Procter & Gamble is a multinational corporation that manufactures and markets many household products is our goal is to use every opportunity we have no matter how small to set change in motion. To be a force for good and a force for growth. Compute Procter & Gamble's receivable turnover ratio and its inventory turnover ratio.
Ans.1a Account receivables turnover ratio = Net credit sales / Average trade receivables
74756 / 6447
11.60 times
*Net credit sales = Total sales * 90%
83062 * 90%
74756
*Average receivables = (Beginning receivables + Ending receivables / 2
(6508 + 6386) / 2
6447
Ans.1b Inventory turnover ratio = Cost of goods sold / Average inventory
42362 / 6834
6.20 times
Cost of goods sold = Total sales - Gross profit
83062 - (83062 * 49%)
42362
*Average inventory = (Beginning inventory + Ending inventory) / 2
(6909 + 6759) / 2
6834
Ans.2a Days' sales in accounts receivables = No. of days in year / Receivables turnover ratio
365 / 11.60
31.47 days
Ans.2b Days' sales in inventory = No. of days in year / Inventory turnover ratio
365 / 6.20
58.87 days
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You don’t ask to be born but are expected to do everything asked of you
Answer:
barter
Explanation:
Barter system -
In this type of system , there us exchange of goods and commodities , without the use of any monetary value like money , is referred to as barter system .
When money system was not introduced , barter system was used , where people used to exchange the goods depending on the needs of each other .
Barter system is based on the bilateral basis.
Hence , from the given scenario of the question,
The correct term is barter.
Answer:
The correct answer is the interviewee. You can use the term candidate as well.
Explanation:
The purpose of conducting an interview is to identify a potential candidate for the job. During the process, many aspects of an individual's personality and technical proficiency is evaluated.
Answer: A
Explanation: All the other ones are not required for a strenuous job such as distribution.
