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soldi70 [24.7K]
3 years ago
14

Marion Industries has an average accounts receivable turnover ratio of 12 times per year whereas most of its competitors have a

ratio nearer to 8 times. This suggests that Marion's management should consider _____.
A. using stricter credit terms
B. more aggressive collection efforts to avoid having its resources tied up in accounts receivable
C. using more liberal credit terms to increase sales
D. the need to sell for cash rather than on credit
Business
1 answer:
denis-greek [22]3 years ago
4 0

Answer:

C) using more liberal credit terms to increase sales

Explanation:

An accounts receivable turnover ratio of 12 means that it takes Marion approximately 30 days to collect its accounts receivables.

If its competitors have an accounts receivable turnover ratio of 8, it means that it takes them approximately 45 days to collect their accounts receivables.

If Marion wants to operate in a similar way to its competition, they should loosen up their credit terms and extend them a few more days in order to attract a larger number of customers. Depending on what Marion sells, longer credit terms might be a good idea.

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The option that falls outside of the classification of business expenditures that fall into the category of variable costs is option C. costs of research and development. Read below about costs of research and development.

<h3>What is a costs of research and development?</h3>

These are costs taken to develop new products or processes that may or may not result in commercially viable items. The general rule is that research and development costs are to be expensed immediately when the costs are incurred.

Therefore, the correct answer is as given above.

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4 0
1 year ago
Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Ji
olga2289 [7]

Answer: Contract is voided

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A void contract is referred to as a formal agreement that cannot be enforceable and is not legitimate. Since it is illegal to either purchase or sell beaver pelts, it means that the context cannot be carried out anymore and should the be void.

3 0
3 years ago
anita is assigned to appraise a house in an area with very few sales over the past year. one of the comparable properties she ch
Vaselesa [24]

The action that Anita would have to take for the result of the foreclosed sale would be to Make a positive adjustment to the sales price of the foreclosed home.

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3 0
1 year ago
quinn is going to the grocery store and will use her credit card because she doesn't have any cash in her checking account. what
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Transfer cash from savings to checking because monthly expenses should always be made with cash.

The most critical principle for using credit cards is to continually pay your invoice on time and complete it.

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6 0
1 year ago
Suppose you know that a company’s stock currently sells for $56 per share and the required return on the stock is 10 percent. Yo
Elenna [48]

Answer:

$2.8 divdends per share

Explanation:

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In this case we are told that this is distribute evenly, this means:

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5 0
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