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Ira Lisetskai [31]
3 years ago
13

Oral Roberts Dental Supplies has annual sales of $5,625,000. 80% are on credit. The firm has $475,000 in accounts receivable. Co

mpute the value of the average collection period.
Business
1 answer:
max2010maxim [7]3 years ago
8 0

Answer:

The answer is 38 days

Explanation:

The average collection period is the number of days it takes a company to convert its credit sales to cash

Average collection period = (account receivables/average credit sales) x 360 days

Credit sales = 80% of $5,625,000

=0.8 x $5,625,000

=$4,500,000.

Average collection period is therefore,

($475,000/$4,500,000) x 360 days

=0.10555556 x 360days

=38 days

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Ye’ Olde Barrel Shop sells oak barrels to a local winery. The Master Cooper would like to reduce her oak lumber inventory by d
mihalych1998 [28]

Answer:

The EOQ is 642

The reorder point is 2,699

Explanation:

In order to calculate the EOQ we would have to calculate the following formila:

EOQ=√2DS/H

According to the given data we have the following:

D = 55,000

S = 21

H=40%*purchase cost

H=0.4*14 = 5.6

Therefore, EOQ=√(2*55,000*21)/5.6

EOQ=642

To calculate the reorder point If a service level of 98% is desired during the reorder interval, we would have to use the following formula:

reorder point=dL+z√σ∧2dL+σ∧2Ld∧2

reorder point=(7*205.22)+√(2.05*√(5∧2*7)+(3∧2*205.22∧2)

reorder point=2,699

7 0
3 years ago
News or program on TV. Reliable or relevant
allochka39001 [22]

Answer:

<u>Relevant</u>

Explanation:

News, and / or programs on TV, is how media, and the government gives information and influences people. It is relevant for the reason that outlets are trying to influence the viewers, but it is not always reliable. The news, and commercials shown on TV are not always reliable. Politicians may put things on TV, or news that is not necessarily true, or reliable. News outlets also do the same thing. News is notorious for spewing false information. And not only on our presidents an politicians. The point of news is to basically exaggerate things to get hold of the viewers attention more.

:))

5 0
3 years ago
1
Katarina [22]

Answer:

E

Explanation:

3 0
3 years ago
Marcel works in the linen department of a large department store. When a customer arrives to collect a tablecloth that she had s
galben [10]

Answer:

The correct answer is B

Explanation:

Delivery gap is the gap which is the difference among the service delivery policy and the standard and the actual delivery of the product or the service.

Marcel works in the department of linen, so when the customer reaches the store for collecting the tablecloth ordered by her but got disappointed by knowing that the delivery has been delayed. Therefore, Marcel is trying to cover the delivery gap by offering that the product will be delivered to the residence of the customer.

5 0
3 years ago
​__________ refers to the division of the economy into two areas of employment: a primary sector or upper tier, composed of high
Sedaia [141]
The answer is Split Labor Market Theory. This was proposed by humanist Edna Bonacich in the mid 1970s as an endeavor to clarify racial/ethnic strains and work showcase division by race/ethnicity as far as social structure and political power as opposed to singular level preference.
8 0
3 years ago
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