Answer:
6.75
Explanation:
Given that,
Gross sales = $150,000
Accounts receivable, beginning of year = $18,000
Sales = $135,000
Accounts receivable, end of year = $22,000
Average accounts receivables:
= (Beginning AR + Ending AR) ÷ 2
= ($18,000 + $22,000) ÷ 2
= $40,000 ÷ 2
= $20,000
Accounts receivable turnover:
= Sales ÷ Average accounts receivables
= $135,000 ÷ $20,000
= 6.75
Note: Accounts receivable, end of year is missing from the question. It is amounted to $22,000.
Answer:
d. managing or manipulating the money supply in the economy
Explanation:
i feel like it's D
Answer:
$4,350
Explanation:
Based on the amortization period, the duration of the patent would be 20 years or 10 years whichever is lower. So, in this question, we consider the useful life of 10 years
The computation is shown below:
= (Legal costs associated with the patent + unamortized research expenditures) ÷ useful life in months × given months
= ($43,000 + $15,000) ÷ 120 months × 9 months
= $58,000 ÷ 120 months × 9 months
= $4,350
The nine months is calculated from April to December month. We assume that the books are closed on December month
Answer:
The correct answer is letter "C": They can effectively leverage the national and local advertising programs sponsored by the franchiser.
Explanation:
A franchise is a business, in which a franchisee acquires access to the franchisor's proprietary knowledge, processes, and trademarks. The franchisee buys the right under an established brand name to sell a product or service. Consumers already know the brand, so no additional resources must be used to launch the product.
Thus, <em>Celine is correct by arguing that by franchising Nava, Gina and her can take advantage of the domestic and international advertising programs of the firm.</em>
Answer:
Allocated costs= $9,900
Explanation:
Giving the following information:
The Administrative Department costs are allocated to the other three departments based on the number of employees in each.
Costs:
Administration= $30,000
No. of employees:
Maintanance= 2
Assembly= 6
Packaging= 4
First, we need to calculate the proportion of employees in each department:
total employees= 12
Maintanance= 2/12= 0.17
Assembly= 6/12= 0.5
Packaging= 4/12= 0.33
Now, we can allocate the administrative costs to Packaging:
Allocated costs= 0.33*30,000= $9,900
