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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

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If the labor force is 320,000 and the total population 16 years of age or older is 400,000, the labor-force participation rate i
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Answer:

80 %

Explanation:

Given that,

Labor force = Employed people + Unemployed people

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Total population 16 years of age or older = 400,000

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= (320,000 ÷ 400,000) × 100

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On November 1, 2021, Aviation Training Corp. borrows $46,000 cash from Community Savings and Loan. Aviation Training signs a thr
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Answer:

<u>Record the issuance of note. </u>

November 1, 2021

Dr.   Cash                   46000

Cr.   Note Payable     46000

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Cr.   Interest Payable     460

(46000*6%)*3/12 = 460

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* At the year end the interest expense is accrued and recorded as interest payable.

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For the scenario below, determine the legality of the company's actions.
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Explanation:

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