Answer:
1. Calculate the net profit margin and accounts receivable turnover for 2019
Net profit margin = Net income/Net sales
Net profit margin = 36,000/(219000-4000)
Net profit margin = 16.74%
A/R turnover = Sales/Average turnover
A/R turnover = (219000-4000)/((32000+39000)/2)
A/R turnover = 6.06
2. How much does Nash make on each sales dollar?
= 36,000 / (219000-4000)
= 36,000 / 215000
= $0.17
3. How many days does the average receivable take to be paid (assuming all sales arc on account)?
Days Sales Outstanding = Average account receivables*365 / Net credit sales
Days Sales Outstanding = [((32000+39000)/2)*365] / (219000-4000)
Days Sales Outstanding = 12957500/215000
Days Sales Outstanding = 60 days
I think the phase that served that purpose would be: <span>the Support and Security Phase
support and security phase is important because customers who unfamiliar with the products tend to face some difficulties in the beginning of their interaction with the production which prevents them to experiencing the maximum value of the product.</span>
Answer:
$8,000 ordinary loss and $3,000 short-term capital loss
Ordinary loss (Small business stock) ($8,000)
Long-term capital gain $5,000
- Long-term capital loss (Worthless securities)
(1,000)
Net long-term capital gain $4,000
- Short-term capital loss (Nonbusiness bad debt)
(9,000)
Net short-term capital loss ($5,000)
Short-term capital loss limited to ($3,000)
Answer:
science, technology, engineering, mathematics
Answer:
After 2 weeks.
Explanation:
In this situation, the art department is fully dependent on Promotional Pieces because they have to work on it.
- To buy Promotional pieces they need one week To maintain their cost and strategies to buy Promotional pieces.
- After that, the Art Department needs to know about The selling price of the commodity to mention on Promotional paper but here strategy group department needs one week to Find manufacturing cost.
Therefore, the art department will begin after two weeks.
