Answer:
The answer is 235 days
Explanation:
Average collection period can also be called Days' outstanding period. And it is the number of days it takes a business to collect its money or receivables from the goods or services sold on credit.
Days' reveivables period or Average collection period = 365 days / reveivables turnover.
Receivables turnover = Sales/ average receivable
$9,800/$6,333
= 1.55
Average collection period=
365 days/1.55
=235 days
Answer:
b. a representation of a theory or a part of a theory
Explanation:
A model is different from theory because is a more applied and empirical representation of a situation while the theory is more abstract. An economic model is a simplified prediction of a complex and real economic behavior, it uses variables to analyze different scenarios, it also uses logical and quantitative relationships between economic processes, is usually mathematical. <em>The results of these models can lead to a new investigation, theorization or to prove theories.</em>
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The correct option is (B); Questions each activity and determines whether it should be maintained as it is, reduced, or eliminated.
<h3>What is zero-based budgeting (ZBB)?</h3>
Zero-based budgeting (ZBB) is a budgeting strategy that entails creating a fresh budget from scratch each time, or from "zero," as opposed to beginning with the budget from the prior month and making adjustments as necessary.
Key features of zero-based budgeting are-
- The zero-based budgeting (ZBB) methodology helps companies match their spending to their strategic objectives.
- According to this methodology, firms must create their yearly budget from scratch each year in order to ensure that all of its components are affordable, pertinent, and capable of generating increased savings.
- With zero-based budgeting, each budgeting cycle is started at zero.
- This strategy requires explanation of all expenses, not just new ones.
- The quickest path to achieving your financial objectives is still with a thorough spending strategy.
To know more about the zero-based budget, here
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The correct question is-
The major feature of zero-based budgeting (ZBB) is that it
A. Takes the previous year’s budgets and adjusts them for inflation.
B. Questions each activity and determines whether it should be maintained as it is, reduced, or eliminated.
C. Assumes all activities are legitimate and worthy of receiving budget increases to cover any increased costs.
D. Focuses on planned capital outlays for property, plant, and equipment.
Answer:
The description including its question throughout the discussion is summarized throughout the explanatory section below.
Explanation:
- Equity REITs put more money throughout income-producing or employment assets or something like a general merchandise department center.
- Agricultural land also seems to be unlikely to produce tax revenue, as well as equity REITs, are unlikely to be successful throughout mortgage debt. That seems to be the responsibility including its REITs.
Answer:
A student spends three hours and $20 at the movies the night before an exam. The opportunity cost is time spent studying and that money to spend on something else. A farmer chooses to plant wheat; the opportunity cost is planting a different crop, or an alternate use of the resources (land and farm equipment).
Explanation:
