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sweet [91]
4 years ago
10

Proposal #2 would establish local collection centers throughout the region to decrease the time it takes to convert credit payme

nts that are mailed in by check to cash. It is estimated that establishing these collection centers would reduce the average collection time by 2 days. 1) If the company currently averages $50,000 in collections per day, how many dollars will this suggested cash management system free up?
Business
1 answer:
worty [1.4K]4 years ago
6 0

Answer:

$100,000

Explanation:

The computation of the amount of dollars that suggested for free up the cash management system is shown below:

= Average collection period × current average collections per day

= 2 days × $50,000

= $100,000

We simply applied the above formula so that the correct amount could come and the same is to be applied

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Wha types of records are in safe deposit boxes
noname [10]
Any records pertaing to finances, birth certificates, or any records sensitive to yourself or famly 
3 0
4 years ago
The Assembly Department of One Roof, Inc., manufacturer of computers, incurred $300,000 in direct material costs and $70,000 in
Papessa [141]

Answer:

D) $116.67 per EUP

Explanation:

To find out the equivalent unit of production (EUP) for conversion costs we have to divide the total conversion costs by the equivalent units produced:

EUP conversion costs = $70,000 / 600 units = $116.67 per EUP

The EUP for direct materials would = total costs direct materials / equivalent units produced = $300,000 / 1,000 units = $300 per EUP

Both fully completed units and partially completed units are expressed in terms of equivalent units of production.

6 0
3 years ago
Mary is an African American woman who wanted to buy a home but did not qualify for a traditional mortgage. She had no choice but
Zolol [24]

Answer:

subprime loan

Explanation:

Subprime loans are loans that charge a higher interest rate than normal market interest rate. They are usually given to people that don't qualify for prime rate loans (which charge a normal market interest rate). Since they are high risk clients, the creditor charges higher interest rates.

3 0
4 years ago
Allison Company has 40,000 shares of $320 par value, 5% cumulative preferred stock and 140,000 shares of $80 par value common st
FromTheMoon [43]

Answer:

$1.86

Explanation:

Preference shares get first preference when dividends are being paid. So, out of the dividend declared, we first payoff Preference dividends then the remainder goes to Common Stock holders.

Cash Dividend = $900,000

Preference Dividends

Preference Stockholders receive a fixed dividend calculated as :

Dividend = 40,000 shares x $320 x 5 % = $640,000

Dividend per share = $640,000 / 40,000 = $16.00

Common Stockholders Dividends

Remainder = $900,000 - $640,000 = $260,000

Dividend per share = $260,000 / 140,000 = $1.86

Conclusion :

Dividends per share paid to the common stockholders is $1.86

4 0
3 years ago
Consider luxury weekend hotel packages in las vegas. When the price is $250, the quantity demanded is 2,000 packages per week. W
Aleonysh [2.5K]

Answer: Elasticity of luxury weekend hotel packages in las vegas is -1.432.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price of the good.

Mid point method-

e=\frac{Q2-Q1}{\frac{Q1+Q2}{2} } * \frac{\frac{P1+P2}{2} }{P2-P1}e=\frac{1700-2000}{\frac{2000+1700}{2} } * \frac{\frac{280+250}{2} }{280-250}

e=\frac{-300}{1850} } * \frac{265}{30}

e= -0.16216*8.8333

e= -1.432

Elasticity of luxury weekend hotel packages in las vegas is -1.432.



5 0
3 years ago
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