Answer:
The answer is a. 46 days.
Explanation:
The average collection period is the time it takes on average to receive the cash from the credit sales. It is the time period for which an average accounts receivable pays the company. The formula for average collection period is,
Average collection period = (Average accounts receivable / Net sales) *365
Where 365 is taken as the number of days in a year.
The average of accounts receivables can be calculated by adding the opening and closing accounts receivables and dividing them by 2.
Average accounts receivables = (465.4 + 482.6) / 2 = 474 million
Average collection period = (474 / 3746) * 365 = 46.185 days rounded off to 46 days.
Answer:
those assets regularly used to buy goods and services.
Explanation:
Depending on whether you are an economist, an accountant or work in finance, the term money may mean different things. Generally economists use the term money to refer to very liquid assets which are used to purchase the goods and services that we use on our everyday life. Economists distinguish money as assets that perform the basic functions of money:
- medium of exchange
- unit of accounting
- store of value
Answer:
Invariably, the cost of the product will rise. A relatively increase in supply parts directly influences the price of a product.
1. Right-click on the tab of the worksheet you want to rename to open the context menu.
2. Click on Rename in the menu list to highlight the current worksheet name.
3. Type the new name for the worksheet.
4. Press the Enter key on the keyboard to complete renaming the worksheet.
Answer:
$700
Explanation:
The computation of the average dividend amount paid is as follows:
Total net income for first four years is
= $6,000 + $4,000 + $7,000 - $3,000
= $14,000
And, the ending retained earning balance after 4 years is $11,200
So, the dividend payment would be
= $14,000 - $11,200
= $2,800
For per year it would be
= $2,800 ÷ 4 years
= $700
