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4 years ago

General rule to use in assessing the average collection period is that

1 answer:

4 0

The general rule you are refering is that it should not exceed greatly the credit term period. Rules that do not apply in this case is the 30 days exceed rule, the rule that says that it can be any length as long as the customer continues to buy merchandise, and the rule that says that it should not greatly exceed the discount period.

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Write out two uses of oxygen

vaieri [72.5K]

Answer: Common uses of oxygen include production of steel, plastics and textiles, brazing, welding and cutting of steels and other metals, rocket propellant, oxygen therapy, and life support systems in aircraft,submarines, spaceflight and diving.

Explanation:

3 0

3 years ago

Russell's Hardware has inventory of $218,000, equity of $421,800, total assets of $647,700, and sales of $587,200. What is the c

ELEN [110]

Answer:

B. 33.66 percent

Explanation:

The common-size analysis involves comparing income statement items to revenue while balance sheet items are related to total assets, hence, the inventory account is a balance sheet item that would need to compared to total assets.

Common-size percentage= inventory/total assets.

inventory=$218,000

total assets=$647,700

Common-size percentage=$218,000/$647,700

Common-size percentage=33.66%

8 0

3 years ago

You own a stock portfolio invested 32 percent in Stock Q, 19 percent in Stock R, 38 percent in Stock S, and 11 percent in Stock

olasank [31]

Answer:

Portfolio beta = 1.2963

Explanation:

The portfolio beta is the function of the weighted average of the individual stock betas that form up the portfolio. The formula to calculate the beta of a portfolio is as follows,

Portfolio beta = wA * Beta of A + wB * Beta of B + .... + wN * Beta of N

Where,

w represents the weight of each stock in the portfolio

Portfolio Beta = 0.32 * 1.01 + 0.19 * 1.07 + 0.38 * 1.47 + 0.11 * 1.92

Portfolio beta = 1.2963

4 0

3 years ago

Which of the following examples is NOT a trust indorsement?

konstantin123 [22]

Answer:

a. Rao indorses his payroll check in blank.

Explanation:

There are many types of indorsements, and out of them one is "Trust Indorsement"

Trust Indorsement is an indorsement to a person who can use the funds for the benefit of the indorser.

Example:

Brian indorses a check to his employee Denny "Payable to Denny, as agent for Brian", This is an example of trust indorsment.

Option b and c are clearly examples of trust indorsements in which you can notice that Rao has indorsed his lawyer and accountant "as agent for Rao".

Whereas, option a is NOT a trust indorsment but rather a "Blank Indorsement"

Blank Indorsment is an indorsement that doesn't have any particular indorsee and only has a signature on it.

7 0

3 years ago

Texas Roadhouse opened a new restaurant in October. During its first three months of operation, the restaurant sold gift cards i

Lostsunrise [7]

Answer:

To record the sales of gift cards

Dr Cash 3,500

Cr Unearned revenue 3,500

To record the redemption of sales cards

Dr Unearned revenue 728

Cr Sales revenue 700

Cr Sales taxes payable 28

The balance of the unearned revenue account:

Debit Credit

$3,500

$728

$2,772

The unearned revenue account has a $2,772 credit balance on December 31.

Both unearned revenue and sales taxes payable are liability accounts that have a credit balance.

4 0

3 years ago