Question 4 (1 point) Beginning Ending Inventory $27,000 $28,000 Accts. Rec. 21,000 22,000 Accts. Pay. 10,000 14,000 Credit Sales = $175,000 COGS = $125,000 How many days are in the receivables period?

Answers

Answer 1

The receivables period is approximately 45 days and the annual credit sales are $175,000.

The average number of days it takes for a company to collect payment after a sale has been made is known as the receivables period, which is also known as the day's sales outstanding (DSO). The formula to determine the Receivables period is given as,

Receivables period = (Accounts receivable / Annual credit sales) × 365

Given data:

Annual credit sales = $175,000.

accounts receivable = 21,000 and 22,000

The average accounts receivable for the period = ($21,000 + $22,000) / 2

= $21,500.

Substuting the values into the formula gives us:

Receivables period = ($21,500 / $175,000) × 365

=45 days

Therefore, the receivables period is approximately 45 days.

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Related Questions

Sarah is not a resident of Washington although her website can be accessed by residents of that state. Barbara files a suit against Sarah in a Washington state court. The court is most likely to have jurisdiction over Sarah if Barbara's claim arises from Group of answer choices minimum contacts between Sarah and any Washington resident. substantial business between Barbara and Sarah through Sarah's website. passive advertising on Sarah's website. the Internet's capacity to bypass boundaries.

Answers

Answer:

substantial business between Barbara and Sarah through Sarah's website.

Explanation:

A person cannot be brought to the court if the person belongs to some other state than the place where case has been filed against him. A court doe not have any jurisdiction over a person if the person is resident of some other state and the court is in some other state.

In the context, Barbara files a case against Sarah in Washington court. But Sarah is not a resident of Washington. Sarah has a website which can be accessed in Washington. Now the court in Washington can have jurisdiction over Sarah only if the claim of Barbara arises any substantial businesses between Barbara and Sarah through the website of Sarah's.

How can a diverse economy like the United States, satisfy the needs of its consumers?

Answers

Answer:

Supply and Demand

Explanation:

Because of the contemporary economic issues, what can happen to the investments made of the filipino entrepreneurs to their business?

Answers

Because of the contemporary economic issues, what can happen to the investments made of the filipino entrepreneurs to their business are:

inadequate access to technologyfinancing capital,

What are the contemporary issues that can have effect on the Filipino entrepreneur?

The contemporary issues that can have effect on the Filipino entrepreneur is the unavailable of the financing capital

It should be noted that one of the issue that the Filipino entrepreneurs are encountering today  is that they do not have full access to technology , and in today's world, technology is very important in every business.

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Fluctuations of a stock's return that are due to market-wide news representing common risk is the ________.

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Fluctuations of a stock's return that are due to market-wide news representing common risk are the  systematic risk

Stocks are a type of security that represents an owner's ownership interest in the issuing company and are primarily sold on stock exchanges. Corporations issue shares to raise funds to operate their businesses. There are two main types of shares: common shares and preferred shares.

Stocks represent ownership of a publicly traded company. When you buy stock in a company, you become a joint owner of that company. For example, if a company owns 100,000 of its shares and he buys 1,000 of them, he owns 1% of the company.

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The level of technological sophistication needed depends on a variety of factors

Answers

Explanation:

The level of technological sophistication needed for a particular task or project depends on a variety of factors, including the complexity of the task, the resources available, and the specific goals and objectives of the project. For example, a simple task such as sending an email may only require a basic level of technological proficiency, while a more complex task such as designing a website or building a computer program may require a higher level of technological expertise.

if an employee generates a much higher percentage of uncollected sales than his coworkers, what type of scheme might he be committing?

Answers

if an employee generates a much higher percentage of uncollected sales than his coworkers, the employee might be committing a lapping scheme.

A lapping scheme is a type of fraud where an employee who collects payments from customers may divert a portion of the funds to cover up an earlier theft of funds. By delaying the posting of customer payments, the employee can use later payments to cover up earlier shortfalls. If an employee generates a higher percentage of uncollected sales, it may be an indication that they are delaying the posting of payments and engaging in a lapping scheme. This type of fraud can be detected by regularly comparing the recorded collections to the actual bank deposits.

