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Scilla [17]
3 years ago
7

Excerpts from Huckabee Company's December 31, 2018 and 2017, financial statements are presented below: 2018 2017 Accounts receiv

able $ 80,000 $ 72,000 Merchandise inventory 58,000 72,000 Net sales 400,000 372,000 Cost of goods sold 240,000 220,000 Huckabee's 2018 average collection period (rounded) is:
Business
1 answer:
ICE Princess25 [194]3 years ago
5 0

Answer:

The Huckabee's 2018 average collection period (rounded) is 5 times

Explanation:

To find out the average collection period for Huckabee's 2018, we have to use the formula of the average collection period which is presented below:

Average collection period = Net credit sales ÷ Average accounts receivable

where,

Net credit sale is $400,000

And, the average accounts receivable is calculated by applying the equation which is shown below:

= (2017 accounts receivable + 2018 accounts receivable) ÷ 2

=  ( $72,000 + $80,000 ) ÷ 2

= $76,000

Now apply the above values to the formula

So, the answer would be equal to

= $400,000 ÷ $76,000

= 5.26 times

The other things like opening balance of merchandise inventory and cost of goods and  the ending balance of merchandise inventory and cost of goods is irrelevant. Thus, it is not to be considered.

Hence, Huckabee's 2018 average collection period (rounded) is 5 times

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Amanda [17]

Answer:

Are ups and downs in the level of economic activity

Explanation:

Business cycles is defined as the various ups and downs in the economic activities of a particular nations. These ups and downs are generally measured by the fluctuations in the macro economic variables. These macro economic variables includes:

(i) Gross domestic product (GDP)

(ii) Employment

(iii) Rate of consumption

There are four major phases in the process of business cycle are as follows:

(i) Expansion

(ii) Peak

(iii) Contraction

(iv) Trough

7 0
3 years ago
The GATT agreement was replaced by the World Trade Organization.
QveST [7]
False should be the answer
8 0
2 years ago
At Bayside Financial, where you work as a project manager, you have been asked to conduct user training sessions for a new infor
Otrada [13]

Answer:

The correct total time is nineteen (19) days instead of twenty-one days.

Explanation:

Given the analysis of time for the project in parenthesis, it is feasible to merge some of the activities together by carrying them out simultaneously.

For example:

In the course of arranging and confirming the training facility to use which will last for 3 days, the development of the training material that ought to last for 5 days is brought down to a 2 days work because the initial 3 days for arrangement becomes vacant pending the reply on the final day. This brings the total days from 8 to 5.

Other days remain thus:

• Send an e-mail message to all department managers (1 day)  

• Print copies of handout (2 days)

• Develop a set of PowerPoint slides (5 days)

• Conduct a practice training session with the instructor (2 days)

• Conduct the user training sessions (4 days).

Hence, total days are as follow:

5 +1 + 2 + 5 + 2 + 4 = 19 days.

5 0
3 years ago
Wilma is a salesperson with Broker Fred. Wilma arranges for a listing with a seller. When Fred accepts the listing, a contract a
bazaltina [42]

The relationship between Wilma and the seller is called a sub-agent relationship

<h3>What is a sub-agent relationship?</h3>

A sub-agent relationship happens when the agent or broker brings a buyer to purchase a property from him whereaS he is not the property's listing agent.

In conclusion, the relationship between Wilma and the seller is called a sub-agent relationship

Read more about sub-agent

<em>brainly.com/question/25325640</em>

5 0
2 years ago
Recently, the level of gdp has declined by $60 billion in an economy where the marginal propensity to consume is 0.75. aggregate
Paha777 [63]

Answer:

a. $45 billion.

Explanation:

The aggregate expenditures must have fallen by = 0.75*$65 billion

                                                                                   = $45 billion

Therefore, The aggregate expenditures must have fallen by $45 billion.

8 0
3 years ago
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