Answer: d. 12.3 times
Explanation:
Receivables turnover = Net credit sales / Average accounts receivables
Average account receivables = (600,000 + 700,000) / 2
= $650,000
Receivables turnover = 8,000,000 / 650,000
= 12.3 times
The question is asking to state how unemployment can be a challenge to social responsibility, base on my research, <span>Unemployment, poverty and human rights are obstacles in the formation of social responsibility. This greatly prevents a person to be able to develop social responsibility. Having a job teaches a person the value of responsibility. </span>
A real estate attorney is the best person to help Cynthia prepare a lease option.
<h3>Who is the optionee in an option contract?</h3>
- The seller is the optionor and the buyer is the optionee in an option contract.
- It is a unilateral contract since the buyer has the option to purchase while the seller is required to sell.
<h3>What is an option to buy agreement?</h3>
- An option-to-purchase agreement is a contract that grants a tenant or investor the opportunity to buy real estate in the future in exchange for a fee.
<h3>What does first option to buy mean?</h3>
- When an owner intends to sell a property, this clause, also known as a right of first refusal or first right to purchase, compels the owner to provide the holder the first opportunity to purchase the property.
- The holder cannot compel the owner to sell, unlike the option to purchase.
<h3>What is purchase option?</h3>
- A purchase option is the freedom to buy, rent, or lease real estate or other property interests.
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Answer:
.B) shutdown, because it cannot even cover all of its variable costs let alone its fixed costs if it stays in business.
Explanation:
In a competitive market, the firm maximize it's profit when the market price of the firm is equal to average variable cost of the firm so that the firm earns normal profits in the long run.
Therefore, if price is less than the average variable cost then the firm should shutdown because it cannot even cover all of its variable costs let alone its fixed costs if it stays in business.