Answer:
49 days
Explanation:
Account receivable turnover ratio = Net credit sales / Accounts receivable
Account receivable turnover ratio = $602,000 / $79,922
Account receivable turnover ratio = 7.53
Average collection period = 365/7.53
Average collection period = 48.47277556440903
Average collection period = 49
Thus, firm’s sales uncollected for year is 49 days.
Answer:
Corbel Corporation's common fixed cost is $41,650
Explanation:
Division A contribution margin $47,700
Division B contribution Margin <u>$80,850</u> $128,550
($231,000 * 35%)
Less: Traceable fixed cost $59,700
Operating Income <u>$27,200</u> <u>($86,900)</u>
Common fixed cost <u>$41,650</u>
Answer: Home replication strategy
Explanation:
The competitive strategy should the company use based on these factors is the home replication strategy. In this strategy, there is a minimal need for flexibility or modifications.
Since the company finds weak pressure to respond to local demands and cost reductions are not necessary, then the home replication strategy is applicable.
Answer:
(a) What factors determine a company's total revenue?
Sales.
(b) Do higher lead to increased revenues for a company?
Yes, a <u><em>Lead</em></u> is a person or company that might finally become a client, and drive the sales up.