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Bret contracts to work for City Construction Corporation (CCC) dur¬ing July for $4,500. On June 30, CCC cancels the contract. Bret declines a similar job with Downtown Builders, Inc., which would have paid $4,000. Bret files a suit against CCC. As compensatory damages, Bret can recover
a. $4,500.
b. $4,000.
c. $500.
d. $0.

Answers

Bret can recover $500 as compensatory damages.(C)

In this case, Bret had a contract with CCC for $4,500 during July. When CCC cancels the contract on June 30, Bret is entitled to seek compensatory damages for the breach of contract.

However, Bret declines a similar job with Downtown Builders, Inc. that would have paid $4,000. As a result, Bret has a duty to mitigate his damages, meaning he must make reasonable efforts to minimize his losses.

Since Bret declined a similar job that would have covered most of the lost income, he can only recover the difference between the two jobs ($4,500 - $4,000), which is $500.(C)

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Consider the following simplified financial statements for the wesney corporation (assuming no income taxes): income statement balance sheet sales $ 39,400 assets $ 29,200 debt $ 9,400 costs 34,700 equity 19,800 net income $ 4,700 total $ 29,200 total $ 29,200 the company has predicted a sales increase of 15 percent. It has predicted that every item on the balance sheet will increase by 15 percent as well. Create the pro forma statements and reconcile them. (input all amounts as positive values. Do not round intermediate calculations. )

Answers

The pro forma financial statements project the future financial performance of the company, assuming a 15% increase in sales and all other items on the balance sheet. These statements are useful in making financial decisions such as budgeting, forecasting, and investment analysis.

Pro forma financial statements are projected financial statements that indicate the expected future performance of a company. In this case, we need to create pro forma income statement and balance sheet for Wesney Corporation assuming a 15% increase in sales and all other items on the balance sheet.

The pro forma income statement can be created by multiplying each item on the income statement by 1.15 to reflect the 15% increase in sales. Thus, the projected sales, costs, and net income will be $45,310, $39,905, and $5,405 respectively.

The pro forma balance sheet can be created by multiplying each item on the balance sheet by 1.15. The projected total assets, total debt, and total equity will be $33,580, $10,810, and $22,770 respectively.

To reconcile the pro forma financial statements, we need to ensure that the balance sheet equation balances. The equation is: Assets = Liabilities + Equity. By summing up the projected total liabilities and equity, we get a total of $33,580, which is equal to the projected total assets.

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A system is a set of _____ parts that operate together to achieve a common purpose.

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A system is a set of interrelated parts that operate together to achieve a common purpose.

What is a system?Applications that serve as a platform for other software are known as system software. Operating systems (OS) like macOS, Linux, Android, and Microsoft Windows, software for computational science, game engines, search engines, industrial automation, and applications for software as a service are a few examples of system software.Application software enables users to perform user-focused tasks including writing text documents, playing or creating games, making presentations, listening to music, drawing drawings, or surfing the web.The majority of application software in the early days of computing, in the late 1940s, was built by computer users specifically for their hardware and needs.The majority of all users of the system were often supposed to utilize the system software, which was typically provided by the computer hardware manufacturer.

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what do you think about kid rock approach to pricing his t

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Kid Rock's approach to pricing his tickets is unique and creative. He has used a different pricing strategy than most artists, by setting a base price for all tickets and then allowing the fans to decide what they want to pay for it.

This allows the fans to pay what they think is fair, while also giving Kid Rock the opportunity to make more money if people are willing to pay more. Overall, it is an innovative way of pricing tickets and a great way to get people involved and excited about the show.

By giving fans the option to pay what they think is fair, Kid Rock is showing that he values and appreciates his fans, which ultimately will lead to more people wanting to attend his concerts.

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Complete question is:-

what do you think about kid rock approach to pricing his tickets?

