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lesya692 [45]
2 years ago
15

Garcia Industries has sales of $176,500 and accounts receivable of $18,500. The industry average DSO is 27 days, based on a 365-

day year. If the company changes its credit and collection policy sufficiently to cause its DSO to fall to the industry average, and if it earns 3.0% on any cash freed-up by this change, assuming other things are held constant. How much would the net income be affected?
Business
1 answer:
Brilliant_brown [7]2 years ago
5 0

Answer: 176,500 = 372,879

Explanation:

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3 years ago
Stark Industries was just rated number one for job satisfaction on a survey compiled by an outside entity. The report cited that
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organizational commitment; perceived stress

Explanation:

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3 years ago
(Consider This) In the middle ages, the French government auctioned off monopoly rights to the sale of salt. Economic theory pre
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6 0
2 years ago
You are considering a project and are concerned about the reliability of the cash flow forecasts. To reduce any potentially harm
Nuetrik [128]

Answer: A. Lowering the degree of operating leverage.

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8 0
3 years ago
During 2019, Enrique had the following transactions: Salary $70,000 Interest income on Xerox bonds 2,000 Inheritance from uncle
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Answer:

The correct answer is B

Explanation:

Calculation of AGI for 2019 -

Salary Income                                                                                $70,000

Interest income on Xerox bonds                                                 $2,000

Inheritance from uncle                                                                  $ 40,000

Deduction : Capital Loss                                                        ($2500)

Contribution to traditional IRA                                                 ($5500)

Inheritance from uncle                                                              ($40,000)

Total =                                                                                          $64,000

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