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
grin007 [14]
2 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]2 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

You might be interested in
Ethnocentric managers believe that their native country, culture, language, and behavior need to be changed. are equal to all ot
Levart [38]

Answer:

are superior to other cultures.

Explanation:

  • Ethnocentrism is the belief that indigenous culture, customs, and way of life are more important than other cultures. Ethnographers believe that their own culture, country, language and all other characteristics are superior to other cultures.
  • so correct answer are superior to other cultures.
3 0
3 years ago
Nguyen, Inc. has received a bid for 15 comma 000 units. The costing estimates show that the average cost per unit for this bid w
8_murik_8 [283]

Answer:

B. $ 12 comma 600 comma 000

Explanation:

15,000 units x $700 cost per unit = 10,500,000 total cost

markup policy for the firm: 20% of total cost

the sales price will be the total cost for the order plus a 20% of that cost as a gross profit margin.

sales price = cost x (1 + 20%)

sales price = total cost x 1.20

sales price = 10,500,000 x 1.2 = 12,600,000

4 0
3 years ago
Clara and Nathan have planned to merge their companies. They have met to put forth their respective proposals and the rationale
nikitadnepr [17]

Answer:

The correct answer is the option C: Clarification and justification.

Explanation:

To begin with, in the stage of <em>clarification and justification</em> of the negotiation process the parties do not need to be argumentative but instead they need to be educative to each other by showing the other what are the reasonable statements that are established in order to proove their positions on each argument done before. That is why, in this stage the positions of each party are discussed at length in order to comprehend what every party is supporting for and that is why this stage is called of ''justification''.

5 0
3 years ago
Carrie and Michael are married and will file a joint return. In addition to income from wages, they have a $5,000 long-term capi
Elena L [17]

Answer: 15%

Explanation:

From the question, we are informed that Carrie and Michael are married and will file a joint return and that they have a $5,000 long-term capital gain from the sale of stock. We are further told that their 2019 taxable income is $121,500.

Based on the above scenario, their capital gain will be taxed at a rate of 15%. This is due to the fact that when filing their status, they will be regarded as married and the applicable rate is 15% for an income that is between $78,751 and $488,850. Since they've $121,500 their rate will be 15%.

6 0
3 years ago
_____ is an example of a complementry good.<br><br>A. Pepsi<br>B. mustard<br>C. car<br>D. house​
makvit [3.9K]

Answer: C

Explanation:

Complementary goods are a pair of goods that can be consumed together. If the price of one goes up, the demand for both fall. For example, if gas prices rise and stay consistently high, less people will be inclined to buy a car (at least from an economic standpoint)

8 0
3 years ago
Other questions:
  • A large account previously written off in a prior year was unexpectedly collected in the current year. as a result, the current
    12·1 answer
  • 1. Credit profile shows. a. only your credit history. b. your overall credit score. c. Many parts such as credit history, debts,
    11·2 answers
  • The goals scored per game by a soccer team represent the first quartile for all teams in a league. what can you conclude about t
    15·1 answer
  • Which of the following would not interfere with market equilibria? a. a non-binding price floor b. a binding price ceiling c. a
    15·1 answer
  • You purchase one MMM July 129 call contract (equaling 100 shares) for a premium of $21. You hold the option until the expiration
    6·1 answer
  • Unearned revenue, which represents the company's obligation to honor gift cards previously issued to customers, totaled $6,800 a
    12·1 answer
  • Cellular Access​ Inc., is a cellular telephone service provider that reported net operating profit after tax​ (NOPAT) of $ 250$2
    14·1 answer
  • Worth Company reported the following year-end information: beginning work in process inventory, $180,000; cost of goods manufact
    9·1 answer
  • Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchase
    12·1 answer
  • The Walt Disney Company dress code requires male cast members with mustaches or beards to trim their facial hair to no longer th
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!