Answer:
18 Days
Explanation:
Average collection period denotes the number of days between the day when sales are made and invoice is issued to the day when amounts are received. Average collection period is calculated as follows:
Average collection period = (Average Accounts Receivable balance / Credit Sales) * 365
Average collection period = (20,000 / 400,000) * 365 = 18 days.
Note: Usually companies use 365 days for calculation purposes, however 360 days' year can also be used for calculation purposes.
Answer:
He could afford to spend $133,411 for the device now.
Explanation:
The maximum the surgeon could afford for the device is equal to the sum of present value of the lawsuit costs that he can avoid in year 2 and year 5 which is:
+ Year 2: 600,000 * %out-of-pocket cost for the law suit = 600,000 * 10% = $60,000;
+ Year 5: 1,350,000 * %out-of-pocket cost for the law suit = 1,350,000 * 10% = $135,000.
=> The amount he can afford for the device = 60,000 / 1.1^2 + 135,000 / 1.1^5 = $133,411.
So, the answer is $133,411.
In this item, we are asked for the term/s that would best fit in the blank to complete the sentence. The difference between the country or nation's exports compared to the imports over a specific period of time is called BALANCE OF TRADE.
This is one of the components of the country's balance of payments. This may also be referred to as the TRADE BALANCE or sometimes INTERNATIONAL TRADE BALANCE.
Answer:
All those factors which lie within the individual are called internal factors. These factors include heredity, biological or constitutional factors, intelligence, emotional factors, social nature, etc. Biological and constitutional factors
Explanation:
Answer:
<em>c. Unmodied opinion.</em>
Explanation:
Unmodified opinion is the view in which the auditor is of the opinion that financial statements are reported in compliance with the relevant financial reporting system in all material respects.
Unqualified opinion is the view in which the auditor conveys an unchanged opinion and also attaches a Matter Paragraph emphasis.