Answer:
Firm’s sales uncollected for year is 42 days.
Explanation:
Account receivable turnover ratio = $621,000 / $70,422
Account receivable turnover ratio = 8.69
Thus, accounts receivable turnover ratio is 8.69
Average collection period = 365 / Account receivable turnover ratio
Average collection period = 365 days / 8.69
Average collection period = 42.00
Thus, firm’s sales uncollected for year is 42 days.
Answer:
$1,667
Explanation:
Given that,
Savings account at the beginning of the year = $2,000
Price level at the beginning of the year = 100
Price level at the end of the year = 120
Price level increases from 100 to 120
Therefore, what was worth $120 earlier, is not worth only $100.
Hence, $120 at the beginning of the year is worth = $100 at the end of the year
$1 at the beginning of the year is worth = ($100 ÷ $120) at the end of the year
Savings of $2,000 at the beginning of the year is worth:
= ($100 ÷ $120) × $2,000
= 0.833 × $2,000
= $1,667
Therefore, the real value of the savings is $1,667.
Answer:
Amount of money invested is $2,000 and $4,000
Explanation:
In this question, we are asked to calculate how much was invested in two different accounts given the amount of money invested in both accounts.
Let the amount of money invested in both accounts be a and b respectively.
Mathematically;
A + B = 6000 ......I
Now we use the formula for simple interest to check the amount that is supposed to be made on Both accounts if he end of a year.
Formula for simple interest is I = PRT/100
Let’s apply this to what is on ground:
5*1* a/100 = 5a/100
Second is
9*b*1/100 = 9b/100
That is 5a + 9b = 38,000. ........ii
Solving Both simultaneously as follows:
Let A = 6000-b from 1
Substitute this into 2
5(6000-b) + 9b = 38,000
30,000 -5b + 9b = 38,000
4b = 8,000
b =$2000
This means a would be 6000 - 2,000 = $4000
Answer: Attribution theory.
Explanation:
Managers most times makes use of the Attribution theory when trying interpret employees behavior. The Attribution theory is a theory that studies individual and their behavior, what makes an individual either motivated or demoralized on a job.
Answer:
A) accessory equipment.
Explanation:
Accessory equipment is equipment that is fixed on a place or fixed to other equipment. If the accessory equipment is removed, the original equipment will continue to function as it did before.They must be depreciated since they cannot be expensed.
In this case, the fax machines work along side the telephones of Sumitomo bank and if removed, the telephones would still work. The IRS classifies fax machines as part of office furniture, fixture and equipment, and establishes a 7 year depreciation period.
