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
Answer:
Insider Trading
Explanation:
These people were insider trading because they were using non public material information to trade stocks and make profit. The information was confidential thus it was non public and the information could change the price of the stock that is why it was material and these people used this information to trade the stock thus they were all insider trading.
Answer:
2. the inventory acquired on April 23 with the products sold
Explanation:
Tyson Corporation
<em>As the company uses FIFO it would associate the sales with the inventory bought earliest. FIFO means first in first out the materials bought first would be sold first . The materials bought later would be sold later. In this situation the April 23 inventory is the first purchase so it would be associated with the products sold first in July.
</em>
So option 2 is the best option indicating the first purchase sold first.
Full Definition<span> of </span>renewal<span>.
1 : the act or process of </span>renewing<span> : repetition.
2 : the quality or state of being </span>renewed<span>.
Hope that this helps you! =)</span>
