Answer:
A) The account receivables turnover is 15, and B) the number of days sales in receivables is 24.3 days.
Explanation:
A) FORMULA FOR ACCOUNT RECEIVABLES TURNOVER =
NET SALES / AVERAGE ACCOUNT RECEIVABLES
Given information -
Net sales = $1500,000
Average account receivables = $100,000
Putting the values in formula -
= $1500,000 / $100,000
= 15
B) FORMULA FOR NUMBER OF DAYS SALES IN RECEIVABLES =
365 / ACCOUNT RECEIVABLES TURNOVER
= 365 / 15
= 24.3 DAYS
Option B
George face in the given scenario is a perceptual barrier
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Explanation:</u></h3>
Perceptual barriers are the subconscious barriers that we build because of the thoughts that we hold of specific people, circumstances or situations throughout us. Perceptual barriers to communication are likewise challenging to understand and decode correctly because they take spot mentally.
The difficulty in communicating with others transpires because we all notice things uniquely based on each individual’s unparalleled expertise. By cracking down and examining our opinions about others, we can connect the communication gaps that occur because of our usual perceptual differences.
Explanation:
Accounts receivable is money owed to a company by its debtors.
Account payable amounts due to vendors or suppliers for goods or services received that have not been yet paid for.
Answer: c. rightward shift of a demand curve.
Explanation:
When there is movement along the demand curve, this is due to a change in the price of the good.
However, an increase in demand is noted by a rightward shift in the Demand curve. This is to signify that the demand has changed even though the price had remained the same. This shift is meant to signify that something else apart from price has caused an increase in demand such as an increase in income. After the shift, the price will have to change to reflect a new Equilibrium which will be the new intersection point with the Supply Curve.
I have attached a graph showing what happens when Quantity Demand increases.
Answer:
Responsiveness
Explanation:
Segmentatiom is the process by which a business targets a group of customers based on shared characteristics which may include education, income, age, race, location, and so on.
Responsiveness is the stage of segmentatiom where the appeal of the product to customers are tested. It is a very important stage. If customers don't respond positively to a product the aim of targeting them is defeated.
Sunrise foods used surveys and blind taste tests to guage the responsiveness of the segment to the new line of meatless breakfast sandwiches. The result was a favourable reaction from the segment to the new product offering.
