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
Bezzdna [24]
2 years ago
5

Following are the average accounts receivable and net sales reported recently by two large beverage companies (dollar amounts ar

e stated in millions):
Average Accounts Receivable Net Sales
Molson Coors Brewing Co. $517 5,170
Anheuser-Busch InBev 2,606 39,046

a. Compute the accounts receivable turnover rate for each company (round your results to one decimal place)
b. Compute the average number of days that it takes for each company to collect its accounts receivable (round your results to the nearest whole day).
Business
1 answer:
Leokris [45]2 years ago
7 0

Answer:

Part a.

Accounts receivable turnover ratio is the shows how many times accounts receivable can be converted in to cash during the period. The formula for calculating the same is given below.

Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

The following table shows the accounts receivable turnover ratio of MCB and ABI:

Particulars                                                  MCB          ABI

Net sales                                                 $5,170      $39,046

Average Accounts Receivable                 $517      $2,606

Accounts Receivable Turnover rate            10                14.98

Part b.

Day's sale outstanding shows the average number of days taken to collect the accounts receivable. The formula for calculating the same is given below.

Day's sale outstanding  = Accounts receivable / Total credit sales  × 365

The following table shows the days sale outstanding of MCB and ABI:

Particulars                                                    MCB             ABI

Net sales                                                    $5,170            $39,046

Average Accounts Receivable                    $517            $2,606

Day's sale outstanding                                      36.5             24.36

You might be interested in
How could the respective roles of these two labour organizations influence actions by other parties to address the concerns rais
Lapatulllka [165]

The correct answer to this open question is the following.

Unfortunately, you did not include the name of the two labor organizations. There is no further context, reference, text, or article.

However, trying to help you we can comment on the following.

Probably, you are referring to the Ontario Federation of Labor (OFL) and the Ontario Public ServiceEmployees Union (OPSEU).

If that is the case, we say that these two labor organizations have a major role in supporting the employees of Tim Horton's branches, after the response, they have taken in Ontario regarding the increase of the minimum wage in that Canadian province.

The power of these labor organizations created awareness of the employee's situation when different media channels covered the news about the demonstrations. This coverage was nationwide, alerting all Canadians about the situation in some branches of this famous and cherished Canadian fast-food restaurant.

This situation does not only grab the attention of public opinion but from the government and political parties that can get into the discussion, affecting the public image and reputation of Tim Horton.

7 0
2 years ago
On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $54 million. Ameen uses strai
Igoryamba

Answer:

Answer for the question:

On January 1, 2018, Ameen Company purchased major pieces of manufacturing equipment for a total of $54 million. Ameen uses straight-line depreciation for financial statement reporting and deducted 100% of the equipment’s cost for income tax reporting in 2018. At December 31, 2020, the book value of the equipment was $48 million. At December 31, 2021, the book value of the equipment was $40 million. There were no other temporary differences and no permanent differences. Pretax accounting income for 2021 was $68 million. Required: 1. Prepare the appropriate journal entry to record Ameen’s 2021 income taxes. Assume an income tax rate of 25%. 2. What is Ameen’s 2021 net income?

Is given in the attachment.

Explanation:

4 0
2 years ago
The following U.S. Treasury bond is listed in the The Wall Street Journal: Rate Mo/Yr Bid Asked 9.50 Oct 38 135:30 136:04 This $
STatiana [176]

Answer:

6.35%

Explanation:

If you purchase this bond you will need to pay $1,000 x 136.04% = $1,360.40

the coupon rate is 9.5% / 2 = 4.75% or $47.50 every six months

the bond matures in 18 years or 36 semiannual periods

yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

YTM = {47.5 + [(1,000 - 1,360.4)/36]} / [(1,000 + 1,360.4)/2]

YTM = 37.49 / 1,180.2 = 0.031766 x 2 (annual yield) = 0.06353 = 6.35%

8 0
2 years ago
The project scope planning processes include all of the following EXCEPT: a. how the requirements will be collected b. how the p
Maslowich

Answer:

The correct answer is C

Explanation:

Project scope is the one which is defined as the how the goals as well as objectives of the project are defined. This states the lists that goals, what the deliverables would be, the tasks required to make the deliverables, what the costs or expense for that would be and the deadlines. In short, it is the parameters of the whole project.

So, the one which will not be included in the planning process of the project scope is how the case of the business would be created.

3 0
2 years ago
"Our business needs a steady supply of raw milk," said Beatrice Gomez, CEO of Bea's Ice Cream, "But Holly Dairy Farms is unable
kenny6666 [7]

Answer:

vertical integration strategy

Explanation:

In supply chain management, vertical integration refers to expanding the company's operations to either include some of its vendors, distributors and retailers, or both. This way, the company will be able to control the upstream of the supply chain management (vendors) and/or the downstream (distributors and retailers).

In this case, Beatrice is advocating for a vertical integration strategy in order for the company to expand into dairy farms. This way they company will control the supply of raw milk.

3 0
2 years ago
Other questions:
  • A commuter has a choice of two routes for his morning drive to work. in an effort to determine the best​ route, he collects data
    13·1 answer
  • Jim just found a job with a take-home pay of $1,000 per month. he must pay $500 for rent and $100 for groceries each month. he a
    7·1 answer
  • Stephans Corporation currently manufactures a subassembly for its main product. The costs per unit are as follows: Direct materi
    11·1 answer
  • Even though it is not actively involved in global marketing, Hennessey Enterprises, a U.S.-based business, agreed to sell two th
    5·1 answer
  • EcoFabrics has budgeted overhead costs of $945,000. It has allocated overhead on a plantwide basis to its two products (wool and
    14·1 answer
  • JR's is preparing to start a new project in an industry that differs significantly from its current operations. JR's has searche
    12·1 answer
  • Ask Socrates Inc. is a computer software company that employs highly intelligent, but somewhat unusual people. Every Friday, fre
    9·1 answer
  • On October 1, 20Y6, Jay Crowley established Affordable Realty, which completed the following transactions during the month: Oct.
    12·1 answer
  • Mayfair Co. allows select customers to make purchases on credit. Its other customers can use either of two credit cards: Zisa or
    5·1 answer
  • December 3 – Vogel Corporation sold inventory on account to Hatcher Corp. for $492,000, terms 1/10, n/30. This inventory origina
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!