Answer:
The answer is B.
Explanation:
Accounts receivable turnover is the number of times per period(quarterly, semiannuallly or yearly) that a business
or firm collectss its average accounts receivable. The ratio is used to evaluate the firm's ability to efficiently sell on credit and collect money from its customers in a timely manner.
A lower number of turnover depicts higher efficiency.
Therefore, the correct answer is B. It measures how frequent, on average, receivables are received and collected during the period
Answer:
A. (1 – s)y.
Explanation:
Solow growth model describes how saving, population growth, and technological change affect output over time and describes changes in the economy over time.
In the Solow growth model, where s is the saving rate, y is output per worker, and i is investment per worker, consumption per worker (c) equals:(1 – s)y
Answer:
Amount paid for goodwill=5.3 million
Explanation:
The expression for calculating goodwill is given by;
Goodwill = Consideration paid– Fair value of net identifiable assets
where;
Consideration paid=$12.5 million
Fair value of net identifiable assets=Midwest's assets-Midwest's liabilities
Midwest's assets=$8.5 million
Midwest's liabilities=$1.3 million
Fair value of net identifiable assets=(8.5 M-1.3 M)=7.2 million
Replace in the expression below;
Goodwill = Consideration paid– Fair value of net identifiable assets
Goodwill=12.5 M-7.2 M
Goodwill=5.3 million
Manuel, an it manager, has been studying the actions that his workers perform in an attempt to improve their productivity Mateo is utilizing. In economics, productivity quantifies output per unit of input, such as labor, capital, or any other resource. For the economy, it is frequently computed as a ratio of GDP to hours worked.
workers productivity can be broken down further by industry to study trends in labor growth, salary levels, and technology advancement. Productivity increase is directly related to corporate earnings and shareholder returns. Productivity is a measure of the efficiency of a company's production process at the corporate level.
To learn more about Productivity, click here.
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Answer and Explanation:
The Journal entries are shown below:-
1. Salary Expense $1,500
To Salary Payable $1,500
(Being salary expense is recorded)
Here we debited the salary expenses as it increased the expenses and we credited the salary payable as it also increased the liabilities
2. Salary Expense Dr, $2,100
Salary Payable Dr, $1,500
To Cash $3,600
(Being cash paid is recorded)
Here we debited the salary expenses and salary payable as it increased the expenses and decreased the liabilities and we credited cash as it reduced the assets
