1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mila [183]
3 years ago
15

The following information is from the annual financial statements of Nancy Company.

Business
1 answer:
lakkis [162]3 years ago
5 0

Answer:

5.79 times

Explanation:

The computation of the Accounts receivable turnover ratio  

= Credit sales ÷ average accounts receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($46,400 + $49,700) ÷ 2

= $48,050

And, the net credit sale is $278,000

Now put these values to the above formula  

So, the answer would be equal to  

= $278,000 ÷ $48,050

= 5.79 times

You might be interested in
The Pampered Pet Shop operates in a perfectly competitive industry and hires you as an economic consultant. The firm is currentl
Sphinxa [80]

Answer:

c. cease production immediately, because it is incurring a loss.

Explanation:

When a business engages in production it looks to make profit. That is for the production price to be higher than cost incurred in producing the good.

However when the price is lower than the average variable cost as is indicated in the scenario then the firm needs to shut down production in the short term.

Factors that will adversely affect a firm in the short term are price, average total cost, and average variable cost.

Once price is less than average total cost or average variable cost it is better to stop production.

As they are incurring an economic loss

5 0
2 years ago
Read 2 more answers
How do countries develop a comparative advantage over their trading
GrogVix [38]
A would be the correct answer
7 0
2 years ago
Read 2 more answers
Good strategy execution involves Multiple Choice making choices among broad or narrow low cost and differentiation strategies to
Semmy [17]

Answer:

<u><em>The answer is:</em></u> team participation to perform strategy-critical activities in light of prevailing circumstances.

Explanation:

The good execution of the strategy is mainly related to the ability of managers to involve all operational areas and all employees in the process of participating in the strategic actions that were developed to achieve the goals and objectives of the organization.

Therefore, managers have an essential role in exercising control, coordination and monitoring of the teams, so that the execution of the strategy takes place in an effective and active manner, being shared as a responsibility and efforts of the entire team.

8 0
2 years ago
Which of the following best describes late majority? Select one: a. They are the first to try new products and ideas. b. They li
ratelena [41]

Answer: c. They are skeptical to changes and new ideas.

Explanation:

Late Majority: These are expressively cautious consumers who don't like to take risks and who still have resistance to adopting a new product. They are conservative and only adopt a product when it is already used by the majority consumer.

7 0
3 years ago
The free cash flow to the firm is reported as $205 million. The interest expense to the firm is $22 million. If the tax rate is
Sergeu [11.5K]

Answer:

The correct answer is $2,444.6 billion

Explanation:

FCFE= FCF+ Increase in debt- Interest (1-t)

        =  $205+$25-$22( 1-0.35)

        =$215.7

Market Value = [(215.7)1.02)]/ [11%-2%]

                      =$2,444.6

Assuming a single period growth rate of 2%,

the forecasted FCFE =$215.7(1+0.02)

                                  =$220.01 billion

Although this is not available in the options provided ,$220.01 billion is the correct answer.

4 0
3 years ago
Other questions:
  • In the as/ad model, an expansionary monetary policy has the greatest effect on the price level when it
    15·1 answer
  • The Doodad Company purchases a machine for $440,000. The machine has an estimated residual value of $40,000. The company expects
    7·1 answer
  • The _____ environment of your country affects the interest rates you pay on your mortgage and credit cards as well as those you
    12·1 answer
  • A large corporation suffers from the​ principal-agent problem when​ its:
    6·2 answers
  • What entrepreneurial activities do you know and capable of doing which are related to cookery
    15·1 answer
  • Forest Components makes aircraft parts. The following transactions occurred in July.
    15·1 answer
  • A firm has net working capital of $440, net fixed assets of $2,186, sales of $5,500, and current liabilities of $750. How many d
    5·1 answer
  • Perit Industries has $110,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternat
    15·1 answer
  • A portfolio is composed of two securities, Stock X and Stock Z. Stock X has a standard deviation of returns of 35%, while Stock
    15·1 answer
  • What is meant by 'Price elastic demand?​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!