Answer:
Jamie Lee should call her credit card company and ask them to stop payment for the television since the company has refused to accept a return of the television.
Explanation:
The Fair Credit Billing Act is a law that protects customers from different types of disputed charges. According to this law an individual has the right to stop the payment of a service he/she is not completely satisfied with.
This law protects a customer from unfair billing practices such as errors in calculation, wrong address. This law only applies to customers that have a credit card. This law is very important because it enables a customer to withhold payment for displeased services.
Answer and Explanation:
The computation is shown below:
As we know that
1. Return on assets is
= Net income ÷ avg total assets
where,
Avg total assets is
= (opening total assets + closing total assets) ÷ 2
= ($6,806.4 + $6,899.2) ÷ 2
= $6,852.8
Now return on asset is
= $481.6 ÷ $6,852.8
= 7.0%
2. Assets turnover ratio = net sales ÷ avg total assets
= $17,371.2 ÷ $6,852.8
= 2.5 times
3. Profit margin = net income ÷net sales
= $481.6 ÷ $17,371.2
= 2.8%
Answer:
a.is an estimate of the length of time the receivables have been outstanding.
Explanation:
The average collection period can be calculated as follows: 365 days in a year divided by the accounts receivable turnover ratio.
Days sales uncollected = Average Account receivable/Net sales*365
A short collection period means prompt collection and better management of receivables. A longer collection period may negatively affect the short-term debt paying ability of the business in the eyes of management.
Answer:
$ 52
Explanation:
Given data:
Price of the stock = $ 50
Commission per share = $ 2
Dividends received = $ 2
Now,
the dividends received is not the part of the stock's cost basis, but it is included in the taxable income for the year.
Therefore,
The customer's cost basis in the stock
= Price of the stock + commission per share
or
= $ 50 + $ 2
or
customer's cost basis in the stock = $ 52
Risk evaluation involves rating the risks that may happen based on the likelihood of them happening. Risk evaluation also involves rating these potential happenings based on the impact they could have on the business. Evaluating risk is a step in the creative process of risk management.
