Answer:
Accounts receivable
Explanation:
Accounts receivable is the money owed by a company to its debtors. They are usually legal payments for goods and services procured in credit without paying for them.
- The franchise is treated as the debtor in this deal.
- Miller is owed an account receivable of $18000
- A common example is water and electricity bills.
- Such goods are supplied before they are paid for.
Answer:
Option C is correct one.
Explanation:
Greg recognizes no loss last year and a $4,000 loss this year.
Answer:
The assembly line efficiency is 4.17% (to 2 decimal places)
Explanation:
Efficiency is a measure of productivity that is used to determine how well a target is achieved, by finding the ratio of the actual output to the expected output. In this example, the number of units is the output of the assembly line, and the assembly line efficiency is calculated as follows:
Assembly line efficiency = (actual output) /(required output) × 100
actual output = 25 minutes
if 5 minutes = 1 unit
∴ 25 minutes = 1/5 × 25 = 5 units
∴ actual output = 5 units
required output = 120 units
∴ efficiency = 
= 4.17%
Answer: Exclusive distribution
Explanation: In simple words, it refers to an arrangement in which the manufacturer gives an exclusive right to a distributor to sell his or her product. No other distributor can sell that product in the market.
In the given case, Jennifer and Marc have given special right to Kohl's for selling the special fashion line they have established.
Hence from the above we can conclude that they have exclusive distribution arrangement.
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
