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34kurt
3 years ago
9

Everdeen Inc. has a 90-day operating cycle. If its average age of inventory is 35 days, how long is its average collection perio

d
Business
1 answer:
mart [117]3 years ago
5 0

Answer:

8.6 days

Explanation:

The formula for average collection period

= Average received turnover ratio / 365 daya

= 90 × 35 / 365

= 8.6 days

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Division of work means that similar activities in an organization should be grouped together under one manager.
Anika [276]

Answer:

True.

Explanation:

Division of work is the act of "dividing the work equally among a group of people."

7 0
3 years ago
2. The stock is currently selling for $15.25 per share, and its noncallable $1,000 par value, 20-year, 7.25% bonds with semiannu
Alexxandr [17]

Answer:

The firm's cost of common stock is 13%

Explanation:

Use the following CAPM formula to calculate the cost of common stock

Cost of common stock = Risk free rate + beta x ( Market return - Risk free rate )

Where

Risk free rate  = 5.5%

Market return = 11.50%

Beta = 1.25

Placing values in the formula

Cost of common stock = 5.5% + 1.25 x ( 11.50% - 5.5% )

Cost of common stock = 13%

8 0
3 years ago
If Robert chooses not to itemize, what is the amount that he can deduct as an above-the-line charitable contribution adjustment
Lena [83]

Answer:

The answer is "$250"

Explanation:

In 2020 they can deduct up to 100% of the gross income from the charitable contribution for a qualifying charitable organization, up to a maximum of $ 300, while our money contribution was just $ 250, so you only allow $ 250 to the non-particular deduction - over the charitable donation line throughout 2020.

7 0
3 years ago
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit
posledela

Answer:

Explanation:

Direct Material   $165,000 (195,000 - 30,000)

Direct labor        $110,000 (150,000 - 40,000)

Overhead           $165,000 ( 110,000 * 150%)

Total cost           $440,000

Work in progress transfer = $15,500 + $440,000 - $27,000 = $428,500

3 0
4 years ago
Demand is created through meeting customer buying criteria, credit terms, awareness (promotion) and accessibility (distribution)
fredd [130]

Answer: cake

Explanation:

Demand is created through meeting customer buying criteria, credit terms, awareness (promotion) and accessibility (distribution).

According to the Thrift segment's customers, the product that was the most competitive at the end of last year is Cake.

3 0
4 years ago
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