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grin007 [14]
3 years ago
8

The financial statements of Georgi Manufacturing Company report net sales of $595,000and accounts receivable of $80,000 and $60,

000 at the beginning and end of the year,respectively. What is the average collection period for accounts receivable in days?
Business
1 answer:
Elena-2011 [213]3 years ago
7 0

Answer:

43 days

Explanation:

The first step is to calculate the account receivable turnover

= $595,000/($80,000+$60,000)/2

= 595,000/140,000/2

= 595,000/70,000

= 8.5

Therefore the average collection period can be calculated as follows

= 365 /8.5

= 42.9

= 43 days

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Answer:

C. prices are constant.

Explanation:

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4 years ago
Which of the following is true of constraints that exist in product mix decisions?
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Statement that is  true of constraints that exist in product mix decisions is Multiple constraints can be handled using linear programming.

<h3>What is Product mix decision?</h3>

Product mix decision refer can be regarded as the decisions involving addition of a new or eliminating any existing product from the product mix.

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8 0
3 years ago
Vertis Corporation is interested in cutting the amount of time between when a customer places an order and when the order is com
vladimir2022 [97]

Answer:

40%

Explanation:

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= 6 + 0.6 + 0.4 + 8

= 15

Now

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= Value added time (process time) ÷ Throughput time

= 6 ÷ 15

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We simply applied the above formulas so that the manufacturing cycle efficiency (MCE) could come

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4 years ago
Why is it important for engineers to have good communication skills?
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4 0
3 years ago
Property A is a self storage facility with a going cap rate of 6.0%. Property B is an office building with a going cap rate of 6
hjlf

Answer:

Worth of both the property will be same.

Explanation:

Data provided in the question:

Cap rate for the Property A which is a self storage capacity = 6%

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