Answer:
Foreign Antitrust Act.
Explanation:
The Foreign Antitrust Act is an act against contracts, combinations and conspiracies, which helps to control trade and commerce within several US states. It is a section of the Sherman Act of U. S. C 1. The major reason for this law is so that there will be equal opportunities and platform for businesses within the same industry to operate without one gaining too much power over the other. The law controls dirty activities people engage to make profits.
Answer:
Receivables turnover = 11.50 times
Days' sales in receivables = 31.74 days
Average collection period = 31.74 days
Explanation:
<u>Receivables Turnover Ratio</u>
Receivables turnover = Credit Sales / Receivables
= $3,804,200 / $330,800
= 11.50 times
Receivables turnover ratio measures how many times a company's receivables are converted to cash in a period. A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and that the company has a high proportion of quality customers that pay their debts quickly.
<u>Days' sales in Receivables/ Average Collection Period</u>
Days' sales in receivables = 365 days / Receivables turnover
= 365 / 11.50
= 31.74 days
On average, credit customers took 31.74 days to pay off their accounts.
The days' sales in receivable ratio which is also known as the average collection period tells you the number of days it took on average to collect the company's accounts receivable during the past year.
Answer:
Materials = 23,000 units
Conversion Costs = 23,000 units
Explanation:
Note that the weighted-average method is being used to calculate the equivalent units.
Using this method, we are interested only in calculating equivalent units in units that were completed and transferred and units of ending work in process.
<u>Calculation of equivalent units of production for Materials and Conversion Costs.</u>
Materials
Completed and transferred (20,000 units × 100%) 20,000
Ending Work In Process (5,000 units × 60%) 3,000
Equivalent units 23,000
Conversion Cost
Completed and transferred (20,000 units × 100%) 20,000
Ending Work In Process (5,000 units × 60%) 3,000
Equivalent units 23,000
Answer:
There are many effects. They equate for a large portion in the fast food industry
Explanation:
