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4 years ago

He average collection period is computed by dividing

Business

1 answer:

zheka24 [161]4 years ago

8 0

Answer:

B). 365 days by the accounts receivable turnover.

Explanation:

This is said to be the time it takes for a business to receive money owed by its client in its amount receivable(AR).

The average collection period formula is the number of days in a period divided by the receivables turnover ratio. The numerator of the average collection period formula shown at the top of the page is 365 days. For many situations, an annual review of the average collection period is considered.

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Several firms have claimed to have dropped performance appraisals completely and focused entirely on performance management. Muc

svet-max [94.6K]

Answer:

B. Forced distribution method

Explanation:

Forced distribution method is a rating used by organizations to evaluate their work place. In this situation, the raters are made to give ratings to individuals being evaluated into an already established performance distribution. It requires the person carrying out the appraisal to place or appraise workers based on certain predetermined parameters from which he can then rank them. The forced distribution method is one of the most not established fact but also one of the most adopted appraisal method. Due to the criticism attached to it, it stemmed up organizations claiming to have dropped off performance appraisals completely.

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4 years ago

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Difference between service-orinated and level wise profession?

mina [271]

Here is your genuine answer

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3 years ago

Suppose there is a simultaneous increase in the demand for rice and increase in the supply of rice. Which of the following will

patriot [66]

Answer:

C) The market learing price may rise, fall, or stay the same, but the equilibrium quantity will rise.

Explanation:

An increase in demand would lead to an increase in demand and price.

An increase in supply would lead to an increase in supply and a fall in price.

The combined effect would lead to an increase in equilibrium quantity but the effect on equilibrium price would be indeterminate.

I hope my answer helps you

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3 years ago

The _________ pricing strategy maintains low prices and avoids the use of special sales.

Harrizon [31]

<span>This is everyday low pricing, which is also known as EDLP. Usually, the EDLP is in the range of a high-low retailer's promotional price. However, the EDLP is not a discounted price. People are attracted to this price, because it is something they can count on.</span>

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4 years ago

On January 1, Year 1, Gemstone Mining Company (GMC) paid $10,500,000 cash to purchase a stone pit estimated to hold 50,000 tons

Varvara68 [4.7K]

Answer:

Cost of Mining Stone pit = $10,500,000

Salvage value at the end of third year = $500,000

Total expected mining during the life = 50,000 tonnes

Depletion per tonne = (cost - salvage) ÷ total expected mining

= (10,500,000 - 500,000) ÷ 50,000

= $200 per tonne

Stone extracted during the year = 10,000 tonnes

Depletion expense of Year 1 = 10,000 tonnes @ 200 per tonne

= $2,000,000

JOURNAL ENTRY:

Depletion expense A/c Dr. $2,000,000

To Accumulated Depletion- Mining rights $ 2,000,000

(To record depletion expense for Year 1)

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3 years ago