Answer:
The answer is B.
Explanation:
Accounts receivable turnover is the number of times per period(quarterly, semiannuallly or yearly) that a business
or firm collectss its average accounts receivable. The ratio is used to evaluate the firm's ability to efficiently sell on credit and collect money from its customers in a timely manner.
A lower number of turnover depicts higher efficiency.
Therefore, the correct answer is B. It measures how frequent, on average, receivables are received and collected during the period
Answer:
$29,400
Explanation:
The company will distribute dividends only to outstanding shares, since the number of outstanding shares is not specified, we should assume that all the 49,000 shares issued are outstanding shares. The company declared a 2% dividend, so we must multiply the current value of the stock times 2% = $30 x 2% = $0.60 per share.
The total amount distributed was 49,000 outstanding shares x $0.60 per share = $29,400
Answer:
Net operating income= 31,300
Explanation:
Giving the following information:
Static Budget:
Units= 9,000
Selling price per unit= $5
Variable Costs per unit= $1.50
Fixed Costs= 3,000
We need to determine the operating income if 9,800 units were sold:
Sales= (9,800*5)= 49,000
Total variable costs= (9,800*1.5)= (14,700)
Contribution margin= 34,300
Fixed costs= (3,000)
Net operating income= 31,300
Answer:
price of goods is 0.9 times of the price of services
Explanation:
Data
Goods sell = 80%
Services sell = 72%
Equilibrium prices = ???
Solution
In order to find equilibrium prices we need to develop an equation for that
Let's denote
Goods = x
Services = y
Goods sold = 80% of x = 0.8x
Services sold = 72% o y = 0.72y
Equation: 0.8x = 0.72y
Let's solve the equation furthermore
x = 
y
x = 0.9y
Hence the price of goods is 0.9 times of the price of services