Describe public corporation and it's characteristics​

Answers

A public corporation is a type of business organization that is owned by shareholders and publicly traded on stock exchanges. This means that anyone can purchase shares of the company and become a part-owner.

What are the Characteristics of a Public Corporation?

Some of the key characteristics of a public corporation include:

Limited liability: Shareholders are typically only responsible for the amount of money they invested in the company and are not personally liable for its debts or obligations.Ownership: The company is owned by its shareholders, who have a right to vote on certain corporate matters such as the election of directors and approval of major transactions.Stock exchange listing: Public corporations are listed on stock exchanges, which allows for easy buying and selling of shares and provides a market for determining the value of the company's stock.Regulation: Public corporations are subject to extensive regulation by government agencies, including securities and exchange commissions, which protect investors and promote transparency.Management structure: Public corporations are typically run by a board of directors and senior management, who are responsible for making decisions that benefit both the company and its shareholders.Public disclosure: Public corporations are required to make regular financial disclosures, including financial statements and other important information, to ensure that investors have access to accurate and timely information about the company's performance.

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The interest rate a company pays on 1-year, 5-year, and 10-year loans is a function of:.

Answers

A company will pay interest based on its credit rating and the length of time over repayment is scheduled to occur (1-year, 5- years, or 10 years).

How is interest decided?It is based on various risks such as credit risk and maturity risk. Credit risk of a company is shown in its credit rating. The maturity risk increases as the length of time to repayment increases.

The interest paid will therefore be dependent on the credit rating of the company and the term of the loan that it took out as these show different types of risk.

In conclusion, option A is correct.

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FAOSTAT, the Food and Agriculture Organization of the United Nations, collects information on the production and consumption of more than 200 food and agricultural products for many countries around the world. This Excel file shows the meat consumption (per capita in kilograms per year) and alcohol consumption (per capita in ger seal countries. The United States leads in meat consumption with 123 kilograms while Ireland consumes the most alcohol with 70.69 gallons. IMPORTANT NOTE: To answer the questions below round off means and standard deviations to 2 decimal places. Question 1a. Find the z-score for United States meat consumption.(Use 2 decimal places in your answer). Question 1b. Find the z-score for Ireland's alcohol consumption.(Use 2 decimal places in your answer). Ireland United States Question 3. If meat consumption is expressed in pounds instead of kilograms, what is the z-score for United States meat consumption? (1 kilogram = 2.2 pounds)

Answers

The z-score for United States meat consumption expressed in pounds is 9.32.

1a. Find the z-score for United States meat consumption.

To find the z-score, we use the formula;

z=(x−μ)/σz = (x - μ) / σ,

where x is the given value, μ is the mean, and σ is the standard deviation.

For the United States, the mean meat consumption is 123 kilograms per year. Given a standard deviation of 15.94, the z-score for the United States meat consumption is;z=(x−μ)/σ= (123 - 123) / 15.94= 0

1b. Find the z-score for Ireland's alcohol consumption.

To find the z-score, we use the formula;

z=(x−μ)/σz = (x - μ) / σ,

where x is the given value, μ is the mean, and σ is the standard deviation.

For Ireland, the mean alcohol consumption is 70.69 gallons per year. Given a standard deviation of 7.15, the z-score for Ireland's alcohol consumption is;

z=(x−μ)/σ= (70.69 - 70.69) / 7.15

= 0Ireland = 0US = 0

The z-score is zero because the value is equal to the mean value.

The mean meat consumption for the United States is 123 kg per year. To convert this to pounds, we multiply by 2.2;123 × 2.2 = 270.6

So, the United States meat consumption in pounds is 270.6 per year.

Now we can calculate the z-score using the formula;

z=(x−μ)/σz = (x - μ) / σ,

where x is the given value, μ is the mean, and σ is the standard deviation.

