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Schach [20]
3 years ago
9

Gregson production is keenly aware of the need to daily strive to produce goods and services more effectively than its competito

rs. therefore, to achieve this standard, gregson's management strives to ____.
Business
1 answer:
katrin [286]3 years ago
8 0
I think there should be an options to choose. Anyway I think, I've got what you mean. I think that the answer is: to achieve this standard, gregson's management strives to <span>maintain quality and efficiency</span>.
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Calculate the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet
Aleksandr-060686 [28]

The receivables turnover ratio and the average collection period for Walco: 141.43 times; 2.58 days.

 

Receivable turnover ratio:

<u>WALCO</u>

Average receivable=1785+2732/2

Average account receivable=4517/2

Average account receivable=$2258.5

Receivable turnover ratio=319427/2258.5

Receivable turnover ratio=141.43 times

Average collection period =365/141.43

Average collection period=2.58 days

<u>TARMART</u>

Average receivable=6016+6544/2

Average receivable=12560/2

Average receivable=$6280

Receivable turnover ratio=64878/6280

Receivable turnover ratio=10.33 times

Average collection period=365/10.33

Average collection period=35.34 days

<u>COSTGET</u>

Average receivable=599+635/2

Average receivable=1234/2

Average receivable= $617

Receivable turnover ratio=65963/617

Receivable turnover ratio=106.87 times

Average collection period=365/106.87

Average collection period=3.42 days

Inconclusion  the receivables turnover ratio and the average collection period for Walco: 141.43 times;2.58 days

Your question is incomplete, but most probably your full question was:

Below are amounts (in millions) from three companies' annual reports. beginning accounts receivable ending accounts receivable net sales Walco $1,785 $2,732 $319,427 Tarmart 6,016 6,544 64,878 CostGet 599 635 65,963 required: 1. calculate the receivables turnover ratio and the average collection period for Walco, Tarmart and CostGet.

Learn more about Receivable Turnover Ratio on: brainly.com/question/24849094

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7 0
1 year ago
Skysong Inc. had beginning inventory of $11,400 at cost and $19,500 at retail. Net purchases were $124,328 at cost and $169,900
RSB [31]

Answer:

The ending inventory at cost using the conventional retail method is $ 40,596

Explanation:

Please see attachment

Download pdf
6 0
4 years ago
justin corp. issues 10,000 shares of $1 par value common stock for $5 per share. the journal entry to record this transaction wi
enyata [817]

The record of the issuance of the stock is debit to cash for $50,000, credit to common stock for $10,000 and credit to excess of common stock of $40,000.

<h3>How to record journal entry for the following transactions?</h3>

A. Entries of the stock

1. Account(cash)

Cash=10,000 shares at $5 per share

Cash=10,000×5=$50,000

Cash to Debit=$50,000

Credit this account=$0

2. Account (common stock)

Common stock=10,000 shares at $1 per value common stock

Common stock=10,000×1=$10,000

Credit account=$10,000

Debit this account=$0

3. Account (Paid-in Capital in Excess of Par - Common Stock)

Paid in capital in excess of par-common stock=50,000-10,000=$40,000

Credit this account=$40,000

Debit this account=$0

This can be written as;

Account                                                Debit ($)                         Credit ($)

Cash (10,000 shares×$5 price)           50,000  

Common Stock (10,000 shares×$1 par)                                     10,000

Paid-in Capital in Excess of Par - Common Stock                     40,000

The record of the issuance of the stock is debit to cash for $50,000, credit to common stock for $10,000 and credit to excess of common stock of $40,000.

To know more about journal entry, refer:

brainly.com/question/14098819

#SPJ4

6 0
2 years ago
Tom oversees the logistics department for a holiday resort in Virginia. He has created a plan to bring in customers directly fro
Schach [20]

Tom should use online services in order to promote his holiday packages. he can promote his packages through it

6 0
3 years ago
Read 2 more answers
Selling price per unit is $68
kari74 [83]

Answer:

Income statement

Sales Revenue                                                                     $  612,000

Variable Overhead cost                                                      $  (315,000)

Fixed manufacturing overhead                                            <u>$ ( 126,000)</u>

Gross Profit                                                                            $   171,000      

Variable Operating expenses                                              $ (    27,000)

Fixed Operating expenses                                                    <u>$(    93,000)</u>

Net Income                                                                              $    51,000

Explanation:

Income statement

Sales Revenue ( 9,000 units * $ 68)                                    $  612,000

Variable Overhead cost ( 9,000 * $ 35 )                             $  (315,000)

Fixed manufacturing overhead                                            <u>$ ( 126,000)</u>

Gross Profit                                                                            $   171,000      

Variable Operating expenses ( $ 3 * 9000 units)               $ (    27,000)

Fixed Operating expenses                                                    <u>$(    93,000)</u>

Net Income                                                                              $    51,000

4 0
3 years ago
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