Answer:
The accounts receivable turnover is computed by dividing <u>net sales by average net receivables.</u>
Explanation:
The accounts receivable turnover is used to quantify a company's effectiveness in collecting its receivables from its clients.
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and a low receivables turnover ratio might be due to a company having a poor collection process.
Answer:
Objective Theory
Explanation:
The Objective theory states that the intent to form a contract will be judged by outward objective facts such as the words and actions of the party instead of the secret, subjective intentions. This theory replaced the Subjective theory in the late nineteenth century. The former theory was of the opinion that the meeting of minds, which translates to the unexpressed intentions of the party would form a basis for interpreting the intent to form a contract.
The objective theory is important as it advocates freedom to a fair hearing, freedom of contract, and personal independence or sovereignty.
B. 7.85% is the is its common-size percent for cash (14000÷178300)×100
Line items are shown as a percentage of a single chosen or common figure in a financial statement of common size. A balance sheet will contain different line items depending on the type of firm and the industry. Since all businesses in a given industry deal with the same kinds of transactions, the line items utilised for their balance sheets will typically be comparable.
It is simpler to study a company over time and evaluate it against its competitors when financial statements are created in a common size. One can identify trends that a raw financial statement might not reveal by using financial statements of a common size.
Learn more about common size percent here:
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Answer:
The correct answer is option A
a. cure the defect.
Explanation:
A problem that can be corrected based on the agreed terms and conditions by a seller or buyer is a curable defect.
Answer:
a. 30 units of corn and 30 units of wheat.
Explanation:
Freedonia:<u><em> (without trade)</em></u>
6 corn x 5 workred = 30 corn
2 wheat x 5 worked = 10
Fredonia <u><em>(with trade)</em></u> will focus on corn only:
6 corn x 10 workers = 60 corn
Then 30 are trade it out, leaving 30 corn
from trade it receives 30 units of wheat
total 30 units of both goods.
