Knowing how to find workable solutions to problems can help you stay on track to meet your goals
Answer:
a) The time that elapses between invoicing and payment in terms of days:
= 55 days (54.7)
b) Annual Holding Cost of Inventory = $450,000.
Explanation:
a) Data and Calculations:
Average Accounts Receivable = $45 million
Worth of PCs manufactured = $300
Period of days in a year = 360 days
Accounts receivable turnover ratio = Net Sales/Average Receivable
= $300/$45 = 6.67
Accounts receivable days = 365/6.67 = 55 days
Annual holding cost of inventory:
= Average accounts receivable * Interest rate
= $45,000,000 * 10%
= $450,000
We know he is paid $4,200, and we also know he makes 2% on everything over $50,000. He made $60,000 which is $10,000 over the minimum, so he made 2% of $10,000. Multiply 0.02 times 10,000 and you get 200. We then add 200 to his base pay of 4,200 and we get 4,400.
The answer is B- $4,400.
Hope that helps!
Answer: Real GDP does not fluctuate if growth is occurring.
Explanation:
Answer:
Proportional Tax
Explanation:
A proportional tax imposes the same flat rate (in %) on income as payable tax.
Other types of taxes are Progressive and Regressive Tax. In progressive, the higher you earn, the higher tax you pay while in Regressive, the higher you earn, the lower income tax paid and vice versa.
