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Maksim231197 [3]
2 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]2 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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In the capitalistic economy what ensures that a firm will survive only way to serve its customers wall by providing products and
olga55 [171]

Answer:

Competition

Explanation:

In the capitalistic economy, COMPETITION ensures that a firm will survive only if it serves its customers well by providing products and services that meet their needs.

Hence, Competition is a favorable concept for business because it stimulates the improvement and growth of new and decent commodities in the markets.

To consumers, competition is good because it normally leads to better service and lower the costs or prices of commodities.

3 0
3 years ago
he following is from the 2021 annual report of Kaufman Chemicals, Inc.: Statements of Comprehensive Income Years Ended December
o-na [289]

Answer: The answer is given below

Explanation:

An annual report is a report that is comprehensive about the activities of a company in the previous year. The aim of a company publishing its annual report is to give the shareholders and every other interested person information about activities of the company and its financial performance.

We are told that Kaufman calculated the $83 million accumulated other comprehensive income in 2021. This was calculated as the accumulated other comprehensive income in 2020 plus the change in the net unrealized gains on the AFS investments, the net of tax of $12 in 2021 plus the other net income of 2021. This can be represented mathematically as:

= $60,000,000 + $24,000,000 + (-$1,000,000)

=84,000,000 - $1,000,000

=$83,000,000

= 83 million

8 0
3 years ago
The primary difference between a periodic and perpetual inventory system is that a periodic systemA)keeps a record showing the i
pishuonlain [190]

Answer:

D)determines the inventory on hand only at the end of the accounting period.

Explanation:

Due to the fact of <em>inflation, </em>change of prices over time, a periodic inventory system does not provide a better record over the cost of inventory because it is only determined once in the accounting period, usually at the end of it.

Meanwhile, a perpetual inventory system keeps a record showing the inventory at all time. That is every time a sale is made, cost of goods sold (cogs) is determined.

So if a business does not need to wait until the end of the accounting period to check (cogs),  it is better to use a perpetual system.

5 0
3 years ago
Real-world economies get hit with lots of shocks to aggregate demand and real shocks. Categorize each scenario as an aggregate d
Reil [10]

Answer:

a)  Decrease LRAS

b)  Decrease LRAS  

c)  Increase AD

d)   Increase AD  

Explanation:

steel workers go on strike so less steel is produced : this will cause a decrease in the log run aggregate supply of steel in the economy

A tornado destroys factories in Louisiana.: this will cause a decrease in the log run supply of factory products and by-products in the economy

Consumer optimism increases.leads to an increase in the aggregate demand curve

The stock market rallies to 52-week highs increasing consumer wealth. this will definitely lead to an increase in the aggregate demand curve because with more money to spend the demand curve will increase

7 0
2 years ago
How many international airports are in cote d'ivoire?
uranmaximum [27]
1 internation airport and its called the Ivory Coast 
3 0
3 years ago
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