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3 years ago

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

2017

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

Accounts receivable turnover = 10.94

2016

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

Accounts receivable turnover = 9.45

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

2017

Average collection period = 365/10.94

Average collection period = 33 days

2016

Average collection period = 365/9.45

Average collection period = 39 days

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Phoenix [80]

An increase in jobs and inflation.

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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

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I hope my answer helps you

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3 years ago

Select the correct answer.

never [62]

Answer:

Explanation:

to calculate gross profit for a given accounting period

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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.

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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

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= 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