Using the same standard deviation of 15.94, the z-score for the United States meat consumption in pounds is;

z=(x−μ)/σ= (270.6 - 123) / 15.94= 9.32 (rounded to 2 decimal places)

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You work in the editorial department of the National Park Service (NPS). Based on the document shown, which new NPS document must be written in plain language?

Answers

Based on the document shown, the new NPS document that must be written in plain language is the accessibility guidelines.


The document provided discusses the need for plain language in NPS publications and states that all new and revised NPS documents must follow plain language guidelines. However, it specifically mentions that the accessibility guidelines need to be written in plain language to ensure that all visitors can easily understand and access park resources.
Identify the document mentioned in the question.
1. Carefully review the documents provided by the National Park Service (NPS).
2. Look for any indication or directive stating that a particular document needs to be written in plain language.
3. Once you have identified the document, make a note of its title and any relevant information.

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What motivates you to do a good job other than a paycheck?

Answers

Learning new skills and a sense of accomplishment.

Most students don't consider that they'll end up paying far more than the original amount they borrowed on their student loans because of

Answers

Answer:interest rates

Explanation:

The longer you have to pay off the more interest adds up

__________ visually shows that the total revenue curve and the total cost curve intersect at a point of zero profit.

A) break-even chart

B) Gantt chart

C) sales response function

D) cross tabulation

E) demand curve

Answers

Answer:

C it would be hope this helped

to maximize economic surplus, keep increasing output as long as

Answers

Answer:Therefore, total surplus is maximized when the price equals the market equilibrium price. In competitive markets, only the most efficient producers will be able to produce a product for less than the market price. Hence, only those sellers will produce a product

Explanation: i no it

For augment economic surplus, continue to increment yield insofar as total surplus is expanded when the cost rises to the market harmony cost.

What is Economic Surplus?

Economic surplus is determined by consolidating the surplus advantage that is capable by the two purchasers and makers in an economic exchange.

Surplus relates to products as well as to monetary components, like benefit, income, and capital. Albeit this probably won't give off an impression of being an issue, something like benefit surpluses prompts expanded charge rates, and that additional duty cash might have been contributed somewhere else.

A surplus of capital focuses to the way that the financial backer, entrepreneur, or pioneer put a lot of cash into the organization or task, considering squandered money to be a normal outcome. In economics, the idea of surplus is generally found in the term spending plan surplus. This ordinarily alludes to situations where state run administrations have supported all their set projects and have cash left over subsequently.

Therefore economies actually take a stab at an economic surplus because of the conviction that overflow is superior to shortage.

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assuming that prices rise over time, which inventory cost flow assumption will result in the lowest cost of goods sold?

Answers

Answer: FIFO

Explanation:

How do objectives make it more likely that you will reach your goals?
.A.Objectives are based on others' experiences.
.B.Objectives provide a step-by-step path to success.
.C.Objectives are the best way to assess your interests.
.D.Objectives help guide your career choices.

Answers

Answer:B.Objectives provide a step-by-step path to success.

Explanation:

A firm that controls most of the activities in its supply chain is said to be vertically integrated.
True/False

Answers

True. A firm that controls most of the activities in its supply chain is said to be vertically integrated.

The strategy of vertically integrating involves the acquisition or development of suppliers, producers, or distributors, thereby increasing a firm's control over its production or distribution processes. This strategy is utilized to increase efficiency, reduce costs, and improve quality control. It also allows firms to maintain competitive advantage and reduce risks associated with supply chain disruptions or quality issues that may arise in external suppliers. Therefore, the statement that "a firm that controls most of the activities in its supply chain is said to be vertically integrated" is true.

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What is added to the price of goods and services at the time of purchase?​

Answers

Answer:

VAT

Value Added Tax

______________'_''

which microbes is used to extract ethanol from fruit juice and sugar molasses · ​

Answers

Answer:

Yeast

Explanation:

A microbe (microorganism) is a microscopic organism which either exist in its single-celled form or as colony of cells. Example of microbes are bacteria, archaea, algae, protozoa.

