Answer:
The accounts receivable turnover rate is 21.73
Explanation:
The formula for accounts receivable turnover is
365/Average days to collect.
This way we can find how many times a year does the company collect payments for its accounts receivable, so when we divide the total number of days in a year by the average number of days to collect we can calculate how many times we collect payment for accounts receivable.
In the question we are given the average days to collect which is 16.8
We have to put that into a formula
365/16.8=21.73
Answer:
Inelastic: Demand for business goods tends to be me more inelastic than demand for consumer goods.
Explanation:
I already did this before. ur welcome
Answer:
The correct option is these statements are true
Explanation:
Margin of safety is the measure of the reduction in sales that needs to be recorded before a company makes no profit,invariably the difference the planned sales volume and the sales volume required to break even(makes no profit no loss).
The margin of safety can be expressed in volume,say 100 units of a product,in dollar terms ,say each product sells for $100 each,the margin of safety becomes $10,000($100*100) and can also be expressed in percentage terms depending on the way management wants it stated.
Answer:
Positioning strategies
Explanation:
In business , positioning strategies refers to the efforts that a company can do to influence some sort of perception toward their brands.
In the example above, Markup artfully arranged his products and priced to indicate product rarity in upscale neighborhood.
He did this because for customers with high economic power, presentation of a certain product will create the perception that owning that product indicates high social status. This probably held more value compared to the actual use function of the product itself.
On the other hand, he left his products in open boxes and placed haphazardly on shelves when targeting customers with lower income. He did this because among customers with lower income, presentation tend to matter less compared to the actual function of thier brand.
Answer:
D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500
Explanation:
The journal entry to record the merchandise return is shown below:
Account payable A/c Dr $1,500
To Merchandise inventory A/c $1,500
(Being returned inventory is recorded)
For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done
