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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

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Countries A,B, and C with respective total populations 50 million, 18 million, and 15 million also have annual GDP as:
gogolik [260]

Answer: D. A = $8560 ,B= $11111 and C= 466$

Explanation:

Country A

Annual GDP = $428 billion

Population = 50 million

Annual GDP per person = $428 billion / 50 million = $8560

Country B

Annual GDP = $20 billion

Population = 18 million

Annual GDP per person = $20 billion / 18 million = $1111

Country C

Annual GDP = $7 billion

Population = 15 million

Annual GDP per person = $7 billion / 15 million = $466.

The correct option is D.

5 0
3 years ago
Under a system of floating exchange rates, changes in the value of the U.S. dollar relative to other currencies are the result o
topjm [15]

Answer:

d. changes in the supply of and/or demand for dollars in the global currency market.

Explanation:

Floating exchange rate can be defined as a system in the  macro economics or in economic policy where mechanism of the currency price of any country or nation can be determined by the forex market which is based on the supply and the demands relative to some other country's currencies.

In result of the foreign exchange values, the currency value of one country fluctuates.

Thus in the context, the value of dollar of United States changes depending on the changes or exchanges of dollar in the global market of currency.

8 0
3 years ago
Which of these transactions occurring in 2011 would contribute to gdp for 2011?
skad [1K]

The transactions occurring in 2011 that would contribute to gdp (Gross Domestic Product) for 2011 is : Boeing sells a 787 aircraft produced in 2011 to a Korean airline.

8 0
3 years ago
Sawchuck Consulting has been profitable for the last 5 years, but it has never paid a dividend. Management has indicated that it
Scorpion4ik [409]

Answer:

The correct answer is d

5 0
3 years ago
Read 2 more answers
When Heavenly Cookies prices its sugar cookies at $1.00, they sell 75 cookies. They lowered the price to $0.50 and sold 200 cook
Arisa [49]

Answer:

Option (b) is correct.

Explanation:

At selling price = $1 and No. of units sold = 75 cookies,

Total revenue = selling price × No. of units sold

                       = $1 × 75 cookies

                       = $75

At selling price = $0.50 and No. of units sold = 200 cookies,

Total revenue = selling price × No. of units sold

                       = $0.50 × 200 cookies

                       = $100

Therefore, there is a rise in the total revenue from $75 to $100 and hence, price elasticity of demand for sugar cookies is elastic.

6 0
3 years ago
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