Answer:
b. the average number of days to collect receivables is 31.
Explanation:
The calculation of average number of days is shown below:-
Accounts receivable turnover = Net credit sales ÷ Average accounts receivable
$240,000 ÷ $20,000
= 12
Average number of days to collect receivable = Number of days in a year ÷ Accounts receivable turnover
= 365 ÷ 12
= 31 days
Therefore for computing the average number of days to collect receivable we simply divide accounts receivable turnover by number of days in a year.
Headings highlight information and improve readability.
<h3><u>
Explanation:</u></h3>
Any documents readability can be improved with the usage of headings. The headings and sub headings of any documents helps in the representation of important concepts and also the ideas that are supporting those main concept. They help in enhancing the importance of the document through the proper visual representation.
The differences that we use in the text of the documents helps the readers in distinguishing the main concepts and ideas from the rest of the text in the documents. Thus, headings will be appearing in a little bigger size and helps in highlighting information and improving readability.
A. Fit
B. Unique Activities
C. Positioning
D. Trade-off
E. Operational effectiveness
It was an example of Positioning.
Answer: Option C.
<u>Explanation:</u>
A positioning strategy is the point at which an organization picks a couple of significant key territories to focus on and exceeds expectations in those regions.
A compelling positioning procedure thinks about the qualities and shortcomings of the association, the requirements of the clients and showcase and the situation of contenders. This helps to increase the effectiveness of the company.
Answer:
C. $4000
Explanation:
Given that
Total opportunity cost = salary plus interest forgone, that is 50,000 + 6% of 100,000
= 50,000 + 6000 = 56,000.
Total revenue received = 60,000
Recall that
Economic profits = Revenue - (implicit + explicit cost)
And that
Implicit cost = opportunity cost = 56,000
Explicit cost = 0 (from the question, revenue covered it)
Thus
Economic profit = 60000 - 56000
= $4000
Answer:
The correct answer are option D for both questions.
Explanation:
Recessions is characterized with decrease in consumer and investment spending. During recessions there is a decline in inflation rate and the unemployment rate increases.
While during expansion, there is a boost in economy. So, with increase in investment and production, the unemployment rate falls. There is a rise in inflation rate as well.
Though even in the stages of recovery, the unemployment rate continues to increase because some firms are pessimistic and are operating below their capacity. Also, the rate of growth of labor force is higher than rate of employment growth, which leads to increase in unemployment.
