At the end of the current year, the accounts receivable account has a debit balance of $4,800,000 and sales for the year total $1,080,000. Using this information, complete # 2 and # 3 below. 2. The al
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Given that at the end of the current year, the accounts receivable account has a debit balance of $4,800,000 and sales for the year total $1,080,000.Based on this information, we can calculate the accounts receivable ratio by using the below formula.
Accounts receivable turnover ratio = Net credit sales / Average accounts receivable.Net credit sales = Total sales - Sales returns and allowancesAverage accounts receivable = (Opening accounts receivable + Closing accounts receivable) / 2.
Now, we can find out the accounts receivable turnover ratio as follows.Accounts receivable turnover ratio = $1,080,000 / [($0 + $4,800,000) / 2]
Accounts receivable turnover ratio = $1,080,000 / $2,400,000Accounts receivable turnover ratio = 0.45 times.
As per the given information, it is not possible to find out the number of days sales in receivables. However, it can be found out by using the below formula.Number of days sales in receivables = 365 days / Accounts receivable turnover ratio.Now, we can find out the number of days sales in receivables as follows.Number of days sales in receivables = 365 days / 0.45 times.Number of days sales in receivables = 811 days.Hence, the main answer is as follows:Accounts receivable turnover ratio = 0.45 times.Number of days sales in receivables = 811 days.
The accounts receivable turnover ratio is a measure of how many times a company's accounts receivable is converted to cash in a given period. This ratio measures a company's effectiveness in collecting its receivables or its ability to extend credit and collect money owed. A higher ratio indicates that a company is better at collecting its accounts receivable than a lower ratio.Accounts receivable turnover ratio = Net credit sales / Average accounts receivable.Number of days sales in receivables = 365 days / Accounts receivable turnover ratio.Based on the given information, the accounts receivable turnover ratio is calculated to be 0.45 times.
This indicates that the company's effectiveness in collecting its receivables is low, and it takes a longer time to convert its receivables into cash.The number of days sales in receivables is calculated to be 811 days. This means that the company's receivables are outstanding for an average of 811 days before they are converted to cash. This is a high number of days, which indicates that the company is taking a long time to collect its receivables.
Therefore, based on the above calculations, it can be concluded that the company needs to improve its accounts receivable management practices to reduce the number of days sales in receivables and improve its accounts receivable turnover ratio.
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Related Questions
marketers often race too quickly into research studies to collect
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Marketers rush into research studies to gather data without sufficient planning, which can lead to poor study design and inaccurate insights.
Marketers often feel a sense of urgency to collect data through research studies. They may be driven by the need to stay competitive, respond to market trends, or meet tight deadlines. However, this rush can lead to several pitfalls. Insufficient planning can result in poorly designed studies, inadequate sample sizes, or biased data collection methods. These flaws can compromise the validity and reliability of the research findings.
Moreover, hastily jumping into research studies without a clear objective or well-defined research questions may yield irrelevant or incomplete insights. It's crucial for marketers to invest time in planning and developing a research strategy that aligns with their goals. This involves defining the purpose of the study, identifying the target audience, selecting appropriate research methodologies, and establishing a robust sampling framework.
Taking the time to properly plan research studies allows marketers to gather accurate and relevant data, enabling them to make informed decisions and develop effective marketing strategies. It also ensures that the research process is thorough and reliable, enhancing the overall quality of the insights obtained.
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under what circumstances may a licensee advertise specific loan rates or terms?
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The specific circumstances under which a licensee may advertise loan rates or terms can vary depending on the jurisdiction and the regulations that govern lending and advertising practices.
In many jurisdictions, financial institutions and lenders are subject to various regulations and consumer protection laws.
These regulations often dictate the manner in which loan rates and terms can be advertised to ensure transparency and prevent misleading or deceptive practices.
Compliance with Truth in Lending Act (TILA) or similar legislation: TILA requires lenders to disclose specific information about loan terms, including the Annual Percentage Rate (APR), finance charges, and payment terms.
