187000, credit revenues 187000
Explanation:
When dividend is declared, following journal entry is passed
Retained Earnings Dr.
To Dividend Payable
(Being declared dividend recorded)
When dividends are actually paid, the journal entry is
Dividend Payable A/C Dr.
To Cash A/C
(Being dividend paid recorded)
Income summary account is prepared as a temporary account while income statement represents permanent account.
Income summary shows net income balance i.e Revenue less expenses.
As per the given information in the question, debiting income summary account with total revenues of $187000 would be wrong.
Explanation:
In this case, the ideal would be for the new manager Malik to develop an action plan so that he could retain the employee that everyone referred to as one of the best in the company and with high potential.
When the employee exposes his or her dissatisfactions with the job to the manager, such as exhaustion and frustration, the manager must conduct an in-depth analysis of the causes of the employee's problem. It is important to know that exhaustion can be caused by overwork and frustration due to lack of motivation and challenges at work.
The ideal, therefore, would be for Malik to find a strategy to make the exemplary employee's work more flexible and thus his tasks would become more dynamic and facilitated as much as possible, which would assist in the employee's productivity and motivation.
It would also be ideal to institute new work challenges for employees with appropriate training and work redesign, so that their problems are reduced and their appreciation and satisfaction with their work is increased.
