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
ale4655 [162]
3 years ago
6

Marion Industries has an average accounts receivable turnover ratio of 12 times per year whereas most of its competitors have a

ratio nearer to 8 times. This suggests that Marion's management should consider: multiple choice using stricter credit terms more aggressive collection efforts to avoid having its resources tied up in accounts receivable using more liberal credit terms to increase sales the need to sell for cash rather than on credit
Business
1 answer:
deff fn [24]3 years ago
5 0

Answer:

C. using more liberal credit terms to increase sales

Explanation:

According to the question  it is given that the ratio of account receivable turnover has measured that comes 12 times which means it took 30 days

= 365 ÷ 12

= 30.41

= 30 days

But according to the competition, the ratio of account receivable turnover is 8 times so the competitor took 45 days

Therefore the Management of marian would have more liberal credit terms that would increase the sales

You might be interested in
Which best explains why the law of supply operates the way it does in a free enterprise economy?
postnew [5]

Answer:

D: Companies want to be as profitable as possible.

Explanation:

On quizlet.

6 0
3 years ago
Stone Industries uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing overhead is: $48,000 variable
Fiesta28 [93]

Answer:

$3,000 favorable

Explanation:

The computation of actual and budgeted costs is shown below:-

                    Budgeted                                     Actual

                    (18,000 units)                             (18,000 units)

Variable        $54,000

                    ($48,000 ÷ $16,000) × $18,000

Fixed            $270,000

Total              $324,000                                   $321,000

Therefore, Actual cost is less than Budgeted, so the difference between actual and budgeted costs is $3,000 is favorable.

3 0
4 years ago
The ways in which people are similar or different from one another is
9966 [12]
Your answer would be B. diversity
7 0
3 years ago
Read 2 more answers
April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 60,000
yawa3891 [41]

(a) $100,000/10000 = $10

(b)

actual price to produce 1 park bench

= ($240,000/60,000) x 5 = $20

so the direct material price variance in august

= (10-20) x 10,000 = - $100,000

3 0
2 years ago
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaste
olga2289 [7]

Answer:

$2,400 Favourable

Explanation:

direct labor price (rate) variance =(Aq×Ap)-(Aq×Sp)

                                                      =(6,000×$6.40) - (6,000×$ 6.80)

                                                      = $2,400 Favourable

Ap = (48,000×80%)/6,000

     = $6.40

6 0
3 years ago
Other questions:
  • Bayou Belle Water sells water drawn only from a single artesian well in southern Louisiana. It has a loyal following in its regi
    8·1 answer
  • Which of the following is an advantage of a CD?
    13·1 answer
  • Once April has the photo in her document, she wants to make several changes to it. What DTP feature is the best tool for April t
    14·2 answers
  • Mega Loan Company has very stringent credit requirements and, accordingly, has negligible losses from uncollectible accounts. Th
    8·1 answer
  • The following computations were made from Clay Co.'s current-year-end books:Number of days' sales in inventory 61Number of days'
    11·1 answer
  • Strum Hardware has total assets of $50,000. What are the total assets if new equipment is purchased for $10,000 cash?
    8·1 answer
  • In a marketing plan, the financial projections include a sales forecast, expense forecast, and ________. A. break-even analysis
    15·1 answer
  • During its most recent fiscal year, Raphael Enterprises sold 270,000 electric screwdrivers at a price of $17.10 each. Fixed cost
    6·1 answer
  • Jeff is trying to buy a new car. Which of the following may cause him not to be able to get a loan to purchase the car?
    13·1 answer
  • Scenario: Elly owns a small coffee shop. She has only one employee. One weekend, she decides to take a break from work. She is w
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!