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3 years ago

Why it is important for alsa management to understand the importance of social media for their work

Business

1 answer:

faltersainse [42]3 years ago

8 0

Answer:

It is important for the ALSA management team to understand the importance of social media in their work because they had their most successful fundraiser thanks to social media. ... The ALSA management team also understood that the impact of repeating the event next year would not be the same.

Explanation:

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Victoria Enterprises has $1.6 million of accounts receivable. The company's DSO is 40, its current assets are $2.5 million, and

astraxan [27]

Answer:

1.26

Explanation:

Current ratio=1.5

DSO=40

DSO=Net sales/Average Accounts receivable

40=(Average Accounts receivable/Net sales)*365

1,600,000/(40/365)=Net sales

Net sales=$14,600,000

Revised DSO=30

(30/365)=Average Accounts Receivable-revised/$14,600,000

Average Accounts Receivable-revised=$1,200,000

Current Assets-Old Receivables+New Receivables= $2,500,000-1,600,000+1,200,000=$2,100,000

Current liabilities=2,500,000/1.5

Current liabilities=$1,666,667

Revised current ratio=$2,100,000/1,666,667

Revised Current ratio=1.26

8 0

4 years ago

Jocelyn contributes land with a basis of $60,000 and fair market value of $90,000 and inventory with a basis of $5,000 and fair

Natali5045456 [20]

Answer: $50,000

Explanation:

Based on the scenario in the question, Jocelyn's basis in the property contributed will be:

Land = $60,000

Inventory = $5,000

Total = $65,000

We are told that the exchange is tax-free, hence, Jocelyn has income of $0.

Therefore, Jocelyn’s basis in Zion’s Corporation stock will be her original basis in property contributed which is $65,000 plus the gain of $0 and then we deduct the liability that was assumed by the corporation which $15,000. This will now be:

= $65,000 + 0 - $15,000

=$50,000

3 0

3 years ago

Spade Agency separates its accounts receivable into three age groups for purposes of estimating the percentage of uncollectible

tankabanditka [31]

Answer:

a. total estimated uncollectible accounts is $21,190

b. to entry the adjustment, we have to debit bad debt expense and credit allowance for doubtful accounts in the amount of $14,690

Explanation:

a. to compute the estimated uncollectible accounts, we have to multiply the specific % to the accounts receivable plus the beginning balance;

•Accounts not due

$36,000 x 4% = $1,440

•Accounts 1 - 60 days past due

$21,000 x 25% = $5,250

•Accounts more than 60 days past due

$16,000 x 50% = $8,000

So the total uncollectible accounts would be; $6,500 + $1,440 + $5,250 + $8,000 = $21,190

b. to record the year-end adjustment of the uncollectible accounts, we have to debit bad debt expense and credit allowance for doubtful accounts in the amount of $14,690. This figure is the uncollectible amount we computed earlier based on the aging.

6 0

3 years ago

3 Select the correct answer. Tracy applied for a home loan from her bank. The bank is willing to give her the loan but at a very

denis23 [38]

Answer:

C. bad payment history

Explanation:

Creditworthiness is the term banks, and other lenders use to determine the risk associated with each customer. Credit score ratings place customers into different risk categories. A low credit score signifies a high-risk customer or low creditworthiness. Banks will extend credit facilities to a high-risk customer at a high-interest rate.

A customer with a poor loan repayment history has a low credit score. Tracy is being offered the loan at a high-interest rate due to her low creditworthiness. Her case would be different if she had a better credit score associated with a good loan repayment history.

8 0

4 years ago

After saving money in her piggy bank for three years, Beverly decided to deposit $5,000 of the money in the Millertown Bank. If

Nitella [24]

$20,000 is correct

When they ask for the amount the bank can "create" they are really asking for the change in the money supply. They are required to reserve 20%, so they can loan out 80%

80% * $5,000= $4,000

Now, the bank can use this $4,000 by loaning it out to other customers and earning interest on those loans. The customers can use the money for investments or spending. So the first little deposit of $5,000 has now spread to a lot more people and created a lot more opportunity for growth. This is known as the multiplier effect. To put the multiplier effect in dollar amounts, we need to know how much we are multiplying by. This is called the deposit multiplyer and the formula is 1/(required reserve ratio). The reserve ratio here is 20% or .2

1/(.2)= 5

Our deposit multiplier which will calculate the multiplier effect on the money supply (aka the amount the bank can "create") is 5

5* $4,000= $20,000

7 0

3 years ago