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3 years ago

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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Vlada [557]

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What is a brand when multiple products are sold under the same name?

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1 year ago

Us federal income tax is progressive by law, but which best explains why is it sometimes regressive in practice?

Solnce55 [7]

I believe the answer is: High-income earners use tax laws to their advantage to reduce their tax rates

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3 years ago

Read 2 more answers

A woman is shopping with her three children. She is carrying several items and does not have a shopping basket. She is still bro

dlinn [17]

Answer: The women customer either complain to the supervisors to address her issue immediately nor the employee should apologize to the woman and provides a shopping basket to her.

Explanation:

In every supermarket, All employees of the shop have the duties and responsibilities to serve the customers' needs without any delay in time. Consumer rights should be always ensured to protected in all the shops irrespective of the size of the business as well the employees count. The consumer has all rights to raise the complaint to the direct supervisors in the market.

In this case, Woman's customer has experienced the pain as she cannot able to get a basket to hold the items. As she needs to take care of her children, Her request needs to fulfilled without any delay. Mutual consent with the ethics of the shop needs to tie up the bonding relationship between employees and consumers. At last, if the employee apologizes for her mistake and helps the woman by providing basket will end in the peaceful business transactions in the supermarket.

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3 years ago

Search... Unlock all answers JOIN FOR FREE jswagballerlife4060 01/08/2020 Business College answered LO 5.3Direct material costs

Tomtit [17]

Answer:

$130,000

Explanation:

Calculation to determine the value of the inventory transferred to the next department

First step is to calculate the Cost per unit

Using this formula

Cost per unit = Direct material costs + Direct labor costs + Overhead

Let plug in the formula

Cost per unit=$3+$5+(100%*$5)

Cost per unit = $3 + $5 + $5

Cost per unit = $13

Second step is to calculate the inventory transferred using this formula

Inventory transferred = Beginning inventory + Started Inventory - Ending inventory .

Let plug in the formula

Inventory transferred = 2,000 + 9,000 - 1,000

Inventory transferred = 10,000 units

Now let calculate the value of the inventory transferred

Using this formula

Value of inventory transferred = Inventory transferred × Cost per unit

Let plug in the formula

Value of inventory transferred = 10000 × $13

Value of inventory transferred = $130,000

Therefore the value of the inventory transferred to the next department is $130,000

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3 years ago

The US economy is a command economy.<br> A. True<br> B. False

astra-53 [7]

Answer:

hmmmm i'd say true if not then false

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3 years ago