Answer:
$2,500,000
Explanation:
The computation of the sales amount is shown below:
= Average account receivable balance × total number of days in a year ÷ days sales outstanding
= $500,000 × 365 days ÷ 73 days
= $2,500,000
We simply apply the unitary method for this question that is shown above in the calculation part i.e multiplying the total number of days in a year by the average account receivable balance and then divided it by the days sales outstanding
Answer: E. crude oil refinery purchasing a firm engaged in drilling and exploring for oil.
Explanation:
Backward integration occurs when Company A acquires Company B because Company B produces the inputs that goes into the manufacturing of the goods produced by Company A.
In the scenario in option E, a crude oil refinery produces goods such as gasoline and other types of fuel but they do this by refining crude oil which is what the firm that they purchased is engaged in acquiring. This is therefore backward integration.
The very first thing to do when conducting any study or in
this case a market research is to “define the problem to be researched”. There
is no point in doing a study when we don’t have a clear goal of what to
question to answer. Therefore this must be what the teams need to do.
Answer:
<span>“define the problem
to be researched”</span>