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
Mashutka [201]
3 years ago
6

Corner Supply has a current accounts receivable balance of $246,000. Credit sales for the year just ended were $2,430,000. How m

any days on average did it take for credit customers to pay off their accounts during this past year
Business
1 answer:
Wewaii [24]3 years ago
4 0

Answer:

See below

Explanation:

Given the above information, the average debtor days is computed as seen below.

= Total receivables / Credit sales × 365

Total receivables = $246,000

Credit sales $2,430,000

Then,

Average debtor days

= $246,000 / $2,430,000 × 365

= 36.95 days

Hence, it would take 36.95 days on the average for credit customers to pay off their debts during this past year

You might be interested in
Personnel at a decision point in their careers can receive an overview of their veteran's benefits from what source?
Ratling [72]

The correct answer is; Transition Goals Plans Success Program.

Further Explanation:

The Transition Goals Plans Success Program is a resource that helps military members and their families prepare for life outside of the military. Men and women from all armed services departments are eligible to use this program to help the transitioning to a civilian citizen go smoothly.

The Transition Goals Plans Success Program starts as soon as someone enters the military and each milestone in their career. A few things that the program helps with are;

  • resume writing
  • career advice
  • military transition
  • interview tips
  • pursuing additional education

The Transition Goals Plans Success Program now has an app that families can download and have more access to resources.

Learn more about military personnel at brainly.com/question/7223998

#LearnwithBrainly

3 0
4 years ago
Jane transferred a piece of real estate to her son Christopher 6 months ago. Jane purchased the real estate for $90,000 six year
goldenfox [79]

Answer:

c. Christopher will have a dual basis for income tax purposes.

Explanation:

Due to the fact that the basis of Jane in the specific property was higher than the FMV of the property on the specific date that she gave out the property, therefore, the double basis principle will apply to Christopher. In addition, Christoper will not collect any additional basis for the tax paid on the gift. The correct answer is option c.

7 0
3 years ago
The basic principles of economics suggest that_________.
Montano1993 [528]

Answer:

Answer is option d, i.e. All of the above are correct.

Explanation:

All the given statements are correct.

Markets are considered to be the best way to organize economic activity, and this can be done by studying the market trends and various demands of the customers. This would help in assessing the estimation of supply that any organization would like to deliver to its respective customers. Similarly, the intervention of government and legal aspects are also important in maintaining both, the trade between the companies of different countries, and also if any organization fails to produce and deliver the required result.

5 0
3 years ago
Interest rates on 3-year Treasury securities are currently 1.92%, while 10-year Treasury securities yield 5.62%. If the pure exp
FromTheMoon [43]

Answer: 7.24%

Explanation:

From the question, we are told that:

3 years treasury securities have an interest rate = 1.92%

10 years treasury security has an interest rate = 5.62%

Let the 7 year treasury security interest in 3 years be represented by z.

Based on the expectation theory

( 1+1.92%)^3 × (1 + z%)^7 = (1 + 5.62%)^10

(1+0.0192)^3 × (1 + z%)^7 = (1 + 0.0562)^10

(1.0192)^3 (1 + z%)^7 = (1.0562)^10

1.05871(1 + z%)^7 = 1.72767

Divide both side by 1.05871

(1 + z%)^7 = 1.72767/1.05871

(1 + z%)^7= 1.6319

1 + z% = 1.6319^1/7

1 + z% = 1.6319^0.1429

1 + z% = 1.0724

z% = 1.0724 - 1

z% = 0.0724

We then convert the decimal to percentage

z = 7.24%

The market believes that 7-year Treasury securities will be yielding 7.24% in 3 years .

3 0
3 years ago
Based on predicted production of 17,000 units, a company anticipates $255,000 of fixed costs and $216,750 of variable costs. The
Arturiano [62]

Answer:

fixed costs = $255,000

variable costs = (15,000 / 17,000) x $216,750 = $191,250

Explanation:

A flexible budget is prepared in order to compare how budgeted revenues and costs actually worked out. In other words, if actual revenues and costs were similar to the budget previously prepared. A flexible budget adjusts actual results and helps management control how efficient the company was in following their budget. That is why a flexible budget is done after the budgeted period is over.

Fixed costs should not change (that is why they are fixed), but variable costs should change if the actual output was different than the budgeted output.

6 0
4 years ago
Other questions:
  • (tco 1) you are fairly good at various and sundry home repairs. you arent very good at electrical things, or anything having to
    6·1 answer
  • Crystal is teaching a newly promoted supervisor how to use the company’s performance management system. The supervisor asks Crys
    8·1 answer
  • During the current year, Vann County’s motor pool internal service fund sold two vehicles for $5,000. The vehicles had a cost of
    15·2 answers
  • What is the discount yield, bond equivalent yield, and effective annual return on a $2 million commercial paper issue that curre
    6·1 answer
  • Select which part of the expenditures approach of calculating the GDP is being described:
    12·1 answer
  • Help with question no.19?
    5·1 answer
  • The amount of tattling has suddenly increased in the school-age group at the day care facility where you work. Staff and childre
    5·1 answer
  • Has a desire to influence others, be responsible for them, and have authority over them. it can be described as her:
    8·1 answer
  • It has been demonstrated that a competitive market economy allocates resources efficiently. Specifically, in a competitive equil
    6·1 answer
  • How can a country achieve higher levels of competition and a variety of products in an industry with only one or two domestic fi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!