Answer:
78%
Explanation:
Able has an awareness level of 78%.
Next year, it will lose a third of its awareness level.
78% * 1/3 = 26%
78% - 26% = 52%
So the base awareness level of able for next year will be 52%, however, even if the company reduced the promotion budget, it still has 1 million dollars to invest, and the question is telling us that 1 million in promotion investment results in a 26% increase in awareness, therefore
52% + 26% = 78%
Thus, after investing the 1 million dollars, Able's awareness level next year will be the same as the current year: 78%
Some salesperson do try to start a new interaction by asking for something small from a potential customer because they know getting small acts of cooperation may lead to larger actions. The answer in this question is simply because they know getting small acts of cooperation may lead to larger actions.
Answer:
$235,000
Explanation:
A company can capitalize the cost of assets, delivery cost, legal & documentation charge and any other directly attributable cost that is incurred to bring the asset in the condition as intended by management.
Therefore, cost of asset, title fee and building modification fee shall be added in the cost of asset as follows:
Cost of Asset 200,000
Lawyer and title fee 20,000
Building Accommodation <u> 15,000</u>
Total <u>235,000</u>
Answer:
(1) (i) 9.16 times
(ii) 39.845 days
(2) Yes
Explanation:
1. Net credit sales = 35,497
Average net receivables = (3,391 + 4,359) ÷ 2
= 3,875
So,
Receivables turnover ratio = Sales revenue (2022) ÷ Average net receivables
= 35,497 ÷ 3,875
= 9.16 times
However I don't know how they got the net receivables figure, because:
Gross receivable - ADA = net receivable,
but it doesn't work out like this above, so since the net receivable is given, I just used it as given.
Average collection period = 365 days ÷ Receivables turnover
= 365 ÷ 9.16
= 39.845 days
2. In order for something to be "material" it must be important.
Accounts Receivable are part of current assets and they are very important, so the answer is yes.
