Answer:
d. 28.7
Explanation:
Calculation to determine the days to collect during year
Using this formula
Average collection period=Average accounts receivables/Net sales*365
Where,
Average accounts receivables=$66,000+$72,900/2
Average accounts receivables=$69,450
Let plug in the formula
Collection period =$69,450/$882,000*365
Collection period=28.7 days
Therefore the days to collect during year is 28.7days
Answer:
c.They are at a disadvantage when paying back borrowed money.
Explanation:
In any economics of a country, inflation may be defined as the fall of the value of the money or currency of a country over a period of time. In inflation, the general price level increase and the value of money decreases.
Due to inflation, with each currency unit, less of goods or services can be bought. In inflation, the consumers are not concern about the disadvantage when they pay back the money that they borrowed because the value of the money decreases. Money decreases its value but the demand of goods and services increases in the economy.
This is an illustration of correlation without causation.
Explanation:
For Example:
The inspectors who are poorly informed calculate shoe size and decipher comprehension. You note that both are linked favourably. Their report claiming smaller feet lead to better reading skills is, of course, denied. Given the connection between the two, foot size does not affect better reading abilities.
First of all, age estimation is related both to the foot size and comprehension of the reading. The another missing element is a philosophical and analytical model that can be used to explain the causal relationships from age to foot and from age to understanding through reading. Older existence is associated with both and because we have a rational conceptual model for human experiences which is in line with such an explanation, we assume it is the origin of both.
Answer:
$4,412
Explanation:
If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.
That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.
Answer:
Being appreciated by people.
