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blagie [28]
3 years ago
11

The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days'

sales in trade accounts receivable 33What was the number of days in Clay's current-year operating cycle?A. 33B. 47C. 61D. 94
Business
1 answer:
adelina 88 [10]3 years ago
5 0

Answer: 94 DAYS

Explanation: The average time it takes for the business to complete the whole process of making initial cash outflow to produce goods and receiving cash from customers by selling those goods produced is called operating cycle of that business.

formula = number of days of inventory + number of days in accounts receivable

therefore,

operating cycle = 61 days + 33 days = 94 days

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The price of digital cameras fell because of improvements in production technology. As a result, the demand for non-digital came
zavuch27 [327]

Answer:

The answer is: B) The statement is false. A decrease in the price of digital cameras would decrease the demand for non-digital cameras, but a decrease in the price of non-digital cameras would not cause the demand for non-digital cameras to decrease.

Explanation:

Suppose we are not currently living in 2019, instead we are back 12 years to 2007 (before the iPhone). Back then , digital cameras were still used by common "unprofessional" users. Digital cameras were an improvement compared to non-digital cameras, so the price of non-digital cameras were much lower than their digital counterparts.

If the price of digital cameras decreased, then the price of non-digital cameras would decrease also. For example, if luxury car companies like Mercedes Benz started selling sedan cars for $20,000, Ford and Chevrolet would be forced to lower the price of their cars since they wouldn't be able to compete with MB at the same price.

But a decrease in the price of non-digital cameras would never decrease their demand. Something else would have caused that decrease. Probably digital cameras became so cheap that everyone could afford one and since they were so much better than non-digital cameras, people simply stopped buying non-digital cameras.  

8 0
3 years ago
How much money is wasted on fraudulent health products each year in the US?
jenyasd209 [6]
About 750 billion,
$210 billion in unnecessary services and $190 billion in excess admin cost, $130 billion in inefficient delivery care $150 billion in inflated prices, and $75 billion in fraud and $55 billion in inflated prices.
3 0
3 years ago
Read 2 more answers
The journal entry to record the amortization of a bond discount would include a __________ to __________.
zimovet [89]
B. Credit; discount on bonds payable
3 0
2 years ago
Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D
WITCHER [35]

Answer:

Pitts Enterprises

                                               Materials        Conversion

The equivalent units =           225,000            195,000

Explanation:

a) Data and Calculations:

                                           Units    Materials        Conversion       Total

Work in Process, May 1    50,000       100%               40%

Units started in May      225,000

Units completed            200,000

Work in Process, May 31  75,000      100%               20%

Costs of Work in Process                $70,500         $34,050       $104,550

Costs incurred in May                      342,000          352,950        694,950

Equivalent units:

                                           Units    Materials        Conversion

Work in Process, May 1    50,000       0 (100%)         30,000 (60%)

Units started and

 completed in May        150,000  150,000 (100%)  150,000 (100%)

Work in Process, May 31 75,000    75,000 (100%)    15,000 (20%)

Total equivalent units                   225,000              195,000

5 0
3 years ago
In a private closed economy, (a) the marginal propensity to save is 0.25, (b) consumption equals income at $120 billion, and (c)
Andreas93 [3]

Answer:

$280 billion

Explanation:

An economy reaches the equilibrium when there is an equal amount of supply and demand.

7 0
3 years ago
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