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3 years ago

_____ oversee the activities of first-line managers.

1 answer:

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<span>Mid-level managers oversee the activities of first-line managers. Mid-level managers are responsible for their department and report to top management. Mid-level managers must make sure that resources are allocated correctly and must invest money in training and development, materials, supplies and technology. They communicate the goals and strategies to first-line managers.</span>

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Which of the following is a firm's cash cycle?

Simora [160]

Answer:

he average length of time between when a firm pays cash to purchase its initial inventory and when it receives cash from the sale of the product produced from that inventory

Explanation:

A firm's cash cycle measure the time required for a company to go from cash paid (used in its operations) to cash received (as a result of operations)

It is an example of a liquidity ratio

Liquidity ratios measure the ability of a firm to meet its short term obligations

Cash cycle = days of inventory on hand + days of sales outstanding - number of days of payable

the shorter the cash cycle, the more liquid the firm is and the better for the firm

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3 years ago

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? Se

Andre45 [30]

Answer:

A. A higher percentage of the high operating leverage firm's costs are fixed.

Explanation:

Let's first focus on what is operating leverage:

It represents the degree on which an increase in sales revenue, will also increase the operating income of the company

So Being Contribution Margin the amount generate for sales, dividing that for the profit, we got the relationship between sales and income.

$\frac{ContributionMargin}{Profit} = $Operating Leverage\\$

We can expand those like this

$\frac{Q * CM} {Q * CM - Fixed Cost} = $Operating Leverage\\$

Where Q is the uantity of units sold

and CM is the contribution margin per unit.

Resuming: relationship between sales and operating income

That definition cuts "C" and "D" because they talk about debt, this measurement doesn't involve debt.

Now let's check "A"

It state that higher fixed cost amkes the leverage go higher, let's see if that is true:

$\frac{Q * CM} {Q * CM - Fixed Cost} = $Operating Leverage\\$

Fixed Cost is subtracting in the divisor, so higher fixed cost makes the divisor lower.

When this happens, the result of the division is higher.

$\lim_{n \to 0} \frac{a}{n}= \infty$

So this example is true

<u>As an example:</u>

If you have 100 CM and 80 Fixed cost then

$\frac{100}{100-80}= 100/20 = 5\\$

IF you have 100 CM and 50 Fixed cost then

$\frac{100}{100-50}= 100/50 = 2\\$

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4 years ago

Calculate the dollar rate of return on a 10,000 pound sterling deposit in a London bank in a year when the interest rate on poun

sammy [17]

Answer:

8.48%

Explanation:

First we calculate the future value of the investment of 10,000 pound invested at an interest rate of 5% for one year.

Future value = 10000(1+0.05)^1

Future Value = 10,500.

Now converting that into dollar:

At $1.65 per pound = $17,325

At $1.51 per pound = $15,855

Hence the dollar has gained its value against the pound sterling by almost 8.5%.

Good luck and cheers.

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4 years ago

Read 2 more answers

Whispering Corporation factors $276,900 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Ka

erica [24]

Answer:

The journal entry is given below.

Explanation:

Journal entry.

Aug.15 2020 Cash A/c Dr $260,286

Reserve amount A/c Dr $11,076

Loss on sale A/c Dr $9,058

To Recourse obligation A/c $3,520

To Accounts receivable A/c $276,900

Computation are as follows:

Accounts Receivable = $276,900

Finance charges = $276,900 × 2% = $5,538

Reserve amount = $276,900 × 4% = $11,076

Recourse obligation=$3,520

Loss on sale = Finance charges + Recourse obligation = $9,058

Cash proceeds = Accounts Receivable - Finance charges - Reserve amount = $260,286

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3 years ago

The first step a domestic firm takes when entering an international arena is usually to create an international division.

DanielleElmas [232]

If this is a true/false question, the answer is FALSE. Usually creating an international division comes after some time and the international ventures have gotten a foothold in the respective country.

5 0

3 years ago