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zepelin [54]
3 years ago
13

The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 8,919 Accounts r

eceivable 72,922 Merchandise inventories 62,862 Prepaid expenses 4,600 Accounts payable $ 15,450 Notes payable 89,138 Other current liabilities 10,000 If net credit sales for the current year were $609,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)
Business
1 answer:
Dafna11 [192]3 years ago
5 0

Answer:

44 days.

Explanation:

Days' sales uncollected = (Accounts receivable / Net credit sales) * 365 = ($72,922 / $609,000) * 365 = 44 days

This implies that that it takes Reagan Company 44 days before it collects its accounts receivable within the year.

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If you purchase health insurance from a federal- or state-facilitated health insurance marketplace, then you are eligible for a
Sliva [168]

Answer:

credit.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

A tax incentive can be defined as benefits such as deductions, exclusions or exemptions given by the government to individuals or businesses so as to motivate them to save or spend money by reducing their tax rates i.e the amount of money to be paid as tax.

In the United States of America, if an individual or a patient purchase health insurance from a federal- or state-facilitated (sponsored) health insurance marketplace, then he or she is eligible for a premium tax credit payable by the internal revenue service (IRS).

This ultimately implies that, a premium tax credit is a refundable tax credit and it reduces the amount of money an individual or household would pay for his or her monthly health insurance payments when purchased through the health insurance marketplace.

An example is the Affordable Care Act (ACA) which was formally known as the Patient Protection and Affordable Care Act (Obamacare). It is a federal statute of the United States of America which was enacted by the 111th US Congress and signed into law by President Barack Obama. The Affordable Care Act (ACA) became effective on the 23rd of March, 2010 and it focused on making affordable health insurance available to qualified people or households through cost-sharing reductions and premium tax credits (subsidies).

6 0
3 years ago
A quality characteristic has a specification (in cm) of 0.40 ± 0.03. If the value of the quality characteristic exceeds 0.40 by
DanielleElmas [232]

Answer:

option (C) L(x) = 200,000(x - 0.40)²  

Explanation:

Given:

quality characteristic = 0.40

Tolerance = 0.03

Repair cost = $180

Now,

Taguchi loss function is given as:

Loss (in $) = Constant × ( Quality characteristic - Target value )²

For quality characteristic of 'x' target value 't'

and constant A

L(x) = A × ( x - t)²

substituting the given values, we get

$180 = A × (0.03)²                 [x - t = tolerance]

or

$180 = A × 0.0009

or

A = 200,000

Hence,

Taguchi loss function

L(x) = 200,000(x - 0.40)²  

Hence,

the correct answer is option (C) L(x) = 200,000(x - 0.40)²  

4 0
3 years ago
The estimated variance for an activity with a most likely time (m) equal to 11 days, the optimistic time (a) equal to 6 days , a
Karo-lina-s [1.5K]
<span>4 days. This has to do with business management and the idea that different types of time based on the mindset varies between how much work and activity will actually be done.</span>
3 0
4 years ago
Read 2 more answers
Following are selected transactions for Ridge Company.
Vanyuwa [196]

Answer:

1) <u>Calculating the interest amount at September 17, (using 360 days a year)</u>

                           Total Through Maturity

Principal              $9,500

Rate                    8%

Time                   180/360

Total Interest      $380

2) Preparing the Journal Entries for above transactions

<u>Date</u><u>                            </u><u>General Journal </u><u>                        </u><u>Debit </u><u>             </u><u>Credit</u>

Mar 21              Notes receivable-T Jackson              $9,500

                         Account receivable-T Jackson                                 $9,500

Sept 17             Accounts receivable-T Jackson         $9,880

                        Notes receivable-T Jackson                                      $9,500

                        Interest Revenue                                                        $380

Dec 31              Allowance for Doubtful Accounts       $9880

                        Accounts receivable-T Jackson                                $9,880

Explanation:

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