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sweet [91]
3 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]3 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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Match the example with the type of individual difference and advantage it shows.
inna [77]

Answer:

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Scott's parents moved from the U. S. to Australia = Background

Bihn wants to make enough money to send his children to school = goal

Yolanda us outgoing and able to make friends quickly = Ability

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3 0
3 years ago
Because the initial user account created during installation is a member of the Administrators group, it has all of the characte
Reika [66]

Answer:

False

Explanation:

Few of the characteristics of administrator account that a member of administrator group doesn't have is that an administrator account cannot be removed from administrators group, it cannot be locked out/deleted due to incorrect logon attempt and it has a blank password by default.

With this, a member of the administrator group does not have all the characteristics of the administrator account.

6 0
3 years ago
an activity that a company performs poorly in comparison to its competitors is an example of a competitive deficiency, or quizle
torisob [31]

Answer:i would say weakness if its a choice

Explanation:

3 0
2 years ago
A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
ollegr [7]

Answer:

Bad debt expense A/c Dr  $4,900

           To Allowance for doubtful debts  $4,900

(Being bad debt expense is recorded)

Explanation:

The journal entry is shown below;

Bad debt expense A/c Dr  $4,900

           To Allowance for doubtful debts  $4,900

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

= Net Credit sales × estimated percentage given  - credit balance of allowance for doubtful debts

= $920,000 × 0.6%  - $620

= $5,520 - $620

= $4,900

6 0
3 years ago
Which of the following statements is TRUE?
Dahasolnce [82]

Answer:

Third one....The interest rate on your savings account will vary over time and be set by the government

Earn interest at a norminal rate.

7 0
3 years ago
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