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Olegator [25]
2 years ago
9

Suppose the amounts presented here are basic financial information (in millions) from the 2019 annual reports of Nike and Adidas

. Nike Adidas Sales revenue $19,887.0 $10,584.0 Allowance for doubtful accounts, beginning 80 120 Allowance for doubtful accounts, ending 110 126 Accounts receivable balance (gross), beginning 2,924 1,736 Accounts receivable balance (gross), ending 2,948 1,534 Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.) Nike Adidas Accounts receivable turnover times times
Business
1 answer:
xeze [42]2 years ago
8 0

Answer:

Both Companies have an Account Receivable turnover of 7.00 (seven)

Explanation:

(for future question it would be better if you upload an image with the table this is quite confusing)

\left[\begin{array}{ccc}-&Nike&Adidas\\sales&19887&10584\\B AR&2924&1736\\B all&80&120\\Net AR&2844&1616\\E AR&2948&1534\\E all&110&126\\Net AR&2838&1408\\\end{array}\right]

Account Receivable TurnOver Formula

\frac{net \: credit \: sales}{average \: account \: receivable} = AR \: TurnOver

<u>Where:</u>

average \: AR = (beginning \: AR + ending \: AR) \div 2

  • <em>Nike:</em>

<em>(2844+2838)/2 = 2841 Average Inventory</em>

\frac{19887}{2841} = 7.00 \: AR \: turnOver

  • Adidas

(1616+1408)/2 = <em>1512 Average Inventory</em>

\frac{10584}{1512} = 7.00 \: AR \: turnOver

<em />

<em />

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According to path-goal theory, directive leadership should be used when employees believe that outside circumstances control their lives

Option A is an appropriate response.

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The Path-Goal model is a theory that relies on identifying a leader's behavior or style that best suits the team members and workplace in order to accomplish a goal.

The path-goal theory is a process where leaders choose particular behaviors that are best matched to the demands of the employees and the working environment in order to guide the employees  in achieving their daily work objectives.

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Hence, option A is an appropriate response.

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7 0
1 year ago
A company has fixed costs of $50,000 while manufacturing a product that has variable costs of $4 per unit and sells for $14 per
Airida [17]

Answer:

the break even point in units is 5,000 units

Explanation:

The computation of the break even point in units is shown below:

= Fixed cost ÷ contribution margin per unit

= Fixed cost ÷ (Selling price per unit - variable cost per unit)

= $50,000 ÷ ($14 - $4)

= $50,000 ÷ $10

= 5,000 units

hence, the break even point in units is 5,000 units

We simply applied the above formula so that the correct value could come

And, the same is to be considered

5 0
3 years ago
Solar Hydro manufactures a revolutionary aeration system that combines coarse and fine bubble aeration components. This year (ye
Ierofanga [76]

Answer:

$7,986

Explanation:

To calculate the equivalent annual cost for 5 year period at an interest rate of 10% per year we need to go through some minor calculations first.

DATA

Cost in first year (A) = $10,000

Decrease in cost each year after the first year (G) = $560

Interest rate = 10%

Time period = 5 years

Solution

EAC = A - G (A/G, i, n)

EAC = $9,000 - $560(A/G, 10%, 5)

EAC = $9,000 - ($560 * 1.8101)

EAC = $9,000 - $1,013.656

EAC = $7,986

4 0
2 years ago
mazda once included a solar powered ventilation system on its cars. a solar panel on the roof powered a pair of fans near the tr
Mariana [72]

In a case whereby mazda once included a solar powered ventilation system on its cars. a solar panel on the roof powered a pair of fans near the trunk, this is an example of Lean manufacturing.

<h3>What is Lean manufacturing?</h3>

Lean manufacturing  can be described as the methodology  whioch ius been used by the company so as top be able to minimize waste within manufacturing systems.

It should be noted that with this miniumization thjat is been done,  there is simultaneously maximization of productivity howevr the Waste  caqn be described as the thin gs that do not go well with the customers or those things that dop not  adds value and are not willing to pay for.

In conclusion, the Lean manufacturing can be descroibed as the type of manufacturing that canm be use toi factor out the waste during the manufacturing so as to be able to improve the productivity as well as efficiency.

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8 0
10 months ago
Brooklyn opened a store credit card to purchase a sofa for $849. She put the entire purchase on the credit card. Her APR is 19.9
pentagon [3]

Answer:   $766.88

Explanation:

Calculations:

Total Credit card loan = $849

APR - 19.99%

Min payment = 5%

1st Instalment payment

= $849( loan)  * 5%( Min Pmt)

= $42.45

2nd Installment payment

=($849) * (5% * 19.99%)/12

=$849 * 0.0008329166

= 0.7 - Int

Principal payment= $849- 42.45=806.55* 0.05(min payment) =40.3275

= 40.3275+0.7=41.03

=$41.03

3rd Installment payment

=($849) * (5% * 19.99%)/6

=$849 * 0.001641931

= 1.394- Int

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= 38.28+1.394

=$39.67

4 0
3 years ago
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