The rate of return on an investment is the investors gain or loss on the investment over a period of time.
Answer:
<u>Generally accepted accounting principles</u>
Explanation:
Generally accepted accounting principles abbreviated as GAAPs , refer to set of accounting rules and principles to ensure clarity, consistency of reported information and to enhance reliability and comparability of accounting information.
GAAPs were prescribed by Financial Accounting Standard Board (FASB) of the United States. The accountants of public companies in United States are supposed to abide by GAAP principles while compiling accounts and preparing financial statements.
Thus, GAAPs lay emphasis upon presenting financial information which is relevant to the shareholders, which is true and can be relied upon , which is consistent and which can be compared to deduce past trends and for forming opinions and arriving at conclusions.
The project must demonstrate,
one, the problem you are trying to solve. Two, the solution of the problem, how
innovative it is and compelling. Three, what did you learn throughout the
project. Four, accuracy of the conclusion of the project. And lastly, how were
you able to effectively present and demonstrate the project to your audience.
Poor planning or poor project management is the number one reason why projects fall behind schedule or fail. We all know how important it is to plan before acting, even more in the area of management of the different areas of the project, it is important to define the objectives of the project from day one, defining them will mean success or failure of the project and from this point to advance in the planning of all areas before starting to do any work.
Answer:
d. Account receivable days = 72 days
Explanation:
The average receivable days. This is the average length of time it takes a business to collect the amount due from its customers in respect of credit sales.
When a business sells on credit , customers are expected to settle their account within a given credit period. Account receivable days is computed to evaluate how well a business is managing its investment in the account receivables.
The shorter the better, as it means that custmers are paying on time, thereby preserving cash position for the business and reducing the risk bad debt.
A prolonged account receivable days means a poor credit control system which comes with the attendants risk bad debt and additional financing costs for the business.
To compute the account receivable days (debtors collection period), use this formula:
Account receivable days= (Average account receivable/Credit sales) × 360 days.
So we apply this to the question:
Account receivable days= ( 1,200,000/6,000,000) × 360 days
= 72 days
