An entrepreneur, generally, is someone who starts and runs a business. While an entrepreneur may do odd jobs here and there for other people/companies, he/she is generally self-employed and building a personal brand of some kind.
Answer and Explanation:
The cash conversion cycle refers to the cycle which includes the days inventory outstanding and days sales outstanding and deduct the days payable outstanding
The cash cycle = Days inventory outstanding + days sale outstanding - days payable outstanding
The computation is shown in the attachment below:
As we can see in the attachment the new proposed policy i.e 234.19 days would decrease the cash conversion cycle by 24.27 days as compared with the current proposal policy i.e 258.46 days
If Jermaine defines goals, set objectives and identifies the
steps for having to accomplish them, she is engaged with the management
function of planning as planning is a function in management in having to make
plans in order to acquire specific goals.
Answer:
40,000
Explanation:
Under the direct write-off method, bad debts are expensed. The company credits the accounts receivable account on the balance sheet and debits the bad debt expense account on the income statement.
Allowance for doubtful debt (Opening) = 42,000
Add: Bad de expense = 60,000
Total = 102,000
Less: Allowance for doubtful debt (closing) = 62,000
Write offs = 40,000