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bagirrra123 [75]
3 years ago
6

The financial statements of the Skysong, Inc. reports net sales of $372000 and accounts receivable of $60000 and $31200 at the b

eginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?
a. 4.5 times
b. 8 times
c. 9 times
d. 10.3 times
Business
1 answer:
UkoKoshka [18]3 years ago
8 0

Answer:

It will be 8.15 times which is not in the given option

Explanation:

We have given that net sales = $372000

Account receivable at the beginning = $60000

And account receivable at the end = $31200

Average account receivable =\frac{60000+31200}{2}=$45600

We know that account receivable turnover is given by

Account receivable turnover = \frac{net\ sales}{average\ account\ receivable}=\frac{$372000}{$45600}=8.15times

Which is not in the given option

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Stockholders’ equity totaled $94,000 at the beginning of the year. During the year, net income was $24,000, dividends of $9,000
Scilla [17]

Answer:

$131,000

Explanation:

Given that,

Stockholders’ equity at the beginning = $94,000

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Dividends paid = $9,000

Common stock issued = $22,000

Stockholders' equity at the end:

= Stockholders Equity at the beginning + Net Income - Dividend + Common stock issued

= $94,000 + $24,000 - $9,000 + $22,000

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3 years ago
Which person would most benefit from homeowners insurance?
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The person would most benefit from homeowners insurance is D) Fran lives in an assisted living facility.

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Hence, The person would most benefit from homeowners insurance is D) Fran lives in an assisted living facility.

Therefore , option D is correct.

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4 0
2 years ago
Three employees believe that their pay is too low. One of them quits, the second complains to management about the low pay, and
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Answer and explanation:

The EVLN (Exit, Voice, Loyalty, Neglect) model explains how employees react differently in front of dissatisfaction at work. In such a way:

  • Exit:<em> implies quitting or requesting a change of roles within the same organization. </em>
  • Voice: <em>involves providing constructive suggestions about a stressful situation. </em>
  • Loyalty:<em> implies waiting for the issue to be solved by others. </em>
  • Neglect:<em> involves reducing labor efficiency to harm the company's performance. </em>

Thus, in the example, the<em> exit (employee who quits), voice (employee who complains), </em>and<em> loyalty (employee who does nothing)</em> reactions are used by employees even if they share the general idea that payments are low.

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3 years ago
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Oksana_A [137]
You got a utility..........
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