Which of these items is not considered to be a want?

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

3 years ago

Which of the following statements about setups is FALSE? Group of answer choices Setup time is dependent on the number of units

Nadusha1986 [10]

Answer: Setup time is dependent on the number of units subsequently produced.

Explanation:

It should be noted that a setup is a required activity and a set of activities. A setup time is also referred to as the changeover time.

The statement that "Setup time is dependent on the number of units subsequently produced" is false. The setup time refers to the interval that is needed to adjust the machine settings in order to make it ready to process a job. The setup time isn't dependent on the number of units that's subsequently manufactured.

6 0

3 years ago

Morgan is going to give a presentation on how to prepare a tax return. Which of the following would constitute a suitable thesis

sasho [114]

Answer:

The correct answer is a. Preparing a tax return is a fairly simple process, if you know what documents you need.

Explanation:

Terror should not be imposed on people, due to the complexity that in some cases merits the professional advice of an accountant. For this reason, the best thesis that Morgan can use is to make them see that the process does not really involve excessive efforts if you have all the information at hand. The basic premise in tax matters is the organization, the basic knowledge of the standard ensures important levels of trust.

4 0

3 years ago

Susan’s customers are always concerned about what they are receiving in exchange for what they are paying. They are concerned ab

liubo4ka [24]

Answer: Customer value

Explanation: In simple words, customer value refers to the level of satisfaction that the consumer receives from purchasing a commodity. The level of satisfaction highly depends on the price that the customer gives for the commodity.

In the given case, the customer of Susan's were concerned about their utility satisfaction.

Hence from the above we can conclude that the correct option is C.

3 0

3 years ago

Your business has purchased 500 pizza pans, 60 kg of sauce, 100 kg of cheese, 2.5 kg of basil, 2.5 kg of oregano, 5 kg of yeast,

adelina 88 [10]

Answer:

400 pizzas

Explanation:

The complete question would be:

You are going into the business of making pizzas. The following is the list of ingredients to make ONE pizza:

400 g flour 50 mL water

10 g yeast 120 g sauce

250 g cheese 5 g oregano

5 g basil

Your business has purchased 500 pizza pans, 60 kg of sauce, 100 kg of cheese, 2.5 kg of basil, 2.5 kg of oregano, 5 kg of yeast, and 200 kg of flour. You have as much water as you need. How many pizzas can you make?

You are going to have to make a couple of conversions to do this. Since everything you need is indicated in grams, we first need to convert everything you have in grams.

There are 1,000 g in 1 kg. So now we convert them all:

60 kg of sauce

$60kg \times \dfrac{1,000g}{1kg} = 60,000g$

100 kg of cheese

$100kg \times \dfrac{1,000g}{1kg} = 100,000g$

2.5 kg of basil

$2.5kg \times \dfrac{1,000g}{1kg} = 2,500g$

2.5 kg of oregano

$2.5kg \times \dfrac{1,000g}{1kg} = 2,500g$

5 kg of yeast

$5kg \times \dfrac{1,000g}{1kg} = 5,000g$

200 kg of flour

$200kg \times \dfrac{1,000g}{1kg} = 200,000g$

So now that we know what we have, we determine how many pizzas we can make with the amount of each ingredient. We get the ratio of each ingredient to one pizza to determine how many we can make:

Flour:

Available: 200,000g

Needed: 400g

$200,000g\ of\ flour\times\dfrac{1\ pizza}{400g\ of\ flour} = 500\ pizzas$

Yeast:

Available: 5,000g

Needed: 10g

$5,000g\ of\ yeast\times\dfrac{1\ pizza}{10g\ of\ yeast} = 500\ pizzas$

Cheese:

Available: 100,000g

Needed: 250g

$100,000g\ of\ cheese\times\dfrac{1\ pizza}{250g\ of\ cheese} = 400\ pizzas$

Basil:

Available: 2,500g

Needed: 5g

$2,500g\ of\ basil\times\dfrac{1\ pizza}{5g\ of\ yeast} = 500\ pizzas$

Sauce:

Available: 60,000g

Needed: 120g

$60,000g\ of\ sauce\times\dfrac{1\ pizza}{120g\ of\ sauce} = 500\ pizzas$

Oregano:

Available: 2,500g

Needed: 5g

$2,500g\ of\ oregano\times\dfrac{1\ pizza}{5g\ of\ oregano} = 500\ pizzas$

We do not need to consider water, because it will provide as many as we will need.

So here we see that all but one ingredient is able to yield 500 pizzas. Cheese is the only one that yields less than 500, specifically 400 only. This is your limiting ingredient and this ingredient determines how many pizzas you can make. Because when you run out of cheese, you can no longer make a pizza.

4 0

3 years ago