Answer:I’m figuring this question out for you. one moment
Explanation:
Answer:
The correct option is E
Explanation:
The formula to compute the accounts receivable turnover of the company for the Year 2 is as:
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
where
Net Credit Sales be $723,000
And
Average Accounts Receivable is computed as:
Average Accounts Receivable = Accounts receivable Year 1 + Accounts receivable Year 2 / 2
= $86,500 + $82,750 / 2
= $169,250 / 2
= $84,625
Putting the values in the above formula:
= $723,000 / $84,625
= 8.54
Answer: $85,000
Explanation:
Drawings are debited/deducted from the Equity account to reflect that the owner's holdings in the business has reduced.
Profit is added to the Equity account in the form of Retained Earnings.
The closing Balance on Equity is;
Closing Balance = Opening Balance + Profit - Drawings
Profit = Closing Balance - Opening Balance + Drawings
Profit = 175,000 - 120,000 + 30,000
Profit = $85,000
Answer:
The equilibrium expected rate of return is higher for Kaskin than for Quinn.
Explanation:
Option A “The equilibrium expected rate of return is higher for Kaskin than for Quinn” is more accurate because the expected return is calculated by multiplying the risk premium with beta value and then adding with risk-free return. However, if the beta value is high, then the magnitude after multiplying with the risk premium will be high. Moreover, is magnitude will be added to risk-free return to find the expected return. Thus, it can be seen that Kaskin has high beta 1.2 as compared to Quinn’s beta value 0.6. So, the Kaskin has a higher expected return.
Answer:
False
Explanation:
There are business that do not need wholesale distributors, as online commerce expands, the supply chains are shrinking, e.g. Xiaomi is a Chinese smartphone manufacturer that only sells its phones online, and it is the fourth largest cellphone manufacturer in the world.
There are 5 elements in developing a retail strategy:
- scope
- goals and objectives
- resource deployment
- sustainable competitive advantage
- synergy
