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Solnce55 [7]
3 years ago
7

If a firm sells on terms of 2/10 net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day

credit period tells us that the credit department is functioning efficiently and there are no past-due accounts.
a) true
b) false
Business
1 answer:
GalinKa [24]3 years ago
7 0

Answer:

a) true

Explanation:

2/10 net 30 means that if the costumer pays within 10 days, he will be offered 2% discount, otherwise the amount is due in 30 days in full.

DSO means average number of days the company takes to receive payment from customers of credit sales.

Since the DSO of a firm given is 28 days, which is lower than the 30 days credit period normally offered by the company, therefore it may indicate that the firm's credit department is operating effectively.

Hence, answer is a) true

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Managers might want to offer _____ to employees who want to talk to someone about their problems.
ZanzabumX [31]
<span>Managers might want to offer counseling to their employees who want to talk to someone about their problems. When a major shift in employee demeanor is observed a manager should have a private conversation with their employee and try to look for warning signs of major issues such as depression or anxiety. If those issues are made apparent; then counseling is a wise course of action to attempt to remediate.</span>
7 0
3 years ago
Read 2 more answers
$5000 is put into an empty savings account with a nominal interest rate of 5%. No other contributions are made to the account. w
yawa3891 [41]

Answer:

Interest in 5 years will be $1418.07 which is near about $1420

So option (D) will be correct answer

Explanation:

We have given amount invested, that is principal amount P = $5000

Rate of interest r = 5 %

Time taken t = 5 years

As interest is compounded monthly so rate of interest =\frac{5}{12}=0.416%

And time period n = 12×5 = 60 period

So total amount after 5 year will be equal to

A=P(1+\frac{r}{100})^n

A=5000(1+\frac{0.417}{100})^{60}

A=5000\times 1.2836=6418.07

We have to find the interest

Interest will be equal to = total amount - principal amount = $6418.07 - $5000 = $1418.07

Which is near about $1420 so option (D) will be correct answer

 

8 0
3 years ago
At December 31, Hawke Company reports the following results for its calendar year.
kodGreya [7K]

The adjusting entries for acknowledging the bad debts would be:

a). Bad Debts Expense                  $50 640

Allowance for Doubtful Accounts                     $50 640

b). Bad Debts Expense                 $48089.1

Allowance for Doubtful Accounts                     $48089.1

Bad debts:

  • Bad debts are described as debts that are unable to be recovered from their respective debtors.

The key reasons for this could be:

  • The debtor is bankrupt and cannot pay the amount.
  • The debtor flees away and thus, can't be compelled to pay.

The given amounts are obtained as follows:

a). Given that,

Bad debts is 1.5% of credit sales.

Credit Sales = $3,376,000

Bad debts = 1.5% of $3,376,000

∵ Bad debts = 1.5/100 * $3,376,000

= $50 640

b). Given that,

Bad debts = 1 % of total sales.

Total Sales = Credit sale + Cash sale

= $3,376,000 + $1,432,910

= $4808910

Bad debts = 1% of 4808910

∵ Bad debts = 1/100 * $4808910

= $48089.1

Learn more about 'Journal entries' here:

brainly.com/question/17439126

3 0
3 years ago
Campbell’s Soup has divided the domestic market into more than 20 re- gions, each with its own sales managers that develop speci
Sliva [168]

Answer:

a. micromarketing

Explanation:

Micromarketing -

It is the strategy of marketing , where the advertising is done on the basis of the location and the taste of the people , is referred to as micromarketing .

In this method ,

The ares are bifurcated into small regions , and for each and every region different method of marketing is used , depending on the people and location .

This enables to market the goods and services in a better manner .

Hence , from the given scenario of the question ,

The correct option is a. micromarketing  .

3 0
3 years ago
Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchase
wlad13 [49]

Answer:

Explanation:

GDP = C + I + G + NX

Where, C = Consumption, I - Investment, G - Government Purchases, NX - Net Exports

GDP = 11.00 + 1.20 + 3.10 + (1.20 - 2.32)

       = 14.18 trillions of Rupees

6 0
3 years ago
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