Answer:
The number of days' sales in receivables for Year 2 is 48.7
Explanation:
The formula that is applicable to this scenario is the accounts receivable divided by sales multiplied by 365 days
The number of days' sales in receivables=$11,000/$82,500*365=48.67
The correct option is D, since the 48.67 was simply rounded down to one decimal place.
Answer:
$166,000
Explanation:
The net cash flow from operating activities using the indirect method is computed below:
Cash flow from Operating activities - Indirect method
Net income $175,000
Adjustment made:
Add : Depreciation expense $28,000
Less: Increase in accounts receivable -$16,000
Less: Decrease in accounts payable -$21,000
Total of Adjustments -$9,000
Net Cash flow from Operating activities $166,000
Answer:
The credit manager, and the Controller
Explanation:
The credit manager is responsible for maintaining the credit policy, in order to fulfil this target they are responsible to look at the sales and ensure the credit sales are in the sales limit.
Further that the company do not have the bad debts, it shall verify each customer properly that they have enough funds, and ensure their credibility.
Controller is responsible for maintaining the financial records of accounts, and reporting the transactions to managers.
Accordingly, Credit manager along with controller are directly responsible to the vice president of finance.
Elasticity of demand is a measurement used in economics to show how people respond and demand a product or service when nothing but the price changes.
If Walmart were to discount a shoe by 25% and the demand of the shoes is two pair, sales would increase by 50%. People are purchasing two pairs at this price and receiving 25% off of each pair.
Https://www.bartleby.com/solution-answer/chapter-2-problem-1mp-college-accounting-chapters-1-27-23rd-edition/9781337794756/mastery-problem-lisa-vozniak-started-her-own-business-we-do-windows-she-offers-interior-and/f6d28fa7-6a5b-11e9-8385-02ee952b546e
