Answer:
a. 12.88 times
b. 28.35 days
c. 28.35 days
Explanation:
a. Receivables turnover
Receivables turnover = Credit sales ÷ Receivables
= $6,787,626 ÷ $527,164
= 12.88 times
b. Days’ sales in receivables
Days' sales in receivables = 365 days ÷ Receivables turnover
= 365 ÷ 12.88
= 28.35 days
c. On average it would take 28.35 days for credit customers to pay off their balances during the last year.
Answer and Explanation:
increase in investment in physical capital will shift the demand curve for the loanable funds rightwards to D1D1 leading to an increase in investment to increase the productivity of labor and capital in the economy. the increase in productivity will shift the productivity function upwards output to Y'.
Discounts on products may or may not answer questions from customers, but this does not mean that if a company offers discounts on a product, customers will answer their questions and decide to buy.
Discounts on goods or services are a great way to get new customers quickly. Even if they have never heard of your business before, a discount is likely to pique their interest when they learn that they can save money on goods or services they want, are likely to use, or have considered using. As a marketing strategy, discounts may not only help you increase your bottom line but also attract new customers and attention.
Benefits of providing discounts
- Attract new customers Discounts- as previously stated, are extremely appealing to customers and have the potential to attract both new and returning customers. Discounting products and services, particularly those in high demand, is a great way to get people's attention. Particularly in these days of social media, word-of-mouth traffic may significantly improve promotion outcomes. Your business's revenue is likely to rise as a result of increased traffic either online or in-store (or both).
- Increased Sales Despite- The fact that fewer products and services typically result in the greatest number of sales, increasing foot traffic to your store or website suggests that customers will be more likely to consider purchasing other products and services. The increased demand for one item may result in additional purchases while they are there.
- Enhances Brand Image- There are a number of scenarios in which a business might offer a discount in order to improve its image. A company's image may greatly benefit from targeted discounts, such as seasonal or location-specific discounts or discounts for a particular group of people. For instance, if a company gives discounts to people who are older, have served in the military, or have survived cancer, it shows that it cares about and can relate to certain groups (which gets more attention).
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Answer: B. Tabitha figures that the additional benefit of having her own booth ( as opposed to sharing) is at least $300.
Explanation:
When Tabitha moved booths, she began to pay $450 per month. The difference between this cost and the cost she was previously paying is:
= 450 - 150
= $300
If Tabitha is paying $300 extra, it must mean that the benefit she is getting from being in her own booth is at least $300 because that would be the only way she would not be making a loss. Were the benefits anything less than $300, she would be making a loss and it would not make any sense for her to continue renting the booth.
Answer:
Payback period = 3.5 years
Explanation:
Net income $50,000.00
Add: Depreciation expense<u> $42,000.00</u>
Net annual cash inflow <u> $92,000.00</u>
Payback period = Initial investment / Annual cash inflows
= $324,000 / $92,000
= 3.5 years