1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BARSIC [14]
3 years ago
7

The financial statements of the larson company report net sales of $1,000,000 and accounts receivable of $80,000 and $60,000 at

the beginning of the year and end of year, respectively. what is the average collection period for accounts receivable in days?
Business
1 answer:
stepan [7]3 years ago
4 0
<span>To calculate the average collection period: the average accounts receivable balance divided by average credit sales per day. With $1,000,000 per year, that is $2739.73 per day. The average accounts receivable is ($80,000 + $60,000) / 2 = $70,000 $70,000 / $2,739.73 = 25.6 days</span>
You might be interested in
The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $120,000. The machine would
almond37 [142]

Answer:

7.5%

Explanation:

Cost savings :

= Equipment cost - New machine cost

= 30,000 - 12,000

= 18,000

Depreciation per year :

= Cost of automated bottling machine ÷ Useful years

= 120,000 ÷ 10

= 12,000

Simple rate of return:

= (Cost savings - Depreciation of new equipment) ÷ (cost - salvage of old)  

= (18,000 - 12,000) ÷ (120,000 - 40,000)

= 6,000 ÷ 80,000

= 0.075

= 7.5%

7 0
3 years ago
The primary goal of social business is to deepen interactions with employees and customers. True False
ivanzaharov [21]

Answer:

True

Explanation:

  • As in order to spread the interaction and to diversify the market, the primary goals s to deepen the social interaction among the members of the thereby interaction with the employees and the customers and hence this will lead to the increase in the profits.
6 0
3 years ago
Marketers often scan social media to learn more about what customers think. __________ is a technique in which data from a varie
IgorC [24]

Answer:

sentiment analysis

Explanation:

Sentimental analysis is the mining of subjective information from a source material (usually social media), this is aimed at understanding the social sentiment the public has about a brand or service.

Sentimental expressions can be positive negative or neutral. For example a statement from a review: 'I really like their services, they make sure you are satisfied with your purchase.' Is an example of positive sentimental expression.

7 0
3 years ago
According to CEO Heidi Ganahl, Camp Bow Wow requires a strong and consistent corporate culture to keep all local franchise owner
geniusboy [140]

Answer:

The correct answer is letter "A": are inflexible and incapable of adapting to environmental change.

Explanation:

Strong consistent cultures are characterized by having endured during long periods of history. Their success in enduring relies on certain strict behaviors and rules adopted by their followers. At the same time, one of the features of these cultures is that they are reluctant to change or to adopt new trends to their way of living.

4 0
4 years ago
In an effort to make better and more efficient purchase decisions, the Ford Motor Co. includes various people, depending on the
expeople1 [14]

Answer:

Buying Center.

Explanation:

A Buying Center is a group if individuals within an organization that are responsible for making purchase decisions.

The Buying Center is also called the Decision Making Unit (DMU), and it includes personnel from various departments.

7 0
3 years ago
Other questions:
  • Xavi develops a cell phone battery that can be charged by a solar panel and can run efficiently for up to three hours. His frien
    15·1 answer
  • Assume that your aunt sold her house on December 31, and to help close the sale she took a second mortgage in the amount of $10,
    6·1 answer
  • A company that uses the allowance​ method, writesminusoff a receivable of $ 6 comma 000. Prior to the journal​ entry, the credit
    8·1 answer
  • Which decision-making models best describe how decision-making takes place in the research and development laboratory of a major
    7·1 answer
  • The aftertax cost of debt:
    12·1 answer
  • Why might variable expenses change a great deal at different times of year?
    6·1 answer
  • If fixed costs are $1,464,000, the unit selling price is $220, and the unit variable costs are $114, what are the break-even sal
    15·1 answer
  • Billy never lets money stay in his pockets, he thinks if it is there he has to spend it. Often he spends it on useless "stuff".
    5·1 answer
  • Dean has earned $70,000 annually for the past five years working as an architect for WCC Inc. Under WCC's defined benefit plan (
    5·1 answer
  • What is a​ long-term purchase commitment to a supplier for items that are to be delivered against​ short-term releases to​ ship?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!