Answer:
25 Days
Explanation:
Average Account receivables:
= (Accounts receivables, beginning of year + Account receivables, end of year) ÷ 2
= (45,000 + 35,000) ÷ 2
= 40,000
Account Receivables Turnover = Net Sales on Account ÷ Average Account Receivables
Account Receivables Turnover = 584,000 ÷ 40,000
= 14.6 times
No. of Days Sales in Accounts Receivables:
= No. of Days in a year ÷ Account Receivables Turnover
= 365 ÷ 14.6
= 25 Days
Answer:
see below
Explanation:
1. Private Limited Company
A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company. Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.
2. Public Limited Company
A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).
Assume that labor is a variable input. The average wage of workers increases in a purely competitive industry. This change will result in an increase in marginal cost for firms in the industry and a decrease in the industry supply curve.
Businesses may decide to request a wide variety of inputs. The most prevalent two are labor and capital in perfect competitive industry.
Marginal labor output in terms of revenue. The firm decides how much labor to demand by examining the marginal revenue product of labor after it is aware of the level of demand for its production. The additional revenue the business makes by hiring one more unit of labor is known as the marginal revenue product of labor (or any input). The marginal product of labor has an association with the marginal revenue product of work. The value of the marginal product of labor in a market with perfect competition is the firm's marginal revenue product of labor.
To learn more about perfectly competitive market click here:
brainly.com/question/28081306
#SPJ4
Answer:
Price
Quality
Explanation:
There are many things to be considered when choosing a supplier, however, price (covering price, Total Cost of Opportunity ) and Quality ( covering product and service quality and quality history) should be prioritized.
