Answer:
71.57 days
Explanation:
For computing the average collection period first we have to determine the account receivable turnover ratio which is shown below:
Account receivable turnover ratio = Credit sales ÷ average accounts receivable
where,
Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2
= ($75,000 + $83,000) ÷ 2
= $79,000
And, the net credit sale is $403,000
Now put these values to the above formula
So, the answer would be equal to
= $403,000 ÷ $79,000
= 5.10 times
Now
Average collection period in days = Total number of days in a year ÷ accounts receivable turnover ratio
= 365 days ÷ 5.10 times
= 71.57 days
Explanation:
Net Income=$945000
Average outstanding=$189000
Per Share=$0.90
Market price=$97
Book value=$89.50
Ratio=7:5
Answer:
If A = { a , c , e } , B = { b , c , d ) and C = { a , c , d , f ) , find n ( A n B n C)
Answer:
B. Are a risk of fractional reserve banking, but are unlikely when banks are highly regulated and lend prudently.
Explanation:
Fractional reserves are when a certain fraction of total deposits with the banks are reserved and the remaining amounts over and above of these reserves are loaned out and made into money supply.
Bank panics are a risk of such a system as depending on public confidence level on banks, the public may crowd out the bank and people wish to withdraw their deposits, in this case banks only have a certain amount of reserve deposits and not all the money for all the depositors.
These runs on the bank are unlikely if the banking system is prudent and abides by central banking regulations.
Hope that helps.
Answer:
Bankrupt rawr dollars pesos yen won yuan
