Answer:
The correct answer is b. Benchmarking
.
Explanation:
Benchmarking is a system where some products or services and any other activity that stands out in another organization are taken as "references", in order to compare them with those carried out internally and to make improvements or adjustments to the processes. This process takes into account both leading activity or good practices, and determines to some extent levels of effectiveness that are achieved within an organization. Companies take this activity to determine their direction, emphasizing their internal situation and adapting the processes to achieve the best possible efficiency.
<h3>T
he definition (and 1 or 2 examples) of planned, mixed, and market economies.</h3><h3><u>
Explanation:</u></h3>
A free market economy is a planned economy. It is also termed as command economy in which the decisions regarding the production of goods and services and the rules are framed by the government. So me of the examples of this type of economic system includes, Former soviet Union and China.
An economic system that contains the decisions that are taken by both private and government or state owned entities. They have the authority regarding the owing, marketing and selling of the goods and services. U.S and France are the examples of this type.
The laws associated with the supply and demand directing the goods and services production is the market economy. The availability of the natural resources,land and labor, capital are the supplies. Demands includes business, consumers and government purchases. U.S economy is an example of this types.
Answer:
The days' sales in receivables are 78 days.
Explanation:
Days Sales Receivable is also know as Days receivables. It is an method of estimation of a company for the receivables value. it measure the numbers of days at average account receivable take after sales to convert into cash.
Formula for Days Sales Receivable is as follow
Days Sales Receivable = (Average Account receivable / Credit Sales) x 365
Average Account receivable = (Beginning account receivable + Ending account receivables) / 2
Average Account receivable = ($22,000 + $18,000) / 2 = $20,000
net Credit sales = $94,000
Placing Value in the formula
Days Sales Receivable = ($20,000 / $94,000) x 365 = 77.66 days
