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
djyliett [7]
3 years ago
5

A company has annual sales of $32,000 and accounts receivables of $2,200. The gross profit margin is 31.3%. The receivable days

estimated from the data above is ______.
Business
1 answer:
marissa [1.9K]3 years ago
8 0

Answer: 80.17 days

Explanation:

The Receivable days estimated is calculated by the formula:

= Accounts receivable * 365 / (Annual sales * Gross profit margin)

= 2,200 * 365/ (32,000 * 31.3%)

= 2,200 * 0.03644169329

= 80.17 days

You might be interested in
Why do governments regulate natural monopolies?
ss7ja [257]

The government may wish to regulate monopolies to protect the interests of consumers. For example, monopolies have the market power to set prices higher than in competitive markets. The government can regulate monopolies through price capping, yardstick competition and preventing the growth of monopoly power.

7 0
3 years ago
Read 2 more answers
Suppose you're in charge of establishing economic policy for this small island country. Which of the following policies would le
Rom4ik [11]

Answer:

Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement accounts

Explanation:

Productivity increases when human capital increases due to higher education and training, when physical capital increases due to higher investments or when new technological breakthroughs increase productivity.

By encouraging savings, investments will increase as well as physical capital which results in an increase in productivity.

4 0
3 years ago
Financial barriers to healthcare are a huge concern to people around the world. describe three (3) organizations who provide fin
Vlada [557]

These are some of the organizations that provide financial assistance to healthcare: 

1. NeedyMeds, Inc. 

T<span>his is a national non – profit organization that provides free information to </span>those<span> people who cannot afford the medications. </span>T<span>his organization aims on providing affordable healthcare to </span>people. They also provide discount cards for medicine accepted in over 65,000 pharmacies. 

2. Partnership for Prescription Assistance 

This organization help those people who are uninsured or underinsured with their medications for free or nearly free. The organization<span> provides a single point of access to over</span> 475 patient assistance programs, including around<span> 200 offered by biopharmaceutical companies.</span> 

3. RxHope 

T<span>his organization provides an advocate and facilitator in getting the people's medications for free or at a small amount.</span>

4 0
3 years ago
Name and describe three ways that companies can benefit from being ethical.
dalvyx [7]
Higher revenues – demand from positive consumer support.
Improved brand and business awareness and recognition.
Better employee motivation and recruitment.
3 0
3 years ago
An open-market purchase of securities by the Fed results in ________ in reserves and ________ in the supply of money. Group of a
qaws [65]

Answer:

an increase; an increase

Explanation:

Open market operations is a monetary policy instrument which is used by the Fed to control the money supply in an economy. In open market operations, there is a buying and selling of government securities from the public through banks.

If Fed purchases the government securities from the market then this will increase the money supply in an economy and there is a flow of money from Fed to public. This purchase of securities will also increase the reserves of the banks which they can utilized in lending to the individuals and other organisations.

7 0
3 years ago
Other questions:
  • Abbott Landscaping purchased a tractor at a cost of $30,000 and sold it three years later for $16,200. Abbott recorded depreciat
    15·1 answer
  • Making it right the first time is
    9·1 answer
  • On January 1, 2015, Fullbright Company sold goods to Blue Dirt Company for $400,000 in exchange for a 4-year, zero-interest-bear
    11·1 answer
  • The can of spray paint in item 7 is set aside for an hour. during this time, the contents of the can return to room temperature.
    5·1 answer
  • All vehicles must yield the_______of way to avoid collision.
    5·2 answers
  • Which of the following scenarios would likely shift the supply curve for potatoes to the right (increase in supply)?
    11·1 answer
  • The business earns $700 of consulting revenue. How would these earnings affect the total equity of a business?a. Liabilities are
    5·2 answers
  • Brandi recently began a new position as VP Sales for Otis Elevatos, a large firm selling new equipment for new construction, rep
    13·1 answer
  • Teagan wants to buy a new refrigerator. The refrigerator costs $1650. Teagan decides to finance the refrigerator for 24 months a
    14·1 answer
  • Miller, Inc. has 5,000 shares of 6%, $400 par value, cumulative preferred stock and 100,000 shares of $4 par value common stock
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!