Answer:
I) Days sales outstanding (DSO) for all customers? 48.7days
= (53*0.9)+(10*0.1) = 48.7 days
II) Net sales? $166.600
The Net sales = Gross sales - sales allowance
The discount amount due for the 10% discount customers = 2% of the 10% of 170 mn ==> 0.02 * 0.1 * 170 ===> 0.34 mn
∴ The Net sales = 17 - 0.34 mn = 16.66 mn
Amount paid by discount customers? $13.600
Explanation:
I. General Credit Policy Information
Credit stamps 2/10 Net 30
Days sales outstanding (DSO) for all customers 48.7days
DSO for customers who take the discount (10%) 10days
DSO for customers who forgo the discount (90%) 53days
II. Annual Credit Sales and Costs ($ millions)
Gross sales $170.000
Net sales? $166.600
Amount paid by discount customers $13.600
Amount paid by non discounted customers $153.000
Variable operating costs (82% of gross sales) $139.40
Bad debts $0.0
Credit evaluation & collection costs (10% of gross sales) $17.00
Answer:
The explanation of this question is given below in the explanation section
Explanation:
Sharing a folder on a local area network or LAN requires permission to access it. These permissions mostly categorized into read and write.
Those who have read permission, then they can only read those folders or files but they can't change the content of those folders or files. For example, if someone is allowed to read the files, If he tries to change, then the system will not allow him to change the contents of the file.
On the other side, If someone has permission to change the folders or files on the LAN network or local or public server. Then he has full authority to change the content. In short, the one who has the write permission, can easily change the content of that file or folder and have full control over it.
As asked in this question, a folder has been shared with permission that allows Accountant to have read permission and Manager to have the change permission. Marry is the accounting manager. Marry have full permission or full control (read, write) to accesses the shared folder from across the network.
Answer:
A) Commercial Transactions for the sale "of sonf" (should be AND) payment of goods.
Explanation:
The Uniform Commercial Code (UCC) was established to create a set of standard laws that can regulate interstate commerce. Since different states had various state laws that regulated commerce, it was difficult for companies to work without problems happening. Since the Constitution gave Congress the power to regulate interstate commerce, they set up the UCC that provides a standard legal framework for all the nation.
Answer:
A
Explanation:
In the hospitality business you would be focusing on the customers needs first. Therefore you would try and accept the form of payment that is easiest for them.
Answer: False
Explanation:
A startup firm is a company that is in the first stage of its operations. These firms are often initially bankrolled by their entrepreneurial founders as they make effort as they take chance on developing a product or service for which they believe there is a demand.
