Answer: Offer incentives to Customers to reduce Collection time.
Explanation:
Hanson’s Furniture Store should work to reduce the amount of time it takes to collect payments from customers. It takes them over 2 months to collect payments on average and compared to a payables payment in 30 days that's quite troublesome.
They should therefore work to reduce their Receivables Collection time.
One way they can do that is to offer incentives such as trade discounts. A popular one would be the 2/10, net 30 rule. This means that the customer would get a 2% discount if they pay in 10 days or else they will pay the full amount in 30 days. This incentive can go a long way in reducing Payables collection periods.
Answer:
They must be severely punished.
Explanation:
Common crimes earlier were more threat full to the society than any other act and that is the reason they were mentioned more.
Since, the new era has new crimes, and one of the kind is white collar crimes which happens when companies’ heads try to misguide people with false financial reports, adding more losses to avoid taxes and sometimes showing more profit to attract potential investors, now it has become even severe.
Whichever the case, both crimes ultimately effect society and its stakeholders, however, common crimes are more frequent than white collar crimes.
Hence, they must be severely punished because they are committing crimes under the disguise of an innocent professionals.
Answer:
$344,000
Explanation:
Assets can be calculated by applying the accounting equations. In the accounting equations
Assets = Liabilities + Equity
In this case, liabilities are $117,000 and Equity is $227,000.
Therefore,
Assets = $117,000 + $227,000
Assets = $344,000
To raise an employee’s satisfaction,l the manager should
consider intrinsic parts of the job to be the most important thing. The correct
answer is letter C. the intrinsic parts of the jobs are factors that is a part
of the job itself. Such things are the feedback, challenge, responsibility and
the characteristic of the job.
Answer:
The correct answer is $326,300.
Explanation:
According to the scenario, the computation of the given data are as follows:
List price = $300,000
Discount = 2%
So, Price after discount = $300,000 × 98% = $294,000
Sales tax = $15,000
Installation Charges = $5,300
Concrete slab = $12,000
So, we can calculate the Total cost by using following formula:
Total cost = Price after discount + Sales tax + Installation Charges + Concrete slab
= $294,000 + $15,000 + $5,300 + $12,000
= $326,300
