answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Schach [20]
2 years ago
9

"Swiss Clothing Store had a balance in the Accounts Receivable account of $920,000 at the beginning of the year and a balance of

$980,000 at the end of the year. Net credit sales during the year amounted to $6,650,000. The average collection period of the receivables in terms of days was:"
Business
1 answer:
Fudgin [204]2 years ago
6 0

Answer:

Receivable days are 52 days.

Explanation:

Receivable days can be found from the following formula:

Receivables days = Receivables / Credit Sales * 365

The credit sales here is $6,650,000 during the year and the average receivables days is $950,000 [(950,000 + 980,000)/2] during the year. By putting the values we have:

Receivables days = $950,000 / $6,650,000  * 365 = 52 days

So the average receivable collection days were 52 days during the year.

You might be interested in
Because organizations must change rapidly in a volatile, global market, non-supervisory employees must be prepared to
Anna007 [38]

Answer:

contribute to diversity of leadership by demonstrating leadership on the job.

Explanation:

Because organizations must change rapidly in a volatile, global market, non-supervisory employees must be prepared to contribute to diversity of leadership by demonstrating leadership on the job.

This ultimately implies that, when an organization is operating on an international level such as trading its products and services with customers outside the shores of its home country, it is important and required that in a rapidly volatile, global market, non-supervisory employees are saddled with the responsibility of contributing to leadership by being exemplary to the rest.

4 0
2 years ago
Your company produces mass spectrometers for sale to colleges and universities throughout the United States. On February 12, the
Jobisdone [24]

Answer:

As the Company has received a Cheque of $10,000,000 for payment in full. The Company though have not started the production it can consider such amount and cancel the contract and being a misc Income in its profit and loss account.

Though the product is being sold to an university and such organisation work on No profit no loss situation hence it can consider manufacturing 10 units and selling such units to the university at least the university also does not incur a loss of such a huge amount.

7 0
2 years ago
Bob's electronics company has quite a buzz around a new television they're launching, called UltraView1000. This television is e
Elan Coil [88]

Answer:

Bob’s ad will appear if search terms contain at least all three of the keywords or variations of those terms.

Explanation:

Bob’s ad will appear if search terms contain at least all three of the keywords or variations of those terms.: Adding a + sign in front of a keyword turns it into a broad match modifier. This prompts your ads to appear only if the keyword or its close variations are in any part of the search terms.

If Bob uses the broad match modifier keywords “television,” “accessible,” and “voice.” His ads will appear for people searching for any combination of these terms in a search (and possibly including additional terms). However, the ads won’t appear if any one of these keywords aren’t in the search term.

7 0
2 years ago
Bronco Truck Parts expects to sell the following number of units at the prices indicated under three different scenarios in the
Radda [10]

Answer:

Expected value of Total Sales projection is $23,115.

Explanation:

First of all we calculate expected sales projection by multiplying the probability with units, then multiply it to each unit price we will get the expected sales value of each outcome. Adding expected sales value of all outcomes, we will get the total expected sales value.

Outcome   Probability Units   Sales Volume   Price    Total Sales

                          P          U           V=P x U           S          TS=V x S

     A              0.40       350           140               $21        $2,940

     B              0.10        600           60                $30       $1,800

<u>      C     </u>         0.50       1,050         <u>525</u>              $35       <u>$18,375</u>

Total                                               <u>727</u>                             <u>$23,115</u>

Expected Total Sale projection is 727 units and value is $23,115

3 0
2 years ago
The average cost to a 50-year-old male for a $100,000 term life policy is $14.34 per month. The same policy would cost a 70-year
77julia77 [94]

Answer: $15, 708.

Explanation:

79.79 - 14.34 (12)(20)

6 0
2 years ago
Other questions:
  • Nora surveys people of different age groups and social backgrounds to find the potential target audience for her company’s produ
    10·2 answers
  • You've spoken with Chris at several local meetings. You met again recently and received some important advice. Which of the foll
    15·2 answers
  • Match the task with professionals who would complete them
    9·1 answer
  • Food For Less (FFL), a grocery store, is considering offering one hour photo developing in their store. The firm expects that sa
    13·1 answer
  • Blair Madison Co. issues $1.9 million of new stock and pays $281,000 in cash dividends during the year. In addition, the company
    5·1 answer
  • A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 13,
    11·2 answers
  • If Negan Corp. common stock is valued at $40 per share, dividends are paid quarterly and expected to grow quarterly by 1.2% fore
    15·1 answer
  • If the total costs of producing 1,500 units of output is $13,500 and this output sold to consumers for a total of $18,000, then
    7·1 answer
  • Suppose that Michelle buys a cappuccino from Paul's Cafe and Bakery for $4.75. Michelle was willing to pay up to $6.75 for the c
    9·1 answer
  • A sales associate listed a condo for $205,000. A sales associate from a competing office called the listing associate to inform
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!