Answer:
The 50.30 days are required to take its credit customers to pay for their purchases.
Explanation:
For computing the average collection period, we have to use the formula of the average collection period.
Average collection period = Average accounts receivable ÷ Credit sales × total number of days in a year
= $107,900 ÷ $783,000 × 365
= 0.13780 × 365
= 50.30 days
We assume 365 days in a year
The cost of goods sold is irrelevant. Thus, it is not considered in the computation part.
Hence, 50.30 days are required to take its credit customers to pay for their purchases.
The correct option is (c). Design cost is not a cost of quality.
Design-to-Cost (DTC), one of several cost management strategies, denotes a methodical strategy for limiting the expenses associated with product development and manufacture. The fundamental tenet is that expenses are hard to avoid once they are "built into the product," even from the first concept judgments on.
As a component of cost management strategies, design-to-cost refers to a methodical strategy for reducing the costs associated with product development and manufacturing. The fundamental tenet is that expenses are hard to avoid once they are "built into the product," even from the first concept judgments on.
Learn more about design-to-cost here
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Answer:
1. b.Excess Supply
2. e.Equilibrium Quantity
3. c.Equilibrium
4. a.Equilibrium Price
5. d.Excess Demand
Answer:
c. To focus on establishing a brand name
Explanation:
Specialty products are products that people want to buy because they are unique and are from a certain brand they prefer. According to this, the answer is that in this case, the objective of the manufacturers of Caroline Perfumes would be to focus on establishing a brand name because that would create customers' loyalty and they would be willing to make an effort to buy the product.
