Answer:
Part a.
Accounts receivable turnover ratio is the shows how many times accounts receivable can be converted in to cash during the period. The formula for calculating the same is given below.
Accounts receivable turnover ratio = Net credit sales / Average accounts receivable
The following table shows the accounts receivable turnover ratio of MCB and ABI:
Particulars MCB ABI
Net sales $5,170 $39,046
Average Accounts Receivable $517 $2,606
Accounts Receivable Turnover rate 10 14.98
Part b.
Day's sale outstanding shows the average number of days taken to collect the accounts receivable. The formula for calculating the same is given below.
Day's sale outstanding = Accounts receivable / Total credit sales × 365
The following table shows the days sale outstanding of MCB and ABI:
Particulars MCB ABI
Net sales $5,170 $39,046
Average Accounts Receivable $517 $2,606
Day's sale outstanding 36.5 24.36
Structural unemployment can be caused by all of the following except fluctuations in the business cycle.
<h3>
What is Structural unemployment ?</h3>
Structural unemployment is long-lasting unemployment that comes about due to shifts in an economy.
Structural unemployment is caused by a mismatch of skills between the unemployed and available jobs. Structural unemployed is caused by changes in the economy, such as deindustrialization, which leaves some unemployed workers unable to find work in new industries with different skill requirements.
This type of unemployment happens because though jobs are available, there's a mismatch between what companies need and what available workers offer.
For example, employees who produce a specialty clothing product that suddenly is no longer a trend might lose their position producing this specific product, causing structural unemployment.
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The recommended appropriate financial professional for Mark. A is: d. Financial planner.
Financial planner is a financial professional or financial adviser who is in the right position to give financial advice or to provide financial guidance to you.
A financial planner can help you plan your finances so as to avoid running into debt which will in turn will enables your to achieve your financial aims and goals.
It is the duty of a financial planner to give you some insight on how you can grow your wealth and how to manage your wealth.
Based on the given scenario Mark should consult a financial planner who will help him plan his finances as well as how to build his investment for future project.
Inconclusion the recommended appropriate financial professional for Mark. A is: d. Financial planner.
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Nah I don’t think the us really needs to trade with Canada
Answer:
C. A recovery of the amount originally invested in the asset
Explanation:
The annual depreciation expense is a non-cash expense and shown in the debit side of the income statement plus it is get added in the net income in the operating activities section of the cash flow statement
While computing return on average investment, the annual depreciation expense recover the invested amount of the asset
Hence, all other options are wrong except c.
