Answer:
a) true
Explanation:
2/10 net 30 means that if the costumer pays within 10 days, he will be offered 2% discount, otherwise the amount is due in 30 days in full.
DSO means average number of days the company takes to receive payment from customers of credit sales.
Since the DSO of a firm given is 28 days, which is lower than the 30 days credit period normally offered by the company, therefore it may indicate that the firm's credit department is operating effectively.
Hence, answer is a) true
Answer:
F. C and D only
Explanation:
Financial Literacy
This is when an individual or person possesses the skills, techniques and knowledge that allows him/her (the individual or person) to make informed and efficient decisions with all of their financial resources. It is the ability to understand how money works. This includes, how individuals make money, manage it and invest it properly. Financial skills possessed by a financial literate includes budgeting, personal financial management, investment, expenditure and so on.
Understanding assumptions and estimates of plant managers and creating a firm financial statement are NOT part of the indicators for financial literacy.
Answer:
$3,570
Explanation:
We can calculate this by first totaling the different gains and then adding them together. The first type of gain would be from the dividend payments, which since they total $0.55 per share we simply multiply this value by the total number of shares.
$0.55 * 1,400 = $770
The next gain that was obtained was from selling at a higher price than at what the shares were purchased. You sold at a $2 per share profit ($21 - $19)...
$2.00 * 1,400 = $2,800
Now that we have both types of gains we simply add them together to find the total dollar value return
$770 + $2,800 = $3,570
Answer:
The answer to this question is B.a restriction in the availability of credit.
Explanation:
Credit restriction occurs when at the prevailing market interest rate, demand exceeds supply, but lenders are not willing to either loan more funds, or raise the interest rate charged, as they are already maximizing profits.
Hence the answer to this question is B.a restriction in the availability of credit.
Answer:
Paired comparison.
Explanation:
Paired Comparison Analysis is an activity for evaluating a small range of options by comparing them against each other. It is useful and easy technique for rating and ranking alternatives where the evaluation criteria are subjective and difficult to measure.
