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Lemur [1.5K]
3 years ago
6

The following information is taken from Reagan Company's December 31 balance sheet:

Business
1 answer:
Inga [223]3 years ago
7 0

Answer:the firm's days' sales uncollected for the year= 47.4 days---d

Explanation:

The Days’ Sales Uncollected, a liquidity ratio that gives an idea of  average collection period which is an  estimation for the number of days the amount receivables is expected to be collected.

it depends on the 1) Account receivables and 2) Net sales .

the formulae is given below as

Days sales uncollectible = Account receivables / Net Sales x 365

=( $78,422/$603,500) x 365 =0.12994 x 365= 47.4 days

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Answer:

c. marginal rate of substitution is equal to the relative price ratio of the goods.

Explanation:

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MRS(x,y) = MUx/MUy = Px/Py

Therefore, The marginal rate of substitution is equal to the relative price ratio of the goods.

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3 years ago
The Times article notes that three days after the ACP awarded a $158 million contract to the Spanish firm that manufactures the
mr_godi [17]

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The average annual return over the period 1926-2009 for the S&P 500 is 12.0%, and the standard
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__________ helped convince fdr to try to stop workplace discrimination by creating the fair employment practices commission.
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5 0
3 years ago
Read 2 more answers
Calculate the cost of goods sold using the following information: Direct materials $ 298,500 Direct labor 132,000 Factory overhe
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Answer:

COGS= $680500

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The cost of goods sold refers to the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the goods along with the direct labor costs used to produce the goods. It excludes indirect expenses, such as distribution costs and sales force costs.

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COGS= 232,100 + 687,100 - 238,700=$680500

5 0
3 years ago
Read 2 more answers
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