Answer:
Firm’s sales uncollected for year is 42 days.
Explanation:
Account receivable turnover ratio = $621,000 / $70,422
Account receivable turnover ratio = 8.69
Thus, accounts receivable turnover ratio is 8.69
Average collection period = 365 / Account receivable turnover ratio
Average collection period = 365 days / 8.69
Average collection period = 42.00
Thus, firm’s sales uncollected for year is 42 days.
Answer:
When sending an email, Ellis restates the subject in the body of the message.
Explanation:
Email has some standard guidelines for preparing the email.
It includes that the subject shall also be defined again in the descriptive area, where entire content of email is discussed.
There must be a descriptive line showing the purpose of email.
There shall be supportive subject for the description of email.
If the email has some quantitative data then it shall be summarized using graphs, pictures etc:
In a single email, least topics shall be discussed as that will not confuse the reader, and will be logical, towards the response for such email.
Answer:
$28,300
Explanation:
Calculation to determine the net debt
Using this formula
Net debt=(Short-term interest bearing debt +
Long-term interest bearing debt+Non-interest bearing liabilities)-Cash and equivalents
Let plug in the formula
Net debt=($ 3,000 +$25,000+$ 1,500)-$ 1,200
Net debt=$29,500-$1,200
Net debt=$28,300
Therefore Net debt is $28,300
Answer:
c. fall in the short run, and fall even more in the long run.
Explanation:
The aggregate demand shifts to the left in recession or contractions, in consequence the level of prices falls. For this analysis we consider the shor-run supply curve with a positive slop.
As we know, the economy in the long run tends to equilibrium, where the the production level is fixed and equal to the potential of production of the economy. The initial reduction of prices incentives the consumption in the long run, stabilizing with the long run quantites in a minor level of prices.
In the attached image you can observe the process described previously.
The statement is false. When goods are sold, their cost are transferred from finished goods to sold items.
