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Ostrovityanka [42]
3 years ago
10

URGENT!!!

Business
1 answer:
Gwar [14]3 years ago
3 0

so,nominally,................... (copied by :- @-Venkatesh Rao cheap tricks-)

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The following information is taken from Reagan Company's December 31 balance sheet:
zimovet [89]

Answer:

Firm’s sales uncollected for year is 42 days.

Explanation:

Account receivable turnover ratio = $621,000 / $70,422

Account receivable turnover ratio = 8.69

Thus, accounts receivable turnover ratio is 8.69

Average collection period = 365 / Account receivable turnover ratio

Average collection period = 365 days / 8.69

Average collection period = 42.00

Thus, firm’s sales uncollected for year is 42 days.

8 0
3 years ago
Which of the following examples is NOT a trust indorsement?
konstantin123 [22]

Answer:

a. Rao indorses his payroll check in blank.

Explanation:

There are many types of indorsements, and out of them one is "Trust Indorsement"

Trust Indorsement is an indorsement to a person who can use the funds for the benefit of the indorser.

Example:

Brian indorses a check to his employee Denny  "Payable to Denny, as agent for Brian", This is an example of trust indorsment.

Option b and c are clearly examples of trust indorsements in which you can notice that Rao has indorsed his lawyer and accountant "as agent for Rao".

Whereas, option a is NOT a trust indorsment but rather a "Blank Indorsement"

Blank Indorsment is an indorsement that doesn't have any particular indorsee and only has a signature on it.

7 0
3 years ago
What is the basic strategy or strategies a marketing manager can choose in determining​ price?
cupoosta [38]
I think it would be better if you provided some options to choose. But I think, I know the answer. I think it's one of practice innovative strategies.
4 0
3 years ago
The town of matildaville is attempting to reduce the amount of litter on the side of the roads. which proposed program would be
inysia [295]
The proposed program would be a negative incentive is $200 fine for each piece of litter. When a town is attempting to reduce the amount of litter on the side road they need to think of the solution or a program that would be a negative incentive is $200 fine for each piece of litter.
8 0
3 years ago
Read 2 more answers
The accounting hired by Forever Fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and
yan [13]

Answer:

Option D. Shut down because staying open would be more expensive.

Explanation:

The reason is that the total variable cost is lower than the total revenue which means the company can not reduce its variable cost so it is meaningless to produce the product. So the best option left is not to generate loss by simply shutting down the business.

5 0
3 years ago
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