Answer:
overstate net income but days to collect will increase.
Explanation:
A bad debt expense is defined when any receivable is no more collectible as the customer is not able to fulfil or satisfy the obligation in order to pay the obligation of paying an outstanding debt because of some financial problems or due to bankruptcy.
Thus when any organization is more optimistic about the debt collection, it will understate the bad debt expenses and will also overstate the net income. But in this case the number of days to collect the payment increases.
Answer:
Financial managers highlighted means those saddled with the responsibility of managing companies' finances by envisaging well in advance the financial obligations a business has to fulfill as well planning well ahead for funds to discharged those obligations
Explanation:
However,as the key to ensuring the goal of an organisation in the area of maximizing share price is achieved, the financial managers must be alive to their responsibilities by having a thorough understanding of the stock markets to be able to advise management on those metrics the market players expect from the market if they are to buy its share at higher price.
One key thing that drives share price upward is the sustained increased in profits year on year as well the ability to pay dividends from the profits realized
Answer:
$21, 000
Explanation:
Saves $2100 as a deposit for the car.
If 2100 is 10%, the total budget for the car
Total budget = 100%
$2100 = 10%
100% = $2100/10 x 100
=210 x 100
=$21, 000