1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AnnyKZ [126]
3 years ago
5

Axle Co.'s accounts receivable turnover was 9.9 for this year and 11.0 for last year. Betterman's turnover was 9.3 for this year

and 9.3 for last year. These results imply that: Multiple Choice Betterman has the better turnover for both years. Axle has the better turnover for both years. Betterman's turnover is improving. Axle's credit policies are too loose. Betterman is collecting its receivables more quickly than Axle in both years.
Business
2 answers:
Zina [86]3 years ago
7 0

Answer: Axle has the better turnover for both years.

Explanation:

Accounts Receivable Turnover ratio is used to measure the amount of times in a year that a company is able to collect payment from it's Receivables.

A higher Accounts Receivable Turnover ratio indicates that the company is doing well in collecting their Receivables and as such are not trying down working capital because it is not be reinvested to put back into the business.

Axle had a Turnover ratio of 11 last year and a Turnover of 9.9 this year which is better than Betterman in both years. This means that Axle had the best Turnover for both years.

dybincka [34]3 years ago
5 0

Answer:

Axle has the better turnover for both years.

Explanation:

Accounts receivable turnover measure the average times the company received their receivable, It measure the efficiency of the company regarding collection from customers. Turnover will be higher if company has low ratio of receivables to sales value.

                     Current year       Last year

Axle                     9.9                     11.0        

Betterman           9.3                     9.3

Axle is disproving the receivable turnover ratio and have a better turnover that Betterman.

You might be interested in
Technological improvements have made it possible to do a restaurant’s food cost percentage in about _____________ of the time it
EleoNora [17]

Answer: One-third

Explanation:

The impact of technology in our everyday life cannot be understated. Technology has made life easier by simplifying our work lives and personal lives. In the restaurant industry, technological terms such as artificial intelligence, mobile apps, smart devices etc are now common in the industry.

Technology helps in making work easier. This can be noticeable in knowing the food cost percentage of a restaurant. Through technology, the food cost percentage of a restaurant can now be known in one third of the time used before technology came into place.

3 0
2 years ago
Read 2 more answers
Symbic Foods, a chain of fast food restaurants, has included a drop-down menu on its main Web site. With this drop-down menu, pe
zvonat [6]

Answer:

localization of a Web site.

Explanation:

When a web site of a company is localised, it provides information. To users that is relevant to their locality. The access to local information about the business helps to drive sales at local stores of the business

In this instance localisation of the website is done by including a drop-down menu on its main Web site. With this drop-down menu, people can view their country-specific Web site, which contains information about the dishes that Symbic Foods serves in that country.

5 0
3 years ago
If the U.S. dollar appreciates, an MNC's: a. exports denominated in foreign currencies will probably increase. b. U.S. sales wil
Hoochie [10]

Most likely when the U.S. dollar appreciates, the MNC's interest owed on foreign funds borrowed will probably increase.

MNC refers to Multinational corporation .

  • The Multinational corporation are known to borrow from foreign bodies in dollars.

  • Hence, when the dollar appreciates, the amount owed to the foreign bodies will increase consequently.

Therefore, the Option C is correct because the MNC's interest owed on foreign funds borrowed will probably increase when U.S. Dollars appreciates.

Read more about this here

<em>brainly.com/question/14124450</em>

4 0
2 years ago
Purchasing marketable securities with cash will have no effect on a company's acid-test ratio.
slava [35]

Answer:

given statement is true

Explanation:

given statement of purchase marketable security with the cash have not effect on the organization acid test ratio is true because

the cash and marketable security both will be considered for the calculation of acid test ratio and there is not effect

because change by the cash to the marketable securities

so as that given statement is true

3 0
3 years ago
Think about your own experiences with people from other ethnic groups and with attitudes expressed about relations with other co
nekit [7.7K]

Answer:

An example of when I imposed my own views and feelings about life based of the experience of others is when a friend from mexico told me there experience migrating to the US. What they experience and the struggles they faced made me feel more appreciative of things.

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • When using the wet method, holding the spray nozzle too close to the brake surface may cause asbestos fibers to
    14·1 answer
  • Vital Industries manufactured​ 2,400 units of its product Huge in the month of April. It incurred a total cost of​ $132,000 duri
    10·2 answers
  • If the cpi was 95 in 1955 and is 475 today, then $100 today purchases the same amount of goods and services as
    14·1 answer
  • Question Workspace Exhibit 3-5 Supply for Tucker's Cola Data Quantity supplied per week (millions of gallons) Price per gallon 6
    5·1 answer
  • The model of competitive markets relies on these three core assumptions: 1. There must be many buyers and sellers—a few players
    13·1 answer
  • _____ refer(s) to free advertising time an advertiser receives to compensate for spots the station missed or ran incorrectly or
    11·2 answers
  • The idea that unions benefit people in communities by holding employers accountable for the way they treat workers is an example
    13·1 answer
  • In the current year, Jill, age 35, received a job offer with two alternative compensation packages to choose from. The first pac
    14·1 answer
  • Complete this analogy: The computer is to hardware as a productivity program is to _____.
    5·1 answer
  • Last year Dania Corporation's sales were $525 million. If sales grow at 10.5% per year, how large (in millions) will they be 8 y
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!