Need help with this problem asap!!

Peterboro Supply has a current accounts receivable balance of $391,648. Credit sales for the year just ended were $5,338,411. Ho

andreyandreev [35.5K]

Answer:

Time taken will be 31.35 days

Explanation:

We have given account receivable = $391648

Credit sales for the year = $5338411

Number of days in an year = 365 days

We have to find the time taken on average for credit customers to pay off their accounts during the past year

Time taken is given by $=\frac{365\times account\ receivable}{credit\ sales}=\frac{365\times3 91648}{5338411}=31.35days$

5 0

3 years ago

2 mangoes cost $3 at the store.what is the cost per mango?

egoroff_w [7]

The cost per mango is $1.50. This is because if you divide 3 by 2 you'll get 1.5. Divide 2 by 2 and you'll get 1. This will make the equation 1.5/1. This basically means for 1 mango it costs 1.50.

7 0

3 years ago

why should MTN scan the global business environment as well as the macro environments of angola and ethiopia prior to their deci

adelina 88 [10]

Answer:

Explanation:

MTN is a telecommunication company, that establish in various places. Angola and Ethiopia are two new countries MTN they are looking into for establishment and a scan is done for the global environment this is to enable them have an overview of the business environment, the environment have not been penetrated by a telecommunication company hence a scan is needed.

There may be need for more facilitators of telecommunications this can be identified during the scan

Hence, the scan is like a survey that helps point out the need of the environment and it also help them have a structure plan.

8 0

4 years ago

An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $

Slav-nsk [51]

Answer:

$1,424,282.40

Explanation:

Missing word <em>"Refer to Table 5 YEAR :20%,32%,19.2%,11.52%"</em>

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Book value as on date of sale = Cost - Accumulated Depreciation

Book value as on date of sale = $5,150,000*(1 - 0.2 - 0.32 - 0.192 - 0.1152)

Book value as on date of sale = $5,150,000*0.1728

Book value as on date of sale = $889,920

Gain on sale = $1,575,000 - $889,920

Gain on sale = $685,080

After-tax salvage value = Sale proceeds - (Gain on sale*Tax rate)

After-tax salvage value = $1,575,000 - ($685,080*22%)

After-tax salvage value = $1,575,000 - $150,717.60

After-tax salvage value = $1,424,282.40

5 0

3 years ago

Frank is worried about identity theft. He does not like to give access to his checking account to anyone but the bank.

Setler [38]

Answer:

Frank should set up automatic withdrawals for the company he is paying.

Explanation:

4 0

3 years ago

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