Answer:
a. All of the answers are correct
Explanation:
For a company it is equally vital to meet the number of orders and to maintain the quality of their products.
For this, there are certain measures to ensure quality:
- No production is possible in a practical scenario with zero defects, thus a standard defined percentage of defects shall be maintained, and defects shall not increase from such defined percentage.
- Number of on-time deliveries shall be taken care of, as for maintaining quality the company can not increase time to produce such products, and shall meet the deliveries.
- Often after a sale, there is a customer feedback form, which helps the company know about the customer satisfaction and detailed report of their products. This enhances the quality review of the product.
- Sometimes there is a rework performed on the units produced as is defective, and the defects can be removed from rework, thus amount spent on rework, shall ensure the quality of products delivered to customers.
Therefore, correct option is:
a. All of the answers are correct.
Answer:
'Economics'
Explanation:
Not really much to say here.
Answer:
2018: 11.53; 32 days
2019: 12.66; 29 days
Explanation:
For 2018:
Average accounts receivable:
= (Opening Accounts receivable + Closing Accounts receivable) ÷ 2
= (13,896 + 15,100) ÷ 2
= $14,498
(i) Accounts receivable turnover ratio:
= Net sales ÷ Average accounts receivable
= $167,096 ÷ $14,498
= 11.53
(ii) Average collection period:
= 365 days ÷ Accounts receivable turnover ratio
= 365 days ÷ 11.53
= 32 days
For 2019:
Average accounts receivable:
= (Opening Accounts receivable + Closing Accounts receivable) ÷ 2
= (15,100 + 13,598) ÷ 2
= $14,349
(i) Accounts receivable turnover ratio:
= Net sales ÷ Average accounts receivable
= $181,662 ÷ $14,349
= 12.66
(ii) Average collection period:
= 365 days ÷ Accounts receivable turnover ratio
= 365 days ÷ 12.66
= 29 days
Answer:
$63,800
Explanation:
May purchases $57,000
June $74,000
July $89,000
Payment schedule 40% for the current month and 60 % the following month
The budget for June will be
40 % of June purchases plus 60% of May purchases
=(40/100 x 74,000) +(60/100 x 57,000)
=(0.4 x 74,000) + 0.6 x 57,000)
=29,600 + 34,200
=$63,800