Answer:
See explanation section
Explanation:
The primary role of the banking system is to accept deposits from the general public so that the money can be given as a loan to the public in an effective way to foster the economy. It is the safest platform where people keep their money to get a bonus while people borrow money to continue operating.
Answer:
A) $160,000
Explanation:
To calculate Nichola's accounts receivable at the end of the current business cycle we have to add credit sales during the fifth and sixth months:
accounts receivables = $150,000 + $10,000 = $160,000
The credit sales made during the sixth month should be received during the seventh month and the credit sales made during the fifth month should be paid next year (in 9 months). Since the business cycle is only 6 months long, any credit sale that should be collected beyond the sixth month, should be included under accounts receivables.
Answer:
Account Receivable Ratio = 10
Explanation:
Account Receivable Turnover Ratio:
The Account Receivable Turnover Ratio is an accounting measure that indicates the effectiveness of company's ability to collect its receivables from its customers.
A high turnover ratio represents good credit policy and aggressive collections department with good portfolio of customers.
A low turnover ratio indicates excess amount of old receivables being tied up in working capital.
Formula: Net Credit Sales ÷ (Opening receivable + closing receivable/2)
Receivable Turnover Ratio = $ 1,450,000 ÷ ( $200,000+$90,000/2)
=$1,450,000 ÷ $145,000
= 10
2 everything is technically about technology
Answer:
Using the sequence A-B-C-D the production per cycle is A ( 1 )-B (1 )-C( 2 )-D ( 2 )
Explanation:
See the picture attached
