1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mixer [17]
3 years ago
7

The 2016 financial statements of CVS Health Corporation reported sales of $177,526 million and accounts receivable of $12,164 mi

llion. If sales are projected to increase 4% next year, what is the projected accounts receivable balance for 2017?
Business
1 answer:
Nimfa-mama [501]3 years ago
5 0

Answer:

The projected accounts receivable balance for 2017 is $12,650.55 million

Explanation:

For computing the projected accounts receivable, first, we have to compute the percentage of accounts receivable with sales which equal to

= Accounts receivable ÷ sales × 100

= $12,164 million ÷ $177,526 million × 100

= 6.85195%

Now, multiply this percentage with the increased sales  

The increase in sales is = Sales + (Sales × 4%)

                                   = $177,526 million + ($177,526 million × 4%)

                                   = $177,526 million + $7,101.04

                                   = $184627.04 million

So, the projected account receivable equals to

= $184627.04 million × 6.85195%

= $12,650.55 million

You might be interested in
Write an essay of at least 150 -words based on reading the following regulation policy. In your essay, you should:
Olin [163]
The answer this prob would be outline of sequence in equavilant
8 0
3 years ago
Read 2 more answers
In marketing and sales communications, it is illegal to use bait-and-switch advertising
garri49 [273]

Bait and switch procedures are regularly taken into consideration to be a form of fraud, and consequently illegal. Therefore, the given statement is true.

<h3>What is Bait and Switch operation?</h3>

A “bait and switch” takes area when a dealer creates an attractive however ingenuine provide to promote a product or service, which the vendor does now no longer surely intend to promote.

For example, If the store has deliberately run the advert while not having the object in stock, that is bait and switch.

Bait and switch scams can fall under some of the violations, from breach of settlement to fake advertising.

Therefore, Bait and switch procedures are regularly taken into consideration to be a form of fraud, and consequently illegal. The given statement is true.

learn more about Bait and switch procedures here:

brainly.com/question/981097

#SPJ1

3 0
2 years ago
Which are the features of conditional formatting?
leva [86]

Answer:

Conditional formatting is a feature in many spreadsheet applications that allows you to <u>apply specific formatting to cells that meet certain criteria</u>. It is most often used as <u>color-based formatting to highlight, emphasize, or differentiate among data</u> and information stored in a spreadsheet.

7 0
3 years ago
A number of activities that are a part of a company's quality control system are listed below:
KonstantinChe [14]

Answer:

Explanation:

A. Product testing - Appraisal cost

B. Product recalls - External Failure cost

C. Rework labor and overhead - Internal Failure cost

D. Quality circles - Prevention cost

E. Downtime caused by defects - Internal Failure cost

F. Cost of field servicing - External Failure cost

G. Inspection of goods - Appraisal cost

H. Quality engineering -  Prevention cost

I. Warranty repairs - External Failure cost

J. Statistical process control -Prevention cost  

K. Net cost of scrap - Internal Failure cost

L. Depreciation of test equipment - Appraisal cost

M. Returns and allowances arising from poor quality - External Failure cost

N. Disposal of defective products - Internal Failure cost

O. Technical support to suppliers - Prevention cost

P. Systems development - Prevention cost

Q. Warranty replacements -   Internal Failure cost

R. Field testing at customer site - Appraisal cost

S. Product design -  Prevention cost

2. Which of the four types of costs in (1) above are incurred in an effort to keep poor quality of conformance from occurring? Prevention costs and appraisal costs.

Which of the four types or costs in (1) above are incurred because poor quality of conformance has occurred?   Internal failure costs and external failure costs

4 0
3 years ago
In 2007, Terry Inc. provided the following items in their footnotes. Their cost of goods sold was $22 billion under FIFO costing
nikdorinn [45]

Answer:

$22.2 billion

Explanation:

Calculation to determine How much would they report as LIFO cost of goods sold

Cost of goods sold=$22 billion + ($0.8 billion ­ $0.6 billion)

Cost of goods sold=$22 billion + $0.2 billion

Cost of goods sold= $22.2 billion

Therefore How much would they report as LIFO cost of goods sold would be $22.2 billion

7 0
3 years ago
Other questions:
  • Fair use allows individuals to break copyright so long as they ________.
    5·1 answer
  • Process redesign: a. is the fundamental rethinking of business processes. b. is sometimes called process reengineering. c. tries
    9·1 answer
  • Inefficient capitalism socialism or communism
    10·1 answer
  • Price discrimination Question 29 options:
    14·1 answer
  • Wang Company accumulates the following adjustment data at December 31. For each item, indicate the (1) type of adjustment (prepa
    14·1 answer
  • What are the disadvantages of a mixed economy?
    12·2 answers
  • If a government fixes the wage rate above the mar-
    9·1 answer
  • A​ &amp; D Window Cleaning performed​ $450 of services but has not yet billed customers for the month. If A​ &amp; D fails to re
    7·1 answer
  • Bonita Industries began using dollar-value LIFO for costing its inventory two years ago. The ending inventory for the past two y
    9·1 answer
  • 1. Explain why businesses pay overtime rates rather than employ more workers on the lower standard wage rate?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!