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3 years ago

Which term describes the group of people elected to run a corporation?

1 answer:

3 0

Board of Directors - this is a group of people (not necessarily even employees of the company) who have been elected to an advisory position because of their individual expertise.

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What does consumer vigilance mean

Dafna11 [192]

I believe it means you have the right to be informed

7 0

3 years ago

Read 2 more answers

Real World Financials ABC Corporation reported the following information in its financial statements for three successive quarte

Debora [2.8K]

Answer:

(Q4) Receivables turnover ratio= 1.135

(Q1) Receivables turnover ratio= 1.153

Average collection period for Q1=31 7 days

Average collection period for Q4 = 317 days

Explanation:

The Receivables turnover ratio gives us the efficiency of collections and the Average collection period tells us the number of days in which the receivable is collected.

Three Months Ended (Q1) (Q4) (Q3)

9/30/2017 6/30/2017 3/31/2017

Balance sheets:

Accounts receivable, net $ 21,361 $ 19,880 $ 12,970

Income statements:

Sales revenue $ 24,620 $ 23,400 $ 22,260

Receivables turnover ratio= Net Sales / Average Accounts Receivable

Average Accounts Receivable= Net Receivables for one Quarter + Net Receivables for other Quarter/2

(Q3) Receivables turnover ratio= $ 22,260/ $ 12,970 + $ 19,880/2

(Q3) Receivables turnover ratio= $ 22,260/ 16425

(Q3) Receivables turnover ratio= 1.355

This indicates that average accounts receivable balance is converted into cash 1.355 times during the quarter.

(Q4) Receivables turnover ratio= $ 23,400 /$ 19,880 + $ 21,361 /2

(Q4) Receivables turnover ratio= $ 23,400 /20620.5

(Q4) Receivables turnover ratio= 1.135

This indicates that average accounts receivable balance is converted into cash 1. 135 times during the quarter.

(Q1) Receivables turnover ratio= $ 24,620/$ 21,361 ( assuming net is average)

(Q1) Receivables turnover ratio= 1.153

This indicates that net accounts receivable balance is converted into cash

1. 153 times during the quarter.

Average collection period for Q1 = 365/ Receivables turnover ratio

Average collection period for Q1= 365/1.153= 316.6= 317 days

Average collection period for Q1=31 7 days

Average collection period for Q4 = 365/Receivables turnover ratio

Average collection period for Q4 = 365/1.15= 317.4= 317 days

8 0

3 years ago

Rottino Company purchased a new machine on October 1, 2020, at a cost of $150,000. The company estimated that the machine will h

Amanda [17]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Purchasing cost= $150,000.

The company estimated that the machine will have a salvage value of $12,000. The machine is expected to be used for 10,000 working hours during its 5-year life.

1) Straight-line:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (150,000 - 12,000)/5= 27,600

2020:

Annual depreciation= (27,600/365)*92 days= $6,956.71

2) Units of activity:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(150,000 - 12,000)/10,000]*1.700= $23,460

3) Double-declining balance:

Annual depreciation= 2*[(book value)/estimated life (years)]

Annual depreciation= 2*27,600= 55,200

2020:

Annual depreciation= 55,200/365*92= 13,913.42

2021:

Annual depreciation= [138,000 - 13,913.42)/5]*2= 49,634.63

5 0

3 years ago

Mark agrees to buy dale's one-half-ton truck so that he can pull his trailer. both mark and dale believe that the truck is large

Pavel [41]

The contract between both of them is rescinded because of mutual mistake. It is because Mark and Dale, the parties of the contract, are both made a mistake about the estimation of the size of the truck. Although Dale and Mark have meeting of minds which is considered the contract to be valid but both they have made mistake, therefore, the contract is voidable.

7 0

3 years ago

Read 2 more answers

A resource-based strategy:

vazorg [7]

Answer:

b. uses a company's valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching.

Explanation:

Resources refers to competitive and valuable assets, organizational processes, capabilities, information, attributes, and knowledge that are acquired, owned and controlled by an organization. These resources are classified into two (2) main categories;

1. Tangible resources: these are physical assets such as equipments, financial assets, plants, raw materials, inventory etc that are owned and controlled by an organization.

2. Intangible resources: these are assets that are abstract in nature such as knowledge, customer loyalty, skills, experience, stakeholders, patent, culture, buyer recognition etc.

Hence, a resource-based strategy uses a company's valuable and rare resources and competitive capabilities to deliver value to customers that rivals have difficulty matching. This ultimately implies that, resource-based strategy avails a company the ability or opportunity to use their tangible and intangible assets to provide finished goods and services to meet the needs or wants of customers, as well as creating a competitive advantage over rivals in the same industry.

5 0

3 years ago