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Liula [17]
3 years ago
6

Suppose the college administrators estimate that the beautification initiative will cost $2,040. To decide whether the initiativ

e should be undertaken, administrators conduct a survey of the college's 420 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $12. The benefit of the beatification initiative, as suggested by the survey, is ____
Business
1 answer:
tekilochka [14]3 years ago
8 0

Answer:

420 x 12 = 5,040

Explanation:

Because the estimated benefit is greater than the cost, the college administrators should undertake the beautification initiative.

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The following balance sheet information was provided by Western Company: Assets Year 2 Year 1 Cash $ 4,000 $ 2,000 Accounts rece
ICE Princess25 [194]

Answer:

The company's average days to collect receivables is 18.25 days.

Explanation:

For computing the company's average days to collect receivables, first we have to calculate the account receivable turnover ratio. The formula is shown below

Account Receivable Turnover ratio = Net credit Sales ÷ Average accounts receivable

where,

Net credit sales is given

And, the average accounts receivable = (Year 1 + Year 2) ÷ 2

                                                                = ($15,000 + $12,000) ÷ 2

                                                                = $13,500

So, Account Receivable Turnover ratio = $270,000 ÷ $13,500 = 20

Now, average days to collect receivables = Number of days in a year ÷ Account Receivable Turnover ratio

= 365 ÷ 20

=  18.25 days

Hence, the company's average days to collect receivables is 18.25 days.

7 0
3 years ago
Which of the following is a characteristic of a public good?
Rudiy27
The answer is B trust me
5 0
2 years ago
In one state, a mortgagee holds legal title to real property offered as collateral for a loan, and the mortgagor retains the rig
True [87]

Answer:

Lein Theory.

Explanation:

Lien theory refers to the theory in which the buyer stops the property deed at the time of the mortgage. Also the buyer promised to pay all the payments so that the mortgage could become a lien on a property but at the same time the  title would remain with the buyer but if all the payments are paid so the lien could be removed

Therefore in the given situation, it represents the lien theory

7 0
3 years ago
HEEELP!!!!
Zepler [3.9K]

use a calculator sorry

5 0
2 years ago
Which of the following is not a factor of production?
Nataliya [291]
C. Goods and services
4 0
3 years ago
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