Answer and Explanation:
Nike
$18,627÷ ($2,494.7a+ $2,795.3b)/2
$18,627÷$2,645 = 7.0 times
Adidas
$10,299÷$1,415c+ $1,459d)/2
10,299÷$1 437= 7.2 times
2,566.2 – 71.5
b2,873.7 – 78.4
c1,527 – 112
d1,570 – 111
Average collection period
Nike
365÷7.0= 52.1 days
Adidas
365÷7.2
= 50.7 days
Therefore Adidas's accounts receivable turnover was about 3% higher [(7.2 – 7.0) ÷7.0] than that of Nike's, which simply means that Adidas was slightly more efficient than Nike in turning accounts receivable into cash.
Answer:
The answer is b. Up to $4 million.
Explanation:
It is critical to recognize that $3 million already spent on developing the product is the sunk cost, which is irrelevant cost that should not be included in the budget further spend for the new product.
As the new product is expected to generate a revenues of $4 million, the further cost should be spent on the new product development should not be exceeded the $4 million.
Thus, the answer is b. Up to $4 million is the correct choice.
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Answer:
The correct option is B,demand-based
Explanation:
Demand-based is the pricing strategy of hiking prices at busy at peak periods and charging modest prices at off-peak periods.
The reason for charging higher prices at peak periods the traffic at that time stretches the resources of the business,hence a little extra price is added as contribution towards maintenance of existing facilities and possible upgrade in the near future.
This approach is also known with telecommunication firms such as Vodafone and MTN.
