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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

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Answer the above questions ⬆️​
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Bermuda Triangle Corporation (BTC) currently has 390,000 shares of stock outstanding that sell for $102 per share. Assume no mar
swat32

Answer and Explanation:

The computation of each points is shown below:-

a. BTC has a five-for-three stock split is

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b. BTC has a 10 percent stock dividend is

New price = Old price ÷ (1 + Stock dividend)

= 102 ÷ (1 + 0.1)

= 92.73

New shares outstanding = Old shares outstanding × (1 + Stock dividend)

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c. BTC has a 37.0 percent stock dividend is

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= 102 ÷ (1 + 0.37)

= 74.45

New shares outstanding = Old shares outstanding × (1 + Stock dividend)

= 390,000 × (1 + 0.37)

= 534,300

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4 years ago
A high-level manager gathers his team of supervisors together to create a new office policy that will affect all employees at th
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Answer:

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C. How will it make me feel about myself?

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The reason behind asking question is that I want to know that this new office policy will effect me. If this office policy will change my responsibilities or my rights, I'll be definitely ask this question as it is a matter of importance for me.

The other questions

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