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malfutka [58]
3 years ago
12

The 2018 financial statements of BNSF Railway Company report total revenues of $19,548 million, accounts receivable of $1,189 mi

llion for 2018 and $955 million for 2017. The company’s accounts receivable turnover for 2018 is:A) 16.4 daysB) 20.5 timesC) 18.2 daysD) 18.2 timesE) None of the above
Business
1 answer:
Vitek1552 [10]3 years ago
3 0

Answer:

D) 18.2 times

Explanation:

The accounts receivable turnover is determined by dividing the total credit revenues by the average receivables.

The average receivables is the sum of the opening and closing receivable balances divided by 2.

The average receivables is  ( $ 1,189 + $ 955) / 2 =  $ 1,072

The total revenues in the absence of other information is considered as credit sales.

Average receivables turnover      = $ 19,548  /  $ 1,072  = 18.24 times    

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The New Fund had average daily assets of $2.2 billion in the past year. New Fund's expense ratio was 1.1% and the management fee
kvasek [131]

Answer: A. $15.4 Million

B. $8.8 million

Explanation:

a. What were the total fees paid to the fund's investment managers during the year?

This will be:

= Average daily assets × Management fee

= $2.2 billion × 0.7%

= $15.4 million

b. What were the other administrative expenses?

The total expense that's incurred for managing the fund will be:

= $2.2 billion × 1.1%

= $24.2 million

Therefore, the other administrative expenses will be:

= $24.2 million - $15.4 million

= $8.8 million

6 0
2 years ago
The Polaris Company uses a job-order costing system. The following data relate to October, the first month of the company’s fisc
adelina 88 [10]

Answer:

tru

Explanation:

4 0
3 years ago
You are a valuable member of the student store staff. You handle many of the cash box transactions, moving the daily cash betwee
jasenka [17]

Answer:

I can put a call through to the organisers of the trip explaining that I have cash but it's not within reach and that if they reserved the spot for me, they'd get the money as soon as I can access it. Given that I am a valuable member of the student store staff, that reputation should count in times like this.

To borrow money from the cashbox would be a huge ethical risk and can easily be termed mismanagement of funds especially where the store policy does not allow such.

My value in the store lies largely on my integrity and the trust they students have invested in my person.

I'd rather miss the road trip than make a regrettable unethical decision.

Cheers!

7 0
3 years ago
You want to purchase a new motorcycle that costs $29,800. The most you can pay each month is $510 over the life of the 78-month
TiliK225 [7]

Answer:20,5369%

Explanation:We know APR is the Annual Percentage Rate that is paid over a loan. If we are to pay during 78 months at most $510 each month, then we could pay in total 510*78=$39780 in the course of the six years and a half that constitute the 78 months. This means that yearly we can pay in interest $39780/6,5=$6120 each year, this represents the interest over the loaned money, i.e., the $29800. Then the APR is

\\\frac{6120}{29800} =20,5369\% annualy or 1,71141% monthly and it is the highest APR you could afford, 20.5369%

4 0
2 years ago
You are a​ risk-averse investor who is considering investing in one of two economies. The expected return and volatility of all
galben [10]

Answer:

It's best to invest in the second economy

Explanation:

The question does not provide information on the hypothetical economic expectations of the two economies, but as a risk-averse investor, it's a better idea to try to "spread" the risk instead of concentrating it.

In the first economy, conditions might or might not be good. If they are good, returns will be extraordinary because all stocks will provide good returns, but if conditions take a turn for the worse, all stocks prices will fall and the financial consequences will be catastrophic.

In the second economy, results might never be as good as in the first economy, but they also will not ever be as bad. The risk is spread between various stocks, and while some may fall in price, others will rise, and viceversa. For a risk-adverse investor, this a far better option.

3 0
3 years ago
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