assuming that net credit sales for year 2 totaled $270,000, what is the company's most recent accounts receivable turnover?
Answers
Option B is correct, the company's most recent accounts receivable turnover is 20 times.
Accounts receivable turnover = Net credit sales ÷ [(Beginning accounts receivable + ending accounts receivable) ÷ 2]
Accounts receivable turnover = $270,000 ÷ [($12,000 + $15,000) ÷ 2] = $270,000 ÷ $13,500 = 20 times
Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for price held by using a commercial enterprise for items furnished or services rendered that clients have ordered but not paid for. those are typically within the form of invoices raised via a business and added to the purchaser for payment within an agreed time frame.
Money owed receivable is proven in a balance sheet as an asset. it's miles certainly one of a sequence of accounting transactions dealing with the billing of a patron for items and offerings that the client has ordered. these can be outstanding from notes receivable, which can be money owed created through formal legal gadgets called promissory notes.
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Complete Question: -
The following balance sheet information was provided by O'Connor Company:
Assets Year 2 Year 1
Cash 4,000 2,000
Accts receive 15,000 12,000
Inventory 35,000 38,000
Assuming that net credit sales for Year 2 totaled $270,000, what is the company's most recent accounts receivable turnover?
A)18 times
B)20 times
C)22.5 times
D)7.7 times
Related Questions
Scarcity exists when there are _______ resources available to satisfy all the competing uses.
Answers
Have a nice day.
if decision makers adjust fully to demand stimulus policies, persistent expansionary macro-policy will lead to
Answers
If decision makers fully adjust to demand stimulus policies, a persistent expansionary macro-policy can lead to inflationary pressures in the economy.
When the government implements expansionary fiscal or monetary policies to stimulate demand, such as increasing government spending or lowering interest rates, it can lead to increased aggregate demand in the economy. If decision makers fully respond to these policies by increasing their spending and investment, it can result in sustained economic growth. However, if the growth in demand outpaces the economy's capacity to produce goods and services, it can create inflationary pressures. This is known as demand-pull inflation, where excessive demand leads to rising prices.
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If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?
Answers
900 times 8%, or 0.08 is 72. So 72 is the interest for 1 year. You multiply that times 10 for ten years of interest and get 720. You add 900 and 720 and you get 1620. Therefore, 1620 is how much you have after 10 years with eight percent interest. Hopefully this helps!
All of the following are characteristics of Term Insurance, except:A) No permanent cash or loan value.B) High premium outlay in early years.C) Can be written separately or with other types of insurance.D) Will expire at an attained age or after a specified period.
Answers
All of the following are characteristics of Term Insurance, except B) High premium outlay in early years.
Term insurance typically has a lower premium outlay in the early years compared to permanent insurance. The main characteristics of term insurance include:
A) No permanent cash or loan value: Term insurance provides coverage for a specific period without accumulating any cash value.
C) Can be written separately or with other types of insurance: Term insurance can be purchased as standalone coverage or combined with other types of insurance policies.
D) Will expire at an attained age or after a specified period: Term insurance offers coverage for a specified term, such as 10, 20, or 30 years, and expires at the end of that term or when the insured reaches a certain age. The correct option is B) High premium outlay in early years.
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Last week, a disk crashed on a Windows Server 2016 system at CSM Tech Publishing. The disk contained the company's current project manuscripts. Fortunately, there was a backup, but all files that had been added or changed that day were lost. No RAID configurations were in use. A new disk had to be purchased for overnight delivery, and the data had to be restored. Two days of work were lost. The owner of CSM Tech wants to know what can be done to prevent the loss of data and time if a disk crashes in the future. The server currently has two disks installed: one for the Windows boot and system volumes and one for manuscript files. The disk used for manuscript files is about one-third full. There's enough money in the budget to purchase up to two new drives if needed. What solution do you recommend, and why
Answers
Implementing RAID 1 and purchasing new drives will provide a reliable and cost-effective solution to prevent data loss and downtime in the future.
