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Ymorist [56]
3 years ago
14

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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A decade ago the government of Weinsland decided to liberalize the country's economy. As a result, today the country is experien
Georgia [21]

Answer:

As the country gets richer, there will be a shift in the society from "traditional" to "secular rational" values

Explanation:

In this scenario Weinsland decided to liberalize the country's economy. This will reduce government regulation on the economy and increase participation of private entities.

Liberalisation encourages economic growth.

Traditional conservative values are passed from generation to generation, and change only a little over time.

Secular rational values on the other hand embrace an ever changing economic environment where innovation constantly changes acceptable ways of doing things

6 0
3 years ago
Mr. Etemadi has prepared the following list of statements about service companies and merchandisers.
lions [1.4K]

Answer:

1.True

2.False

3.True

4.True

5.False

6.False

7.True

8.False

Explanation:

1. Measuring net income for a merchandiser is conceptually the same as for a service company.

Net Income = Sales - Expenses

2. For a merchandiser, sales less operating expenses is called gross profit.

Gross Profit = Sales less Cost of Sales

3. For a merchandiser, the primary source of revenues is the sale of inventory.

Merchandiser purchases inventory for resale.

4. Sales salaries and wages is an example of an operating expense.

Operating Expenses are expenses incurred to derive income in primary activities of a company

5. The operating cycle of a merchandiser is the same as that of a service company.

The service company can have client work outstanding at end of year but this differs from that of a merchandiser

6. In a perpetual inventory system, no detailed inventory records of goods on hand are maintained.

Detailed records are kept after every sale

7. In a periodic inventory system, the cost of goods sold is determined only at the end of the accounting period.

After a given period cost of sales and inventory balances are determined -opposite of perpetual

8. A periodic inventory system provides better control over inventories than a perpetual system.

Perpetual is even better as it keeps track of both inventory and cost of goods sold after every sale

6 0
3 years ago
An investment advisory firm does its own research, using a group of dedicated employees and has a separate staff of investment a
katen-ka-za [31]

OPTIONS:

A. establish a Chinese Wall between the research personnel and the sales personnel

B. register both the research personnel and the sales personnel in each State where the IA's services are offered

C. cross-train the research personnel and the sales personnel in each other's functions so that in the event of a confidentiality breach, one can take over the functions of the other

D. establish two separate IA firms registered with the State with one only having research personnel and the other only having sales personnel

Answer: A. establish a Chinese Wall between the research personnel and the sales personnel

Explanation: In a bid to maintain confidentiality and avoid leakage of vital information, there must be a barrier between the research personnels who makes findings on investment opportunities and packages for client needs and the sales personnels. This is because, research and investment informations are treated as classified and leakage could lead to bias, whereby some consumers will get the information and make moves before other consumers are informed via official release by the firm.

4 0
3 years ago
What cost of living?<br> Need help please
Nezavi [6.7K]
Around 56 thousand and 65 thousand dollars, I think
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3 years ago
A fundamental aspect of _____ is that it effectively conducts global business by providing an individual the right to freedom of
Rus_ich [418]

Answer:

<u>Democracy.</u>

Explanation:

Democracy is a social organization characterized by popular influence and participation in the political decision-making process. In the democratic regime, the people are free to choose their rulers through votes.

It can be defined in a broader context as a constitutional, electoral and administrative order, the foundations of which must be established according to a social system. Some fundamentals of democracy are:

  • Freedom of expression and opinion of the individual.
  • Freedom of expression and political opinion of the individual.  
  • Equal political rights and favorable opportunities for the people and parties to speak out on decisions of general interest.
5 0
3 years ago
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