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anastassius [24]
2 years ago
12

The financial statements of the Bramble Corp. report net sales of $473850 and accounts receivable of $56000 and $25000 at the be

ginning of the year and the end of the year, respectively. What is the accounts receivable turnover for Bramble?
Business
1 answer:
SCORPION-xisa [38]2 years ago
3 0

Answer:

the accounts receivable turnover for Bramble is 5.85 times

Explanation:

The computation of the account receivable turnover ratio is shown below

the account receivable turnover ratio is

= Net sales ÷ (Beginning account receivable + ending account receivable) ÷ 2

= $473,850 ÷ ($56,000 + $25,000)

= 5.85 times

Hence, the accounts receivable turnover for Bramble is 5.85 times

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Although china has a strong appreciation for tradition and its rich history of​ culture, it highly values enduring relationships
HACTEHA [7]

The answer is: d. long-term orientation

"Guanxi" means "connection" or "networking" and is a long business tradition in the Chinese culture. It involves trust. Because personal and mutual trust is built in time, this demonstrates that China has a long-term orientation.

3 0
3 years ago
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1. Which of the following is not characteristic of a corporation?
Oxana [17]
<span>1. Which of the following is not characteristic of a corporation?

d. Corporations are required to file federal income tax returns.

2. Characteristics of a corporation include

d. Shareholders who have limited liability

3. One of the main disadvantages of the corporate form is the

b. Double taxation of dividends


4. Under the corporate form of business organization

a. Ownership rights are easily transferred.


5. Those most responsible for the major policy decisions of a corporation are the

b. Board of directors.


6. Stockholders' equity

d. Is shown on the income statement

7. The price at which a stock can be sold depends upon a number of factors. Which statement below is not one of those factors?

b. Investor expectations of the corporation's earning power


8. Which of the following accounts below is reported in the paid-in capital/stockholders' equity section of the corporate balance sheet?

b. Stock Dividends


9. The excess of issue price over par of common stock is termed a(n)

d. Premium


</span>
8 0
3 years ago
Read 2 more answers
Based on his investment advisor's guidance, Christopher sold two stocks during 2020. The capital gain on the sale of Magnificent
Mamont248 [21]

Answer:

The question is incomplete since we are not told if the capital gain is a short or long term gain. So I will answer the question in both possible scenarios.

Short term capital gains:

They are taxed as ordinary income, so the net gain = $35,000 - $7,000 = $28,000

Net gain after taxes = $28,000 x (1 - 53.31%) = $13,073.20

Long term capital gains:

They are taxed at a much lower rate that ranges from 0 to 20%. In this case, Christopher is probably taxed at 20%.

Net gain after taxes = $28,000 x (1 - 20%) = $22,400

Explanation:

6 0
3 years ago
Collier Chemicals has redesigned many jobs to make the work more interesting and challenging for its employees. The company enco
Novay_Z [31]

Answer:

correct option is b. frederick herzberg to increase worker motivation.

Explanation:

given data

reimbursing them up to =  $7,500 per year

solution

  • Frederick Herzberg developed his two-factor theory from the hierarchy of Abraham Maslow to the theory of necessities. The two-factor theory basically states that employers have a set of factors that motivate them and that they have a particular set of factors that do not motivate them, and that the two factors are independent of each other.  
  • as employers may try to motivate employees by following certain actions, but this does not mean that employees are ignored every time, because beliefs, actions, and events that lead to lack of motivation are different from those that go by. More motivation.
  • Factors that motivate employees include: self-awareness, complexity of work, achievement recognition, loss of responsibility.

so  Collier Chemicals is adopting a strategy to meet those needs.

7 0
3 years ago
In some instances accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit in
Zepler [3.9K]

Answer:

1   $12.80

2   $16.10

3   $13.00

4   $9.20

5   $15.90

Explanation:

The unit value of inventory is to be valued  the lower of cost price and net realizable value.

Cost is the original purchase price while the net realizable value is the estimated selling price less of costs to complete and costs to sell as computed in the attached file.

Download xlsx
3 0
3 years ago
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