Answer:
46.07 days
Explanation:
Calculation for the firm's days' sales uncollected for the year
Using this formula
Days' Sales Uncollected Ratio = Ending Accounts Receivable/Net Sales * 365
Let plug in the formula
Days' Sales Uncollected Ratio = ($76,422/$605,500) * 365
Days' Sales Uncollected Ratio = 46.067 days
Days' Sales Uncollected Ratio = 46.07 days Approximately
Therefore the firm's days' sales uncollected for the year is: 46.07 days
Answer:
b. Overvalued
Explanation:
Overvalued stocks are securities that trade higher than their fair market value, i.e. the value that the company's fundamentals, such as earnings or revenues justify.
The correct answer to this open question is the following.
Although there are not options provided, we can say that some additions that could be implemented which are aligned with this company’s values are the inclusion on the menu of organic food, vegan food, and kosher products so all kinds of customers can find a good option in the restaurant.
Another important thing is the way to market and communicate their innovations to consumers. In college, the son should have learned that the way a restaurant markets its products and services is as important as the kinds of food it offers.
What’s the Acronym? (A acronym is like LOL, or OMG)
