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yuradex [85]
3 years ago
7

The financial ratio that indicates how efficiently the managers of the organization are collecting the revenue due to the organi

zation from the sale of its products or services is the _____________ ratio.
Business
2 answers:
Marysya12 [62]3 years ago
4 0
It is the Days sales outstanding ratio or the DSO ration. It can be computed to estimate the firms' average account receivable. It illustrates on how the firm's receivable will be managed. It is usually determine on an annual, monthly and quarterly basis.
Yuri [45]3 years ago
3 0

Answer:

The financial ratio that indicates how efficiently the managers of the organization are collecting the revenue due to the organization from the sale of its products or services is the: Days outstanding ratio

Explanation:

The days outstanding ratio is the calculation employed to discover the accounts receivable. However, instead of doing it in money it does it in the average number of sales per day. It is also calculated per month and it might reflect a company with low performance of reuniting its payments. It is also a good way to understand the performance of the business and figure out if there is a need to improve the results.

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Lewis and Associates has been in the termite inspection and treatment business for five years. The following is a list of accoun
astraxan [27]

Answer:

Lewis and Associates

1. Identification and Analysis of the items of additional information:

a. Rent Expense $400 Prepaid Rent $400

b. Depreciation Expense $150 Accumulated Depreciation $150

c.Cost of Chemical Used $8,100  Chemical Inventory $8,100

d. Wages and Salary Expense $1,080 Wages and Salary Payable $1,080.

e. Income Tax Expense $1,905 Income Tax Payable $1,905

2. On the basis of the information, Lewis and Associates appears to be a profitable business, making a margin of 11% in after-tax income.

Explanation:

a) Additional Data and Analysis:

a. Rent Expense $400 Prepaid Rent $400

b. Depreciation Expense $150 Accumulated Depreciation $150

c.Cost of Chemical Used $8,100  Chemical Inventory $8,100

d. Wages and Salary Expense $1,080 Wages and Salary Payable $1,080.

e. Income Tax Expense $1,905 Income Tax Payable $1,905

30% of the income for the month.

Income Statement for the Month Ended June 30

Treatment Revenue               $40,600

Cost of Treatment Chemical      8,100

Gross profit                            $32,500

Expenses:

Wages and Salary      $23,500

Utilities                             1,240

Advertising                        860

Depreciation                      150

Rent                                  400

Total expenses                        $26,150

Income before taxes                $6,350

Income taxes                               1,905

Net income                               $4,445

7 0
3 years ago
Big and Tall, CPAs, were auditing Mountain Corporation for the year ended December 31, 2019. On January 15, 2020, a major custom
AURORKA [14]

Answer:

The correct answer is Option B.

Explanation:

Based on IAS 10 Events after the Reporting Period, subsequent events can be an adjusting event or non-adjusting event. If it is an adjusting event, it means an event after the reporting date before the audited financial statements are signed that provides further evidence of conditions that existed at the reporting date. However, non-adjusting events are events after the reporting date that are indicative of a condition that arose after the reporting date, this requires disclosure in the financial statements while for adjusting events, the financial statements are adjusted for condition that arose after the reporting date.

The declaration of the customer as bankrupt is an adjusting event since it affects the receivable collection, hence the need to adjust it as uncollectible,

4 0
3 years ago
The four seasons spa and salon has retained a marketing consultant to assist them with its annual strategic planning retreat. Sh
Alecsey [184]

Firms are known to have goals. the first activity the organization should pursue as part of its strategic planning process is to;

  • Review or establish the organization's mission and goals.

<h3>What is the mission and goals of the Organization about?</h3>

The mission of any firm is said to show or depicts the organization's past and present by using or stating why the organization exists.

It also talks about the role a firm plays in society. Goals are said to be some key aims that organizations have to pursue so as to reach their visions and missions.

The best goals are regarded as SMART. which means: specific, measurable, achievable, realistic, and time-bound.

Learn more about organization's mission from

brainly.com/question/4269555

6 0
2 years ago
When the United States imports more than it exports, then the balance of payments would record a negative entry in the financial
wel

Answer:

The answer is B a negative entry in the current account.

Explanation:

Balance of payments accounts of a country is the recording economic transactions (the payments and receipts) of the residents of the country with residents of other countries during a period of time.

Balance of Payments is in deficit or negative if imports are more than the exports and it is in surplus or positive if exports are more than imports during a period of time.

We have three categories of Balance of Payments:.

1. The current account which records the inflow and outflow of goods and services.

2. The Financial account which records

monetary flow like investment in real estates, fixed income(bonds), stocks etc.

3. The capital account which records the investments in fixed assets like land.

6 0
3 years ago
In Opulencia, the marginal propensity to save is only 0.10. In an effort to promote the virtues of saving, the government starts
BartSMP [9]

Answer:

B) The multiplier falls, making spending less powerful.

Explanation:

As we know that the multiplier refers to a factor where the changes with respect to increase or decrease of another things is to be seen.

Also,

MPS + MPC = 1

And,

Multiplier = 1 ÷ (1 - MPC)

or

= 1 ÷ MPS

In addition to this, MPS has the negative relationship with the multiplier

that means if the MPS increased then the multiplier decreased and vice versa

Therefore the option B is correct

4 0
3 years ago
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