1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BigorU [14]
3 years ago
5

The following data are taken from the financial statements of Bar Harbor Company:

Business
1 answer:
nikdorinn [45]3 years ago
7 0

Answer:

a. Accounts receivable turnover = Net sales on account/Average accounts receivable

<u>2017</u>

Accounts receivable turnover = $5,800,000/$530,000

Accounts receivable turnover = 10.94

<u>2016</u>

Accounts receivable turnover = $5,200,000 / $550,000

Accounts receivable turnover = 9.45

b. Average collection period = 365 days/Accounts receivable turnover

<u>2017</u>

Average collection period = 365/10.94

Average collection period = 33 days

<u>2016</u>

Average collection period = 365/9.45

Average collection period = 39 days

You might be interested in
If private investors put a lot of money into the U.S. economy, the gross domestic product will increase. What else will likely o
Phoenix [80]
An increase in jobs and inflation.
8 0
3 years ago
Determine whether each transaction below would be included in GDP, and if so, indicate which category it would fall under Assume
AfilCa [17]

Answer:

A. Included in GDP under government expenditures

B. Not included in GDP 

C. Included in GDP under consumption expenditures

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Gross domestic product can be calculated using the expenditure approach:

GDP = Consumption spending on both durable and non durable goods and services + business spending on cqpital goods + Government Spending on public goods and services + Net Export

Items not included in the calculation of GDP are :

1. Transfer payments

2. Illegal activities

3. Purchase of shares

4. Intermediate goods

I hope my answer helps you

5 0
3 years ago
Select the correct answer.
never [62]

Answer:

d

Explanation:

to calculate gross profit for a given accounting period

3 0
3 years ago
Broderick oversees the activities involved in creating the right goods and services in the right quantities and distributing the
Neko [114]

Answer: True  

                                 

Explanation:  In simple words, operations management refers to the process in which an individual or an entity oversee the activities that are performed with an organisation with the objective of attain highest level of efficiency.

In operational management, the manager makes sure that the raw material would be combined with the labor force in such way that production level could be maximized which further results in hither level of profits.

     Hence from the above we can conclude that the given case depicts operational management.

7 0
3 years ago
An owner of a six-family apartment complex pays the property manager an annual salary equal to 6% of the property's annual gross
zhannawk [14.2K]

Answer:

The property manager's annual salary is $42,000

Explanation:

In the question, it is mentioned that the property manager salary equals to the 6% if the property annual gross income, and the property annual gross income is $700,000

So, the property manager salary equals to

= Property annual gross income × 6%

= $700,000 × 6%

= $42,000

The annual expenses and capitalization rate is irrelevant. Thus, it is ignored in the computation part.

Hence, the property manager's annual salary is $42,000

8 0
3 years ago
Other questions:
  • A bank provides its customers mobile applications that significantly simplify traditional banking activities. For example, a cus
    8·1 answer
  • On September 1, 2020, Vaughn Manufacturing issued a note payable to National Bank in the amount of $1440000, bearing interest at
    11·1 answer
  • Constance tells Jill, her best employee, that: "Your work is so good, if I like what you do over the next six months, I’ll give
    14·1 answer
  • United Resources Company obtained a charter from the state in January of this year. The charter authorized 206,000 shares of com
    11·1 answer
  • Suppose you deposit $1,633.00 into and account 9.00 years from today into an account that earns 14.00%. How much will the accoun
    14·1 answer
  • Which of the following statement is not true about derivative contracts?
    8·1 answer
  • The following information is available from the current period financial statements: Net income $150,000 Depreciation expense 28
    6·1 answer
  • If you are interested in buying a new pair of sneakers, you could go to Foot Locker where you will find several different brands
    9·1 answer
  • Explain how companies choose employees to consider for promotion.
    7·2 answers
  • At the beginning of 2020, Concord Company acquired a mine for $3,251,600. Of this amount, $124,000 was ascribed to the land valu
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!