Answer:
The company's average days to collect receivables is 18.25 days.
Explanation:
For computing the company's average days to collect receivables, first we have to calculate the account receivable turnover ratio. The formula is shown below
Account Receivable Turnover ratio = Net credit Sales ÷ Average accounts receivable
where,
Net credit sales is given
And, the average accounts receivable = (Year 1 + Year 2) ÷ 2
= ($15,000 + $12,000) ÷ 2
= $13,500
So, Account Receivable Turnover ratio = $270,000 ÷ $13,500 = 20
Now, average days to collect receivables = Number of days in a year ÷ Account Receivable Turnover ratio
= 365 ÷ 20
= 18.25 days
Hence, the company's average days to collect receivables is 18.25 days.
Answer:
The correct answer is option D.
Explanation:
The Bureau of Labor Statistics is a unit under the US department of labor. It is tasked with collecting information on the labor market, prices, and productivity and provide statistical data on its basis.
The unemployment rate is calculated on the basis of data collected through a monthly survey called the current population survey.
The part of the adult population which is either working or do not have a job but are actively looking for one are included in labor force. Discouraged workers or those who are unemployed but not looking for jobs actively are not included.
Unemployed homemakers are not counted as employed, they are not included in the labor force either. They are considered out of the labor force as they do not have a job and are not looking for one.
All full time and part-time workers are counted as employed.
Answer:
The balance in ABC's Prepaid insurance-account as on Dec 31, 2018 is <em>$27,000</em>
Explanation:
Liability policy = ($54,000 / 18) × 6 months
Liability policy = $18,000
Crop damage policy = ($18,000 x 12 / 24)
Crop damage policy = $9,000
ABC's Prepaid insurance-account balance as on Dec 31, 2018 = $27,000
Thus,
Total Liability insurance period = 18
Now,
Expired period period - 12 months ( Jan 1, 2016 to Dec 31, 2016 )
Unexpired period = (18 - 12) months = 6 months
Answer:
D. Consumers in Terbia are confident that the economy will turn around in the near future.
Explanation:
Please consider the information provided by you in the exercise. If you have any question please write me back. Please take a look to the image attached.
When someone is looking to hire someone for a job online or on a poster they will add a job description it gives a brief overview of what the job entails
