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Jet001 [13]
3 years ago
8

If a firm averages $2,000 in daily credit sales and offers 60-day terms, the average accounts receivable balance will be $120,00

0.
a. True
b. False
Business
1 answer:
Alexeev081 [22]3 years ago
8 0

Answer:

a. True

Explanation:

The computation of the average accounts receivable balance is shown below:

= Daily credit sales × day terms

= $2,000 × 60 days terms

= $120,000

We simply multiplied the average amount with the day term so that the average account receivable balance could come

Hence, the given statement is true

Therefore the correct option is a.

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Which career professionals would typically work in their own private office?
frosja888 [35]

Its actually <em><u>A) Office Managers and Human Resource workers</u></em>

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3 years ago
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Steve Jobs of Apple was known as a perfectionist. "My job is not to be easy on people," he said. "My jobs is to take these great
Natasha2012 [34]

Answer: detail oriented

Explanation:

From the analysis made in the question, we can deduce that Apple probably looks to hire people who are innovative and detail-oriented.

A detail oriented person pays attention to every little details and tries as much as possible to avoid mistakes and is very close to being described as a perfectionist.

5 0
3 years ago
When calculating a project’s net present value, which type of cash flows should be considered? Question 2 options: A) Free cash
irina [24]

Answer:

Operating cash flows

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV is a capital budgeting method used to determine profitable investments

7 0
3 years ago
Seventy new jobs are opening up at an automobile manufacturing plant, and 1000 applicants show up for the 70 positions. To selec
777dan777 [17]

Answer:

  • <em>As explained below, given that the score of the person is among the 0.03125 fraction of the best applicants, </em><u><em>he can count on getting one of the jobs.</em></u>

<em></em>

Explanation:

The hint is to use <em>Chebyshev’s Theorem.</em>

Chebyshev’s Theorem applies to any data set, even if it is not bell-shaped.

Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean.

For this sample you have:

  • mean: 60
  • standard deviation: 6
  • score: 84

The number of standard deviations that 84 is from the mean is:

  • k = (score - mean) / standar deviation
  • k = (84 - 60) / 6 = 24 / 6 = 4

Thus, the score of the person is 4 standard deviations above the mean.

How good is that?

Chebyshev’s Theorem states that at least 1−1/k² of the data lie within k standard deviations of the mean. For k = 4, that is:

  • 1 - 1/4² = 1 - 1/16 = 0.9375

  • That means that half of 1 - 0.9375 are above k = 4: 0.03125

  • Then, 1 - 0.03125 are below k = 4: 0.96875

Since there are 70 positions and 1,000 aplicants, 70/1,000 = 0.07. The compnay should select the best 0.07 of the applicants.

Given that the score of the person is among the 0.03125 upper fraction of the applicants, this person can count of geting one of the jobs.

3 0
2 years ago
According to classical macroeconomic theory, changes in the money supply affect:_______.
Ivahew [28]

Answer:

Option A. real GDP and the price level.

Explanation:

Option “A” is correct because the change in money supply (say increase) will decrease the interest rate and that will result in an increase in investment and more investment will generate more jobs and more money in consumers’ hands. Thus, they will stimulate the spending and aggregate demand will increase. Resulting in the rise in price and rise in real GDP. therefore, option A is right.

6 0
3 years ago
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