Answer:
Option (A) is correct.
Explanation:
Jones, Inc. is in the air conditioner repair business
In December,
Charged for supplies at Refrigeration = $100
Purchased supplies at XYZ on open account = $600
Therefore, the amount that is deductible by Jones, Inc., in the current year is $100 because open account will not be considered for the month of December.
That's why purchased supplies of $600 from XYZ will not be deducted by the Jones, Inc.
Answer: Theory X
Explanation:
A Theory X manager refuses to believe that workers can be internally motivated. They believe that workers are lazy, lack ambition and hate to work and so there is a need to continually push them to work.
This push can come in the form of punishment, rewards or prompting. Luka yells at his workers to push them to work by prompting them to. This style is generally looked down on today.
Answer:
a. 12 times
b. 30.42 days
Explanation:
Data provided in the question
Sales = $4,560,000
Average account receivable = $380,000
So, The computation is shown below:
a. Account receivable turnover ratio is
= Sales ÷ average account receivable (net)
= $4,560,000 ÷ $380,000
= 12 times
b. Now the number of days sales in receivable is
= Total number of days in a year ÷ account receivable turnover ratio
= 365 days ÷ 12 times
= 30.42 days
Answer: $27.90
Explanation:
Discount the dividends and the price you will sell the stock at in 4 years at 12%.
The dividends are a constant and so can be treated as annuities.
= (5 * Present value factor of annuity, 4 years, 12%) + 20/(1 + 12%)⁴
= (5 * 3.0373) + 12.71036
= $27.90
