Answer:
44 days.
Explanation:
Days' sales uncollected = (Accounts receivable / Net credit sales) * 365 = ($72,922 / $609,000) * 365 = 44 days
This implies that that it takes Reagan Company 44 days before it collects its accounts receivable within the year.
Answer:
1/3 or 33.33%
Explanation:
The contribution margin ratio can be calculated using the following formula:
Contribution margin ratio=Contribution margin per unit /sales price per unit
In this question
Contribution margin per unit=$30
Sale price per unit=$90
Contribution margin ratio=30/90
=1/3 or 33.33%
Answer:
$624, 750
Explanation:
Purchases = 900,000
Sales = 1500000
Price index = 110%
Inventory= 189750
1,500,000 - [{($150,000 x 110%) + $900,000} - $189,750]
=1,500,000 - [($150,000 x 1.1) + $900,000] - $189,750
= 1,500,000 - (1065000 - 189750)
= 1,500,000 - 875250
=$624,750
Gross profit. = $624750
Based on the graph that shows the change in the market for bicycles, the statement that explains the graph is The demand for bicycles increased due to news about the health benefits of exercise. The market price & quantity increased.
<h3>Which statement explains the supply and demand graph?</h3>
The question is not complete as the graph is not given. However, an answer can be formulated based on the laws of demand and supply.
The most likely option to be true is that the demand for bicycles increased due to news about its health benefits and then this led to the market price and quantity increasing.
This is because the increased demand for the bicycles would have drove the prices up. This would then have inspired suppliers to produce more bicycles thereby increasing bicycle quantity as well.
Find out more on demand increasing at brainly.com/question/4371942
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Answer:
your 2 jobs will print out a w4 forms and if all your info is correct it will be on the system due to your ssn the irs.gov has all the info if you need it
Explanation:
