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3 years ago

What's the correct answer? I'll give brainliest

Business

2 answers:

NISA [10]3 years ago

4 0

Hi!

I think you've got the correct answer right there! (A conspicious writing).

solong [7]3 years ago

3 0

Hey, I think that your correct answer is D.
I might be wrong though

You might be interested in

Excerpts from Huckabee Company's December 31, 2021 and 2020, financial statements are presented below: 2021 2020 Accounts receiv

Setler79 [48]

Answer:

71.57 days

Explanation:

For computing the average collection period first we have to determine the account receivable turnover ratio which is shown below:

Account receivable turnover ratio = Credit sales ÷ average accounts receivable

where,

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($75,000 + $83,000) ÷ 2

= $79,000

And, the net credit sale is $403,000

Now put these values to the above formula

So, the answer would be equal to

= $403,000 ÷ $79,000

= 5.10 times

Now

Average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio

= 365 days ÷ 5.10 times

= 71.57 days

5 0

3 years ago

Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research quest

lapo4ka [179]

The correct answer is C) 2nd Circuit or the Federal Circuit.

Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research question. The circuits that she would prefer to have issued the opinion are the 2nd Circuit or the Federal Circuit.

Princess has to go to the 2nd Circuit Court of Appeals that is located in Manhattan, New York, at the Thurgood Marshall US Courthouse. It exercises federal jurisdiction in six districts of the states of Vermont, New York, and Connecticut. The 2nd Circuit Court of Appeals was established by Congress in 1891.

5 0

4 years ago

Stech Co. is issuing $9 million 12% bonds in a private placement on July 1, 2017. Each $1,000 bond pays interest semi-annually o

STALIN [3.7K]

Answer:

Expected selling price =$ 1,271.81

Explanation:

The price of a bond is the present value (PV) of the future cash inflows expected from the bond discounted using the yield to maturity.

These cash flows include interest payment and redemption value

The price of the bond can be calculated as follows:

Step 1

PV of interest payment

coupon rate - 12%, yield - 8%, years to maturity- 10 years

Semi-annual coupon rate = 12%/2 = 6%

Semi-annual Interest payment =( 6%×$1000)= $60

Semi annual yield = 8%/2 = 4%

PV of interest payment

= A ×(1- (1+r)^(-n))/r

A- interest payment, r- yield - 4%, n- no of periods- 2 × 10 = 20periods

= 60× (1-(1.04)^(-10×2))/0.04)

= 60× 13.59032634

=$815.41

Step 2

PV of redemption value (RV)

PV = RV × (1+r)^(-n)

RV - redemption value- $1000, n- 2×10 r- 4%

= 1,000 × (1+0.04)^(-2×10)

= $456.38

Step 3

Price of bond = PV of interest payment + PV of RV

= $815.41 + $456.38

= $ 1,271.81

Expected selling price =$ 1,271.81

5 0

3 years ago

The BobCat Inc. reported gross sales of $100,000, sales returns and allowances of $5,000, and sales discounts of $2,000. The com

Y_Kistochka [10]

Answer:0.775 times

Explanation:

Given

Gross sales 100000

Sales returns 5000

Sales discounts 2000

Tangible assets 25000

Average total assets 120000

Calculation of assets turn over ratio

Assets turnover ratio = Net sales / Average total assets

=(100000-5000-2000)/120000

=0.775 times

Assets turnover ratio is 0.775 times

Gross sales is the sales made by the company but net sales is where the actual value of sales has happened after the rebates, allowances and discounts. Assets turn over ratio is used to measure the company's abilities to utilize its assets efficiently in generating sales income to the company.

4 0

3 years ago

The Federal Reserve wants to change the nominal interest rate from 7% to 5%. What action

alisha [4.7K]

Answer:

the answer is a

Explanation:

i just took the usatestprep

6 0

3 years ago