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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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Gemiola [76]

Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

<h3>What is an original age?</h3>

In a life policy, an Original Age refers to the age of an insured at the inception of a life insurance policy.

Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

Read more about original age

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5 0
2 years ago
An 83-year-old female demonstrating early-stage dementia has just had surgical repair to her fractured left hip. no family membe
VladimirAG [237]
The correct answer in the choices above is that all of the responses are correct, it is because the nurse, social workers and physicians could help in securing the placement of the client in the rehabilitation center when there is no guardian present. For they may be able to provide the client's needs even if the guardian is not present or with the client.
5 0
3 years ago
A ______ establishes a company's financial and strategic objectives, and provides a set of guidelines for achieving the desired
inysia [295]

Answer:

strategic plan

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Typically, to formulate strategies that are well aligned with the mission of an organization or business firm, some of the activities that needs to be performed includes the following;

1. Knowing your core competencies: this involves identifying your strengths such as knowledge, technology, underlying skill, experience, ability or process that enables you to perform exceptionally and provide a unique set of products or services that meets the needs of your customers.

2. Assessment of the organization's internal strengths and weaknesses: it gives an organization certain advantages, edge and disadvantages in meeting the needs of various customers by analyzing their strengths, weaknesses, opportunities and threats (SWOT).

3. Examination of the organization's external environment: this involves examining and identifying all the factors outside of an organization that affects its performance such as customers, government policies, competitors etc.

4. Analyze your competitors: organization should ensure they are always a step ahead of the their competitors in the industry.

In conclusion, a business strategy or strategic plan sets the overall direction for an organization or business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

8 0
3 years ago
The purpose of a statement of retained earnings is to: __________.
marusya05 [52]

Answer:

To determine the closing balance of retained earnings

Explanation:

First and foremost, retained earnings are an important part of the shareholders' equity. In a bid to ascertain the correct position of total shareholders' equity at year-end, it is important that a statement of retained earnings reconciling the opening retained with net income and dividends declared during the year is prepared.

The balance at the end of the year is the total accumulated earnings which have not been distributed to shareholders as dividends or which may be used to finance projects that increase shareholders' wealth

4 0
3 years ago
Amanda Roberts works a Monday Through Friday work week at a rate of 8.75$ per hour. She takes a 1 hour lunch break. If she clock
netineya [11]
She works 8 hour and 30 minutes a day - 1hr of lunch break is 7hrs and 30 min

7hrs =$61.25
30min =$4.375
$61.25 + $4.375 =$65.625
62.625(money made in one day) x 7 days a week = $459.375
Answer $459.375
5 0
3 years ago
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