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3 years ago

Compute the receivables turnover ratio using the following information:

Business

1 answer:

REY [17]3 years ago

8 0

Answer:

Receivables Turnover Ratio is 4

Explanation:

Computation of Average Receivables

Opening Receivables $ 40,000

Ending receivables $ 60,000

$ 100,000

Average receivables $ 50,000

Net Credit Sales $ 200,000

The Receivables Turnover ratio is calculated by dividing the Net Credit Sales by the Average Receivables.

Receivables Turnover Ratio = Net Credit Sales / Average Receivables

$ 200,000/ $ 50,000 = 4

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GPB's contribution margin ratio is 85% ( or .85) and its fixed monthly expenses are $63,000. Assume that the cost structure of G

KIM [24]

Answer:

Net income= $24,550

Explanation:

The contribution margin ratio is the result of deducting from sales all the variable costs, expressed as a percentage.

First, we need to calculate the total contribution margin:

Total contribution margin= sales*contribution margin ratio

Total contribution margin= 103,000*0.85

Total contribution margin= $87,550

Now, the net income:

Net income= 87,550 - 63,000

Net income= $24,550

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3 years ago

You are a senior manager at a large consumer goods company. The company president has noticed that recent college graduates and

Lostsunrise [7]

Answer:

The president realizes that you are acting as a mentor to junior employees.

Explanation:

Mentors are very experienced people that provide advice to less experienced peers to help them reach their full potential, make wise decisions and advance in their careers. They become role models to others as they have experienced success in their fields.

A good mentor is characterized by their leadership, knowledge and willingness to help others in their professional development. They are able to effectively transmit their expertise and provide feedback to others on how they can improve.

8 0

3 years ago

Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting s

ivanzaharov [21]

Answer:

Option C Incorrect; adjusting for price changes, his salary is less than his dad's salary

Explanation:

Adjustment to price changes = (Amount received n years ago divided by Price Index n years ago) * Price Index today

Adjustment To price changes = ($28,000 / 110.8) * 180.5 = $45613.7

The amount $28,000 is worth $45,613.7 in todays value which means that if we adjust for price changes, Dave is incorrect because his salary is worth less by an amount $613.7 from his father's salary.

6 0

3 years ago

Read 2 more answers

Unhappy customers equal Less Profit More Profit

zhenek [66]

It equals less profit

3 0

3 years ago

A company has three product lines, one of which reflects the following results: Sales $ 215,000 Variable expenses 125,000 Contri

oksano4ka [1.4K]

Answer: option C

Explanation: THIS CAN BE REPRESENTED AS FOLLOWS :-

If we eliminate the product there would be no sales, no variable expenses and therefore, no contribution.

sales = nil

-variable expenses= nil

contribution = nil

- fixed expenses = 56,000

NET LOSS = (56000)

NOTE :-

Fixed expense = (140,000)*(40%)= 56,000

Thus increase in loss would be 56000- 50,000=6000

6 0

3 years ago