Answer:
35.35 days
Explanation:
For the computation of company’s days’ sales in receivable first we do the following calculations
As we know that
Profit margin = Net income ÷ Sales
0.086 = 187,000 ÷ Sales
Sales = 2,174,418.605
So,
Credit sales = Sales × Sales percentage
= 2,174,418.605 × 0.6
= 1,304,651.163
Receivables turnover ratio = Credit sales ÷ Receivables
= 1,304,651.163 ÷ 126,370
= 10.3241
Now
Days sales in receivables = 365 ÷ Receivables turnover
= 365 ÷ 10.3241
= 35.35 days
Answer:
The amount of gain or loss should be recorded on this exchange: b. $8,000 gain
Explanation:
Book value of the old sailboat = old sailboat's cost - accumulated depreciation = $110,000-$22,000 = $88,000
Trade-in allowance of the old sailboat - Book value of the old sailboat = $96,000 - $88,000 = $8,000 >0
Hunter Sailing Company only paid $28,000 in addition to the old sailboat to acquire the new sailboat.
Therefore, the company should record gain on this exchange of $8,000
Brand awareness campaign is the type of campaign that is done by the Jacob in hi physical store as he doing store visits and in-store sales and heard that specialized campaign types can help him meet these kinds of goals.
<h3>What is brand awareness campaign?</h3>
Brand awareness campaign is mostly done to promote the new brand or the unknown brand, which needs exposure to get well placed in the market.
Brand awareness is very useful tool for the company as they promotes the products plus brand name ans make the remark of the brand in customer's mind.
Thus, it is Brand awareness campaign.
For further information, Brand awareness campaign, click here:
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Answer:
A producer places a property insurance policy on the home of his uncle.
Explanation:
The controlling producer Places insurance only with the controlled insurer, or only with the controlled
insurer and a member or members of the controlled insurer’s holding company system, or the controlled insurer’s parent, affiliate or subsidiary and receives no
compensation based upon the amount of premiums written in connection with such insurance; and accepts insurance placements only from non-affiliated subproducers, and not
directly from insureds; and the controlled insurer, except for insurance business written through a residual market
facility accepts insurance business only from a controlling
producer, a producer controlled by the controlled insurer, or a producer that is a
subsidiary of the controlled insurer.
Answer:
Consider the following calculation.
Explanation:
Sustainable growth rate =(Retention rate*Return on equity)
=(0.75*0.17)=.1275
=12.75%
Next year earnings =$34.08 million *112.75%
=$38.4252 million
=$384,25,200 .
