Answer:
25.55 days
Explanation:
first we must calculate the accounts receivable turnover ratio = net sales / average accounts receivable
net sales = $1,000,000
average accounts receivable ($80,000 + $60,000) / 2 = $70,000
accounts receivable turnover ratio = $1,000,000 / $70,000 = 14.286
average collection period = 365 days / accounts receivable turnover ratio = 365 / 14.286 = 25.55 days
Answer:
Gross Profit 714,000
Explanation:
Gross Proft: is the diference between the sales revenue and the cost of the goods sold.
Sales revenue 1,254,000
Cost of Goods Sold (540,000)
Gross Profit 714,000
note: All the other account and values are irrelevant to determinate the gross profit.
<u>Other way to calculate gross profit:</u>
(sale price per unit - cost per unit) x unit sold
Answer:
The correct answer is A
Explanation:
The formula to compute the present value interest factor using excel is as:
= 1/(1+r)^ n
where
r is the rate
n is number of years
So, in case of A,
The present value interest factor is:
= 1/(1+0.06)^5
= 0.74725
In case of B,
The present value interest factor is:
= 1/(1+0.06)^8
= 0.62741
In case of C,
The present value interest factor is:
= 1/(1+0.06)^10
= 0.55839
In case of D,
The present value interest factor is:
= 1/(1+0.08)^5
= 0.68058
In case of E,
The present value interest factor is:
= 1/(1+0.08)^10
= 0.46319
Therefore, it is highest in option A.
A natural next step is a term used to describe how a company builds and maintains strong barriers to withstand competitive attacks.
In the field of business, the natural next step can be described as a part of marketing principle #3. According to this marketing principle, there is a reaction shown by every competitor in a market to its rival.
The natural next step is a strategic plan to overcome rivals in a business by forming trusted and good relations with customers. Strong barriers in the form of enhanced connections with the customers are made so that competitive attacks could be withstood.
To learn more about barriers, click here:
brainly.com/question/14277264
#SPJ4
Answer:
A lower real interest rate makes saving less appealing.
Explanation:
The lower the interest rate, the lower the amount saved and the higher the interest rate, the higher the amount of money saved. There is a positive relationship between interest rate and the supply of loanable funds. This is why the supply curve for loanable funds is upward sloping
