Answer:
The average collection period is 17.78 days.
Explanation:
In this question, we have to first compute the average receivable turnover ratio.
The formula of the average receivable turnover ratio is shown below:
= Net credit sales ÷ Average accounts receivable
where,
Net credit sales are $811,000
And, the average accounts receivable equals to
= Beginning account receivable + ending accounts receivable ÷ 2
= $41,000 + $38,000 ÷ 2
= $39,500
So, the average receivable turnover ratio equals to
= $811,000 ÷ $39,500
= 20.53
Now, we calculate the average collection period, the formula is shown below
= Total Number of days in a year ÷ average receivable turnover ratio
= 365 ÷ 20.53
= 17.78 days.
Hence, the average collection period is 17.78 days.
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Answer and Explanation:
The computation of annual dollar changes and percent changes for each of the following accounts is shown below:-
Particulars 2015 2014 Changes in dollar Percent change
a b c = (a - b) d = c ÷ b
Short term
investments $380,168 $239,377 $140,790 58.82%
Accounts
receivable $102,276 $105,903 -$3,627 -3.42%
Notes
payable 0 $93,973 -$93,973 -100%
Answer:
A will has legal impact after you have passes away and has to be filed with the court.
A living will is similar to a regular will be takes effect while you are still alive to figure out where your assets should be placed.
A trust is an agreement that allows a third party to hold the assets on behalf of a beneficiary.
A prenuptial agreement is an agreement made before a marriage that explains what should happen to their assets in the event their marriage does not last. This is common in famous people due to the amount of money they have.
Explanation:
Answer (1)
<em>False</em>
Explanation:
Getting a paycheck is not what most people want out of their job, <em>studies have shown that some people, contrary to the general believe actually look for other things asides paycheck from their jobs.</em> Some of these factors that encourages people into finding fulfillment in their jobs includes permanent flexibility of the working time, commitment into to health and well being of the staffs by the employer of these people, etc. <em>This factors creates a sense of purpose in the workers, encouraging them to put their body and soul into the job without thinking too much about the paycheck.</em>
Answer (2)
<em>True</em>
Explanation:
<em>Different people have different reasons for working</em>, although some just work for the paycheck, others are driven by a sense of purpose among other things. To some people, the work setting provides a sort of belonging and gives them the impression of working in a team, which is what most people actually want.
Answer (3)
<em>2. Belongingness</em>
<em></em>
Explanation:
As stated, some workers just want the setting that provides a sense of belonging and security within a team. <em>This type of workers are not too concerned with the paycheck increase that comes with a promotion if it takes them away from their perceived team.</em>
