Answer:
Nothing socialism is hell!
Explanation:
Answer:
19.48 days
Explanation:
Calculation to determine How long did it take on average for credit customers to pay off their accounts during the past year
First step is to determine the receivables turnover for the company using this formula
Receivables turnover = Credit sales / Receivables
Let plug in the formula
Receivables turnover = $6,842,109 / $365,061
Receivables turnover = 18.74 times
Now let determine l the day’s sales in receivables using this formula
Days’ sales in receivables = 365 days / Receivables turnover
Let plug in the formula
Days’ sales in receivables = 365 days / 18.74
Days’ sales in receivables = 19.48 days
Therefore How long did it take on average for credit customers to pay off their accounts during the past year is 19.48 days
Answer:
a. $880.
Explanation:
Bailey bought a bond for $1,000 that promises to pay $110 a year.
The interest rate was 110/1000 * 100 = 11%
This year, $1,000 receives $125 a year= 125/1000 * 100 = 12.5%. So, this year the interest rate now rises to 12.5%.
If Bailey were to sell his (old) bond, the price should be 110/12.5% = 110/0.125 = $880.
Answer:
. the law of demand
Explanation:
The law of demand proclaims that the demand for a product or service is indirectly related to its price. Demand is the quantity of a product that buyers are willing to purchase at a specific price over a period. Should the price of the goods or service increase, its demand decline. A reduction in price causes the demand to rise.
Louise is experiencing the law of demand in play. A drop in price is causing the demand to increase. More customers are finding the reduced price as a good value for their money. The group of customers who could not previously afford the painting can now buy them.
