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Ymorist [56]
4 years ago
14

A company reports the following:

Business
1 answer:
fredd [130]4 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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21. GJ Company, a manufacturer, has provided the following information pertaining to its recent year of operation: • Net income,
7nadin3 [17]

Answer: $545,000

Explanation:

Using the indirect method of formatting the Cash flow statement, the cash from operating activity is:

= Net income + Depreciation + Loss on sale of depreciable asset  + Patent amortization expense + Accounts receivable decrease +  Wages payable increased - Accounts payable decrease - Prepaid assets increased - Unearned revenue decrease

= 500,000 + 53,000 + 31,000 + 5,000 + 41,000 + 19,000 - 42,000 - 31,000 - 31,000

= $545,000

3 0
3 years ago
the ability to influence employees to voluntarily pursue organizational goals is referred to as ______.
OLga [1]

Answer:

leadership

Explanation:

The ability to influence employees to voluntarily pursue organizational goals is referred to as leadership.

3 0
3 years ago
How can the Early Modern English expression "unfold yourself" be paraphrased to better understand its meaning? put your arms up
Bond [772]

The way the Early Modern English expression <em>"unfold yourself" </em>can be <em>paraphrased</em> to better understand its meaning is:

  • By explaining the context in which it was used and how it means that a person should reveal himself.

This Early Modern English expression is used in the <em>play Hamlet by Shakespeare</em> where a character was wearing a cape and was <em>asked to "unfold himself"</em> which meant to reveal himself.

This is important to note that while this was the <em>original context </em>in which the phrase "unfold yourself" was used, it <em>can also be used</em> to tell a person to be more elaborate about something but evidently means that a person should remove his cape.

With this in mind, this can be paraphrased in this sense:

  • Andrew, unfold yourself, I need to see who I am speaking to.

Therefore, the correct answer is Remove your cape, option C.

Read more about English expressions here:

https://brainly.in/question/11369930

3 0
2 years ago
Read 2 more answers
During the third quarter of this year a firm produces consumer goods and adds some of those goods to its inventory. During the f
MatroZZZ [7]

Answer:

The correct answer is B. They increase consumption and decrease investment.

Explanation:

It should be taken into account that in the fourth quarter of the year the company did not produce any type of consumer goods, it only did so in the third quarter and subsequently sold them. For this reason there was an increase in consumption when acquired by consumers, and the investment decreased because they were goods produced in another period.

4 0
3 years ago
Tatsuo has just been awarded a four-year scholarship to attend the university of his choice. The scholarship will pay $9,000 eac
a_sh-v [17]

Answer:

Value of scholarship today = $30,484.90

Explanation:

The value of the Scholarship is the present value of the annual payment of $9,000 discounted as the annual interest rate of 7% per annum.

This can be computed using the formula below

Present Value = Annual cash flow ×  (1- (1+r)^(-n)/r)

n -number of years, r-interest rate

rate r- 7%, n=4, Annual  cash flow = 9,000

Present Value = 9,000× (1-1.07^-4)/0.07

                      = 9,000× 3.3872

                      = $30,484.90

Value of scholarship today = $30,484.90

4 0
3 years ago
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