HEY guys can yall help me im trying to get caught up on school work before november 30.

David opened his own bicycle shop 30 years ago, and although he enjoyed his work, he needed more free time. When Josie requested

Gnesinka [82]

Answer:

This is an example of how an apprenticeship can benefit both the business owner and the apprentice.

Explanation:

Apprenticeship is the system or process of hiring someone to train him/her to learn the trade. This method is used in companies and other jobs to train new generations about the trade and also pass on the job.

David may have had the bicycle shop for three decades but now that he desired more free time, he had to pass on the work to someone who can take care of the shop in his place. The apprenticeship of Josie enabled him to have the desired free time while his shop still runs. This is an example of how apprenticeship is beneficial for both parties.

5 0

3 years ago

Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash p

andrew11 [14]

Answer:

a. Ending Cash Balance:

January = 50,000

February = 61,555

March = 50,000

b. Loan Balance End of Month:

January = 44,500

February = $0

March = $44,445

Explanation:

Note: The merged data given in the question are sorted before answering the question as follows:

Cash Receipts Cash payments

January $ 518,000 $ 461,500

February 403,000 346,500

March 467,000 523,000

Explanation of the answer is now given as follows:

Note: See the attached excel file for the cash budget.

In the attached excel file, the following calculations are made:

January loan repayment = January Preliminary cash balance - Minimum required cash balance = $105,500 - $50,000 = $55,500

March Additional loan = Minimum required cash balance - March Preliminary cash balance = $50,000 - $5,555 = $44,445

From the attached excel file, we have:

a. Ending Cash Balance:

January = 50,000

February = 61,555

March = 50,000

b. Loan Balance End of Month:

January = 44,500

February = $0

March = $44,445

Download xlsx

7 0

3 years ago

The phenomenon of scarcity stems from the fact that

Ksju [112]

A most economists production methods aren’t good

7 0

4 years ago

Variable expenses are defined as those that vary with changes in volume. Examples include

In-s [12.5K]

Answer:

Electricity

Explanation:

8 0

3 years ago

AAA's inventory turnover ratio is 20.00 based on sales of $28,400,000. The firm's current ratio equals 4.16 with current liabili

marissa [1.9K]

Answer:

= 17.15 days (approx)

Explanation:

Given:

inventory turnover ratio = 20

Current ratio = 4.16

Current liabilities = $820,000.

Cash and Marketable securities = $657,096

Net sales = $28,400,000

Per day sale = ?

Calculation:

Current ratio = Current assets / current Liabilities

4.16 = Current assets / $820,000

4.16 x $820,000 = Current assets

$3,411,200 = Current assets

Inventory turnover ratio = Net sales / Average Inventory

20 = $28,400,000 / Inventory

$28,400,000 / 20 = Inventory

$1,420,000 = Inventory

Average Receivable = current assets - Cash and Marketable securities -Inventories

= $3,411,200 - $657,096 - $1,420,000

Average Receivable = $1,334,104

Outstanding daily sales = (Average receivables / Net sales )Number of days in a year

= $1,334,104 / $28,400,000)365

= 17.15 days (approx)

4 0

3 years ago