The overall system<span> of </span>taxation<span> in the </span>United States<span> is progressive. </span>
Answer:
The days' sales in receivables are B.148.37 days
Explanation:
The days' sales in receivables is calculated by using following formula:
The number of days' sales in receivables = 365/Accounts receivable turnover
In there:
Accounts receivable turnover = Net Credit Sales /Average Accounts Receivable
E-Shop, Inc. has net sales on account of $1,500,000 and average net accounts receivable of $610,000.
Accounts receivable turnover = $1,500,000/$610,000 = 2.46 times
The number of days' sales in receivables = 365/2.46 = 148.37 days
Answer:
Investment decisions must be made in accordance with the prudent investor rule
.
The Uniform Prudent Investor Act of 1994 displays the rules. Speculative positions are forbidden. Margin Trading is authorized only if allowed by beneficiary of account. Fiduciaries can charge reasonable fees for their service but may not be compensated as a share of profits.
Explanation:
Answer: Accrual accounting
Explanation: Under the accrual method of accounting, the entity records the revenues and expenses in the period of their occurrence, regardless when the cash is exchanged.
In the given case, Porite is recognizing revenues in the same period for the account receivable of asset from which that revenue is generated. Hence, the receiving of revenue is not taken into consideration.
Hence, from the above we can conclude that the practice of Porite is an example of accrual accounting.
Answer: b. do not want to develop products that may not get used.
Explanation:
According to the case study, Manager Nikki Brush tells of how they introduce new ways of doing things by being able to encourage and push their vendors in a way that they are not used to. She does admit though that it is getting harder to do so because the vendors are seeing their costs rise and don't want to make goods that people might not want to use because they are new and untested.
The Case in question is attached.
