Answer:
please share the question nicely fristy
Explanation:
Answer:
45 days
Explanation:
Data provided
Credit Sales = $400,000
Accounts receivable turnover ratio = Credit Sales ÷ Average Accounts Receivables
= $400,000 ÷ ($100,000 + 0) ÷ 2
= 8 times
Average number of collection days = 360 ÷ Accounts Receivable turnover ratio
= 360 ÷ 8
= 45 days
Therefore for computing the average number of collection days we simply divide accounts receivable turnover ratio by 360.
Answer and Explanation:
The journal entry is shown below:
WIP inventory - Coloring Dr XXXXX
To WIP inventory - molding XXXXX
(Being the transferring from the molding process to the coloring process is recorded)
For recording this we debited the WIP inventory of Coloring as it increased the assets and credited the WIP inventory of Molding as it decreased the assets
Answer: A.Venture capital firm
Explanation:
Carlos's company is a new business. One with growth potential and less than a year under it's belt and yet it has done some work with Calvin Klein. He now needs capital to continue the momentum and there is a specialized finance vehicle for people like him, Venture Capitalism.
Venture Capitalism refers to Venture Capital firms investing funds in growing or starting businesses. They have a high risk appetite which enables them to go into business with new firms. The key criteria is that there MUST be high Growth Potential.
Their strategy is simple, they invest in a new company in exchange of a certain amount of ownership of the business and then 4-6 years later exit the company when they are bought out.
Carlos's business is growing and has huge potential, if he doesn't mind sharing some of his ownership, Venture Capitalism is the best way to go.
<span>Assif Mandvi's imitation of an american answering a call for "tech support" was an example of ethnocentrism. Ethnocentrism can be defined as the belief that one's own ethnic group is superior to other groups. Ethnocentrism is also the tendency to view other cultures from one's own perspective, instead of objectively.</span>