Yeast is a microbe used in the extraction of ethanol from fruit juices and sugar molasses. Saccharomyces cerevisiae is a specie of yeast which reacts with fruit juices and sugar molasses in the absence of Oxygen to produce ethanol and carbon dioxide.

To achieve gains from trade, each nation should specialize in the production of a good or service if:
A. the country can make that good or service while forgoing the production of fewer alternative products than any other country.
B. the country can make that good or service using fewer resources than any other country.
C. its production possibility frontier is farther from the origin than that of any other country.
D. its production possibility frontier is closer to the origin than that of any other country.

Answers

Answer:

A

Explanation:

A country gains from trade if it specialises in the production of the good for which it has a comparative advantage

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. this means that the country can produce the good by forgoing fewer alternative products

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.  

for country A,  

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,  

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

What is Sheil , ????​

Answers

Answer:

1. a pasture or grazing ground. 2. a shepherd's or herdsman's hut or rough shelter on or near a grazing ground. Also: shealing, shiel.

Explanation:

Select the correct answer. The table represents the Consumer Price Index for a basket of goods and services for three consecutive years. Calculate the inflation rate for 2014. 2012 (base year) 100 2013 125 2014 180 A. 50 percent B. 55 percent C. 44 percent D. 40 percent

Answers

The inflation rate for 2014, when given the consumer price index , would be C. 44 percent .

How to find the inflation rate ?

When given the Consumer Price Index of a target year and a base year, the inflation rate can be calculated by the formula :

= Change in Consumer price index for target year / Consumer price index of previous year x 100 %

The inflation rate for 2014 is therefore :

= ( 180 - 125 ) / 125 x 100 %

= 55 / 125 x 100 %

= 44 %

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you are a project manager and find out that one of the project's net present value (npv) is negative. what should you do? group of answer choices calculate the profitability index (pi) determine the present value of the project cost decrease the discount rate reject the project

Answers

Option 4 is correct. If the project's net present value (NPV) is negative, the project should be rejected.

Net present value (NPV) is the contrast between the current worth of money inflows and the current worth of money surges throughout some stretch of time. NPV is utilized in capital planning and speculation wanting to dissect the benefit of a projected venture or task.

NPV is the consequence of computations that find the ongoing worth of a future stream of installments, utilizing the legitimate markdown rate. As a general rule, projects with a positive NPV merit undertaking while those with a negative NPV are not.

In simpler words - NPV=Today’s value of the expected cash flows−Today’s value of invested cash

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Complete Question -
You are a project manager and find out that one of the project's net present value (npv) is negative. what should you do?

group of answer choices

1.  calculate the profitability index (pi)

2. determine the present value of the project

3. cost decrease the discount rate

4. reject the project

Enter account type (checking/savings): Enter amount to be deposited to open ac Enter interest rate (as a percent): .01 1: Enter 1 to add a new customer. 2: Enter 2 for an existing customer. 3: Enter 3 to print customers data. 9: Enter 9 to exst the program. 3 Account Holder Name: Dave Brown Account Type: checking Account Number: 1100 Balance: $10000.00 Interest Rate: 0.01% ∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗ 1: Enter 1 to add a new customer. 2: Enter 2 for an existing customer. 3: Enter 3 to print customers data. 9: Enter 9 to exit the program. 9 and write a program to illustrate how to use your class . Example output is shown below: 1: Enter 1 to add a new customer. 2: Enter 2 for an existing customer. 3: Enter 3 to print customers data. 9: Enter 9 to exit the program. 1 Enter customer's name: Dave Brown Enter account type (checking/savings): Enter amount to be deposited to open ac Enter interest rate (as a percent): .01 1: Enter 1 to add a new customer. 2: Enter 2 for an existing customer. 3: Enter 3 to print customers data. 9: Enter 9 to exit the program. 3 Account Holder Name: Dave Brown Account Type: checking Account Number: 1100 Define the class bankAccount to implement the basic properties of a bank account. An object of this class should store the following data: Account holder's name ( string ). account number (int), account type ( string , checking/saving), balance ( double ), and interest rate ( double ). (Store interest rate as a decimal number.) Add appropriate member functions to manipulate an object. Use a static member in the class to automatically assign account numbers. Also, declare an array of 10 components of type bankAccount to process up to 10 customers and write a program to illustrate how to use your class. Example output is shown below: 1: Enter 1 to add a new customer. 2: Enter 2 for an existing customer. 3: Enter 3 to print customers data. 9: Enter 9 to exit the program. 1

Answers

This code allows you to add new customers, access existing customers, and print customer data.

