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Oksana_A [137]
2 years ago
11

The Perry Company reported Accounts Receivable, Net of $64,400 at the beginning of the year and $73,700 at the end of the year.

If the company's net sales revenue during the fourth year was $898,000, what are the days to collect during year? (Round all calculations to 1 decimal place.)
Business
1 answer:
bija089 [108]2 years ago
3 0

Answer:

28.06

Explanation:

The formula for calculating this is,

(Average Account Receivable / Net Sales Revenue) * 365

Hence the answer is calculated as:

(69050 / 898000) * 365 = 28.06.

Hope this helps.

Good Luck.

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The spherical bubbles near the surface of a glass of water are 2.5 mm in diameter at sea level where the atmosphere exerts a pre
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Answer:

145

Explanation:

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3 years ago
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A T-bill quote sheet h
VashaNatasha [74]

Answer:

1) B

2) A

3) D

Explanation:

1) Discount yield(%) = Face value - Purchase value/Face value X 360/Maturity ( in days) X 100%

Discount yield (quote) = 5.11; Face value = $10,000; Let Purchase value =  x; Maturity = 90 days

(5.11)% = $(10,000 - x)/$10,000 X 360/90 X 100%

5.11 = 400(10,000 - x)/10,000

x = 4,000,000 - 51100/400 = 3,948,900 = $9,872.25

3) Face value = $10,000; Purchase value = $9,850; Maturity = 120 days

Investor's bond equivalent yield(%) = $(10,000 - 9,850)10,000 X 360/120 X 100%

= 45/10 = 4.5%

4 0
3 years ago
Which department managers in a hotel would benefit from understanding a bit about financial management? What should they know? W
dolphi86 [110]

Department managers in a hotel would benefit from understanding a bit about financial management in the following way

Explanation:

  • Teamwork: Almost every job within the hospitality industry involves teamwork. ...
  • Multi-tasking: No day is the same within the hospitality industry. ...
  • Flexibility: ...
  • Attention to Detail: ...
  • Industry Awareness: ...
  • Time Management: ...
  • Communication: ...
  • Interpersonal Skills:

Financial management includes

  • Financial management requires forecasting various elements such as demand, inventory availability, market share, and total market.
  • Revenue management is an extremely important concept within the hospitality industry, because it allows hotel owners to anticipate demand and optimise availability and pricing, in order to achieve the best possible financial results.
  • Revenue Management is the application of analytics that predicts consumer behaviour at the micro-market level to optimise product availability and price to maximise revenue growth. The primary aim of a revenue management strategy is selling the right product to the right customer at the right time for the right price.
5 0
3 years ago
Assume that each unit demanded generates $70 in revenue and that each unit ordered costs $50. How much will the company gain or
Vanyuwa [196]

Answer:

Note: The full question is attached as picture below

a. Let X is denoted as company’s monthly demand, P(X=x) is denoted as the probability of the company’s monthly demand.

The expected value is obtained below:

E(X) = (300*0.20) + (400*0.30) + (500*0.35) + (600*0.15)

E(X) = 60+120+175+90

E(X) = 445

b. The expected value of the monthly demand is 445. The each unit demands the revenue to generate is $70 and their cost is $50.

The gain/loss of the company = (300*(70−50)) - (145*50)

The gain/loss of the company = (300*20) - (145*50)

The gain/loss of the company = 6,000 - 7,250

The gain/loss of the company =−$1,250(Loss)

4 0
2 years ago
Chen Company’s Small Motor Division manufactures a number of small motors used in household and office appliances. The Household
liq [111]

Answer:

a. $11

b. $35

c. If the transferring division does not have excess capacity,this would mean that some units that could have been sold externally would be transferred internally and this creates an opportunity cost. Opportunity costs increase the transfer price.However no opportunity cost exist if transferring division has excess capacity and hence a lower transfer price.

Explanation:

The minimum acceptable price is the price that is acceptable to the transferring division and out of a range of acceptable prices, it is that which would be the best for the company.

When there is excess capacity.

Note : No opportunity costs would exist.

Minimum acceptable price = Variable Cost - Internal Savings + Opportunity Cost

                                            = $11

When there is excess capacity.

Note : Opportunity costs would exist.

Minimum acceptable price = Variable Cost - Internal Savings + Opportunity Cost

                                            = $11 + ($35 - $11 )

                                            = $35

Why Capacity of transferring division (Small Motor Division) has an effect on the transfer price.

If the transferring division does not have excess capacity,this would mean that some units that could have been sold externally would be transferred internally and this creates an opportunity cost. Opportunity costs increase the transfer price.However no opportunity cost exist if transferring division has excess capacity and hence a lower transfer price.

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