1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
leva [86]
3 years ago
8

What is the name of the cartel that controls much of the world's oil supply?

Business
1 answer:
Sergeeva-Olga [200]3 years ago
4 0
Amoreandrusamoreandrus
You might be interested in
Real World Financials ABC Corporation reported the following information in its financial statements for three successive quarte
Debora [2.8K]

Answer:

(Q4) Receivables turnover ratio=  1.135

(Q1) Receivables turnover ratio= 1.153

Average collection period for Q1=31 7 days

Average collection period for Q4 =  317 days

Explanation:

The Receivables turnover ratio gives us the efficiency of collections and the Average collection period tells us the number of days in which the receivable is collected.

Three Months Ended (Q1)                (Q4)                       (Q3)

                                9/30/2017        6/30/2017          3/31/2017

Balance sheets:

Accounts receivable, net $ 21,361    $ 19,880            $ 12,970

Income statements:

Sales revenue $ 24,620                   $ 23,400             $ 22,260

Receivables turnover ratio= Net Sales / Average Accounts Receivable

Average Accounts Receivable= Net Receivables for one Quarter +  Net Receivables for other Quarter/2

 (Q3) Receivables turnover ratio= $ 22,260/   $ 12,970 + $ 19,880/2

     (Q3) Receivables turnover ratio= $ 22,260/  16425

         (Q3) Receivables turnover ratio= 1.355

This indicates that average accounts receivable balance is converted into cash 1.355 times during the quarter.

 (Q4) Receivables turnover ratio=   $ 23,400 /$ 19,880  + $ 21,361 /2

   (Q4) Receivables turnover ratio=   $ 23,400 /20620.5

(Q4) Receivables turnover ratio=  1.135

This indicates that average accounts receivable balance is converted into cash 1. 135 times during the quarter.

(Q1) Receivables turnover ratio=   $ 24,620/$ 21,361 ( assuming net is average)

(Q1) Receivables turnover ratio= 1.153

This indicates that net accounts receivable balance is converted into cash

1. 153 times during the quarter.

Average collection period for Q1 =  365/ Receivables turnover ratio

Average collection period for Q1= 365/1.153= 316.6= 317 days

Average collection period for Q1=31 7 days

Average collection period for Q4 =  365/Receivables turnover ratio

Average collection period for Q4 = 365/1.15= 317.4= 317 days

8 0
3 years ago
If you were interested in evaluating the profitability of a company and could have only limited historical data, would you prefe
Rudik [331]
I will prefer to know the OPERATING INCOME. Operating income refers to the operating profits of a company before the taxes and interests are removed. It reflects the true situation of the company and can be used to analyse if a company is making profits from its manufacturing process or not. The net income of a company has some expenses and costs that do not reflect the core operations of the company. 
5 0
3 years ago
Perz, Paul, President $168,000.00
Firlakuza [10]

Answer:

wer5432234

Explanation:

4 0
2 years ago
I need some help with this homework.
Eddi Din [679]

Answer:

I can help you with this homework just

6 0
3 years ago
List any 5 important of wetland​
antiseptic1488 [7]

Answer:

Wetlands are highly productive and biologically diverse systems that enhance water quality, control erosion, maintain stream flows, sequester carbon, and provide a home to at least one third of all threatened and endangered species. ... improve water quality. provide wildlife habitat. maintain ecosystem productivity.

8 0
3 years ago
Other questions:
  • How do advertising and publicity play a role when it comes to demand?
    10·1 answer
  • If you've been a victim of identity theft, what should you do after contacting the company that reported the suspicious charge a
    6·1 answer
  • Find both the arithmetic growth rate and the geometric growth rate of the dividends for Custer's Ice Cream Shoppes.
    12·1 answer
  • Elisa grew up speaking Spanish, but learned to speak English as an adult, and she now works as a translator for a U.S. company t
    14·1 answer
  • Leaders:
    11·1 answer
  • Question 4 of 10
    9·1 answer
  • Historical development of logistics
    12·1 answer
  • A manager states that his process is really working well. Out of the 300,000 parts produced last week, inspections identified 15
    11·1 answer
  • _____ are costs of selecting one opportunity or investment over another.
    14·1 answer
  • 5. How long is a permanently disabled worker allowed to receive disability income?​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!