Answer: groupthink
Explanation:
Following the information given in the question, it can be deduced that Steve is being adversely influenced by groupthink.
Groupthink is when a group of people reach a consensus and agree on a particular thing without thinking about other alternatives or the consequences. Groupthink is typically based on the desire not to upset others. In this case, Steve doesn't want to upset and dispute the claims of others.
Answer:
Owners Equity is $7,850
Net Working Capital is $910
Explanation:
Total Assets = Total Liabilities + Owners Equity
($2,350 + $11,100) = ($1,440 + $4,160) + Owners Equity
($13,450) = ($5,600) + Owners Equity
$13,450 - $5,600 = Owners Equity
$7,850 = Owners Equity
Net working capital is calculated as current assets - current liabilities
$2,350 - $1,440 = $910.
Answer: 80.17 days
Explanation:
The Receivable days estimated is calculated by the formula:
= Accounts receivable * 365 / (Annual sales * Gross profit margin)
= 2,200 * 365/ (32,000 * 31.3%)
= 2,200 * 0.03644169329
= 80.17 days
Answer:
Explanation:
Find attached the solution and the relevant formulas
