The Formula we're going to use is:
DSO=(Sales/365)
Application:
1. 35($3,500,000/365) = $335,616
ANSWER: $335,616
or if you are having a hard time.
2. $3,500,000/365 = 9,589.04
then,
9,589.04 x 35 = $335,616
Answer:
The correct answer is letter "D": selects appropriate project sponsors and teams.
Explanation:
Chief Projects Officers (CPO) are managers in charge of implementing a new plan of action within companies. They are in charge of verifying what steps are going to be taken in the process of implementing a project and if the resources allocated are necessary and will be enough to avoid delays. They also monitor employee performance and evaluate past plans to find out why they were successful or why they failed.
<em>Selecting teams is a duty the Human Resources (HR) is in charge of, while the Marketing department chooses appropriate sponsors.</em>
Answer: B. an increase in interest rates that decrease economic growth.
Explanation:
If interest rates were to rise in an Economy, that would mean that the cost of borrowing just rose. The rise in the Cost of Borrowing reduces consumer spending as well as business investment. This will therefore lead to a lower Aggregate demand. A lower AD in the Economy usually leads to a decrease in economic growth.
Now, if such things were to happen, a firm may definitely invest in fewer projects because first off it will be more expensive for them to borrow and invest because of the high rates. They will also be discouraged because of the Decrease in economic growth as the chances of their projects doing well will be drop in a depreciating economy.