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what are rock layers
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Answer:
the answer is isStratum
which product has become a flashpoint in trade negotiations making it somewhat risky for marketers participating in international trade?
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Marketing professionals involved in international trade should be aware that chicken has become a flashpoint in trade discussions.
What do international marketing and trade mean?Majoring in international commerce and marketing prepares students for management positions in multinational companies that are active in global trade and fashion. Graduates work in marketing internationally, management, licensing, sourcing, and logistics. They also work in compliance, customs, and import/export processes.
What function does marketing serve in the world of trade?For international trade to succeed, marketing is crucial. If a country doesn't advertise its products in the markets it wishes to enter, it won't sell very much! Therefore, the amount of sales a company makes abroad and its success in international marketing are highly correlated.
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If a salesperson notices a billing error in an order, he or she should: Group of answer choices let the finance team take a call on it. inquire about the severity of the error and act accordingly. wait until the customer notices it. correct billing problems without being prompted by the customer. leave it to the senior management to decide whether or not to rectify it.
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Answer:
c. Correct billing problems without being prompted by the customer.
Explanation:
If a salesperson notices a billing error in an order, he or she should correct billing problems without being prompted by the customer. A Salesperson should act there after the notice and fix the billing problems for the customer as it may result in confusion later.
Do you follow celebrity news (People Magazine, TMZ, US Weekly, E! Television or E!Online) or gossip news sites? If you don’t, consider what you know about the paparazzi and tabloids. According to what you now know about journalistic ethics, do they follow the guidelines? Why or why not?
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Answer: I personally don’t really follow celebrity news because there is to much information and some of the journalists follow the guidelines because they want to do there job right if they don’t want to do there job right then they won’t even bother to follow the guidelines rules so I think there would be a 50 50 percent Chance that half would follow the guidelines rules and the other half would not follow the guidelines rules
Explanation:
Answer: I do not follow any specifically, I know that paparazzi follow celebrities around and sort of stalk them. They are overly interested in famous people's lives. Tabloids are sort of like a newspaper but with more information of drama and celeberties. They should focus on keeping the stories correct, and paying more attention they would have more reliable stories.
True or False: On average family businesses survive longer than nonfamily
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The given statement On average family businesses survive longer than nonfamily is True beause, Research has shown that family businesses tend to have a longer lifespan compared to nonfamily businesses.
According to a study by the Conway Center for Family Business, family businesses are more resilient and tend to outlast their counterparts because they have a stronger sense of purpose and a commitment to their family legacy. Family businesses also tend to be more financially conservative, which allows them to weather economic downturns and maintain stability in the long term.
Moreover, the emotional bond and shared values within a family business often translate into a stronger work ethic and a more cohesive team, which can lead to increased productivity and success. However, family businesses also face unique challenges, such as potential conflicts between family members and difficulty separating family issues from business decisions. Despite these challenges, the longevity and success of family businesses make them an important and valuable part of the global economy.
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Jacob was assigned recently to a large team working on a major software release that was taking longer than expected. Jacob and the other latecomers into the project spent a month partnered with a senior programmer who went over the project in detail with them and got them up to speed. Unfortunately, this training put the project even farther behind schedule. After a few months of working on the project with many other programmers, Jacob's work output becomes noticeably lower than it was before when he was working independently. The loss of work time on the project because of the training is known as
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Answer:
Brook's law
Explanation:
Brook's law postulates that adding manpower late to a software project increases the time of project completion rather than shorten it. This law was postulated by Fred Brooks in The Mythical Man-Month.
Adding new personnel to a project takes the attention of other personnel from the project to training new personnel. This would increase the time for project completion. This is referred to as the ramp up time
As more manpower is added to the project, communication overhead increases. this increases the time for project completion as more time would be spent on communication rather than on carrying out the project
A whole supermarket shelf of snack food bags is marked, "Frito-Lay." This is an example of a(n)
brand.
a. co brand
b. individual
c private
d. wholesale
e. family
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Eli is buying a townhouse that costs $276,650. He has $28,000 in savings and earns $4,475 a month. Eli would like to spend no more than 30% of his income on his mortgage payment. Which loan option would you recommend to Eli? a. 30 year FHA, 3. 5% down at a fixed rate of 6. 5% b. 30 year fixed, 5% down at a fixed rate of 6. 25% c. 30 year fixed, 6. 5% down at a fixed rate of 5. 75% d. 30 year fixed, 10% down at a fixed rate of 5%.
