Answer:
B. 9.0 times.
Explanation:
Accounts Receivable Turnover (ART) = Net credit sales/ Average accounts receivable
Net credit sales = <em>$7,200,000</em>
Average accounts receivable = (beginning AR - ending AR) /2
Average Accounts receivable = ($820,000 + $780,000)/2
Average AR = <em>$800,000</em>
Therefore Accounts receivable turnover = $7,200,000/800,000 = 9.0 times
Answer:
The production exhibit both scope economics and scale economics. They are not mutually exclusive.
Explanation:
Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.
In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.
Answer: When computing the cost per equivalent unit, the weighted-average method of process costing considers: C) costs incurred during the current period plus cost of beginning work in process inventory.
Explanation: This is because the weighted-average method takes into account the costs of the previous period and the costs of the current period.
Answer:
Option D. Provide incentives to employees, and reduce consultation charges.
Explanation:
The reason is that the company's survival is based on the cash generation mechanism which is because of increased sales. If the sale of the company are higher then it is more likely that the company is able to breakeven which means it will reach no profit and no loss position very easily. To increase the chances of survival of the business, the employees must be motivated by paying them higher pays for better service delivery and higher commissions for grabbing higher sales. Furthermore, the company must also reduce the initial consultation charges to encourage to purchase of their services and acquire greater share of the market which will grow the business.
Answer:
<u>B</u>
<h3>Explanation:</h3>
Usually a life insurance policy stipulates that when th insured dies, the beneficiaries can file a claim to receive the life insurance money called the face value.
This face value is determine by certain factors like age, total coverage, medical history, gender, lifestyle, and job of the insured.
