I don’t know if your supposed to use vocab or something but it would make you a responsible person in my opinion. Hope this helps:)
Answer:
Total sales = $1650000
Explanation:
Below is the given values:
Quick ratio = 1.0
Current ratio = 3.5
Current assets = $980000
Marketable security = $115000
Current ratio=Current assets/Current liabilities
3.5 = 980000 / Current liabilities
Current liabilities = 980000/3.5
Current liabilities = 280000
Quick ratio=Quick assets/Current liabilities
1.0 =Quick assets/280000
Quick assets = 1.0 x 280000 = 280000
Quick assets = Marketable security + Accounts receivable
Accounts receivable = 280000 - 115000
Accounts receivable = $165000
Days sales outstanding=(Accounts receivable/Total sales)*Days in a period
36.5 = (165000 / total sales ) x 365
Total sales=$165,000/(36.5 days/365 days
Total sales = $1650000
Gloria has read 102 pages of the novel.
Relative to a perfectly-competitive labor market, a monopsonized one pays lower wages and hires fewer workers.
<h3>What is a p
erfectly-competitive and a monopsonized labor market?</h3>
A monopsonized labour market is a market where there is only one employer of labor. The sole employer sets the labor wages and this can lead to low level of wages.
A perfectly-competitive labor market is where there are many employers of labor. Prices are set by the forces of demand and supply.