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Vinil7 [7]
3 years ago
14

Suppose that GDP is $50 million in 2015 but falls to $48 million in 2016, and that no changes in personal consumption expenditur

es, gross private domestic investment, and government spending are recorded. What must have happened to net exports to cause this change
Business
1 answer:
Minchanka [31]3 years ago
8 0

<u>Solution and Explanation:</u>

GDP is calculated as follows:

Y = C + G + I + NX

where

C = Consumption

G = Government Expenditure

I = Investment

NX = Net Exports

It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.

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. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do
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The question is incomplete, find complete question in the attached.

The receivables turnover for the current year is 9.02 times while average days sales in receivable is  41 days

Explanation:

The formula for computing receivables turnover ratio is given as:

Net credit sales/average accounts receivable,where average receivables is the opening plus closing receivables divided by two.

Net credit sales=$35,657

Average receivables =($3495+$4415)/2=$3955

Receivable turnover ratio=$35657/$3955

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Average days sales in receivable=number of days in the year/receivable turnover ratio

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The average days sales in receivable implies the average number of days it takes receivables to settle their accounts

Download xlsx
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4 years ago
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