Answer: Accounts receivables = 5737534.25
Explanation:
Average collection period measures the average number of days between the day inventory is sold on credit and the day customer settles the credit account.
average collection period = 37 days
credit sales = 56600000
Average collection period = (Accounts receivable/credit sales) x 365
37 = (Accounts receivables/56600000) x 365
365Accounts receivables = 56600000 x 37
Accounts receivables = 2094200000/365
Accounts receivables = 5737534.2466
Accounts receivables = 5737534.25
A question beginning with "how" or "why" is usually what type of research question? C. Qualitative
Qualitative research is exploratory research that is used to help someone udnerstand the reasoning for different things. That's why these questions start with "how" and "why" because the individual is hoping to gain information on the subject. From exploratory research, there is potential for quantitative research to come.
The successful completion of projects and business activities is essential to a firm competitive position
hope i helped out alot
Answer:
Cavalier Corporation
Aaron’s distribution that will be taxed as a dividend is:
= $25,000
Explanation:
a) Data and Calculations:
Amount received in distributions by Aaron and Michele each = $25,000
Proceeds from the sale of an appreciated asset = $60,000
Proceeds to be received 50% in the next year = $30,000
Proceeds to be received 50% in the second year = $30,000
Basis of asset = $15,000
Capital gains = $45,000 ($60,000 - $15,000)
Cavalier's current-year E & P = $40,000
Accumulated E & P = $0