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The loan option which I would recommend to Eli is which there are 30 years fixed, 10% down at a fixed rate of 5%.
What is the interest rate?The quotient of a loan, that is charged as interest to the receiver, is typically expressed as an annual percentage of the loan outstanding.
Given data are:
Cost of buying a townhouse = $276,650
Savings = $28,000
Earns per month = $4,475
computation:When we take 10% down, fix rate than a cover for the down payment is:
cover for the down payment :
\(\text{Cover for the down payment}=\text{10\%}\times\text{Cost of House}\\\\\text{Cover for the down payment}=\dfrac{10}{100} \times\$276,650\\\\\text{Cover for the down payment}=\$27,665.\)
And, here monthly income is $4,475
So, the mortgage will be :
\(\text{Mortgage}=30\%\times\$4,475\\\\\text{Mortgage}= \$1,342.50.\)
So, by the balance of the mortgage is:
\(\$276,650 - \$27,665= \$248,985.\)
Hence, the total monthly repayment is:
Total monthly repayment:
\(\$248,985\times\dfrac{0.05}{12}+\dfrac{348985}{30\times12}\\\\=\$1729.08.\)
Therefore, option D is correct.
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when the ipad mini came out, yvonne spent the night in front of the store so she could get one before any of her friends. according to the diffusion of innovation, yvonne is a(n)
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So she is an innovator because she wants to buy an iPad right away.
What exactly is an innovator?An innovator is someone who can turn new knowledge and skills into a profitable product or service. It could take small or large forms, but (in general) it refers to bringing about some kind of significant positive change. They identify and act on opportunities for improvement. He is a true pioneer and innovator who always exceeds expectations and follows his visions: He is a true pioneer and innovator who always sets new standards and follows his visions. In this situation
Yvonne wants to buy new ipad mini on the first go.
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The mining and export of minerals and precious stones is very important part of the Namibian economy. It was reported that despite a sharp decrease in the quantity of these exports between 1995 and 1999 the export value of the items rose in that period. a) Where the minerals and precious stones would be recorded in the Namibian balance of payments?
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Answer:
The minerals and precious stones would be part of the current account, which is one of the three components of the balance of payments, the other two being the capital account and the financial account.
Explanation:
The current account includes income transfers, current transfers, the balance in the trade of services, and the balance in the trade of goods. The export value of minerals and precious stones would more specifically be in the balance of the trade of goods, simply because minerals and precious stones are classified as economic goods.
Do you agree with Dr. King that you can protest an unjust law and still be respectful of the law?
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Answer:
One has not only a legal but a moral responsibility to obey just laws. Conversely, one has a moral responsibility to disobey unjust laws. Any law that uplifts human personality is just. Any law that degrades human personality is unjust.
Explanation:
“An individual who breaks a law that conscience tells him is unjust, and who willingly accepts the penalty of imprisonment in order to arouse the conscience of the community over its injustice, is in reality expressing the highest respect for the law” – Martin Luther King, Jr.
what is your name and why?
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Answer:
my name is sonia and it's my parent's choice,so don't know why
Explanation:
brainliest plz
What is the effect of credit card interest on the real cost of items?
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Answer:
Credit card interest rates, also known as finance charges, vary from one card issuer to another and may also vary across different credit cards from the same issuer. Before getting a credit card, you must be aware of the interest rate charged on it. Unlike other loans, credit card interest rates are usually not linked to the user’s credit score and repayment capacity. Every credit card has a preset finance charge and it will be the same for all the customers.
