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Aleksandr [31]
3 years ago
8

Which is the best option for people who need the items immediately but cannot pay cash now? choosing installment plans for both

items choosing rent-to-own plans for both items saving up enough money before buying either item splitting the items between installment and rent-to-own plans
Business
1 answer:
belka [17]3 years ago
8 0

Answer:

A. choosing installment plans for both items

Explanation:

on edge

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The 2013 income statements of Leggett & Platt, Inc. reports net sales of $3,746.0 million. The balance sheet reports account
Mamont248 [21]

Answer:

The answer is a. 46 days.

Explanation:

The average collection period is the time it takes on average to receive the cash from the credit sales. It is the time period for which an average accounts receivable pays the company. The formula for average collection period is,

Average collection period = (Average accounts receivable / Net sales) *365

Where 365 is taken as the number of days in a year.

The average of accounts receivables can be calculated by adding the opening and closing accounts receivables and dividing them by 2.

Average accounts receivables = (465.4 + 482.6) / 2 = 474 million

Average collection period = (474 / 3746) * 365 = 46.185 days rounded off to 46 days.

7 0
3 years ago
Read 2 more answers
The city of Brittainville’s Special Revenue Fund levied $350,000 in taxes, of which 1% was expected to be uncollectible during t
Arturiano [62]

Answer:

fund balance will increase by $404,000

Explanation:

Given data:

Fund levived in taxes $350,000

1% of fund expected to be uncollectible

Amount of fund collected $7500 as interest revenue

$ 50,000 transferred to general fund

As  it is given 1% is uncollectible , remaining value would be

= $350,000- $3,500    (1% * $350,000)

= $346,500

The other inflows are $7,500 + $50,000,

Total inflow is  =  $57,500.

Total transaction =  $346,500 + $57,500 = $404,000

8 0
3 years ago
How does the federal trade commission regulate business as an administrative agency?.
shusha [124]

The FTC is empowered to enforce rules of trade regulation that define unfair or deceptive actions or practices in great detail and to report to and advise Congress on legislative matters related to the economy. This is further explained below.

<h3>What is the federal trade commission?</h3>

Generally, The Federal Trade Commission (FTC) is a non-departmental executive body of the United States government charged with protecting consumers and enforcing federal antitrust laws.

In conclusion, The FTC is empowered to enforce laws of trade regulation that define unfair or deceptive actions or practices in great detail, and it may also report to Congress on economic matters and provide policy suggestions.

Read more about the federal trade commission

brainly.com/question/891256

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4 0
2 years ago
Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all c
Luda [366]

Answer:

$34.39

Explanation:

EBIT = EBT + Interest Expense

EBIT = 369.00 + 50  

EBIT = $419

Tax Rate = Tax / EBT

Tax Rate = 147.60 / 419

Tax Rate = 0.352267

Tax Rate = 35.23%

Working Capital, 2017 = Current Assets, 2017 - Current Liabilities, 2017

Working Capital, 2017 = 595 - 345

Working Capital, 2017 = $250

Working Capital, 2016 = Current Assets, 2017 - Current Liabilities, 2017

Working Capital, 2016 = 430 - 265

Working Capital, 2016 = $165

Change in Working Capital = Working Capital, 2017 - Working Capital, 2016

Change in Working Capital = $250 - $165

Change in Working Capital = $85

Capital Expenditure = Net Fixed Assets, 2017 - Net Fixed Assets, 2016

Capital Expenditure = $304 - $152

Capital Expenditure = $152

Free Cash Flow = EBIT * (1 - Tax Rate) - Change in Working Capital - Capital Expenditure

Free Cash Flow = $419*(1- 35.23%) - $85 - $152

Free Cash Flow = $271.39 - $85 - $152

Free Cash Flow = $34.39

7 0
3 years ago
Consumers have described apple's products as imaginative and up-to-date. the brand is also considered daring, changing the tradi
hoa [83]

Apple can best be described as having brand competence. he attributes represented by this brand personality are intelligence, success, reliability, and expertise. Apple is known for innovative products, reliability, and expertise in the field.

7 0
3 years ago
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