Answer:
A ). Look at competitors' sales and profitability
Explanation:
A new business is a fresh entrant in the market. It does not have records to use in projecting future sales. The company will operate in a competitive industry. To be able to predict its sales, the business will have to rely on data from other firms in the industry.
A study of its competitor's sales and profits will provide the business with a clear picture of what to expect. The new entrant figures should not vary with its competitors with huge differences.
Using guesswork is will probably mislead the directors of the business. Most likely, they will get over-ambitious, which will frustrate them when they begin operations. As they are new, they cannot use the previous year's receipts.
The correct option is this: CHECKING SCENARIOS WITH VARIABLE DOWN PAYMENT.
A data table is a range of cells, which shows how changing one or two variables in one's formula can affect the value of that formula.
In excel, instead of creating several scenarios, one can create a data table with which one can quickly try out different values for formula.<span />
The journal entry to record the given sale of $200 on credit would include a debit to the bill receivables account.
<h3>What is a journal entry?</h3>
A systematic and chronological record of financial transactions that take place in a business organization during a given period is known as a journal entry.
Hence, the significance of journal entry is given.
Learn more about a journal entry here:
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Answer:
The $600,000 amount is required to financing so that the cash conversion cycle can be supported
Explanation:
For computing how much financing is required, first we have to compute the cash conversion payable which is shown below:
Cash conversion cycle = Average age of inventory + Average collection period - average payment period
= 65 + 60 - 65
= 60 days
Now, we have to apply the financing formula which is shown below:
= Firm total annual outlays for operating cycle investment × cash conversion cycle ÷ total number of days in a year
= $3,650,000 × 60 days ÷ 365
= $3,650,000 × 0.16438
= $600,000
Hence, the $600,000 amount is required to financing so that the cash conversion cycle can be supported
The Hawthorne studies taught managers that communication with the employees is essential for higher productivity and efficiency. One theory in the human relations subject which is criticised is Maslow's hierarchy of needs.
