<u>Solution and Explanation:</u>
The following formula is used in order to calculate the days sales outstanding:
Days sales out standing = ( Accounts receivable divided by Sales ) multiply with 365
= $1.5 million divided by $12 million multiply with 365
After calculating we get, 45.625 days
<u>In order to calculate the capital released, the following formula is used:
</u>
= 513699
Therefore, the capital released is $513699
The appropriate response is a compulsion. A compulsion is a conduct intended to diminish psychic pain or distress because of components, for example, discouragement or nervousness. People participating in impulses regularly feel a powerful need to take part in the enthusiastic conduct. Ordinary practices, for example, hand-washing, imploring, and checking can progress toward becoming impulses.
Answer and Explanation:
The preparation of the bank reconciliation statement is presented below:
Balance as per bank $8,732.00
Add: Deposit in transit $3,500.00
Less: Outstanding checks -$1,486.00
Adjusted bank balance $10,746.00
Balance as per books $8,768.00
Add: EFT received from customer $2,023.00
10791.00
Less: Service charges -$45.00
Adjusted book balance $10,746.00
Answer: The revenue-maximizing price is $10.
Explanation:
Given that,
Inverse demand function: P = 
Where,
P - Price per ride
Q - Number of rides per day
Revenue(R) = P × Q
= × Q
= 
Differentiating 'R' with respect to Q for calculating Marginal revenue(MR):
MR = 
Here, MC = 0
MR = MC
= 0
Therefore, Q = 10,000
P =
= 
= $10
Hence, the revenue-maximizing price is $10.
Answer:
Load-distance method.
Explanation:
Load-distance method is a technique of making facility location decisions by an organization. In this method, different facility locations are assigned a load-stance value (it is a measure of the weight of the load to be transported and the distance) and the different facilities are evaluated on the basis of this value. The location with the minimum load-distance will have minimum transportation cost; so, this location will be preferred over the other locations.
