Answer:
11.09
Explanation:
First, we need to determine the average accounts payable and its given as;
Average accounts payable = (Beginning accounts payable + Closing accounts payable) / 2
= ($27,000 + $48,000) / 2
= $35,000
Purchases = $388,000
Accounts payable turnover is computed as;
= Purchases ÷ Average accounts payable
= $388,000 ÷ $35,000
= 11.09
Therefore, the company's account payable turnover would be closest to 11.09
Answer: Field experiments
Explanation:
Field experiments is referred to as or known as randomly assigning the subjects to either control groups or treatment, done in order to access the claims of the causal relationships. The random assignment tends to help in order to establish comparability of control group and treatment, such that any differences in between them that tend to emerge after treatment are administered and governed plausibly tends to reflect influence of these treatment instead of the pre-existing differences in between these groups.
The law of diminishing returns states that, ceteris paribus, the rate of profit from an investment will continue to diminish as more capital ins invested into that product.
<h3>What is Ceteris Paribus?</h3>
Ceteris Paribus is a Latin phrase often quoted in economics that means "all things being equal". It is used to connote the fact that in the consideration of a law, sometimes it is assumed that all other factors are given or at play.
It is to be noted that the Law of Diminishing Returns is also applicable to Labor, Utility and Marginal Returns.
Learn more about the Law of Diminishing Returns at;
brainly.com/question/19070161
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Competitive advantages are conditions that allow a company or a country to produce a good or a service at equal value but at a lower price or in a more desirable fashion. If a firm is to maintain sustainable competitive advantage, it must control a set of exploitable resources that have four critical characteristics. These resources must be; valuable, rare, imperfectly imitable (tough to imitate) and also they should be non substitutable.