To prevent the loss of data and time if a disk crashes in the future, I recommend implementing a RAID configuration on the Windows Server. RAID stands for Redundant Array of Independent Disks and it is a technology that allows multiple hard drives to work together as a single storage system.
In this case, I recommend implementing RAID 1 on the server. RAID 1, also known as mirroring, involves two hard drives being used as a pair. Any data written to one drive is also written to the other drive simultaneously. This means that if one drive fails, the other drive still contains an exact copy of the data and can be used to recover it.
By implementing RAID 1 on the server, the manuscript files will be stored on two separate disks instead of just one. This will provide redundancy and protect against data loss in the event of a disk failure.
Additionally, I recommend purchasing two new drives and using them to replace the current manuscript file disk. This will provide additional space for future projects and ensure that both drives are new and of the same quality.
Overall, implementing RAID 1 and purchasing new drives will provide a reliable and cost-effective solution to prevent data loss and downtime in the future.
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CASE STUDY PRODUCTION OR SAFETY? Atlantic Radiators Inc. manufactures automotive radiators. Demand for its prod- ucts has resulted in an empty warehouse, and there is an urgent need to increase production to satisfy current customers. John Roberts is an employee of Atlantic Radiators. His job is to spray each radiator core with a dilute solution of hydrochlo- ric acid and to bake the radiators in an oven. John's supervisor has spoken to him several times about the need to speed up and not be the bottleneck in the production process. As a result, John has been taking some shortcuts, including neglecting to wear the proper eye protection. Today, he splashed some of the acid mixture in his eye and will now be off work for several days. As plant manager, you are responsible for reviewing this incident. Who is at fault here? What can be done to ensure that similar incidents will not occur in the future?
Answers
Reinforcing a safety culture, conducting regular safety inspections, providing supervisory oversight, and continuously improving safety practices.
Employee Training and Awareness: Implement comprehensive safety training programs that educate employees on the importance of following safety protocols and using protective equipment. Emphasize the potential risks associated with shortcuts and the importance of reporting any safety concerns.
Reinforce a Safety Culture: Create a culture that prioritizes safety over production targets. Encourage open communication and empower employees to speak up about safety hazards or concerns. Reward and recognize employees who prioritize safety and adhere to safety protocols.
Regular Safety Inspections: Conduct regular inspections to identify potential safety hazards and address them promptly. This includes ensuring that appropriate safety equipment is available and functional, and that employees are using it correctly.
Supervisory Oversight: Train supervisors to prioritize safety and provide them with the skills to effectively manage and monitor safety protocols within their teams. Encourage supervisors to lead by example and actively promote a safe working environment.
Continuous Improvement: Establish a system for ongoing evaluation and improvement of safety practices. This can include conducting regular safety meetings, gathering feedback from employees, and implementing changes based on lessons learned from incidents or near misses.
By implementing these measures, the organization can work towards creating a safer working environment, reducing the risk of accidents, and ensuring the well-being of its employees.
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There are two basic kinds of credit cards. The typical credit card is based on a/an [ Select ] that is set by [ Select ] , and it is linked to your [ Select ] or personal request. The second kind of credit card is a [ Select ] and it is more like a [ Select ] because it is directly tied to a checking or savings account. All limits for this card are based on your [ Select ] instead of an approved limit.
Answers
Debit cards typically pull funds from a checking account, while credit cards charge purchases using a line of credit.
What type of credit is a credit card an example of?A credit card generally operates as a substitute for cash or a check and most often provides an unsecured revolving line of credit. The borrower is required to pay at least part of the card's outstanding balance each billing cycle, depending on the terms as set forth in the cardholder agreement.credit limitthe sponsoring financial institutioncredit ratingsecured carddebit cardaccount balanceA financial sponsor is a private-equity investment firm, particularly a private equity firm that engages in leveraged buyout transactions.A credit rating is a quantified assessment of the creditworthiness of a borrower in general terms or with respect to a financial obligation. Unlike a prepaid card, a secured card is an actual credit card that reports to the three major credit bureaus—providing the opportunity to build your credit, with responsible use.When you open a checking account at a bank or credit union, you usually get a debit card. A debit card lets you spend money from your checking account without writing a check. When you pay with a debit card, the money comes out of your checking account immediately.An account balance represents the available funds, or current account value, of a particular financial account, such as a checking, savings, or investment account.
