Answer:
sales forecasting
Explanation:
Sales forecasting is a mathematical tool or process to estimate the amount of sales for a product over a given period of time.
Sales forecasts helps companies to make better business decisions so as to analyse the short-term and long-term performance.
The basis for the forecast are generally the past sales data of the product, industry-wide comparisons, and the economic trends for the related products.
Answer:
Accounts receivables -under-the-Hill 11,700 debit
credit card fees expense 300 debit
sales revenues 12,000 credit
Explanation:
The credit card fee is considered an expense
$12,000 x 0.025 = 300
We will debit our accounts receivables for the difference between the 12,000 billed and the fee charged for Under-the-Hill credit car:
12,000 - 300 0 11,700
Answer:
Margin of safety= 950 units
Explanation:
<u>First, we need to calculate the break-even point in units:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 42,000 / (54 - 14)
Break-even point in units= 1,050
<u>Now, the margin of safety in units:</u>
<u></u>
Margin of safety= (current sales level - break-even point)
Margin of safety= 2,000 - 1,050
Margin of safety= 950 units
Answer:
The company's average days to collect receivables is 18.25 days.
Explanation:
For computing the company's average days to collect receivables, first we have to calculate the account receivable turnover ratio. The formula is shown below
Account Receivable Turnover ratio = Net credit Sales ÷ Average accounts receivable
where,
Net credit sales is given
And, the average accounts receivable = (Year 1 + Year 2) ÷ 2
= ($15,000 + $12,000) ÷ 2
= $13,500
So, Account Receivable Turnover ratio = $270,000 ÷ $13,500 = 20
Now, average days to collect receivables = Number of days in a year ÷ Account Receivable Turnover ratio
= 365 ÷ 20
= 18.25 days
Hence, the company's average days to collect receivables is 18.25 days.
Because common shareholders are entitled to the profits that remain after all of a corporation's other obligations have been met, common shareholders are known as Residual owners.
<h3>What does Shareholders means?</h3>
A shareholder (in the US frequently alluded to as investor) of a company is an individual or legitimate substance.
A body politic, a trust or organization) that is enlisted by the partnership as the lawful proprietor of portions of the offer capital of a public or confidential partnership. The impact of a shareholder on the not entirely set in stone by the shareholding rate claimed. Shareholders of a company are legitimately isolated from the actual enterprise.
They are for the most part not at risk for the organization's obligations, and the shareholders' responsibility for organization obligations is supposed to be restricted to the neglected offer cost except if a shareholder has offered ensures. The company isn't expected to record the helpful responsibility for shareholding, just the proprietor as recorded on the register.
Therefore Shareholders might have procured their portions in the essential market by buying into the Initial public offerings.
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