Answer:
$765,000
Explanation:
The computation of the accounts receivable balance is shown below:
We know that
Days Sales Outstanding = (Accounts receivable ÷ Credit Sales) × Total number of days in a year
46 days = (Account receivable ÷ $6,205,000) × 365 days
So, the account receivable would be
= ($6,205,000 × 45 days) ÷ 365 days
= $765,000
We simply applied the above formula.
Answer:
C. bad payment history
Explanation:
Creditworthiness is the term banks, and other lenders use to determine the risk associated with each customer. Credit score ratings place customers into different risk categories. A low credit score signifies a high-risk customer or low creditworthiness. Banks will extend credit facilities to a high-risk customer at a high-interest rate.
A customer with a poor loan repayment history has a low credit score. Tracy is being offered the loan at a high-interest rate due to her low creditworthiness. Her case would be different if she had a better credit score associated with a good loan repayment history.
Answer:
Following are the solution to the given question:
Explanation:
Its information to respond to this query is not enough. A real income or losses shall get into relation to the gross income received by the donor by providing gifts 1 through 10 or net loss earned by the donor through gifts 11 to 20.
Answer:
The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.
This is because it is temporary and people in the affected sector could opt for jobs in other performing sectors of the economy.
Explanation:
Suppose the world price of cotton falls substantially, the following scenario will ensue.
The demand for labor among cotton-producing firms in Texas will reduce .
The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will also decline .
The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.
Frictional unemployment is seasonal employment that could occur when there is no demand or work period is completed unlike structural unemployment that can last for long.
It is a temporary unemployment situation because workers in the cotton industry could opt for jobs in other performing sectors of the economy.
