Answer:
Explanation: The database contains three tables containing information about this company's sales process: Inventory, Sales and Sales items.
The relationship between the above stated database content are:
1. Sales items are what is included in the inventory,
2. Inventory is a list of items available for sale.
3. Sales is the exchange of Inventory for cash.
4. As cash is collected, inventory reduces in quantity.
5. Sales items are included in the inventory and sales is the exchange of sales item for cash.
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Answer and Explanation:
The computation is shown below:
For account receivable turnover ratio
Accounts Receivable Turnover is
= Sales ÷ Average Receivables
Beginning Accounts Receivable $21,400
Add: Sales $105,300
Less: Cash Receipts $81,300
Ending Accounts Receivable $45,400
Now
Accounts Receivable Turnover is
= $105,300 ÷ ($21,400 + $45,400) ÷ 2
= 3.15 times
Now days to sell is
= 365 ÷ 3.15 times
=116 days
Answer:
Property tax is progressive
Sales Tax is regressive
A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.
Explanation:
Answer:
Technological substitution.
Explanation:
Technological substitution is basically the substitute to another option product of technology.
