Answer:
A) The account receivables turnover is 15, and B) the number of days sales in receivables is 24.3 days.
Explanation:
A) FORMULA FOR ACCOUNT RECEIVABLES TURNOVER =
NET SALES / AVERAGE ACCOUNT RECEIVABLES
Given information -
Net sales = $1500,000
Average account receivables = $100,000
Putting the values in formula -
= $1500,000 / $100,000
= 15
B) FORMULA FOR NUMBER OF DAYS SALES IN RECEIVABLES =
365 / ACCOUNT RECEIVABLES TURNOVER
= 365 / 15
= 24.3 DAYS
Answer:
$831,600
Explanation:
The budget must account for all of the production of the first quarter and 20% of the production of the second quarter, the number of boots considered in the budget is:
Assuming that each boot uses exactly 2kg of raw material and that the company has 19,200 kg on hand, the amount of raw material still required is:
If the cost per kg is $9, then the budgeted materials purchases cost for the first quarter is:
The budgeted materials purchases cost is $831,600.
Answer:
True.
Explanation:
Middle managers not been well recognised in the health care industry and their role in implementation of healthcare innovation.
There is a gap between practice and ploicies,, and this is as a result of poor implementation.
Moddleanagers play an important role of supplying the employees with information of management expectations along with ways in which implementation of policies can be effectively done.
On the other hand they also act as channels for feedback to management so that they will know how to adjust policies that are not meetings the set objectives.
Answer: True. Market risk refers to the tendency of a stock to move with the general stock market. A stock with above average market risk will tend to be more volatile than an average stock, and its beta will be greater.
Explanation: If a stock has a beta that is greater than 1, there is a higher risk for the stock. High risk stocks have a higher potential for return, but are also easier to lose funds from.
The implicit cost is $61,000.
<h3>What is the implicit cost?</h3>
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
When you decide to start the business, you forgo the amount you earned from your job and the interest you were earning.
$60,000 + 1,000 = $61,000
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