All categories

3 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 l<span>ong as the customer cont<span>inues to buy merchandise, and the rule that says that it should not greatly exceed the discount period. </span></span>

You might be interested in

Lindsay is Jon's manager and calls him into her office after everyone else has gone home for the day. She closes the door and te

Ostrovityanka [42]

Answer: Lindsay has not committed a defamation tort

Explanation:

Defamation is when the reputation of an individual in being damaged. In s case whereby one believes that his or her reputation has being damaged by another person, the person sue under the defamation theory.

In the analysis above, we can deduce that Lindsay has not committed a defamation tort.

5 0

3 years ago

A lease calls for a minimum rent of $2800 per month plus 4% of annual gross sales in excess of $500,000. What is the annual rent

bonufazy [111]

Answer:

The annual rent is $42,620

Explanation:

The computation of annual rent is shown below:

= Annual rent + (rate × gross sales)

where,

The annual rent is

= Monthly rent × total number of months in a year

= $2,800 × 12

= $33,600

The rate is 4%

The excess gross sales is computed by

= Annual gross sales - gross sales

= $725,500 - $500,000

= $225,500

Now put these values to the above formula

So, the answer would be equal to

= $33,600 + (4% × $225,500)

= $33,600 + $9,020

= $42,620

Hence, the annual rent is $42,620

8 0

3 years ago

the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable a

melisa1 [442]

It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.

<h3>What do you mean by information age?</h3>

The concept of the "Information Age" holds that having access to and control over information characterizes the current phase of human civilization. This is the Information Age. The world as we know it today is a product of all the eras from the Stone Age to the Industrial Revolution.

Hence, It is absolutely correct to state that the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.

learn more about information age:

brainly.com/question/13455564

#SPJ4

"Your question is incomplete, probably the complete question/missing part is:"

TRUE OR FALSE: the greatest challenge of researching in the information age is managing our flow of knowledge to ensure we encounter reliable and useful information.

4 0

1 year ago

Gross Earnings are the same as:

meriva

Gross income, or gross profit I think

8 0

3 years ago

The total direct materials purchases of materials A and B (assuming no beginning or ending material inventory) required for July

creativ13 [48]

The total direct materials purchases of materials A and B (assuming no beginning or ending material inventory) required for July production is: 1. $1,080,000 for A; $648,000 for B

<h3>What is inventory?</h3>

Inventory, also known as stock, refers to the goods and materials that a company keeps for the purpose of resale, production, or use. Inventory management is primarily concerned with specifying the shape and placement of stocked goods.

There are four types of inventory: raw materials/components, work in progress (WIP), finished goods, and maintenance and repair (MRO).

Inventory valuation methods include FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost).

Manufacturers have three kinds of inventory. They are raw materials (that have yet to be worked on), work-in-progress (that is currently being worked on), and finished goods (which are ready for shipping).

To know more about inventory follow the link:

brainly.com/question/24868116

#SPJ4

6 0

2 years ago