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S_A_V [24]
3 years ago
6

Graber Company had $130,000 in sales on account last year. The beginning accounts receivable balance was $18,000 and the ending

accounts receivable balance was $12,000. The company's average collection period was closest to: Select one: a. 33.69 days b. 42.12 days c. 84.23 days d. 50.54 days
Business
1 answer:
larisa [96]3 years ago
4 0

Answer:

b. 42.12 days

Explanation:

Calculation for Graber company's average collection period will be:

Using this formula

Average collection period =Sales/[(Beginning accounts receivable +Ending accounts receivable)/2]

Let plug in the formula

130,000/[(18,000 + 12,000)/2]

=130,000/(30,000/2)

130,000/15,000

= 8.66days

Hence,

365/8.666666

=42.12 days

Therefore Graber company's average collection period will be 42.12 days

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TJX's handling of its serious data breach is consistent with which one of the following?a) Stakeholder theoryb) Stockholder theo
klemol [59]

Answer:

Stockholder theory

Explanation:

Stockholder theory

This theory was introduced in 1960's by Milton Friedman ,

According to this theory , The managers of the corporation have a duty to maximize the returns of the shareholder .

Therefore , due to the cyclic nature of the business hierarchy , the corporation is mainly responsible  to its stockholders .

6 0
3 years ago
In the following case, either a recessionary or inflationary gap exists. Assume that the aggregate supply curve is horizontal, s
KengaRu [80]

Answer:

This is a recessionary gap of $60 billion.

Simple multiplier = 1/ (1-.75) = 1/.25 = 4

The government would then have to increase its spending on goods and merchandise by total gap divided my simple multiplier.

$60 billion/ 4 = $15 billionTransfer multiplier - Each dollar of a Transfer payment will increase real GDP by Transfer Payment Multiplier

= MPC / (1-MPC) = 0.75 / (1-0.75) = 0.75/0.25 = $3

The government must increase spending on transfer payments by total gap divided by transfer payment multiplier = $60 billion / $3 = $20 billion

6 0
3 years ago
Settings alzania produces and consumes​ 500,000 tons of cotton during a year. Reports indicate that​ alzania's neighbor, which a
UkoKoshka [18]

Answer: C- Alzania's neighbor exported half its production of cotton that year

Explanation: Alzania produces and consumes​ 500,000 tons of cotton during a year. While, the neighbor which also employs the same number of people in the cotton​ industry, consumed​ 400,000 tons of cotton. There is no information on production of the neighbor. Just by looking at the consumption units we can argue that Alzania has an absolute advantage over the neighbor as it consumes more. However, if there is any information on the amount of exports of cotton from the neighbor then it will weaken the absolute advantage conclusion.

Thus, if <em>Alzania's neighbor exported half its production of cotton that year </em>the total production of cotton is greater of the neighbor than Alzania.

6 0
3 years ago
The relationship between the price charged for a product and the resulting demand level can be shown in a ________.
Neko [114]
Hello!

I believe the correct answer is: Demand curve.

I hope that was helpful! c:
7 0
3 years ago
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $302,000 and in Allowance for Uncollectible A
Lunna [17]

Answer:

$870

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Allowance for uncollectible accounts at 5%

= 5% * $302,000

= $1,510

Since the Allowance for Uncollectible Accounts was $640 (credit) before any adjustments, the bad debt expense for the year

= $1,510 - $640

= $870

8 0
3 years ago
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