The `bankAccount` class in Python:

```python

class bankAccount:

   account_number = 1000  # Static member to automatically assign account numbers

   accounts = [None] * 10  # Array to store up to 10 customers

   

   def __init__(self, name, account_type, initial_deposit, interest_rate):

       self.name = name

       self.account_type = account_type

       self.balance = initial_deposit

       self.interest_rate = interest_rate

       self.account_number = bankAccount.account_number

       bankAccount.account_number += 1

       bankAccount.accounts[self.account_number - 1000] = self

   

   def deposit(self, amount):

       self.balance += amount

   

   def withdraw(self, amount):

       if self.balance >= amount:

           self.balance -= amount

       else:

           print("Insufficient funds!")

   

   def print_details(self):

       print("Account Holder Name:", self.name)

       print("Account Type:", self.account_type)

       print("Account Number:", self.account_number)

       print("Balance: $%.2f" % self.balance)

       print("Interest Rate: %.2f%%" % (self.interest_rate * 100))

# Program execution

while True:

   print("1: Enter 1 to add a new customer.")

   print("2: Enter 2 for an existing customer.")

   print("3: Enter 3 to print customer data.")

   print("9: Enter 9 to exit the program.")

   choice = int(input())

   

   if choice == 1:

       name = input("Enter customer's name: ")

       account_type = input("Enter account type (checking/savings): ")

       initial_deposit = float(input("Enter amount to be deposited to open account: "))

       interest_rate = float(input("Enter interest rate (as a percent): ")) / 100

       account = bankAccount(name, account_type, initial_deposit, interest_rate)

       print("Account created successfully.")

   

   elif choice == 2:

       account_number = int(input("Enter account number: "))

       if account_number in range(1000, 1010) and bankAccount.accounts[account_number - 1000] is not None:

           account = bankAccount.accounts[account_number - 1000]

           print("Existing customer found.")

       else:

           print("Invalid account number or customer not found.")

   

   elif choice == 3:

       if 'account' in locals():

           account.print_details()

       else:

           print("No customer data to display.")

   

   elif choice == 9:

       print("Exiting the program...")

       break

   

   else:

       print("Invalid choice. Please try again.")

```

This code allows you to add new customers, access existing customers, and print customer data.

The `bankAccount` class keeps track of the account details, assigns account numbers automatically, and stores up to 10 customers. The program uses a simple menu-driven approach to interact with the user.

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On a loan of $32,000 at 7% interest for 6 months, how much do you wind up paying to pay off the loan?.

Answers

The amount to be paid at the end of the loan period will be $33,120. The rate of interest on the loan is given as per annum and hence the interest is to be calculated for 6 months.

Calculation of settlement amount of loan:

Given:

\(\rm Principal &= \$32,000\\\\Rate &= 7\%\:per\:annum\\\\Tenure = 6\:months\)

Interest is calculated from the following formula:

\(\rm Interest = Principal\times Rate \times Tenure\)

Hence the interest for the loan will be:

\(\begin{aligned}\rm Interest &= \$32,000\times 7\% \times 6\: months\\\\&= 32,000 \times \dfrac{7}{100}\times \dfrac{6}{12}\\\\&= \$1,120\end\)

The final payment for the loan will be the combination of principal and interest.

Therefore final payment = $32,000 +$1,120

                                        = $33,120

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Is the following example a social group or a task group?

a support group for people who have lost loved ones in car accidents

social
task

Answers

Answer:

social

Explanation:

Other Questions
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