Answer:
49 days
Explanation:
Account receivable turnover ratio = Net credit sales / Accounts receivable
Account receivable turnover ratio = $602,000 / $79,922
Account receivable turnover ratio = 7.53
Average collection period = 365/7.53
Average collection period = 48.47277556440903
Average collection period = 49
Thus, firm’s sales uncollected for year is 49 days.
The correct answer to the blank is smaller than
Answer: E) Rotation
Explanation:.
Job Rotation technique is a technique where workers are shifted between two or more positions or functions at regular intervals. It is a technique used to test the employee skills and competencies in order to place employees at the right position and it also help to reduce the monotony of the job and gives employees a wider experience and motivate employee when they perform different job functions at intervals.
Job rotation technique helps to reduce the boredom of doing same type of job everyday.
Answer:
$2,150
Explanation:
When taking money out, it is a compulsory requirement to pay an early withdrawal or distribution penalty, before the age of 59½ years.
In the case of Ellen, she's not up to 59½ years old, she's still 55.
The age 55 exception is an exception that allows people not to pay 10% early distribution penalty for retirement plan distributions before they get to 59½ years old.
Taking IRA from an account (401(k), in this case) into another account (an IRA) by someone like Ellen who is not up to 59½ years old is not considered a distribution, so she is totally free to change financial institutions at any time without worrying about a penalty tax.
So, $2,150 of her early distribution is subjected to early distribution penalty but she won't be penalised
The promise to pay a specified amount of interest each year plus the principal in five years. - Bonds.
What is interest?
The monetary fee for the privelidge of borrowing money is known as interest. Interest expense or revenue is frequently expressed in monetary terms, whereas the interest rate used it to calculate interest is usually expressed in annual percentage rate(APR). The amount of money received by a lender or financial institution in exchange for lending money is referred to as interest. The amount of ownership a share holder has in a company, usually expressed as a percentage, is also referred to as interest. Interest is indeed the concept of compensating one celebration for taking a risk and foregoing the ability to use funds, while penalising another party for using someone else's funds. The person who is temporarily parting with their money is owed compensation, and the person who is temporarily using those funds is frequently required to pay the above compensation.
To learn more about interest
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