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
4vir4ik [10]
3 years ago
6

Delta Distributors has accounts receivable of $2,750,000 and average daily credit sales of $118,280. The firm offers credit term

s of 2/10, net 30. On average, what is the firm's accounts receivable period?
Business
1 answer:
liq [111]3 years ago
3 0

Answer:

The firm's accounts receivable period is 23.25 days

Explanation:

Accounts receivable period = 365 / Account receivable turnover ratio

When Account receivable turnover ratio = Net sales / Account receivables

Account receivable turnover ratio = 118,280 * 365 days/ 2,750,000

Account receivable turnover ratio = 15.698

Hence, Account receivable period = 365 / 15.698

Account receivable period = 23.25 days

You might be interested in
The principle of diversification teaches us that using two securities it is always possible to find a portfolio with no short po
Oliga [24]

Answer:

C. Less than the variance of each asset, except when the two assets are perfectly positively correlated.

Explanation:

In diversification, there is the less risk in the portfolio that can be determined by the standard deviation. Also the risk can decrease at the time when the asset is lower than the perfect correlation and the same should be place in portfolio. Now if the asset along perfect positive correlation place in the portfolio so the the portfolio risk could be large than the risk of the individuals assets

6 0
3 years ago
Rauch Incorporated leases a piece of equipment to Donahue Corporation on January 1, 2017. The lease agreement called for annual
REY [17]

Answer:

87 because he

Explanation: add then multiply;

6 0
3 years ago
Nancy just graduated with her B.A. in marketing. Her long-term goal is to run a social media department for a large company. She
den301095 [7]

Answer:

b. Yes, because she will build social media skills.

Explanation:

In this scenario Nancy's long term goal is to manage a social media department of a large company. She now hot an internship as a social media assistant in a small company.

The internship that she is undertaking bin the short run is relevant to the her long term career goal of managing a social media department in a large firm.

So this is a stepping stone in achieving her long term goal.

In the future when a social media opening comes up she will have the relevant experience to perform in this role.

3 0
3 years ago
Read 2 more answers
Consider the following scenario to answer the following questions: Kukla makes tables, with an opportunity cost of 3 rugs per ev
mote1985 [20]

Answer:

E

Explanation:

In this question, we are told to state what the reaction of Koka and Zola will be;

Kukla and Zola both like the proposal. As according to the given opportunity cost for Kukla (3 rugs per every 4 tables) she can get 1.5 rugs for 2 tables .But with the offer made now she can get 2 rugs for giving 2 tables.

Given the opportunity cost for Zola ( 2 tables per every 3 rugs ) she must give 3 rugs for getting 2 tables. But with the offer made she can now get 2 tables for giving away only 2 rugs .

So both Kukla and Zola are happy with the offer.

3 0
3 years ago
Read 2 more answers
Bakery A uses 60 bags of flour each month. The flour is purchased from a supplier for a price of $80 per bag and an ordering cos
jasenka [17]

I don't what the answer is but I will look for it

3 0
3 years ago
Other questions:
  • Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. h
    5·1 answer
  • How often do regulatory agencies track banks fiscal conditions? (Select all that apply.)
    14·2 answers
  • an invesment adviser i slooking to offer advisory services to new clients. which statement is true regarding delivery of form ad
    12·1 answer
  • In skill-based pay systems, performance measures are primarily based on _____.A. supervisor's appraisalB. individual productivit
    11·1 answer
  • Need help please <br> Financial statement and ratios quiz
    15·1 answer
  • What happens to the stockholders when a corporation files for bankruptcy?a. The stockholders must also file for bankruptcyb. the
    8·2 answers
  • The fifth step of the interview process is:
    8·1 answer
  • Emma has decided that she needs to assess the risk and return of buying a new laptop for school. Which of these practical questi
    6·2 answers
  • Based on this module's readings and your own independent research, develop a listing of what you believe are the most important
    7·1 answer
  • 3. From the following, select the tax that is
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!