Procter & Gamble is a multinational corporation that manufactures and markets many household products is our goal is to use every opportunity we have no matter how small to set change in motion. To be a force for good and a force for growth. Compute Procter & Gamble's receivable turnover ratio and its inventory turnover ratio.
Ans.1a Account receivables turnover ratio = Net credit sales / Average trade receivables
74756 / 6447
11.60 times
*Net credit sales = Total sales * 90%
83062 * 90%
74756
*Average receivables = (Beginning receivables + Ending receivables / 2
(6508 + 6386) / 2
6447
Ans.1b Inventory turnover ratio = Cost of goods sold / Average inventory
42362 / 6834
6.20 times
Cost of goods sold = Total sales - Gross profit
83062 - (83062 * 49%)
42362
*Average inventory = (Beginning inventory + Ending inventory) / 2
(6909 + 6759) / 2
6834
Ans.2a Days' sales in accounts receivables = No. of days in year / Receivables turnover ratio
365 / 11.60
31.47 days
Ans.2b Days' sales in inventory = No. of days in year / Inventory turnover ratio
365 / 6.20
58.87 days
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The answer to this question is a modified endowment contract. A modified endowment contract or MEC is a type of life insurance policy where in the policy/ insurance is being funded with more money or the insurance premium payment exceeds the amount allowed under the federal law. The modified endowment contracts are taxable.
Answer:
A. The World of trade
Explanation:
The marketplace is an economic system where companies compete with each other in order to sell their products. It is a place where trade occurs. In the broadest terms, a marketplace is the world of trade where buying of goods and services takes place.
Answer:
Team skills
Explanation:
Team skills are the qualities that enable one to work well with colleagues in projects and other collaborations. Having teamwork skills gives one the ability to work amicably with fellow workers, superiors, and clients.
Teamwork involves assisting the team in achieving its objectives quickly and efficiently. Employers favor employees who can lead a well-gelled team. Eduardo got the promotion because he was better with the team.
Some qualities of teamwork skills include.
- Communication skills
- Support skills
- Problem-solving skills
- Conflict resolution skill
- Listens and feedback skill
