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Oksana_A [137]
3 years ago
8

Assuming a 365-day year, Bush Industries calculated an average of 47 days to collect its accounts receivable in 2019. During 201

8, Bush's accounts receivable turnover rate: Select one: a. Was approximately 7.77. b. Was equal to 47 times its average accounts receivable. c. Was approximately 0.13. d. Can't be determined from this information alone.
Business
1 answer:
alexandr402 [8]3 years ago
6 0

Answer:

The answer is: A) Was approximately 7.77

Explanation:

A company's Accounts Receivable turnover rate refers to the number of times per year that a company collects its accounts receivable. It is calculated using the following formula:

turnover rate = 365 days / average time to collect accounts receivable

turnover rate = 365 days / 47 days = 7.77

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Imagine that businesspeople from a high-context culture (e.g., Japan or China) meet their counterparts from a low-context cultur
tino4ka555 [31]

Answer:

As per Chegg guidelines .

Explanation:

For a high-context culture, the social environment or social context has more importance than the words being spoken. This means that in a high context culture, low-contex culture is not as important as the nonverbal communication, because nonverbal communication has more importance . For the high-context culture, a contract is just a beginning point for negotiations in closing the deal. Signing of the contract does not necessary means closing of the business deal. Some of the examples of high-context cultures are China, most Arab countries, Latin America, most African countries, most other Asian countries, and Italy. In reality, most cultures fall somewhere along a continuum, or sliding scale, in their perception of the importance of context (with high and low being the end points of the continuum

4 0
3 years ago
If you were marketing a product to a particular target market and you only knew the demographic characteristics, what product be
Monica [59]

The product benefits to be highlighted in the marketing based on demographic characteristics are

  • beneficial to particular age
  • beneficial to particular working class
  • beneficial to particular gender etc

<h3>What is the demographic segmentation?</h3>

In marketing, this refers to the segmenting of customers according to gender, age, ethnicity, family size, religion etc.

The use of demographic segmentation in marketing helps to provide the needs and want to consumers based on the demograph gathered from them.

Read more about demographic segmentation

<em>brainly.com/question/15595503</em>

#SPJ1

8 0
2 years ago
Give at least one example that you believe demonstrates when the cost of government actions outweighs the benefits.
Dovator [93]

Answer: The creation of a government set price for gasoline by ni government.

Explanation:

In 1970 president Nixon inteoduced a soft artificial price ceiling on gasoline in the United States. This was as a result of the OPEC crisis of 1970s. It is a good example of scenerios where the cost of government action outweighs the benefits. this was due to the creation of the government-set price which would cause the quantity demanded to be more than the quantity supplied because gasoline was cheaper now.

7 0
3 years ago
About two-thirds of all U.S. commercial banks are chartered by the state in which they are based.The banks are called _________
erastova [34]

Answer:

State.

Explanation:

About two-thirds of all U.S. commercial banks are chartered by the state in which they are based.The banks are called state banks.

A state bank can be defined as any bank that receives or got its charter from a state government but not the federal government of the United States of America. In the United States of America, a state bank reserves the right to either be a member of the Federal Reserve System ("The Fed") or not and as such, can only do business within the state and be regulated by the state where it is operating.

<em>Some examples of state banks in the United States of America are California Bank of Commerce, CalPrivate Bank, United Pacific Bank, Citizens Business Bank etc. </em>

8 0
3 years ago
Talks-A-Lot, Inc. sells cell phones to customers and expects that 5% of phones sold will be returned for repair under its warran
ivann1987 [24]

Answer:

Warranty liability $2,128

Explanation:

680 phones sold x 5% x $76 per repaired phone = $2,584 total warranty liability

6 phones were repaired during the year x $76 =  $456

remaining warranty liability = total estimated liability - money spent repairing phones during the year = $2,584 - $456 = $2,128

total outstanding warranty liability = $2,128

Since phone warranties last less than a year, the full amount should be recorded under current liabilities.

5 0
3 years ago
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