The term receivables turnover ratio refers to an accounting measure that quantifies an agency's effectiveness in amassing its debts receivable.
An example of turnover is whilst new employees leave, on average, once every six months. An instance of turnover is whilst a shop takes, on common, three months to sell all its cutting-edge inventory and requires new inventory. The fee at which workers in a business enterprise, sufferers in a medical institution, and many others. are replaced.
Turnover is an accounting idea that calculates how quickly a business conducts its operations. most often, turnover is used to recognize how speedy an agency collects cash from debts receivable or how speedy the organization sells its stock.
Turnover is the whole income made by means of a commercial enterprise in a positive duration. it's every now and then known as 'gross revenue' or 'earnings'. this is one-of-a-kind to earnings, which is a degree of profits.
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Answer:
B. firms will exit the industry
Explanation:
When the firms is producing at the minimum average total cost, the amount of profit margin that they get tend to be high. This means that they can fulfill their target profit even by producing less amount of product.
Even when the demand in the market is decreased, Such firms will most likely accumulated enough profit to survive for a long period of time before they go bankrupt. This is why the firms is very unlikely to exist the industry in a short run.
Martin will get a refund of about $370.
What is the estimated federal deductions from the gross pay of $30,135?
The estimated federal deductions is 15% of the gross pay of Martin, which is $30,135, in other words, the initial federal deductions before the actual federal deductions of $4,520 is known is as computed below:
Estimated federal deductions=15%*$30,135
estimated federal deductions=$4,520.25
The actual federal deductions of $4,150 is lower compared to the amount withheld from gross pay, hence, there would be a refund for Martin
refund=$4,520.25-$4,150
refund=$370.25
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Answer:
Number of ATMs or bank branches near where you live, shop, work, or travel.
Explanation:
As much as possible, your bank should be near where you live, shop, or work. The proximity will be advantageous in various ways, including.
- It will reduce costs by eliminating transport expense in banking operations.
- Proximity will foster a better business relationship with the bank. There are higher chances of meeting banking officials out of the work environment, which is likely to improve the relationship.
- Should there issues that need resolution in the bank, you will be able to resolve them more quickly.
- Formal communication between you and the bank will be enhanced. Banks use hard copy documents for the majority of their official transactions. Being close to the bank will make communication faster.
