Answer:
43 days
Explanation:
The first step is to calculate the account receivable turnover
= $595,000/($80,000+$60,000)/2
= 595,000/140,000/2
= 595,000/70,000
= 8.5
Therefore the average collection period can be calculated as follows
= 365 /8.5
= 42.9
= 43 days
Answer:
The correct answer is option a.
Explanation:
The willingness to pay for a product can be defined as the maximum amount an individual is willing to procure or obtain a product. The price of a product lies between a consumer's willingness to pay and a seller's willingness to accept.
The willingness to accept is the minimum amount a seller is willing to accept to let go of a product. Willingness to pay indicates how valuable good is for the buyer.
Answer:
The correct answer is letter "A": True.
Explanation:
The dissolution is the first of two steps in the termination of a partnership. It is followed by the "wind up" process where the firm ends to do business. The longer two or more companies hold a partnership, the worse the damages after the dissolution since at latter stages the firms tend to be more engaged in benefits and responsibilities.
