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o-na [289]
3 years ago
10

Amanda's Interior Design has credit sales of $783,000, costs of goods sold of $418,000, and average accounts receivable of $107,

900. How long does it take its credit customers to pay for their purchases?
Business
1 answer:
posledela3 years ago
5 0

Answer:

The 50.30 days are required to take its credit customers to pay for their purchases.

Explanation:

For computing the average collection period, we have to use the formula of the average collection period.

Average collection period = Average accounts receivable ÷ Credit sales × total number of days in a year

= $107,900 ÷ $783,000 × 365

= 0.13780 × 365

= 50.30 days

We assume 365 days in a year

The cost of goods sold is irrelevant. Thus, it is not considered in the computation part.

Hence, 50.30 days are required to take its credit customers to pay for their purchases.

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Clarifying the issues of a problem is the _____ step in the problem solving process.
solmaris [256]

Answer:

hii there

The correct answer is option ( A )

8 Step Problem Solving Process

Step 1: Define the Problem. What is the problem?

Step 2: Clarify the Problem.

Step 3: Define the Goals.

Step 4: Identify Root Cause of the Problem.

Step 5: Develop Action Plan.

Step 6: Execute Action Plan.

Step 7: Evaluate the Results.

Step 8: Continuously Improve

Explanation:

Hope it helps

have a nice day

8 0
3 years ago
Business head Brent wants to categorize items under the Challenge, Risk, and Reward headings for his IS implementation presentat
Savatey [412]

Answer:

Challenge

  • Quality Issues
  • Lack of Documentation

Risk

  • Loss of Confidentiality
  • System Unavailability

Reward

  • Increased Quality
  • Reduced Cycle

Explanation:

A challenge is something that test you and your business. The are temporary obstacles that you have to surpass in order to be successful.

Business Risk means the possibility of loss or any adverse condition that may severely damage the organization's ability to achieve its goals and objectives.  

Reward means a positive outcome that has happened because of productive decision making and effective management.  

7 0
3 years ago
In what situations is top-down planning likely to be superior to bottom-up emergent strategy development
Marianna [84]

Answer is given below :

Explanation:

  • Both strategies aim to convey and process knowledge between and within the organization. The top-down approach for sub-categories to gain insights at the senior management level breaks down a system.
  • This is a great tool to help managers identify areas of improvement using quota and monthly matrix goals. There are flaws in this strategy, employees are not involved in the process and managers do not understand the full impact of the changes made.
  • Morality can be affected because this strategy is motivated by fear and encouragement. The bottom line is that in some cases it is more complex, although employees feel motivated to provide more authority and quality work. The information is processed to a minimum and communicated to management.
  • This may help in some areas because administrators may not fully understand the process. I should use the military as an example for a top down strategy.
  • It works on the battlefield when there is no time to discuss or motivate employees. Top down is used when there is a slight change in environmental factors.
5 0
3 years ago
Incite co. has a 36 percent tax rate. its total interest payment for the year just ended was $35 million. what is the interest t
butalik [34]
<span>Tax shield is the saving in tax due to exemption of tax on interest expense = interest expense * tax rate = $35 million * 36% = $ 12.6 million</span>
4 0
4 years ago
Liam is a computer system analyst and is looking to change to a company that offers more opportunities for advancement. He has j
Katyanochek1 [597]

Answer:

C

Explanation:

Job 1

Annual Income+ Benefits- (annual housing & utility cost)

78,000+4,000-( 1,350*12)= 65,800

Job 2

Annual Income+ Benefits- (annual housing & utility cost)

100,000+2,500-( 3,150*12)=  64,700

Therefore, job 1 is a better choice

5 0
4 years ago
Read 2 more answers
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