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what's the language spoken in Egypt?
Answers
Answer:
Modern Standard Arabic
Explanation:
Answer:
Arabic thats the language of egypt because most them are Islamic
Which of the following is true regarding states that have adopted the reasonably foreseeable users test for accountant liability to
third parties?
Answers
The reasonably foreseeable users test holds an accountant liable to any third-party who was or should have been foreseen as a possible user of the accountant's work product and did, in fact, use and rely upon that work product for a proper business purpose.
What is accountant?By gathering, monitoring, and making necessary corrections to the company's finances, an accountant assists organisations in making important financial decisions. Financial audits, bank statement reconciliation, and ensuring that financial records are accurate all year long are under their purview.
Account analysis, auditing, and financial statement analysis are examples of professional accounting duties carried out by accountants. Accountants can work for an accounting firm, a sizable business with an internal accounting division, or they can open their own practise.
These four areas of accounting are forensic, corporate, public, and governmental. For any accounting employment, an undergraduate degree is typically a requirement, however prior master's work—especially in the accounting field—is frequently greatly encouraged.
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Employment contract law is a type of:
a.
Statutory Law
b.
Constitutional Law
c.
Common Law
Answers
Employment contract law is a type of Common Law. Employment contract law is a branch of the common law, which is concerned with the establishment and enforcement of agreements between employers and employees. The correct answer is option c i.e. Common Law.
It is a law that applies to all employment relationships, whether they are written or verbal. A common law system relies on judges' decisions, rather than legislative enactments, to set precedents and establish rules. This means that common law is a law made by judges in court cases. The common law system of legal reasoning is based on principles of precedent, meaning that once a court decision has been made on a particular point of law, it becomes binding on lower courts in the same jurisdiction.
This is known as the doctrine of stare decisis, which means "let the decision stand."Employment contract law is therefore part of the common law of contract, which is the body of law that deals with agreements between individuals and businesses. It establishes the legal rights and obligations of the parties involved in an employment relationship, including issues such as wages, working conditions, and termination of employment.
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stewart county school district is about to raise funds for a new school through a bond issue. the plan is to raise $3,475,000 with a 3.15% coupon, 12-year bond. the underwriter indicates the bonds will be sold at a price of $100.65 per $100. the yield to maturity on the bond is:
Answers
The calculated yield to maturity is approximately -0.9643 or -96.43%.
To calculate the yield to maturity (YTM) on a bond, we need to consider the coupon rate, bond price, and the bond's remaining term.
Given:
Face Value of the Bond (FV) = $100Coupon Rate = 3.15%Bond Price = $100.65Remaining Term = 12 yearsTo calculate the yield to maturity, we can use financial functions or approximation methods. Here, we'll use an approximation method:
Step 1: Calculate the annual coupon payment:
Coupon Payment = Coupon Rate * Face ValueCoupon Payment = 3.15% * $100Coupon Payment = $3.15Step 2: Calculate the total cash inflow from the bond over its remaining term:
Total Cash Inflow = (Annual Coupon Payment * Number of Years) + Face ValueTotal Cash Inflow = ($3.15 * 12) + $100Total Cash Inflow = $37.80 + $100Total Cash Inflow = $137.80Step 3: Calculate the yield to maturity using the bond price and total cash inflow:
\(YTM = (Total Cash Inflow / Bond Price) ^{ (1 / Remaining Years) - 1\)\(YTM = ($137.80 / $100.65) ^ {(1 / 12) - 1\)\(YTM = 1.3708 ^ {(1 / 12) - 1\)YTM = 0.0357 - 1YTM = -0.9643The calculated yield to maturity is approximately -0.9643 or -96.43%.
