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3 years ago

Hickory Hills Pro Shop had a balance in the Accounts Receivable account of

Business

1 answer:

MArishka [77]3 years ago

3 0

Answer:

1) 9.5 times.

Explanation:

Accounts Receivable Turnover Ratio = Net Credit Sales / Average Accounts Receivable

Average accounts receivable = beginning accounts receivable + closing accounts receivable / 2

= $800,000 + $900,000/2

=$1,700,000 /2

=$850,000

Accounts Receivable Turnover Ratio = $8,040,000/$850,000

Accounts Receivable Turnover Ratio = 9.4588

=9. 5

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You own three stocks: 600 shares of Apple Computer, 10 comma 000 shares of Cisco Systems, and 5 comma 000 shares of Colgate-

Nina [5.8K]

Answer:

Explanation:

Finding Weights

Apple => 600 * 500 = 300,000

Cisco => 10,000 * 20 = 200,000

CP => 5,000 * 100 = 500,000

Total = 1,000,000

Each Weight

Apple => 300,000 / 1,000,000 = 30%

Cisco => 200,000 / 1,000,000 = 20%

CP => 500,000 / 1,000,000 = 50%

Using

(Rate*Weight)

(0.3 * .12) + (0.2 * .10) + (0.5 * .08) = 0.096 = 9.6%

New Weights

Apple => 600 * 525 = 315,000

Cisco => 10,000 * 25 = 250,000

CP => 5,000 * 87 = 435,000

Total = 1,000,000

Each Weight

Apple => 315,000 / 1,000,000 = 31.5%

Cisco => 250,000 / 1,000,000 = 25%

CP => 435,000 / 1,000,000 = 43.5%

7 0

3 years ago

__ scholarships are awarded based on accomplishments, skills, or academic performance

34kurt

C. Merit-based is the correct answer (APEX)

5 0

4 years ago

Read 2 more answers

A manager in an entrepreneur role manages diversity in an organization by A. taking quick action to correct inequalities and cur

Ivan

Answer:

B) committing resources to develop new ways to effectively manage diversity and eliminate biases and discrimination.

Explanation:

The main characteristic of an entrepreneur is that he/she is extremely capable of allocating and committing resources to solve existing problems. So the best way an entrepreneur manager will deal with diversity within an organization is by committing and assigning resources to effectively manage diversity issues and eliminate any related problem.

The vast majority of successful technological entrepreneurs come from minority backgrounds, Jeff Bezos was raised by a Cuban parent, Steve Jobs was Syrian, Elon Musk is from Africa, Mark Zuckerberg is Jewish, Sergey Brin is Russian and Bill Gates is simply too nerdy. They all have done very well in dealing with diversity issues and were capable of building huge corporations.

3 0

4 years ago

Two years ago, you purchased a $1,000 par value corporate bond with a coupon interest rate of 7.25 percent. Today, comparable bo

kirza4 [7]

Answer:

$1,035.71

Explanation:

first we must determine the annual interest = face value x coupon rate = $1,000 x 7.25% = $72.50

now to determine the approximate market value = annual interest / market interest rate = $72.50 / 7% = $1,035.71

since the market rate is lower than the coupon rate, you can sell your bond at a premium

7 0

3 years ago

Abby Cleaning Services planned to provide cleaning services to 50 customers for $30 per hour during the month. Each job was expe

Gnoma [55]

Answer:

The Abby Cleaning Services Revenue for the month is $6,075 i.e $75 more than the expected.

Explanation:

Given:

Planned number of customers = 50

Charges = $30 per hour

Expected time taken = 4 hours

Therefore,

The expected revenue = 50 × $30 × 4 = $6,000

Actual number of customers served = 50 - 5 = 45

Actual time time taken = 4.5 hours

Actual revenue = 45 × $30 × 4.5 = $6,075

Hence,

the Abby Cleaning Services Revenue for the month is $6,075 i.e $75 more than the expected.

3 0

4 years ago