Answer:
Expected cash balance = $48000
Explanation:
Given
Cash receipts = 171000
Cash disbursements = 158000
Starting period = 35000
Minimum desired cash balance = 10000
From the above,
Cash available = Cash receipts + starting period
= 171000 + 35000
= 206000
Therefore,
Cash balance at the month end
= Cash available - Cash disbursements (payments)
= 206000 - 158000
= $48000
Answer:
The correct answer is 44.73 days or 45 days.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the day's sales uncollected by using following formula:
Day's sales uncollected = No. of days in year ÷ Debtor turnover ratio
Where, Debtor turnover ratio = Sales ÷ Accounts receivable
= $607,500 ÷ $74,422
= 8.16
So, by putting the value, we get
Day's sales uncollected = 365 days ÷ 8.16
= 44.73 days or 45 days.
Answer:
Nancy needs to have a bachelor’s degree or master’s degree in<u><em> business administration</em></u> and good <u><em>communication</em></u> skills.
Explanation:
The major roles that a business development manager has to perform are:
- maintain good contacts with the clients and provide information to the new clients.
<em>To get a job as a business development manager, a person should have a degree in business management, administration or another degree pf equivalent value.</em>
<u><em>A person aspiring for this shall have a vast knowledge about business and also should have good communication skills.</em></u>
<u />
The answer to this question is <span>acceptability
The </span><span>acceptability characteristic refers to whether the currency is accepted as a medium of exchange for the transaction in the market.
Currency that has high rate of acceptability tend to be less volatile in the foreign exchange market and attract more investment.</span>
Answer:
The answer is: $14.76
Explanation:
To calculate the factory overhead rate per direct labor hour we must divide the total factory overhead cost over the total amount of direct labor hours.
Factory overhead rate = $15,5000,000 / 1,050,000 direct labor hours
Factory overhead rate = $14.76 per direct labor hour