Answer:
Accounts receivable balance=$306,000.
Explanation:
Given Data:
DSO=17 days
Annual sales=$6,570,000
Number of days in year=365 days
Required:
Accounts receivable balance=?
Solution:
Average sales per day:
Calculating account receivable:
Accounts receivable balance=$306,000.
Answer:
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Explanation:
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Answer: The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. Points on the interior of the PPC are inefficient, points on the PPC are efficient, and points beyond the PPC are unattainable.
Answer:
False
Explanation:
Retained earnings can be defined as the amount of money or income left after a firm or organization as paid out it dividends to their shareholders.
Retained earnings are also an organisation's profit which they retained or keep and this earning is reinvested for other purposes. Such purposes include: Future expansion of the the organization. Retained earnings are a form of liability to a firm.
Funds acquired by the firm through retained earnings (similar to their free cash flow), have cost attached to them. This is because the cost of retained earnings is equivalent to rate of return on re-investment of dividends of shareholders that is paid by the organization. Hence, retained earnings is equivalent to the cost of equity.
Answer:
Increase
Explanation:
If Bluebird accepts this additional business, the effect on net income will be:
