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Solnce55 [7]
3 years ago
13

The financial statements of Danielle Manufacturing Company report net sales of $600,000 and accounts receivable of $60,000 and $

90,000 at the beginning and end of the year, respectively. What is the average collection period for accounts receivable in days
Business
1 answer:
allochka39001 [22]3 years ago
4 0

Answer:

45.63 days.

Explanation:

The average collection period is the time measured in days that the company have to wait until all of its accounts receivable have been perceived. If the have sold 600,000 dollars between the beginning and the end of the year, and they have an average of 75,000 in accounts receivable ((60,000+90,000)/2), that means the accounts receivable accumulate 45.63 days of sales (75,000*365/600,000), or that they have to wait 45.63 days until they collect all the credits.

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The Academic Computing Center has five trainers available in its computer labs to provide training sessions to students. Assume
kogti [31]

Answer:

87.72%

Explanation:

Calculation to determine the ratio of the utilization of the system to its efficiency

Using this formula

Ratio=Orientation session/Effective capacity of the Academic*100

Let plug in the formula

Ratio = (1,500 / 1,710) * 100

Ratio= 0.8772 * 100

Ratio= 87.72%

Therefore the ratio of the utilization of the system to its efficiency will be 87.72%

4 0
3 years ago
Pacific Cruise Lines is a defendant in litigation involving a swimming accident on one of its three cruise ships.
tino4ka555 [31]

Answer:

See attached accounting entries.

Explanation:

For question 1, the likelihood of a payment occurring is probable, the is chance that Pacific Cruise Lines will pay liability as such estimated amount of $1.29 million should be set aside.

For question 2, the likelihood of a payment occurring is probable, the is chance that Pacific Cruise Lines will pay liability as such estimated maximum amount of $1.29 million should be set aside.

For question 3, the likelihood of a payment occurring is reasonably probable, the is chance that Pacific Cruise Lines will pay liability as such estimated amount of $1.29 million should be set aside.

For question 3, the likelihood of a payment occurring is remote, that is, there little relationship with this case that cause Pacific Cruise Lines being liable to pay as such potential amount of $1.29 million should be set aside.

Download xlsx
3 0
3 years ago
A minor bought an Ernie Banks baseball card from a baseball card store. The card was marked $12, and the inexperienced clerk who
krok68 [10]

Answer: No. The owner cannot get the card back because of the minor’s lack of capacity

Explanation:

From the information given, we are told that a minor bought a baseball card from a baseball card store for $12, even though the price was $1,200.

It should be noted that the owner cannot get the card back based on the minor’s lack of capacity. In this case, the idea is to protect the minor, therefore the minor who bought the baseball card is the one that can disaffirm or cancel the contract. In this case, the adults are bound to the contract.

The baseball card will only be gotten if the minor wishes to give it back.

4 0
3 years ago
During 2017, Sheridan Company expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Sheri
vovangra [49]

Answer:

The $885,000 was transferred to Finished Goods

Explanation:

The computation of the transferred amount to finished good is shown below:

= Material used + labor cost + overhead cost

where,

Overhead cost = (Expected overhead ÷ estimated labor) × actual labor cost

= ($300,000 ÷ $200,000) × $150,000

= 1.5 × $150,000

= $225,000

The other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

= $510,000 + $150,000 + $225,000

= $885,000

3 0
3 years ago
An example of a poor study environment is a place with
juin [17]

Answer:

A place with a lot of noise, poorly lit, and distractions

6 0
3 years ago
Read 2 more answers
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