The most important point to note here is that interest is charged on credit cards only if you have not paid the outstanding amount in full or withdrawn cash from ATMs using the credit card. No interest is charged when you clear your credit card dues on time.
which of the following is a possible cause for an unfavorable labor rate variance? using attainable standards rather than ideal standards. producing fewer units than expected. an unexpected increase in demand caused the direct labor workforce to work overtime. an unexpected increase in hiring new unskilled personnel.
Answers
An unexpected increase in hiring new unskilled personnel is a possible cause for an unfavorable labor rate variance.
Labor rate variance measures the difference between the actual labor rate paid and the standard labor rate expected for a given level of production. An unfavorable labor rate variance occurs when the actual labor rate is higher than the standard labor rate.
Among the options provided, an unexpected increase in hiring new unskilled personnel can lead to an unfavorable labor rate variance. Hiring unskilled personnel may result in a lower skill level and productivity compared to the standard labor rate assumptions. If these new hires are paid at the same rate as skilled personnel but their productivity is lower, it would lead to a higher actual labor rate and, consequently, an unfavorable labor rate variance.
Producing fewer units than expected or an unexpected increase in demand causing overtime work may impact labor efficiency (labor efficiency variance), not the labor rate variance. Using attainable standards rather than ideal standards can affect labor efficiency and material usage variances, but not the labor rate variance.
An unexpected increase in hiring new unskilled personnel can be a possible cause for an unfavorable labor rate variance.
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____ refer(s) to purchasing shares in a foreign enterprise largely owned and controlled by the investor.
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The term that refers to purchasing shares in a foreign enterprise largely owned and controlled by the investor is known as "foreign direct investment" (FDI).
FDI involves the acquisition of ownership stakes or equity positions in a foreign company, granting the investor significant control and influence over the enterprise's operations and decision-making. This form of investment typically entails a long-term commitment, as the investor seeks to establish a lasting presence and actively participate in the management and strategic direction of the foreign enterprise. FDI allows investors to expand their business activities internationally, tap into new markets, access resources or technology, and benefit from potential synergies. It is a strategic approach to gain a foothold in foreign markets and foster closer integration with global economies.
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Analysts say visitors stay an average of how many seconds on any webpage?
A. 1-2 Seconds
B. 5-15 Seconds
C. 10-20 Seconds
D. 45-60 Seconds
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assume you pay a tax of $15,000 on a taxable income of $70,000. if your taxable income were $100,000, your tax payment would be $25,000. this suggests that the tax is
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Suppose you have a $70,000 taxable income and you pay $15,000 in taxes. Your tax payment would be $25,000 if your taxable income was $100,000. This implies that the tax system is progressive.
A progressive tax system is one where the tax rate increases as the taxable income increases. This means that individuals with higher incomes pay a larger percentage of their income in taxes than those with lower incomes. The aim of a progressive tax system is to reduce the income inequality gap between high and low-income earners.
In the case given, we see that as the taxable income increases from $70,000 to $100,000, the tax payment increases from $15,000 to $25,000, respectively.
This increase in the tax payment indicates that the tax rate also increased as the taxable income increased, which is characteristic of a progressive tax system. Therefore, based on the information provided, we can conclude that the tax system is progressive.
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this form will be sent to Lily by the end of January. She will use this form to...
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Answer:
\(\large\colorbox{white}{File her income taxes}\)
Explanation:
\(\large\colorbox{orange}{ɪ ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs}\)
\(\large\colorbox{lime}{Xxᴊᴀsʜ13xX}\)
suppose you want to quickly perform a customer marketing survey, while allowing some measure of anonymity and keeping costs as low as possible. what type of survey would be a good choice for this purpose?
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The type of survey would be a good choice for this purpose is called as the Telephone.
An effective method for getting data from a sizable and varied population is conducting a survey. In order to make wise judgements, spot trends, and track changes over time, it enables researchers to collect data from a representative sample of the population.
Insight into people's attitudes, beliefs, and behaviours is also significant since it may be helpful in creating marketing tactics, creating programmes and policies, and making critical choices.
The following sentence might be included in a questionnaire design to remind respondents of the survey's purpose and the confidentiality of their personal data: "Thank you for taking the time to participate in this survey. This questionnaire's objective is to learn more about your experiences.
