Answer:
24.3 days
Explanation:
Calculation for How long, on average, does it take the firm to collect on its sales
Using this formula
Average collection period = (Accounts receivable / Credit sales) * 365 days
Let plug in the formula
Average collection period =$30 million/$450 million *365 days
Average collection period =24.3 days
Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days
Answer:
Explanation:
The four transactions will be recorded in the general journal as follows:
1) Debit cash $12,000
Credit common stock $12,000
(To record the sale of common stock)
2) Debit purchases $5,600
Credit cash $5,600
(To record purchase of inventory in cash)
3) Debit cash $5,712
Credit sales $3,360
Credit gross profit $2,352
(To record the sale of inventory in cash)
4) Debit advertising expenses $650
Credit cash $650
(To record the payment of advertising expenses in cash)
Answer:
Semler's early leadership Style was the coercive one. He expected a lot from his employees believe in micromanaging his team. He always do overtime and expects the same from his employees/team as well.
Explanation:
Semler's early leadership Style showed that he wanted immediate success and be bossy in terms of selecting and firing the employees.
Answer:
Insider Trading
Explanation:
These people were insider trading because they were using non public material information to trade stocks and make profit. The information was confidential thus it was non public and the information could change the price of the stock that is why it was material and these people used this information to trade the stock thus they were all insider trading.
Answer:
I believe this would be in the Engineering and technology pathway.
Explanation:
Examples of someone in a engineering and technology pathway are people like Biomedical engineers so it makes sense!