Answer:
The firm collects on its sales in an average of 10 days
Explanation:
if the receivables turnover is 36.5 it means it colect his accounts 36.5 times per year
we can convert this into a days metric:
<em>the days account is outstanding:</em>
365 days per year / we collect 36.5 per year = 10 days to collect an account on average
The acounts are collected every ten days on average.
The logic behind saving for retirement is that the earlier one begins saving for retirement, the lesser amount they will have to save monthly. From the graph given, the answer to how much more you need to invest per month to have $1M at retirement is;
Assuming a 6% investment on return, the individual will have to save $360 monthly to have $1,000,000 at the retirement age of 67.
If he, however, waits till the age of 25 to begin saving, he will have to save $500 which is $140 more than he would have saved from the age of 20.
So, to save less per month, you need to start at an early age.
Learn more here:
brainly.com/question/5837034
A product-process matrix can be used to address the fact that customers often participate in service processes.
This is FALSE.
A customer is a recipient of goods, services, products, or ideas obtained from a seller, vendor, or supplier through financial transactions or in exchange for money or other valuable consideration.
A customer is an individual or business that purchases goods or services from another business. Customers are important because they drive sales. Without them, companies cannot continue to exist.
The definition of customer is a person who purchases products or services at a store, restaurant, or another retail establishment. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.
Learn more about customer here:brainly.com/question/12831236
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Answer:
Correct option is (b)
Explanation:
Price elasticity of demand is the law that states that proportion of percentage change in demand due to percentage change in price only and not any other factors. Demand is perfectly elastic if quantity demanded changes tremendously with change in price. Demand is inelastic if there is no change in quantity demanded with increase in price.
Here, Get smart university plans to increase tuition fees assuming that there will be no change in demand for the seats offered by the university due to increase in price. So, it assumes that demand is inelastic.