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Credit card companies allow debtors to make partial payments of about 5% of the total bill. Why do they do this, and do you think this should be legal? Explain
Maxed out movie
Answers
Credit card companies allow debtors to make partial payments of about 5% of the total bill because it benefits both the debtor and the credit card company. For the debtor, it provides some relief and flexibility in making payments, especially if they are struggling financially.
From the perspective of the credit card companies, this practice is beneficial because it allows them to generate consistent revenue from interest charges while minimizing the risk of default. It also encourages cardholders to continue using their credit cards, potentially accruing more debt and interest charges.
In conclusion, credit card companies offer the option of minimum payments to provide flexibility to consumers and generate revenue from interest charges. While this practice is legal, consumers should be cautious about relying on minimum payments to manage their credit card debt.
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FILL THE BLANK. "The actual interest rate on a loan that is compounded daily but
expressed as an annual rate is referred to as the ___________.
1). effective annual rate
2). quoted rate
3). none of the answer choices"
Answers
The correct answer is 1). effective annual rate. The effective annual rate refers to the actual interest rate that is applied to a loan or investment when it is compounded daily but expressed as an annual rate.
When a loan or investment is compounded daily, the interest is calculated and added to the principal balance every day. The effective annual rate takes into consideration this compounding effect and expresses the interest rate on an annual basis.
The effective annual rate is important for borrowers and investors to understand as it allows them to compare different loan or investment options on an equal basis. It provides a standardized measure of the true cost or return, taking into account compounding, and allows for more accurate decision-making.
In contrast, the quoted rate is simply the interest rate that is stated or advertised by the lender or issuer. It does not consider the compounding frequency and may not reflect the actual cost or return over a one-year period. Therefore, the effective annual rate provides a more comprehensive and accurate representation of the interest rate in such cases.
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purchased grooming equipment for $12,700
Answers
Answer:
who spends that much-
Explanation:
okay good job on the server Andrew and it they said
5. The demand for professional education is increasing these days. Put your views to support the
statement.
Answers
Answer:
Professional education helps to rectify the errors in business
Explanation:
What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
Answers
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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wright market research is able to borrow money at a rate of 6.8 percent per year. this interest rate is called the:multiple choice
a.capital gains yield.
b.cost of capital
c.current yield
d.compound rate
e.cost of debt
Answers
The interest rate at which Wright Market Research is able to borrow money, 6.8 percent per year, is referred to as the E. cost of debt.
The cost of debt is the effective interest rate a company pays on its debts, such as loans and bonds. It is an important factor for a business to consider when determining the overall cost of financing its operations.
The other options provided do not accurately describe this interest rate. The capital gains yield (option a) is the return on an investment due to an increase in its market value, not the interest rate on borrowed funds. The cost of capital (option b) refers to the required return on a company's investments, which encompasses both the cost of debt and the cost of equity. The current yield (option c) is a financial metric that measures the income generated by an investment relative to its market price, typically applied to bonds or stocks. Lastly, the compound rate (option d) refers to the interest rate that considers the effect of compounding, which is the process of earning interest on both the principal and previously earned interest.
In summary, the 6.8 percent per year interest rate at which Wright Market Research can borrow money is known as the cost of debt, as it represents the effective rate the company pays on its borrowed funds. This rate is a crucial aspect for businesses to evaluate when managing their finances and planning for future growth.
Therefore, the correct answer is E. cost of debt.
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4. Noah paid all of his bills and put a bit of money in savings for the month. He has a little bit of money left-over to spend on going shopping or going out with friends. This left over
money is also known as:
gross pay
disposable income
Insurance
debt
Answers
Answer:
Disposable Income
Explanation:
dis·pos·a·ble in·come
/dəˈspōzəbəl ˈinˌkəm,dəˈspōzəbəl ˈiNGˌkəm/
Learn to pronounce
noun
income remaining after deduction of taxes and other mandatory charges, available to be spent or saved as one wishes.
