Answer:
See below
Explanation:
Given the above information, the average collection period in days is computed as
= Average balance of account receivables / Net credit sales × 365
Average balance of account receivables = ($79,200 + $43,200) / 2
= $61,200
Net credit sales = $828,000
= $61,200 / $828,000 × 365
= 26.97 days
= 27 days
Hence the average collection period in days is 27 days
1. A credit card lets you borrow money (up to the given credit limit) and pay it back as and when due. When you make a purchase, the amount will be deducted from your credit limit and when you pay it back, the payment will be added back to your credit limit.
Explanation:
Answer:
correct option is d) Cost plus pricing
Explanation:
The correct answer is Cost-plus pricing
here the selling price is determined by increasing the unit cost of the product to a certain amount of markup.
Markup = selling price - cost
Markup = The total cost of doing business or good service is covered by the desired profit.
Cost cost = fixed cost + variable cost
so correct option is d) Cost plus pricing
Depends of the negatives info but typically around 7 years
Answer:
Production = 31000 Units
Explanation:
To calculate the production requirement for the month of August to meet the required sales and desired ending inventory, we will use the following formula,
Sales = Opening Inventory + Production - Closing Inventory
Plugging in the values we have for sales, opening inventory and closing inventory, we calculate the production to be,
30000 = 11500 + Production - 12500
30000 + 12500 - 11500 = Production
Production = 31000 Units