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Debora [2.8K]
2 years ago
10

Granger Corporation had $208,000 in sales on account last year. The beginning accounts receivable balance was $25,000 and the en

ding accounts receivable balance was $29,000. The corporation's average collection period was closest to: (Round your intermediate calculations to 2 decimal places.)
Business
1 answer:
Misha Larkins [42]2 years ago
4 0

Answer:

the average collection period is $27,000

Explanation:

The computation of the average collection period is shown below:

The Average collection Period is

= (365 × Average Accounts Receivable) ÷ sales Revenue

= (365 × $27,000) ÷ $208,000

= 47.38 days

The average account receivable is

= ($25,000 + $29,000) ÷ 2

= $27,000

hence, the average collection period is $27,000

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Frederick Taylor, the founder of scientific management, examined labor efficiency and effectiveness. His goal was to change: Gro
weqwewe [10]

Answer:

the relationship between management and labor from one of conflict to one of cooperation.

Explanation:

The goal of Frederick Taylor and scientific management is to increase labor efficiency. He proposed specialization and training in order to have more efficient workers that can produce more per hour. At the same time, Taylor advocated for higher pay if efficiency and productivity increased. For example, if a worker produces 100 units, he/she should be paid twice than a worker that produces only 50 units.

8 0
2 years ago
Audits may be characterized as
hammer [34]

Answer:

(a) 2 and 9

(b) 5, 6 and 7

(c) 1, 4 and 8

(d) 3

Explanation:

(a) financial statement audits,

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(c) economy and efficiency audits, and

1. Analyze proprietary schools’spending to train students for low-demand occupations ( governmental auditors  )

4. Compare costs of municipal garbage pickup services to comparable services subcontract to a private  business. ( internal auditors )

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(d) program results audits.

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4 0
3 years ago
Read 2 more answers
HealthStore Inc. provides a broad and diverse range of services for the healthcare industry. It also manufactures a variety of h
Cerrena [4.2K]

Answer:

Global product division Structure

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3 0
3 years ago
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Suppose that last year the equilibrium price and the quantity of good X were $10 and 5 million pounds, respectively. Because of
grandymaker [24]

Answer:

Explanation:

Last year the equilibrium price and the quantity of good X were $10 and 5 million pounds, respectively.

The producer surplus is the difference between the minimum price that a producer is willing to accept and the price it actually gets. It can be found by calculating the area between the supply curve and the market price.

The producer surplus

= \frac{1}{2}\ \times\ base\ \times\ height

= \frac{1}{2}\ \times\ quantity\ \times\ price

= \frac{1}{2}\ \times\ 5\ \times\ 10

= $25

Because of strong demand this year, the equilibrium price and the quantity of good X are $12 and 7 million pounds, respectively.

The producer surplus

= \frac{1}{2}\ \times\ base\ \times\ height

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= \frac{1}{2}\ \times\ 7\ \times\ 12

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5 0
2 years ago
The accounting firm of johnson and johnson has decided to design a nonstatistical sample to examine the accounts receivable bala
Vlad [161]

The total projected misstatement of the firm is $92225 and it can be concluded that projected misstatement is more than the expected misstatement.

<h3>How to calculate the projected misstatement?</h3>

The total projected misstatement will be calculated thus:

= $3500 + ($15250/$910000 × 3000000) + (1550/70000 × 1750000

= $3500 + $50275 + $38750

= $92225

The projected misstatement is more than the expected misstatement. Therefore, there is an unacceptable risk that the true misstatement is more than the tolerable misstatement.

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brainly.com/question/25491204

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2 years ago
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