"the rents of tenants in work reached 21 percent of disposable income"
Answer:
the answer is disposable income
Explanation:
The use of theory and observation is more difficult in economics than in sciences such as physics due to the difficulty in.
Answers
Due to the difficulty of "performing an experiment in an economic system," the use of theory and observation is more challenging in economics than it is in sciences like physics.
Why are observations felt more challenging in economics than in sciences?In comparison to other sciences, such as physics, using theory and observation is more challenging in economics since it is challenging to run a control experiment in an economic system. They are pure sciences, including physics.
We grant them the designation because we have the ability to regularly use scientific procedures in our search for more unambiguous truths and to observe phenomena, conduct experiments, and duplicate experiments.
But even though we consider economics to be social science, it has problems with experimentation, replication, and the use of the scientific method.
However, social and human behavior have recurrently unstable and challenging to recreate stages, thus we cannot directly extract economic variables from those.
Due to the individual nature of each person, experiments on one cannot ever be repeated on another.
Therefore, economists frequently collect information from past instances of economic change to contradict their theories.
Therefore, neither the facts nor the hypotheses can be proven to be exact by conducting experiments with fictitious economic variables.
Hence, "performing an experiment in the economic system," is the correct answer.
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Ruthe lost her job last year, and she's fallen three months behind on the mortgage payments for her baltimore home. she seeks the services of chuck, a foreclosure consultant. chuck charges ruthe $1,000 up front, then disappears and fails to return ruthe's calls. phifa permits ruthe to ______.
Answers
Phifa permits Ruthe to take action where Chuck can be held accountable in a private lawsuit for up to $3,000 in damages and appropriate legal costs.
What is a lawsuit?A lawsuit is an action brought by one or more parties in a civil court of law against another party. In most cases, the procedures involved in a civil lawsuit are known as litigation.
For damages occurred as a result of a PHIFA-prohibited practice, a homeowner may file a civil lawsuit against a foreclosure consultant.
The court can impose fines up to three times the amount of real damages if it determines that the accused violated PHIFA intentionally. The homeowner may also demand fair legal fees.
Therefore, Ruthe can demand $3,000 as damages in the private lawsuit.
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The Market Portfolio (of stocks) contains all stocks available, each in proportion to its capitalization.
A. True
B. False
Answers
True. The Market Portfolio is a theoretical portfolio that contains all stocks available in the market, each weighted in proportion to its market capitalization.
The concept was introduced by Harry Markowitz, a Nobel Prize-winning economist, as part of his work on modern portfolio theory. The market portfolio is considered to be the most diversified portfolio possible because it contains a representative sample of all the stocks available in the market. This makes it a useful benchmark for measuring the performance of other portfolios or investment strategies. While it is not possible to invest directly in the market portfolio, many investors use index funds that are designed to track the performance of the market as closely as possible.
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List 7 types of media's with notes about them. Or less.
Answers
Answer:
good
Explanation:
Print Media (Newspapers, Magazines)
Broadcast Media (TV, Radio)
Outdoor or Out of Home (OOH) Media.
Internet.
Which is a contract used when two or more individuals create a business?
A Partnership agreement
B lease
C Employment agreement
D Employment offer
Answers
A. Partnership agreement
Answer:
Partnershi agreement
Explanation:
Helena is only a couple months into running her nail salon business and she
has just paid all of her expense for the month. She made $5,000 for the
month of June and her expenses totaled about the same. Which term best
describes this occurrence?
A. Return on investment
B. Break-even point
C. Survival pricing
D. Markup plan
Answers
Answer:
B. Break-even point
Explanation:
APEX
The given situation can be best described as the Break-even point. Hence, Option B is correct.
What does Break-even point mean?
