Answer: The average collection period of the receivables in terms of days was 73 days.
Explanation:
Given that,
Accounts Receivable at the beginning of the year = $390,000
Accounts Receivable at the end of the year = $410,000
Net credit sales during the year = $2,000,000
Average collection period of the receivables in terms of days:
Average accounts receivables =
= 4,00,000
Net credit sales = = 5
∴ Accounts receivable days =
= 73 days
The average collection period of the receivables in terms of days was 73 days.
Answer and Explanation:
Risk and return are equal companions if we invest in a market with a higher risk that's mean this type of market provides a higher return.
If Investors invest their whole money in the high-risk market for there high return, may they get a huge loss.
So, The exposure must be balanced by investments in diversified markets with different risk weights.
Option D
leadership figurehead managerial role was Rochelle playing
<u>Explanation:</u>
Figurehead belongs to a character with meaningless leadership of industry but no exact power. The word figurehead is a personality with the trappings of control but not its practice.
Figurehead – As an administrator, have convivial, ritual and constitutional duties. That personality is presumed to be an origin of notion. Characters view to that one as a character with power, and as a figurehead. Figureheads steward their trios. If one requires to change or create trust in this section, begin with perception, performance, and reliability.
Answer:
The amount of income that David will report this year if he elects to amortize the bond premium is $455.94.
Explanation:
This can be calculated as follows:
Interest income = Carrying value of the bond * Yield to maturity…………….. (1)
Where;
Carrying value of the bond = $13,410
Yield to maturity = 3.4%
Substituting the values into equation (1), we have:
Interest income = $13,410 * 3.4% = $455.94
Therefore, the amount of income that David will report this year if he elects to amortize the bond premium is $455.94.