Answer:
43 days
Explanation:
The first step is to calculate the account receivable turnover
= $595,000/($80,000+$60,000)/2
= 595,000/140,000/2
= 595,000/70,000
= 8.5
Therefore the average collection period can be calculated as follows
= 365 /8.5
= 42.9
= 43 days
Answer:
summarizing
Explanation: just did it.
Answer:
a company May believe you might buy the product if you didn't know the negative things about it
Explanation:
would would you buy hot dogs if you knew how they were made?
Answer:
The statement is True
Explanation:
A higher price level is a term that describes an economic condition in which more money is required to purchase a given amount of goods and services, at a given period, tland this leads to inflation overtime.
However, with a higher expected price level, it implies that a decline in the real value of a constant nominal amount of money balances is expected. Thus, there is an high tendency among people to substitute away from holding money and toward holding non-liquid assets whose prices may rise with the in the foreseeable future.
