Answer:
4,712 fingerlings
Explanation:
The amount that a sum will accumulate to at the end of a particular number of period if it grows at a certain rate per annum is given as
F= A× (1+g)^(n)
F- Sum at the end of the period, A- sum at the beginning of the period, n- number of period, g -growth rate
5,000= A× (1.02)^(3)
a= 5000/(1.02^3)
a= 4711.61
The population at the start of fingerlings = 4,712
Answer:
The $600,000 amount is required to financing so that the cash conversion cycle can be supported
Explanation:
For computing how much financing is required, first we have to compute the cash conversion payable which is shown below:
Cash conversion cycle = Average age of inventory + Average collection period - average payment period
= 65 + 60 - 65
= 60 days
Now, we have to apply the financing formula which is shown below:
= Firm total annual outlays for operating cycle investment × cash conversion cycle ÷ total number of days in a year
= $3,650,000 × 60 days ÷ 365
= $3,650,000 × 0.16438
= $600,000
Hence, the $600,000 amount is required to financing so that the cash conversion cycle can be supported
Answer:
Marketing and distribution of a variety of products
Explanation:
Marketing refers to a business function whereby a marketer advertises and promotes goods and services with an objective to increase sales and at the same time ensure customer satisfaction. Marketing mix refers to essential marketing components for effective marketing.
Marketing mix comprises of product, place, price and promotion.
Distribution refers to activities which are aimed at making products available in the right markets at the right time and utilizes various channels of distributions such as retailers, wholesalers, intermediaries, etc.
In the given case, Starbucks, the renowned coffee maker, has formed alliances or collaborations so as to extend and strengthen their business. These strategic alliances help Starbucks create an effective distribution network and wide-reach marketing which subsequently helps in efficient operations and profitability.
<u>Adjusting entry for Rent Receivable:</u>
It is given that Sanborn Company rents space to a tenant for $3,100 per month. The tenant currently owes rent for November and December, it means the Rent Receivable as on Dec. 31 is (3100*2) = $6,200
So the adjusting entry as on Dec. 31 shall be as follows:
Rent Receivable Debit $6,200
Rent Revenue Credit $6,200
(Being adjustment made for rent receivable)
Answer:
The marginal cost will most likely increase to $2.00
Explanation:
Because I just did it.
