Answer:
43 days
Explanation:
The first step is to calculate the account receivable turnover
= $595,000/($80,000+$60,000)/2
= 595,000/140,000/2
= 595,000/70,000
= 8.5
Therefore the average collection period can be calculated as follows
= 365 /8.5
= 42.9
= 43 days
Answer:
<em>Focus Strategy</em>
Explanation:
Focus Strategy <em>is a marketing strategy in which a business focuses its resources on entering or expanding into a narrow segment of the market or industry.</em>
Usually a focus strategy is used where the company knows its section and has products to meet its needs competitively.
Focus strategy is one of three strategies for generic marketing.
Answer:
PMT = $1875.00
Explanation:
The annuity refers to a series of fixed payments made after an equal interval of time and for a definite time period. The formula for the present value of annuity is,
<u />
<u>For ordinary annuity</u>
PV of annuity = PMT * [(1 - (1+IN)^-n) / IN]
Plugging in the values for the available variables. We calculate the PMT to be,
14130.15 = PMT * [(1 - (1+0.08)^-12) / 0.08]
14130.15 = PMT * 7.536078017
14130.15 / 7.536078017 = PMT
PMT = $1875.000493 rounded off to $1875.00
Answer:
Kindly check explanation
Explanation:
Given the data:
140 82 265 168 90 114 172 230 142 86 125 235 212 171 149 156 162 118 139 149 132 105 162 126 216 195 127 161 135 172 220 229 129 87 128 126
175 127 149 126 121 118 172 126
70 - 104
105 - 139
140 - 174
175 - 209
210 - 244
245 - 279
B.) Using a class interval of 30; with lower limit of 80;
Class interval ___frequency __R/frequency
80 - 110 ________ 5 ________ 11.4
111 - 141 ________ 17 ________38.6
142 - 172 _______13 ________29.5
173 - 203 ______ 2 _________0.05
204 - 234 ______5 _________11.4
235 - 265 ______2 _________0.05
From the frequency table above, we can observe that the initial amount a beginner expends on supplies is largely between $111 to $172 ; with 38.6% of the collected samples spending between $111 and $141 and 29.5% spending between $142 and $172.
Answer:
Option B Change in accounting principle; retrospectively; required.
Explanation:
The reason is that the change is policies are considered in the international accounting standard IAS-8 Accounting policies, estimates and correction of errors. The standard says that the change in depreciation method is considered as a change in accounting policy which must be treated as retrospectively which means that the adjustments must be made to all the previous years using the same depreciation and must reflect the change in Changes in Wquity statement. This change in accounting policy as per the requirement s of the standard, must be disclosed in the notes to financial statements. Furthermore the changes in equity must only be opted if it increases the truth and fairness of the financial statement.