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will give brainliest if correct (repost)
Answers
Answer:
decrease in demanded
Explanation:
the green one is the answer
Answer:
The other person is correct
Explanation:
have a great rest of your day :)
The purchase of new car is included in: investment expenditure consumption expenditure on services consumption expenditure on nondurable goods consumption expenditures on durable goods
Answers
Answer:
Consumption expenditure on durable goods
Explanation:
Consumption expenditure includes expenditure on goods which are used for final consumption by households. This can be further classified into,
i) Expenditure on durable goods that is goods that can be used over a longer life span such as cars, furniture, refrigerator, etc
ii) Expenditure on non-durable goods that are goods that have a short-life span and thus must be stored for a longer time such as food, clothing, etc
iii) Expenditure on services such as banking, insurance, traveling, etc
Thus, purchase of a new car is included in consumption expenditure on durable goods.
Steve has worked 36 hours this week at $10/hour. On his last shift of the week he clocks in at 8:05 am and takes his lunch at 11:53. He comes back from lunch at 12:35 and clocks out at 4:56. How much will Steve's Gross Pay be?
Answers
Answer:
$441.5
Explanation:
Hours already worked = 36 hours
Rate = $10 / day
Number of hours worked on last shift :
8:05 - 11:53 = 3 hours 48 minutes
12:35 - 4:56 = about 4 hours 21 minutes
Total hours (3 hours 48) + (4 hours 21 minutes). = 8 hours 9 minutes
Hence, total hours worked that week :
36 hours + 8hours 9 minutes
44 hours 9 minutes
Rate = $10 / hour
(44*$10) + (9/60 * $10)
$440 + $1.5
Gross pay = $441.5
1. Which of the following would be classified as a tangible asset?A. Copyright.B. Goodwill.C. Iron ore deposit.D. Patent
Answers
Of the following options, the one that would be classified as a tangible asset is iron ore deposit. The correct option is C. Iron ore deposit.
What is an asset?An asset is a resource that an individual or corporation possesses, owns, or regulates in the expectation that it will provide some future advantage. Assets are divided into two categories: tangible and intangible. Tangible assets are real assets that can be physically seen, touched, and felt, such as a car or a building. Intangible assets, on the other hand, are abstract assets that cannot be touched or seen, such as patents and copyrights.Iron ore deposit: A tangible asset.
An iron ore deposit is a tangible asset. The asset is something that can be physically seen and touched. The mineral reserves can be regarded as a tangible asset, which can be extracted from the earth's crust and converted into steel.
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What is sand largely used for in industry?
a. Make concrete bAgriculture c.Landscaping dArchitectural design
Answers
A. Make concrete is sand largely used for in industry.
Sand is largely used in the industry as a key raw material in the construction of buildings, roads, bridges, and many other infrastructures. Sand is an essential part of the building and construction industry. It is largely used to make concrete, which is the most common material used for construction. Concrete is a combination of sand, cement, and water, and is used for a variety of construction projects.
Sand is used in a variety of ways in the industry, some of which include:To make concrete: As mentioned earlier, sand is used to make concrete. It is used as a key raw material in the production of concrete.To make glass: Sand is used to make glass, which is used in the manufacturing of a wide range of products.
To produce silicon: Sand is also used to produce silicon, which is used in a wide range of electronic devices, such as computers, smartphones, and tablets.To make molds: Sand is used to make molds in the casting industry. It is used to create the mold into which molten metal is poured to create a variety of metal products.
Therefore, option (a) Make concrete is the correct answer.
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long-term capital gains are taxed at a maximum rate (not including medicare taxes) of
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Long-term capital gains are taxed at a maximum rate, excluding Medicare taxes. The tax treatment of long-term capital gains refers to the taxation of profits derived from the sale of assets held for more than one year.
The tax rate applied to long-term capital gains is generally lower than the tax rate for ordinary income, which includes wages and salaries. As of my knowledge cutoff in September 2021, the maximum tax rate for long-term capital gains depends on an individual's income level.
