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2 years ago

Education opens the door emplyment

Business

1 answer:

iragen [17]2 years ago

4 0

Answer:

For people, it opens up a world of opportunities, reduces the burden of disease and poverty, and gives greater voice in society. For nations, it opens doors to economic and social prosperity, spurred by a dynamic workforce and well –informed citizenry able to compete and cooperate in the global arena

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Essence of Skunk Fragrances Calculate the average collection period. (Do not round intermediate calculations and round your answ

Greeley [361]

Answer:

1. Average collection period 41.25 days

2. Receivable Turnover 8.84848485

3. Average Receivable $521,558.22

Explanation:

1. Calculation for Average collection period

First step is to calculate the Percentage of customers not receiving discounts

Percentage of customers not receiving discounts = 100% - 65%

Percentage of customers not receiving discounts= 35%

Now let calculate Average collection period

Average collection period = (65% * 15) + (35% *90)

Average collection period = 9.75 + 31.5

Average collection period= 41.25 days

Therefore the Average collection period is 41.25 days

2. Calculation to determine the Receivable Turnover using this formula

Receivable Turnover = 365 / Average collection period

Let plug in the formula

Receivable Turnover = 365/41.25

Receivable Turnover = 8.84848485

Therefore the Receivable Turnover is 8.84848485

3. Calculation to determine the amount of the company’s average receivables

First step is to calculate the Total Credit Sales

Total Credit Sales = $6,500 * $710

Total Credit Sales= $4,615,000

Now let calculate the Average Receivable using this formula

Average Receivable =Credit sales / Receivable turnover

Let plug in the formula

Average Receivable= $4,615,000 /8.84848485

Average Receivable= $521,558.22

Therefore Average Receivable is $521,558.22

6 0

2 years ago

Making sales to a customer on credit is an example of a ________ decision, and would be the responsibility of the __________.

PIT_PIT [208]

Correct/Complete Question:

Making sales to a customer on credit is an example of a ________ decision, and would be the responsibility of the __________.

A) Working Capital; Controller

B) Capital Structure; Controller

C) Capital Budgeting; Treasurer

D) Capital Structure; Treasurer

E) Working Capital; Treasurer

Answer:

E, Working Capital, Treasurer

Explanation:

A working capital refers to the capital required by a business to ensure its day-to-day business operations. It can also be said to be the capital available to businesses, the government,as well as other firms in need.

A treasurer in the other hand is an individual responsible for the financial management of an organization. By financial management of an organization, a treasure has the responsibility of analyzing and balancing the organization's bank statements, choosing what banks to be used by the organization, etc among other things.

Since a treasurer is responsible for managing financial service. of an organization, the treaurer reserves the power to sell to anyone on credit the treasure will know how to include that in the financial statement.

Cheers.

5 0

2 years ago

When reconciling a 6 column worksheet for a closing - after totaling up the debits and credits, the closing agent needed to add

enyata [817]

Answer:

A $30,000 payment the seller will receive from this closing.

Explanation:

The debit column represents the money the seller is receiving from this sale (seller's proceeds).

All the debit's correspond to money received by the seller (e.g. earnest money), while the credits correspond to payments carried out by the seller (e.g. any fees paid by the seller).

So if there is some amount that need to be debited at the end, it can only be money that the seller should receive.

5 0

2 years ago

Jason has a Visa credit card and the Annual Percentage Rate is 18%, what is the rate he will be charged interest on per month?

Keith_Richards [23]

Answer:

a. 1.5%

Explanation:

18% for 12 mo

18%/12 mo

1.5%/mo

5 0

2 years ago

State 5 advantage and 5 disadvantages of trade unions.

Nady [450]

Answer:

5 advantages/ higher wages, better benefits, your representatives, fair pay, better environment

Explanation:

5 disadvantages/ high labor cost, law suits, abritrations, and members can legally strike

3 0

2 years ago

Education opens the door emplyment​

Education opens the door emplyment