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Ilia_Sergeevich [38]
3 years ago
14

Mr. Husker’s Tuxedos Corp. ended the year 2018 with an average collection period of 37 days. The firm’s credit sales for 2018 we

re $56.6 million. What is the year-end 2018 balance in accounts receivable for Mr. Husker’s Tuxedos?
Business
1 answer:
Nimfa-mama [501]3 years ago
8 0

Answer: Accounts receivables = 5737534.25

Explanation:

Average collection period measures the average number of days between the day inventory is sold on credit and the day customer settles the credit account.

average collection period = 37 days

credit sales = 56600000

Average collection period = (Accounts receivable/credit sales) x 365

37 = (Accounts receivables/56600000) x 365

365Accounts receivables =  56600000 x 37

Accounts receivables = 2094200000/365

Accounts receivables = 5737534.2466

Accounts receivables = 5737534.25

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<u>Explanation:</u>

The government reduces regulations on tourism activities. Tourism related companies are encouraged to establish their business in a better way by reducing the interest rates for these business. The government also funds tourism related activities such as trade events. funding is also provided for events, concerts, festivals and permanent visitor attractions that can be set.

To develop the international education sector Australian government has kept the education sectors open for business.Global networking is done by government to take international students and provide education facilities.

8 0
3 years ago
____________ is a completely inadequate mechanism ____________________ in a modern advanced economy. Question 21 options: Curren
choli [55]

Answer:

Barter; for trying to coordinate trades

Explanation:

The barter is the system where the goods or services are exchanged with another goods or services. Here no money involvement is there

Only goods or services are exchanged with the different good or services

So it is a complete non-adequate mechanism and it should be tried for coordinating the trades

Therefore the above option should be considered

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3 years ago
Manuel is a manager for a manufacturing company in which managers are expected to fully document all decisions and in which it i
ikadub [295]

Answer: Low risk taking culture

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Organisational culture includes the behaviour, beliefs, value and principles in which an organisation operates on. It's entails the way business are done, decisions are made etc.

Low risk taking is an organisation culture aimed at minimising risks. Recommendations and Decisions are based on facts and genuine data not on abstract and unreal thoughts with decisions fully documented.

7 0
3 years ago
The following exchange demonstrates which problem-solving technique the issues we are having with the design is similar to the i
levacccp [35]

Answer: Question Assumptions

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3 0
3 years ago
A bond has yield to maturity of 7.15 percent; face value of $1,000; time to maturity of 11 years and pays coupons semiannually.
maxonik [38]

Answer:

6.34 %

Explanation:

For computing the coupon rate, first we have to determine the PMT by using the PMT formula that is shown on the attachment

Given that,  

Present value = $939.02

Future value = $1,000

Rate of interest = 7.15% ÷ 2 = 3.58%

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The formula is shown below:

= PMT(Rate;NPER;-PV;FV;type)

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Now the annual PMT is

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= $63.40

So, the coupon rate equals to

= $63.40 ÷ $1,000

= 6.34 %

5 0
3 years ago
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