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gulaghasi [49]
3 years ago
12

the difference between what it costs to make and sell a product and what a customer pays for is referred to as

Business
1 answer:
Bas_tet [7]3 years ago
3 0

Answer:

<em>The</em><em> </em><em>difference</em><em> </em><em>between</em><em> </em><em>what</em><em> </em><em>it</em><em> </em><em> costs to make and</em><em>sell a product and what a customer pays for is referred to as</em>

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A firm has sales of $1.8 million, and 20 percent of the sales are for cash. The year-end accounts receivable balance is $225,000
Juliette [100K]

Answer:

The average collection period is 56.25 days

Explanation:

The average collection period is the number of days' sales in receivables and calculated by using following formula:

The number of days' sales in receivables = 360/Accounts receivable turnover ratio

Accounts Receivable Turnover = Net Credit Sales/Accounts Receivable

Net Credit sales = Total Sales - the sales are for cash = $1,800,000 - 20% x $1,800,000 = $1,440,000

Accounts Receivable Turnover = $1,440,000/$225,000 = 6.4 times

The number of days' sales in receivables = 360/6.4 = 56.25 days

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3 years ago
What are the four components used to calculate Gross Domestic Product
sesenic [268]
<span>Personal consumption expenditures.Investment.Net exports.Government expenditure.</span>
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3 years ago
Liam is a computer system analyst and is looking to change to a company that offers more opportunities for advancement. He has j
Katyanochek1 [597]

Answer:

C

Explanation:

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Job 2

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100,000+2,500-( 3,150*12)=  64,700

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4 years ago
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Answer:

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3 years ago
"All three levels are required to run an organization or a business smoothy"Justify the statement.​
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