Answer:
The average collection period for accounts receivable in 9. 1 or 9 days
Explanation:
The average collection period for accounts receivable in days is computed as using the formula:
Average collection period for accounts receivable = 365 / Accounts Receivable Turnover Ratio
Computing Accounts Receivable Turnover Ratio as:
Accounts Receivable Turnover Ratio = Net Sales / Average Net Accounts Receivable
where
Net sales is $500,000
Average Net Accounts Receivable is as:
Average Net Accounts Receivable = Beginning Accounts Receivable + Ending Accounts Receivable / 2
= $10,000 + $15,000 / 2
= $25,000 / 2
= $12,500
Putting the values above:
= 500,000/12,500
Accounts Receivable Turnover Ratio = 40
Now, putting the values above in the formula of Average collection period of Accounts Receivable:
= 365 / 40
Average collection period of Accounts Receivable = 9.1 days or 9 days
Answer:
Its operating expenses were $ 3.588 B
Explanation:
The operating ratio is the ratio of operating expense to the operating or revenue generated.
This ratio is used for comparison of results from the operations of various industries.
Given that the operating ratio of 78% and the operating revenue is $4.6B, the operating expense T may be computed as
78% = T/4.6 * 100%
T = 4.6 *.78
= $3.588 B
The question is incomplete. The complete question is :
You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.
Regular withdrawal $ 2200
Interest rate 2%
Frequency Monthly
Time 20 years
Solution :
Given :
Monthly withdrawal = $ 2200
Interest rate = 2%
Frequency = monthly
Time = 20 years
= 20 x 12 = 240 months
Formula used :
![$w=\frac{[PZ^{r-1}(Z-1)]}{[Z^Y-1]}$](https://tex.z-dn.net/?f=%24w%3D%5Cfrac%7B%5BPZ%5E%7Br-1%7D%28Z-1%29%5D%7D%7B%5BZ%5EY-1%5D%7D%24)
with Z = 1 + r
where, w = monthly withdrawal
P = principal amount
r = monthly interest rate
Y = Number of months
So, w = 2200
r = 2% = 0.02
Z = 1 + r
= 1 + 0.02 = 1.02
Y = 240
Therefore,
= 111,231829
≈ 111,232 (rounding off)
Thus, the account balance = $ 111,232
The most probable answer here should be the teams playing. Each of the fans will have to support their favorite team, making the stadium be in more demanding situation if the fans' favorite teams are on play. The number of seats will most likely sell out during this period.
Answer:
D. are used up in production
Explanation:
Raw materials can be seen as the "ingredients" required to produce a good and, thus, are consumable (used up in production). Physical capital refers to lasting goods that are assist the production process like buildings or machinery and are not consumable.
