When managers make the most appropriate decision in light of what they believe to be the most desirable consequences for the com
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The average change in the tuition in the school is $1748.30 per year
<h3>How to find the average rate of change</h3>The formula would be
y2 -y1 / x2 - x1
The value for y1 = 19890
y2 = 30380
x2 = 2011
x1 = 2005
We would have to put these values in the formula that we have above such that we would be having:
30380 - 19890 / 2011 - 2005
10490 / 6
= $1748.30
Hence we would say that the average rate of change is $1748.30 per year.
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Answer:
8 times
Explanation:
Financial Statements depicts the financial position of a firm at a particular point of time or specified date. The users of financial statements use various types of analysis to understand or compare the current financial statements of the company to prior years or with those of the competitors.
‘Ratio Analysis’ is used to analyze the performance of a company. It is used to analyze the liquidity, profitability, solvency and operational efficiency of the company.
Given:
Net credit sales = $1,300,000
Beginning accounts receivable = $185,000
Ending accounts receivable = $140,000
Accounts receivable turnover is the ratio of net credit sales to average accounts receivable.
It can be calculated as:
Average accounts receivable =
Average accounts receivable =
Average accounts receivable =
Average accounts receivable = $162,500
Accounts turnover ratio =
Accounts turnover ratio =
Accounts turnover ratio = 8 times