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2 years ago

The relevant range of activity refers to the_______________.

Business

1 answer:

UNO [17]2 years ago

8 0

Answer:

The correct answer is option c.

Explanation:

The relevant range of activity can be defined as a specific level of activity, bounded by a maximum and minimum level. In this range, the customer based behavior remains valid. The revenue, costs, etc are at certain expected levels.

Outside of this range, revenue earned and costs incurred will differ from the expected amount. A company is expected to operate in this range.

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3 years ago

8. Kelly wants to view employees' bonuses as a percentage of their base salary. In cell G7, enter a formula without using a func

dlinn [17]

Answer:

=E7/B7*100

Explanation:

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2 years ago

Eddie, an accountant for fresh dairy, inc., learns of undisclosed company plans to market a new smooth-tasting, fat-free butter.

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2 years ago

Below are amounts (in millions) from three companies' annual reports. Beginning Accounts Receivable Ending Accounts Receivable N

mylen [45]

Answer:

1. Accounts Receivable Turnover

Walco 144.59 Times

Tarmart 8.9 Times

Costget 109.33 Times

Average collection period

Walco 2.52 Days

Tarmart 41.01 Days

Costget 3.34 Days

2. Walco

Explanation:

1. Calculation to determine the receivables turnover ratio and the average collection period for WalCo, TarMart and CostGet

ACCOUNTS RECEIVABLE TURNOVER

Using this formula

Accounts Receivable Turnover=Net Sales/Average Accounts receivable

Walco=$ 303,427/($ 1,625+2,572)/2

Walco=$ 303,427/$2,098.5

Walco =144.59 Times

Tarmart= 48,878/(5,216 + 5744)/2

Tarmart= 48,878/5480

Tarmart= 8.9 Times

Costget= 49,963/(439 + 475)/2

Costget= 49,963/457

Costget= 109.33 Times

Therefore the receivables turnover ratio is :

Walco 144.59 Times

Tarmart 8.9 Times

Costget 109.33 Times

AVERAGE COLLECTION PERIOD

Using this formula

Average collection period=Average Collection Period

365 /Receivables turnover ratio

Let plug in the formula

Walco= 365.00/144.59 Walco=2.52 Days

Tarmart= 365.00/8.9

Tarmart= 41.01 Days

Costget= 365.00/109.33

Costget=3.34 Days

2. Based on the above calculation the company that appears MOST EFFICIENT in collecting cash from sales is WALCO 144.59 Times.

7 0

2 years ago