Answer:
Days' sales in receivables = 33.2 days
Explanation:
<em>Days sales receivables is the average length of time it takes a business to collect the amount owing in respect of credit sales transaction. The shorter the days, the better.</em>
Receivable days = Average receivables /Credit sales × 365 days
Net Income = Profit margin × Sales
Let "y" represent total sales
161,000 = 7.6% × y
y = 161,000/7.6%= 2,118,421.053
Credit sales = 66%× total sales
= 66%×2,118,421.053 = 1,398,158
Days' sales in receivables = 127100/ 1,398,158 × 365 days =33.18 days
Days' sales in receivables = 33.2 days
a) The school of management that the Management of XYZ Company Limited is applying is called <em>Mathematical or Quantitative School of Management.</em>
The Mathematical or Quantitative School of Management:
- Expresses management problems in equations, mathematical symbols, and quantitative models
- Encourages wide application of computer technology, simulations, and analytics
- Introduces precision to management thinking and practice
b) The Contingency School, unlike the Mathematical School of Management:
- Recognizes that not all management processes can be expressed with mathematical symbols and formulas.
- Identifies that mathematical models cannot replace sound judgment, which requires intuition and not equation.
- States that there is no single technique to solving management problems.
- Encourages managers to use any feasible management technique to solve problems, thereby thinking outside the box.
- Emphasizes that the applications of management principles and practices (process, behavioral, quantitative, and systems) should be contingent upon the prevailing circumstances.
Thus, with Contingency School, the tools of management thinking and practice should be applied based on prevailing situations and not mathematically with equations, models, and symbols.
Learn more about another School of Management Thought here: brainly.com/question/15557968
If purchasing power parity holds, when a country's central bank decreases the money supply, its <u>If purchasing power parity holds, when a country's central bank decreases the money supply, its price level (rises/falls) and its currency (appreciates/depreciates) relative to other currencies in the world. </u>
A theory of exchange rate determination and a means to compare average prices of goods and services between nations is purchasing power parity (PPP).
According to the hypothesis, fluctuations in the spot exchange rate are caused by importers' and exporters' actions, which are prompted by variations in prices across nations.
Alternatively, PPP contends that changes to a nation's current account may have an impact on the value of the currency's exchange rate on the foreign exchange (Forex) market.
In contrast, the interest rate parity theory postulates that fluctuations in the exchange rate are caused by investor actions (whose transactions are reported on the capital account).
The "law of one price" as it pertains to the overall economy is the foundation of PPP theory.
Hence, option A and D is correct.
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When someone is looking to hire someone for a job online or on a poster they will add a job description it gives a brief overview of what the job entails
Answer:
According to the classical theory of inflation, an increase in the money supply would cause aggregate demand curve to shift to the right. Output would increase and price level would increase. However, in the long run, would shift to the left. Output would reduce and the price level would continue to increase.
Explanation:
Inflation occurs in an economy when the overall price level increases and the demand of goods and services increases.
the classical theory of inflation explains how the aggregate price level gets determined through the interaction between money supply and money demand.
Tn the classical theory of inflation:
- Money is considered the asset which is utilized by people to purchase goods and services on a regular basis.
- Their view is that the general price is determined by the total demand for and total supply of goods just as the price of any good is determined by the forces of demand and supply for it.
- According to them inflation is a situation caused by excess demand, in which the total demand for goods as measured by the volume of money offered is in excess of supply of goods at prevailing prices.