How have the general ideologies of each major party change over time?

"A firm has $400,000 in credit sales and $100,000 in accounts receivable. Compute accounts receivable turnover and average numbe

erastova [34]

Answer:

45 days

Explanation:

Data provided

Credit Sales = $400,000

Accounts receivable turnover ratio = Credit Sales ÷ Average Accounts Receivables

= $400,000 ÷ ($100,000 + 0) ÷ 2

= 8 times

Average number of collection days = 360 ÷ Accounts Receivable turnover ratio

= 360 ÷ 8

= 45 days

Therefore for computing the average number of collection days we simply divide accounts receivable turnover ratio by 360.

7 0

3 years ago

Let’s suppose you (USA dealer) imported a product from German on Dec 1, 2018 at € 300, payable in 60 days. You sold the product

Andrej [43]

Answer:

Combine profit of 2018 and 2019 is $200 + (-$100 loss) = $100 profit.

Explanation:

The value of imported product from Germany as on 1st Dec. 2018 = 300 Euro

The exchange rate as on 1st Dec. 2018 = 0.6 Euro/Dollars

The value of imported product in dollars = $\frac{300}{0.6} = 500 dollars.$

Since product sold in cash for $400 as on 15th Dec.

Since fiscal year end on 31st Dec. So, find the profit and loss.

Profit and loss = Sold price - Product price in dollars

Profit and loss = $400 - $500

Thus, loss for the year 2018 = $100

Now the dealer will pay on 1st Feb 2019 and on this date the exchange rate is 1.5 Euro/Dollars. The dealer have to pay the 300 Euro. So,on 1st Feb the value of 300 Euro in dollars will be: $= \frac{300}{1.5} = $200.$

Now, dealer will pay only $200 which is equal to 300 Euro. However, dealer had received $400 from sale. So. Profit is $400 - $200 = $200.

Thus, the loss of 2018 is $100 and profit of 2019 is $200.

Combine profit of 2018 and 2019 is $200 + (-$100 loss) = $100 profit.

8 0

3 years ago

Under a ________ marketing system, independent production and distribution firms integrate their efforts on a contractual basis

kotykmax [81]

Answer:

contractual vertical

Explanation:

A vertical marketing system can be defined as a form of cooperation that exists between the different levels that makes up a distribution channel. The individuals in the channel ensure that they work in unity inorder to accelerate the rate of efficiency.

The three elements that constitutes a a vertical marketing system include:

- Producer

- Wholesaler

- Retailer

In a corporate vertical marketing system a single organization is responsible for production, development, marketing, and distribution of a particular product. All levels of the distribution channel is handled by a single company.

8 0

3 years ago

Aurora Corporation operated without insurance coverage for the first month of operations. Then, on February 1, the company paid

irina1246 [14]

Answer:

Answer:

Correct answer is letter B, $2,200

Explanation:

Using accrual basis method, revenue and expenses will be recognized when incurred whether paid (expenses) nor collected (revenues).

The $4,800 is a 24 months policy, therefore we must compute the insurance expense applicable for the year covering from February 1 to December 31 (11 months)

$4,800 divided by 24 months = $200 insurance per month multiply by 11 months expired portion (February 1 to December 31) = $2,200.

An adjusting entry to recognize the expire portion of the insurance must be done at the year end in the amount of $2,200.

($4,800 / 24 months = $200 x 11 months = $2,200)

5 0

3 years ago

The present value of cash flow will be greater if we compound less frequently holding the stated interest rate constant. a. true

Fittoniya [83]

The present value of cash flow will be greater if we compound less frequently holding the stated interest rate constant. true

<h3>What is interest rate constant?</h3>

A proportion that compares a loan's annual debt service to the sum of its principal is known as a loan constant. The annual debt service is divided by the total loan amount to determine a loan constant. Borrowers can compare the loan constants of several loans when looking for a loan before choosing one. The loan with the lowest loan constant will have reduced debt service obligations, resulting in a shorter length of time during which the borrower will pay less in interest and principal. Only loans with fixed interest rates are subject to loan constants; loans with variable interest rates are not.

A loan constant is a ratio that illustrates the annual debt service of a loan in relation to the entire loan principal.

To learn more about interest rate constant from the given link:

brainly.com/question/9232010

#SPJ4

7 0

1 year ago