All categories

3 years ago

If the quantity demanded for a good rises as the price falls, then the curve representing this relationship will be:

1 answer:

6 0

If the quantity demanded for a good rises as the price falls, then the curve representing this relationship will be: impossible to determine.

even though the relationship between the quantity demanded and the nature of the price still correct, we need at least the some sort of illustration of the actual amount of quantity and the price to be able to draw the graph

You might be interested in

something people buy to protect themselves from losing a lot of money in the event something happens to them or their property i

Artemon [7]

Answer:

it is known as: Insurance

4 0

2 years ago

The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities o

Flauer [41]

Answer:

a. $1.08

Explanation:

Total assets include net fixed assets, working capital and current liabilities. Harrisburg Store's total assets are:

$A= \$22,407+\$2,715+\$3,908\\A=\$29,030$

The total asset turnover is the amount of money worth of sales generated from every $1 in total assets and is given by:

$TAT=\frac{sales}{assets}=\frac{\$31,350}{\$29,030} \\TAT = \$1.08$

$1.08 worth of sales are generated from every $1 in total assets.

7 0

3 years ago

Real World Financials ABC Corporation reported the following information in its financial statements for three successive quarte

Debora [2.8K]

Answer:

(Q4) Receivables turnover ratio= 1.135

(Q1) Receivables turnover ratio= 1.153

Average collection period for Q1=31 7 days

Average collection period for Q4 = 317 days

Explanation:

The Receivables turnover ratio gives us the efficiency of collections and the Average collection period tells us the number of days in which the receivable is collected.

Three Months Ended (Q1) (Q4) (Q3)

9/30/2017 6/30/2017 3/31/2017

Balance sheets:

Accounts receivable, net $ 21,361 $ 19,880 $ 12,970

Income statements:

Sales revenue $ 24,620 $ 23,400 $ 22,260

Receivables turnover ratio= Net Sales / Average Accounts Receivable

Average Accounts Receivable= Net Receivables for one Quarter + Net Receivables for other Quarter/2

(Q3) Receivables turnover ratio= $ 22,260/ $ 12,970 + $ 19,880/2

(Q3) Receivables turnover ratio= $ 22,260/ 16425

(Q3) Receivables turnover ratio= 1.355

This indicates that average accounts receivable balance is converted into cash 1.355 times during the quarter.

(Q4) Receivables turnover ratio= $ 23,400 /$ 19,880 + $ 21,361 /2

(Q4) Receivables turnover ratio= $ 23,400 /20620.5

(Q4) Receivables turnover ratio= 1.135

This indicates that average accounts receivable balance is converted into cash 1. 135 times during the quarter.

(Q1) Receivables turnover ratio= $ 24,620/$ 21,361 ( assuming net is average)

(Q1) Receivables turnover ratio= 1.153

This indicates that net accounts receivable balance is converted into cash

1. 153 times during the quarter.

Average collection period for Q1 = 365/ Receivables turnover ratio

Average collection period for Q1= 365/1.153= 316.6= 317 days

Average collection period for Q1=31 7 days

Average collection period for Q4 = 365/Receivables turnover ratio

Average collection period for Q4 = 365/1.15= 317.4= 317 days

8 0

2 years ago

Determining asset cost, preparing depreciation schedules (3 methods), and identifying depreciation results that meet management

den301095 [7]

Answer:

total cost = $100,000 + $3,000 + $600 + $10,400 = $114,000

straight line depreciation expense = ($114,000 - $12,000) x 1/5 = $20,400

year depreciation expense book value

1 $20,400 $93,600

2 $20,400 $73,200

3 $20,400 $52,800

4 $20,400 $32,400

5 $20,400 $12,000

RESULTS IN HIGHER INCOME DURING THE FIRST YEAR.

units of production deprecation = ($114,000 - $12,000) / 136,000 = $0.75 per mile

year depreciation expense book value

1 $24,000 $90,000

2 $24,000 $66,000

3 $24,000 $42,000

4 $24,000 $18,000

5 $6,000 $12,000

double-declining-balance depreciation:

depreciation year 1 = $114,000 x 2/5 = $45,600

depreciation year 2 = $68,400 x 2/5 = $27,360

depreciation year 3 = $41,040 x 2/5 = $16,416

depreciation year 4 = $24,624 x 2/5 = $9,850

depreciation year 5 = $14,774 - $12,000 = $2,774

year depreciation expense book value

1 $45,600 $68,400

2 $27,360 $41,040

3 $16,416 $24,624

4 $9,850 $14,774

5 $2,774 $12,000

7 0

2 years ago

Do managers in both small and large companies perform similar types a activities

Amiraneli [1.4K]

The manager of the larger company's manager might have more to do because of the size of the company, but I believe that they would do most of the same tasks. Think of it like this: Would a Dollar General manager do more than a Microsoft manager?

4 0

3 years ago

Read 2 more answers