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
astraxan [27]
3 years ago
12

Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas

.
Nike

adidas

Sales revenue $19,795.3 $10,675
Allowance for doubtful accounts, beginning 77.2 112
Allowance for doubtful accounts, ending 104.1 134
Accounts receivable balance (gross), beginning 2,884.3 1,740
Accounts receivable balance (gross), ending 2,952.8 1,556
(a1)

Calculate the accounts receivable turnover for both companies. (Round answers to 1 decimal place, e.g. 12.5.)

Nike

adidas

Accounts receivable turnover times times
Business
1 answer:
Rama09 [41]3 years ago
8 0

Answer:

Accounts Receivable Turnover = Sales/Average accounts receivables

Sales revenue / [Accounts receivable balance (gross), beginning - Allowance for doubtful accounts, beginning) + (Accounts receivable balance (gross), ending + Allowance for doubtful accounts, ending) / 2

<u></u>

<u>For Nike</u>

Accounts Receivable Turnover = $19795.3/ [(2884.3-77.2)+(2952.8-104.1)/2]

Accounts Receivable Turnover = $19795.3 / $2827.9

Accounts Receivable Turnover = 7 times

<u>For Adidas</u>

Accounts Receivable Turnover = 10675/[(1740-112)+(1556-134)]/2

Accounts Receivable Turnover = $10675 / $1525

Accounts Receivable Turnover = 7 times

You might be interested in
A manufacturer of disposable foam products entered into a written contract with a take-out restaurant to sell them 5,000 disposa
saveliy_v [14]

Answer:

Option B

Explanation:

Since the contract did not mentioned any thing about the retuning of containers that were not defective, it becomes the obligation of the buyer to pay the final delivery amount on the basis of Good-faith modification.

Hence, option B is correct

3 0
3 years ago
Janelle has an art collection that she wants to sell. She calls Amber and tells her to sell the art collection for her at an upc
IgorC [24]

The correct answer is D) express authority.

Janelle has an art collection that she wants to sell. She calls Amber and tells her to sell the art collection for her at an upcoming auction. Although not specifically told to do so, Amber prints flyers and distributes them to all the art galleries in the area. Amber’s actions are an example of express authority.

Express authority means that an agent has the power to make decisions and act on behalf of another person. In this case, Janelle gave Amber the authority to act in the best interests of her art collection to be promoted by her agent, The authority could be granted orally or written. WIth that faculty, Amber is supposed to do everything to promote and sell Janelle's' art collection.

The other options of the question were A) apparent authority. B) respondeat superior. C) intermediary agency.

4 0
3 years ago
H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7,650 pounds) has the followin
zysi [14]

Answer:

$0.6 per pounds

Explanation:

The computation of the standard unit materials cost per pound is shown below:-

Whole Tomatoes = 5,000 × $0.75

= $3,750

Vinegar = 350 × 0.90

= $315

Corn syrup = 40 × 7.50

= $300

Salt  = 125 × 1.80

= $225

Total cost = Whole Tomatoes + Vinegar + Corn syrup + Salt

= $3750 + $315 + $300 + $225

= $4,590

Standard Unit Materials cost per pound = Total cost ÷ ketchup pounds

= $4,590 ÷ 7,650 pounds

= $0.6 per pounds

8 0
4 years ago
Which area of individual competence is lacking in the following scenario?
IrinaVladis [17]

<u>Answer:</u>

<u>Assertion </u>area of individual competence is lacking in the given scenario

<u>Explanation:</u>

Building up a group or team is a helpful way to deal with achieving success. When created and run successfully, a group can be implemented to pool the thoughts and encounters of its individuals looking for an aggregate result. Organizations of different kinds can profit by crafted by groups. A successful group must have the option to share challenges and furnish individuals with input.

Here, in the given scenario, the group leader exerts the feedbacks in a vague and an indirect manner. This creates a sense of confusion among the team and they lack a clear picture of what is happening. This hinders them from asserting their mistakes. By sharing problems and by giving clear feedbacks, one can increase their productivity and they become powerful issue solvers through a worked together exertion.

8 0
3 years ago
g Credit card applicants have an average credit rating score of 667. Assume the distribution of credit scores is Normal with a s
Marizza181 [45]

Answer:

P(X>700)=P(\frac{X-\mu}{\sigma}>\frac{700-\mu}{\sigma})=P(Z>\frac{700-667}{65})=P(z>0.508)

And we can find this probability using the complement rule and excel or a calculator and we got:

P(z>0.508)=1-P(z

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

Let X the random variable that represent the rating score of a population, and for this case we know the distribution for X is given by:

X \sim N(667,65)  

Where \mu=667 and \sigma=65

We are interested on this probability

P(X>700)

And the best way to solve this problem is using the normal standard distribution and the z score given by:

z=\frac{x-\mu}{\sigma}

If we apply this formula to our probability we got this:

P(X>700)=P(\frac{X-\mu}{\sigma}>\frac{700-\mu}{\sigma})=P(Z>\frac{700-667}{65})=P(z>0.508)

And we can find this probability using the complement rule and excel or a calculator and we got:

P(z>0.508)=1-P(z

7 0
3 years ago
Other questions:
  • You have developed the following linear regression output from the promotion data on the left of the regression output. Your bos
    11·1 answer
  • A firm has the following accounts and financial data for​ 2017: Sales Revenue ​$3,060 Accounts Receivable ​$500 Interest Expense
    11·1 answer
  • Your business is launching a new product offering and plans to send an email notifying your customers of the launch. since your
    5·1 answer
  • If honda (a japan-based firm) produces a car in ohio and exports it to japan, in which country's gdp will the car be counted?
    8·1 answer
  • On June 30​, 2017​, Austin Sound Center purchased a copy machine for $ 50 comma 000. Austin Sound Center expects the machine to
    15·1 answer
  • Porter co. is analyzing two projects for the future. assume that only one project can be selected. project x project y cost of m
    9·1 answer
  • The company estimates that it can sell 800 units of each product per month. The same raw material is used in each product. The m
    11·1 answer
  • EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of $50 par value 4% preferred
    11·1 answer
  • Eastern Electric currently pays a dividend of about $1.96 per share and sells for $37 a share. A. If investors believe the growt
    5·1 answer
  • The talk test can be used to measure the __________.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!