In economics, business, and particularly cost accounting, the break-even point is the point at which total cost and total income are equal, or "even."
Although opportunity costs have been paid and capital has received the risk-adjusted, projected return, there is no net loss or gain, and one has "broken even."
The break-even threshold is reached when overall costs and total revenues are equal, leaving small firm with no net benefit or loss. In other words, when an individual achieved the point in production where the revenue from a product equals the cost of manufacture.
Therefore, Option B is correct as the expenses and income both are same in the month of June.
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HELP ASAP PLEASE
The CPI is calculated by comparing
the spending levels at the beginning of
each year to the end of each year. In
this way, the calculation is similar to
what?
A. Unemployment
B. Inflation
C. Circular Flow Model
Answers
Answer:inflation
Explanation:
compare and contrast reference theory of meaning and idea theory of meaning
Answers
Explanation:
Reference theory of meaning is a philosophical thought that believes the meaning of a word or acronym is doing in what it points out in the world. But the idea theory of meaning feels the meaning of a word or acronym lies in the group it represents.
For example, the meaning of the term would be seen as relating to illnesses and viruses as well as number of years from the point of view of idea theory of meaning. While the reference theory of meaning would allude the meaning using proper reference to the illness (Coronavirus) that caused the disease.
fannie mae and freddie mac experienced financial problems during the credit crisis because they:
Answers
Fannie Mae and Freddie Mac experienced financial problems during the credit crisis because they were heavily invested in the US housing market, particularly in the subprime mortgage market.
They purchased large numbers of mortgages, including many subprime mortgages, and bundled them together into securities that were sold to investors.
When the housing bubble burst and many homeowners defaulted on their mortgages, the value of these securities plummeted, causing huge losses for Fannie Mae and Freddie Mac.
Additionally, Fannie Mae and Freddie Mac held large amounts of debt and relied heavily on borrowing to finance their operations, which made them vulnerable to liquidity problems during the crisis.
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When were cooking guilds formed, establishing many of the professional standards and traditions still used today?.
Answers
The period when cooking guilds formed, establishing many of the professional standards and traditions still used today were formed was 1400-1600 A.D. during the Renaissance.
How did the Renaissance impact society?Art, science, and culture underwent a new transformation throughout the Renaissance. With first the rediscovery of classical philosophy, literature, and art, as well as the new discoveries in travel, invention, and style, it altered the way the citizens thought.
The Renaissance demonstrates the value of looking to the past for solutions to current problems and inspiration. By looking to the past for advice today, we can uncover not just potential sources of solutions, but also strategies for overcoming problems that earlier cultures have had to deal with.
It should be noted that during this period, people tried out new things and this was when cooking guilds weee formed, which established many of the professional standards and traditions still used today.
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Which of the following is not listed in the text as an important leadership trait? a) Diligence b) Articulateness c) Power Hungry d) Intelligence.
Answers
Some characteristics that are frequently linked to leadership include intelligence (both mental capacity and emotional intelligence), personality (extraversion, conscientiousness, openness to experience, self-esteem), and integrity.
The Department of the Army Pamphlet No. 22-1 "Leadership," published in 1948, served as the inspiration for the Marine Corps' 14 Leadership Traits (Bearing, Courage, Decisiveness, Dependability, Endurance, Enthusiasm, Initiative, Integrity, Judgment, Justice, Knowledge, Loyalty, Tact, and Unselfishness). The qualities of effective leaders include self-awareness, credibility, relationship-building, a bias for action, humility, empowerment of others, authenticity, presenting themselves as constant and consistent, becoming role models, and being completely present. The five key leadership competencies needed for effective leadership are vision, empowerment, intuition, self-understanding, and value congruence.
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Why is it important to dress correctly for work?
Answers
Answer:
It is important to dress correctly for work to give a proper and professional impression to your coworkers, thereby increasing the respect they have for you. Not just that, but the way a person dresses affects their confidence. So dressing correctly would boost your confidence as well.
For professional viewing
Explanation: