The Current ratio equals 2.9, the Accounts receivable turnover equals 5.77 and Average collection period equals 63 days.
<h3>What is Current ratio?</h3>
= Current Assets / Current Liabilities
= 145,000 / 50,000
= 2.9
<h3>What is Accounts receivable turnover?</h3>
= Net sales / Average Accounts Receivable
= 375,000 / )(70,000 + 60,000) / 2)
= 5.76923076923
= 5.77
<h3>What is Average collection period?</h3>
= 365 Days /Average Receivable Turnover ratio
= 365 / 5.77
= 63.2582322357
= 63 days
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Answer:
$3
Explanation:
Producer surplus is the difference between the minimum acceptable price a producer is willing to receive for his product and the price he sells the product.
Producer surplus = $18 - $15 = $3
I hope my answer helps you
Answer: <u>True</u>
Explanation:
Home equity loans work more in the form of a credit card. For the time that you have the loan, you are allowed to borrow a certain amount of money. The time limit, is, of course, set by the lender and for the duration of that period of time, you may withdraw money as the occasion arises.
<h2>
Hope this helps! :)</h2>
Answer:
The function that would determine the cost in dollars, c(z), of mailing a letter weighing z ounces is (0.46 + 0.20z)
Explanation:
Weight of the letter = z ounces (z is an integer greater than 1)
cost to mail a letter weighing 1 ounce = $0.46
cost to mail an additional ounce = $0.20
cost to mail z additional ounces = z × $0.20 = $0.20z
Total cost of mailing a letter weighing z ounces = $0.46 + $0.20z
Therefore, cost function, c(z) = 0.46 + 0.2z
According to Google, the word “market” means, “the free market; the operation of supply and demand” or “a stock market”.
Also, a stock market is, “a stock exchange”.
And, a stock exchange is “a market in which securities are bought and sold” or “the level of prices in the stock market”.
Hope these Google definitions help! :)