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3 years ago

A company reports the following:

Business

1 answer:

fredd [130]3 years ago

7 0

Answer:

a. 15 times

b. 24.3 days

Explanation:

The computation is shown below:

a. Accounts receivable turnover

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable

= $3,150,000 ÷ $210,000

= 15 times

b. Number of days sales in receivables = Total number of days in a year ÷ accounts receivable turnover ratio

= 365 days ÷ 15 times

= 24.3 days

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Answer:

An electronic record

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3 years ago

Amounts withheld from each employee for social security and medicare vary by state.

satela [25.4K]

It is False.

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1 year ago

A plant is proposing to install a combined heat and power system to supply electrical power and process steam. Power is currentl

Degger [83]

Answer:

Cumulative net present value of the project is:

= $33.5 million.

The discounted cash flow rate of return is:

= 26%

Explanation:

a) Data and Calculations:

The capital cost of the combined heat and power system = $23 million

Expected net savings per year = $10 million

Project period = 10 years

Discount rate = 12%

Annuity PV factor for 10 years at 12% = 5.650

Total PV of the cash flows = $56.5 million (5.650 * $10 million)

NPV of the project = $33.5 million

Annualized NPV = $33.5 million/5.650

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Discounted cash flow rate of return = Annualized NPV/Investment * 100

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3 years ago

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Lera25 [3.4K]

Answer:

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3 years ago

LO 7.1What are the advantages and disadvantages of the bottom-up budgeting approach?

geniusboy [140]

Answer:

The following are the disadvantages and the advantages of bottom-up budgeting approach are as follows:

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3 years ago