Answer:
B) Indicates how many times the receivables were converted into cash during the year.
Explanation:
Account receivable Turnover is a ratio which shows that how many times the account receivable is converted into cash in a given period of time. It shows the efficiency of recovery from customer by a company. A company with higher turnover ratio is considered to more profitable and its liquidity is higher. A company with lower Turnover will have low profits and may face liquidity problems.
Answer:
a. $750
b. $750
Explanation:
The first thing to do is calculate the monthly interest as follows:
Monthly interest = Total interest ÷ 12 = $4,500 ÷ 12 = $375
The rent for two months in year 0 (November and December) = $375 × 2 = $750.
Prepaid expenses (January to October of year 1) = $4,500 - $750 = $3,750.
Decision:
Prepaid expenses is not deductible under either cash accounting method or accrual accounting method for tax purposes.
Therefore, Jaxon can deduct only $750 two months (November and December) relevant for year 0 under both cash accounting method and accrual accounting method.
The prepaid expenses of $3,750 is not deductible in year 0 but can only be deducted in year 1.
Answer:
The correct answer is c. actual market outcomes provide a higher price than the efficient price of education.
Explanation:
In any country, there is a close positive correlation between a greater number of years of study and income, just as a higher degree of education is related to a lower incidence of poverty. In general, knowledge provides a great deal of benefits to its holders, so why might a government policy for investment in human capital be necessary? The answer could be that knowledge generates a series of “external benefits”, which are not always considered by people when making their decisions.
Economic activities generate costs and benefits, which can be private or external. In this way, whoever studies obtains a benefit for himself, for example a better salary, as explained above. That is the private benefit. But a series of external benefits are also generated, for example, the possibility of being better citizens, of improving the communication and performance of people in society, of generating new solutions to different human problems, among many others. Likewise, research and development activities lead to obtaining new knowledge. All these benefits are obtained thanks to preschool, primary, secondary, technical, university education, job training, among others.
Answer:
of labor
Explanation:
situations where people are coerced to work for little or no remuneration, often under threat of punishment