For individuals in the highest tax bracket, the maximum tax rate for long-term capital gains was 20% (excluding additional Medicare taxes). However, it is important to note that tax laws and rates can change over time, so it is advisable to consult the current tax regulations or a tax professional for the most up-to-date information.
Additionally, it is worth mentioning that certain types of assets, such as collectibles or real estate, may be subject to different tax rates or special rules for long-term capital gains.
It is always recommended to seek professional tax advice to understand the specific tax implications of long-term capital gains based on individual circumstances and the current tax laws in effect.
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Icemoon Incorporation has bonds with 12 years to maturity, a par value of $1,000, a YTM of 8 percent, and a current price of 847.53. The bonds make semiannual payments. What must be the coupon rate be on these bonds? 6 percent b. 7.52 percent c. 5.73 percent d. 4 percent e. 8.73 percent
Answers
The coupon rate on these bonds is 7.52 percent. Therefore the correct option is b. 7.52 percent
To calculate the coupon rate, we can use the formula for the price of the bond. The given information includes the price of the bond ($847.53), the par value of the bond ($1,000), the number of years to maturity (12 years), the YTM (8%), and the fact that the bond makes semiannual payments.
Using the formula and the given information, we can set up the equation to solve for the coupon rate. The coupon payment (C) is calculated as half of the coupon rate multiplied by the par value of the bond. Therefore, C = ($500 * Coupon Rate).
Substituting the values into the formula for the price of the bond and solving the equation, we can find the coupon rate. The equation becomes:
$847.53 = ($500 * Coupon Rate) / (1 + 0.04)1 + ($500 * Coupon Rate) / (1 + 0.04)2 + ... + ($500 * Coupon Rate) / (1 + 0.04)24 + $1,000 / (1 + 0.04)24
By solving the equation using trial and error or a financial calculator, we find that the coupon rate is 7.52 percent.
Based on the given information and calculations, the coupon rate on these bonds is 7.52 percent. This means that the bond pays an annual coupon payment equal to 7.52 percent of its par value, which is $1,000 in this case.
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Examples of Leadership Development tools
include all of these EXCEPT:
a. 360 degree feedback
b. Discernment review
c. Myers-Briggs Type Indicator
d. executive coaching
Answers
Leadership development tools include a. 360-degree feedback, c. Myers-Briggs Type Indicator.
d. executive coaching. Discernment review is not typically considered a leadership development tool.
Leadership development tools are resources and techniques used to enhance leadership skills and capabilities. Three commonly used tools are 360-degree feedback, Myers-Briggs Type Indicator (MBTI), and executive coaching.
1. 360-degree feedback: This tool gathers feedback from multiple sources, including superiors, subordinates, peers, and sometimes even customers or clients. It provides a comprehensive view of a leader's strengths and areas for improvement.
2. Myers-Briggs Type Indicator (MBTI): MBTI is a personality assessment tool that helps individuals understand their personality preferences and how they impact their leadership style. It can provide insights into communication, decision-making, and conflict resolution.
3. Executive coaching: Executive coaching involves one-on-one guidance and support from a professional coach to help leaders develop specific skills, overcome challenges, and achieve their leadership goals.
However, discernment review is not typically considered a leadership development tool. Discernment review is a process used to make important decisions by carefully considering various factors and seeking insight or guidance. While it may be valuable in decision-making, it is not directly linked to leadership development.
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Write qnd explain 2 advantages that business can obtain by registering its name
Answers
There are a number of benefits when a business is registered, the main benefits are, limited liability and can open company bank accounts.
What is a Company?A company if registered as a limited liability is a company which can have a bank account on the company's name and also the owners of the company is entitled for the limited liability.
The limited liability is the waiver of liability from the owner of the company, when a company is registered as a limited liability it is separate from its owners and the owners are not personally liable for any losses made by the company.
In a case of a bankruptcy the owners will not pay the creditors of the company from their personal assets. However the company is liquidated and the creditors are paid off by the assets of the company.
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