Answer:
Receivables turnover= Sales/ Accounts Receivables
Receivables turnover= $9,358,610 / $442,016
Receivables turnover= 21.173 times
Days' sales in receivables= 365 days/ Receivables turnover
Days' sales in receivables= 365 days/ 21.173 times
Days' sales in receivables= 17.239 days
Average collection period= Days' sales in receivables = 17.239 days
Answer:
$80,000
Explanation:
Calculation for the net income for Dana's Dress Shop using the traditional format
NET INCOME USING TRADITIONAL FORMAT
Using this formula
NET INCOME=Gross Margin -Total Selling & Administrative Expenses
Where,
Gross Margin =$140,000
Total Selling & Administrative Expenses=$60,000
Let plug in the formula
NET INCOME=$140,000-$60,000
NET INCOME=$80,000
Therefore the NET INCOME will be $80,000.
Answer:
The total investment in the economy is $50 million
Explanation:
The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports)
Using this formula we can determine the amount of investment.
Investment = 500 (GDP) - 300 (private consumption) - 150 (government spending) = $50.
It is true that some jobs require more training and experience than others. Also, that some jobs carry more responsibility, pay more, and have greater status.
But that doesn’t mean one job is more important than another.
In an organization, everyone matters and no one should look down upon someone for the work they are doing.
Remember, every job should be valued. And, every person should be treated with dignity and respect.
Answer:
His payments are $64.63 every week.
Explanation:
P = Regular Payments = ?
PV = Loan Amount = $16,400
r = rate of interest = 10.99%
n = no of periods = 7 = 364
P = [r (PV)
] / [1 - (1 + r )^-n]
P = (10.99%/52)*16400 / 1 - [1 / (1 + 10.99%/52)^364)]
P = 34.66076923 / 1 - [1 / 2.156503587]
P = 34.66076923 / 0.53628642
P = 64.63107760588
P ≈ $64.63 weekly
