Answer:
I) Days sales outstanding (DSO) for all customers? 48.7days
= (53*0.9)+(10*0.1) = 48.7 days
II) Net sales? $166.600
The Net sales = Gross sales - sales allowance
The discount amount due for the 10% discount customers = 2% of the 10% of 170 mn ==> 0.02 * 0.1 * 170 ===> 0.34 mn
∴ The Net sales = 17 - 0.34 mn = 16.66 mn
Amount paid by discount customers? $13.600
Explanation:
I. General Credit Policy Information
Credit stamps 2/10 Net 30
Days sales outstanding (DSO) for all customers 48.7days
DSO for customers who take the discount (10%) 10days
DSO for customers who forgo the discount (90%) 53days
II. Annual Credit Sales and Costs ($ millions)
Gross sales $170.000
Net sales? $166.600
Amount paid by discount customers $13.600
Amount paid by non discounted customers $153.000
Variable operating costs (82% of gross sales) $139.40
Bad debts $0.0
Credit evaluation & collection costs (10% of gross sales) $17.00
Answer:
$41.0 million
Explanation:
Calculation to determine the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method
DIRECT METHOD:
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash proceeds received from sale of land $41.0 million
Therefore the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method is $41.0 million
In the given Simple Model, I would like to add Requirements Gathering and Analysis after the Problem Statement. Because we know the problem description and we need to derive the requirements using the given data.
<h3><u>What exactly does "process modeling" mean?</u></h3>
Business processes or workflows are represented graphically in process modeling. Similar to a flow chart, each stage of the process is broken down so that a complete picture of the tasks involved in it within the context of the business environment is available.
A process model enables business processes to be visualized, helping firms better understand their internal business processes and manage and improve them. This is typically a flexible exercise for ongoing development.
<u></u>
<u>What advantages does process modeling have?</u>
Business processes are given a visual representation through the process modeling method, making it easier for users to analyze them and determine how they might be improved. Process modeling also has additional advantages, such as:
- Increased effectiveness
- Gain transparency
- Ensure best practices
- Develop comprehension
- Business orchestration.
Learn more about business with the help of the given link:
brainly.com/question/11357749
#SPJ4
Answer:
d) quality management
Explanation:
Continuous improvement
Continuous improvement in the overall performance of the Organization should be a permanent objective of the Organization.
This implies:
The continuous improvement of the quality management system is to increase the probability of increasing the satisfaction of Clients and other interested parties.
The following are actions aimed at improvement:
- analysis and evaluation of the existing situation to identify areas for improvement;
- the establishment of the objectives for improvement;
- the search for possible solutions to achieve the objectives;
- the evaluation of these solutions and their selection;
- the implementation of the selected solution;
- the measurement, verification, analysis and evaluation of the results of the implementation to determine that the objectives have been achieved;
- the formalization of the changes.
The answer to your question is False
