1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svetradugi [14.3K]
3 years ago
8

ShipIt Corporation reported the following rounded amounts (in millions): 2016 2015 Accounts Receivable $ 5,535 $ 5,240 Allowance

for Doubtful Accounts (355 ) (360 ) Accounts Receivable, Net of Allowance $ 5,180 $ 4,880 Net Sales (assume all on credit) $ 43,500 $ 42,000 Required: Determine the receivables turnover ratio and days to collect for 2016. (Use 365 days in a year. Do not round intermediate calculations. Round your final answers to 1 decimal place.) Do the measures calculated in requirement 1 represent an improvement (or deterioration) in receivables turnover, compared to 2015 when the turnover was 9.7?
Business
1 answer:
Amanda [17]3 years ago
6 0

Answer:

a. 8.65 times

b. 42 days

Explanation:

The computation of Receivables turnover ratio and days to collect is shown below:-

a. Receivables turnover ratio = Net sales ÷ Average receivables

= $43,500 ÷ ($5,180 + $4,880) ÷ 2

= $43,500 ÷ ($10,060 ÷ 2)

= $43,500 ÷ $5,030

= 8.65 times

b. Days to collect = 365 ÷ Receivables turnover ratio

= 365 ÷ 8.65 times

= 42 days

You might be interested in
Extremely autonomous children A. usually have strict discipline at home. B. suffer from self-doubt. C. can't be creative. D. may
Sidana [21]
A. usually have strict discipline at home

4 0
3 years ago
Read 2 more answers
There are linkages between the microeconomic decisions made by managers and the macroeconomic environment. There are numerous ex
allochka39001 [22]

Answer:

One typical example of this linkage between the economy at the macroeconomic level, and business decisions at the macroeconomic and microeconomic level, is what happened with Lehman Brothers in 2008.

Explanation:

Lehman Brothers was one of the main investment banks in the United States. During the years prior to the financial crisis, Lehman Brothers decided to pursue a risky but profitable strategy of over leveraging -lending a lot more money than they had as deposits.

Once the financial crisis hit, a macroeconomic event, it affected the company at the macro and micro level. At the macro level because Lehman Brothers itself ceased to exist as it went bankrupt, and at the micro level, because it had to enter a process to pay off some debtors, and some of the employees who were laid off due to the dissolution of the firm.

4 0
3 years ago
PLEASE HELP----- Explain how the three groups (laborers, businesses, and government) are connected in regard to unemployment. Ho
alex41 [277]
<span>When laborers are out of work, then they can't as often to buy product from business, which in turn the business loose money have to lay their laborers off,which creates a vicious cycle.Then at times the government will come up with their programs to help the business and try to keep the economy going.</span><span />
7 0
4 years ago
Read 2 more answers
when convicts are released from prison, they have no money, and there is a high rate of recidivism the released prisoners return
slava [35]

Answer:

Yes

Explanation:

Recidivism can be defined as seen in the question as the tendency of an ex-convict to return to crime.

When a person returns from a sentence, he has nothing. No income, no job, etc. As a result of this, some ex-convicts are tempted into returning to the lifestyle that got them imprisoned in the first instance. Without a job,which is as a result of stigmatization of ex-convicts as never-do-well, there can't be income.

For this reason, the government should endeavor to give ex-convicts income support for a few months after their release from the prison. This will go a long way in helping the ex-convicts stay of crime and also help them plan towards a better life.

Cheers.

8 0
3 years ago
Btw the the first few people that answers in 3 mins correctly will get A Brainiest badge
Aleonysh [2.5K]
Once your compensation is established it is difficult to have significant increases without a promotion. Salary establishes other benefits amounts as well, such as retirement contributions, bonuses etc.
8 0
3 years ago
Other questions:
  • Which of the following is a characteristic of the Consolidation phase of e-commerce? predominance of pure online strategies bran
    7·1 answer
  • Omnimenium, an automobile company, incurred a debt of $20 million for the fiscal year of 2016. The company used that money with
    9·1 answer
  • High quality goods and services are made available to consumers because of producers __________.
    10·2 answers
  • Stockholders equity: a. Represents the ownership of a company b. Is the equivalent of net assets c. Is also known as the book va
    8·1 answer
  • All of the following are functions of the Federal Reserve System EXCEPT:______
    9·1 answer
  • ________ determines the point at which the sum of carrying costs and ordering costs are minimized, or the point at which carryin
    15·1 answer
  • Evaluate the following​ statement: ​"Saving money is not lending. How can it​ be? When I save my​ money, I put it in a bank. I​
    7·1 answer
  • The Federal Reserve System is __________. ANSWER Unselected the central bank of the United States Unselected also known as the U
    10·1 answer
  • Most e-commerce actually takes place between businesses. what is this called?
    9·1 answer
  • How does the organization of the Federal Reserver System Help it perform its functions?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!