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Maksim231197 [3]
3 years ago
6

If a firm sells on terms of 2/10, net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day

credit period tell us that the credit department is functioning efficiently and there are no past due accounts. True False
Business
1 answer:
mart [117]3 years ago
7 0

Answer:

False

Explanation:

If a firm sells on terms of 2/10, net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day credit period tell us that the credit department is functioning efficiently and there are no past due accounts. This is a false statement.

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PB8.
Maurinko [17]

Answer:

Products         Selling price   Unit variable cost

                                $                       $

Junior                     50                      15

Adult                       75                      25

Expert                     <u>110 </u>                   <u> 60</u>

Total                      <u> 235 </u>                  <u> 100</u>

The sales price per composite unit = $235

The contribution margin per composite unit

= Composite selling price - Composite unit variable cost  

= $235 - $100

= $135

Break-even point in units

= <u>Fixed cost</u>

  Contribution per unit

= <u>$114,750</u>

  $135

= 850 units

Break-even point in dollars

= Break-even point in units x Composite selling price

= 850 units x $235

= $199,750

                     Income Statement    

                                                               $

Total contribution ($135 x 850 units)   114,750

Less: Fixed cost                                     <u>114,750</u>

Net profit                                                   <u> 0</u>

                                                                                                                                                                             

Explanation:

Sales price per composite unit is the aggregate of all the selling prices.

Contribution margin per composite unit equals composite selling price minus composite unit variable cost.

Break-even point in units is fixed cost divided per composite contribution margin per unit.

Break-even point in dollars equal break-even point in units multiplied by selling price.

Income statement is prepared by deducting the total fixed cost from the total contribution.

4 0
3 years ago
"Many Western firms that sold oil-refining technology to firms in Gulf states now find themselves competing with these firms in
aalyn [17]

Answer: A. The firm entering into a turnkey project with a foreign enterprise, inadvertently creating a competitor.

Explanation:

A TurnKey project is one where the constructor initiates and completes the entire project. That means they handle the design, the construction, the furnishing and etc so that they can give the project to the buyer in working condition.

By getting into such Projects with firms in Gulf states, Western firms created competitors because they essentially sold their competitive advantage away as well. Now those firms are just as proficient in producing as they are thus giving them competition.

3 0
3 years ago
Read 2 more answers
Gobblecakes is a bakery that specialized in cupcake. The annual fixed cost to make cupcake is $18,000. The variable cost includi
Brut [27]

Answer:

Gobblecakes is a bakery that specialized in cupcake. The annual fixed cost to make cupcake is $18,000. The variable cost including ingredients and labor to make a cupcake is $0.9. the bakery sell a cupcake for $3.2 a piece.If the bakery sells 12,000 cupcakes annually, determine the total cost, total revenue, and profit.

Total cost= variable cost + fixed cost

TC= 0.9+18,000

TC= $18,000.90

Total revenue= price X quantity of goods

TR= 3.2 X 12000

TR= $38,400

Profit= TR-TC

Profit= $38,400-$18,000.9

profit= $20,399.10

Explanation:

4 0
3 years ago
How should a person cope with situational factor for which there are ethical confident skills?
ipn [44]

Self-confidence is considered one of the most influential motivators and regulators of behavior in people's everyday lives (Bandura, 1986). A growing body of evidence suggests that one's perception of ability or self-confidence is the central mediating construct of achievement strivings (e.g., Bandura, 1977; Ericsson et al., 1993; Harter, 1978; Kuhl, 1992; Nicholls, 1984). Ericsson and his colleagues have taken the position that the major influence in the acquisition of expert performance is the confidence and motivation to persist in deliberate practice for a minimum of 10 years.

Self-confidence is not a motivational perspective by itself. It is a judgment about capabilities for accomplishment of some goal, and, therefore, must be considered within a broader conceptualization of motivation that provides the goal context. Kanfer (1990a) provides an example of one cognitively based framework of motivation for such a discussion. She suggests that motivation is composed of two components: goal choice and self-regulation. Self-regulation, in turn, consists of three related sets of activities: self-monitoring, self-evaluation, and self-reactions. Self-monitoring provides information about current performance, which is then evaluated by comparing that performance with one's goal. The comparison between performance and goal results in two distinct types of self-reactions: self-satisfaction or -dissatisfaction and self-confidence expectations. Satisfaction or dissatisfaction is an affective response to past actions; self-confidence expectations are judgments about one's future capabilities to attain one's goal. This framework allows a discussion of self-confidence as it relates to a number of motivational processes, including setting goals and causal attributions.

7 0
3 years ago
What would you do if you can stop time
Arlecino [84]

Answer:

Tbh if I could stop the time

I would do anything to get the time back to normal since it will probably  be boring doing it yourself with no help if you know what I mean :)

Explanation:

Hoped this helped :)

5 0
3 years ago
Read 2 more answers
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