Answer:
24.3 days
Explanation:
Calculation for How long, on average, does it take the firm to collect on its sales
Using this formula
Average collection period = (Accounts receivable / Credit sales) * 365 days
Let plug in the formula
Average collection period =$30 million/$450 million *365 days
Average collection period =24.3 days
Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days
Answer:
Transaction exposure deals with cash flows already contracted for, while operating exposure deals with future cash flows that might change because of changes in exchange rates
Explanation:
Transaction exposure deals with changes in cash flow due to default of counter party in making the amount promised available to our business at the contracted time.This would necessitates looking elsewhere for short-term funding,should the default arises.
On other hands,operating exposure results from fluctuation in exchange rate.If domestic exchange rate strengthens,the local equivalence of a foreign currency receivable in future reduces,hence the shortfall is due to operating exposure.
I think the business practices is simply dangerous.
Time safari brings their customers to travels throughout time to the period when dinosaurs still exist and provide hunting exppeditions there.
This expose the business to many potential hazard/lawsuit and not an appropriate business idea even if it's possible in our time.
The answer is true. Effective multichannel processes necessitate
an integrated customer relationship management system with a central customer
data warehouse that hold the complete account of every customer's interaction
with the retailer, notwithstanding of whether the sale happened in a store, on
the internet, or on the phone.
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