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grigory [225]
3 years ago
6

Powers Company reported net sales of $1,250,000, average Accounts Receivable, net of $73,500, and net income of $53,150. The acc

ounts receivable turnover ratio is:
Business
1 answer:
ipn [44]3 years ago
4 0

Answer:

17 times

Explanation:

Data provided in the given question :-

Net Sales = $1,250,000

Average account Receivable = $73,500

Net Income = $53,150

So, the accounts receivable turnover ratio is given below :-

Accounts receivable turnover ratio = Net sales ÷ Average accounts receivable

= $1,250,000 ÷ $73,500

= 17 times

Hence the net income is ignored for calculating the account receivable turnover ratio.

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One of the following is not involved in CVP analysis. a. sales mix. b. unit selling prices. c. fixed costs per unit. d. volume o
Contact [7]

Answer:

c. fixed costs per unit

Explanation:

Cos-Volume-Profit ( CVP ) analysis has five components as follows:

  1. Selling price per unit
  2. Variable cost per unit
  3. Total fixed cost
  4. Level of Activity / Volume of activity
  5. Sales mix of the products

Total fixed is used for CVP analysis. Fixed cost per unit is irrelevant so correct answer is c. fixed costs per unit.

5 0
3 years ago
Which of the following is the objective of life insurance?
Romashka [77]

Answer:

its both b and c

8 0
3 years ago
Suppose the supply function for avocados is Q = 58 + 15p - 20p_f. where P_f is the price of fertilizer. If the price of fertiliz
Veseljchak [2.6K]

Answer:

-22.

There will be the decrease in price hence the supply curve shifts to the left.

Explanation:

So, it is given from the question above that the supply function for avocados is Q = 58 + 15p - 20p_f.

The p_f given in the question = $1.10 which is the price given for the fertilizer as it rises that is to say it rises at that amount.

If the price increases by $1.10, then we have a reduction of -( 20 × 1.10) = -22.

Kindly note that the negative sign denotes the reduction in supply. This reduction causes the supply curve to shift to the left.

The diagram for the supply curve Is given in the attached picture.

5 0
3 years ago
Ceteris paribus, if the corn crop is 15 percent larger this year than it was last year, farmers will have to ________ the price
Yuki888 [10]

Answer:

Reduce and  more than 15 percent

Explanation:

As Inelastic Demand state that the percentage change in quantity demanded is less than the percentage change in price. Therefore, if the crop is 15 percent higher, farmers will have to reduce the cost of corn by 15 percent to sell the new crop. We know that supply and price share an inverse relationship to reduce sales as supply increases and new crops grow.

7 0
3 years ago
Glenn is the R&D manager with Quick Print Inc. The company is having a problem with one of its most popular copiers jamming.
xeze [42]

Answer:

Problem Analysis

Explanation:

Problem analysis also known as 'root cause' analysis ensures that “root causes,” not just the symptoms of the problem, are identified and subsequently addressed.

This step comes after the problem identification stage of problem solving.

Therefore as stated in the scenario ''When Glenn analyzes the underlying causes of the paper-jam problem, he is performing the function of problem analysis

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4 years ago
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