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user100 [1]
3 years ago
5

Why is it illegal to alter the odometer on a vehicle

Business
1 answer:
Lana71 [14]3 years ago
4 0

Odometer reading is a vital tool in car assessment, it represents safety, real age of the vehicle, and many other general factors. The act of altering the number constitutes forgery and fraud, due to it's apparent nature. For example, if it would be legal to alter the odometer reading, then many people could buy brand new cars at their local dealerships, with reality being that those are used cars with thousands of miles on them, and used car owners will be more prone to be in car collisions, without having a clue of the real state of their car.



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. Determine the receivables turnover ratio and average days sales in receivables for the current year. (Use 365 days a year. Do
Dmitriy789 [7]

Answer:

The question is incomplete, find complete question in the attached.

The receivables turnover for the current year is 9.02 times while average days sales in receivable is  41 days

Explanation:

The formula for computing receivables turnover ratio is given as:

Net credit sales/average accounts receivable,where average receivables is the opening plus closing receivables divided by two.

Net credit sales=$35,657

Average receivables =($3495+$4415)/2=$3955

Receivable turnover ratio=$35657/$3955

                                          =9.02

Average days sales in receivable=number of days in the year/receivable turnover ratio

Average days sales in receivable=365/9.02

                                                          =40.47 days approx 41 days

The average days sales in receivable implies the average number of days it takes receivables to settle their accounts

Download xlsx
7 0
3 years ago
Diamond Company is considering investing in new equipment that will cost $1,400,000 with a 10-year useful life. The new equipmen
ivolga24 [154]

Answer:

the cash payback period is 6.09 years

Explanation:

The computation of the cash payback period is shown below:

= Initial Investment  ÷ Net annual cash inflow

= $1,400,000 ÷ $230,000

= 6.09

Now the net annual cash flow is  

. Net operating income $90,000.00

Add: Depreciation   $140,000.00

Net annual cash inflow   $230,000.00

Hence, the cash payback period is 6.09 years

6 0
2 years ago
2. A company's board of directors votes to declare a cash dividend of $.80 per share of common stock. The company has 16,000 sha
jeyben [28]
Answer for the first one is $12,800
6 0
3 years ago
According to the article, what should you do if you suspect your boss of unethical business practices?
Aleksandr-060686 [28]

Answer:

Report it to the right person

Explanation:

According to the article titled "What to do when you spot your employer doing something illegal" written by Catherine Conlan.

It says the best thing to do is to report it to the right person.

This is evident when it is stated in the article that "If you reasonably believe your employer is doing something illegal or unethical, you should first bring it to your supervisor’s attention... If it’s your supervisor you suspect, exhaust the chain of command within the company.

Hopefully, the company will investigate the matter. If no one within the chain of command responds, then there is generally a government agency with whom one can file a complaint,"

8 0
3 years ago
Company Dept. A Dept. B
Ronch [10]

The pre-determined overhead rate per direct labor dollar for Dept. B is 1.35.

<h3>What is manufacturing overhead?</h3>

Manufacturing overhead costs are the cost associated with running a manufacturing facility.

Examples of factory overhead include

  • indirect labor costs
  • factory rent
  • depreciation of plants and machinery
  • Sales and administrative cost

<h3>What is direct labour cost?</h3>

The direct labour cost is the cost directly involved in the production of goods and services.

<h3>What is  the pre-determined overhead rate per direct labor dollar for Dept. B?</h3>

The pre-determined overhead rate per direct labor dollar for Dept. B = Estimated manufacturing overhead / Estimated direct labor cost

= $162,000 / $120,000 = 1.35

To learn more about overhead costs, please check: brainly.com/question/8054214

7 0
2 years ago
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