consider this case: niagular corp. needs to take out a one-year bank loan of $550,000 and has been offered loan terms by two different banks. one bank has offered a simple interest loan of 9% that requires monthly payments. the loan principal will be paid back at the end of the year. another bank has offered 6% add-on interest to be repaid in 12 equal monthly installments. based on a 360-day year, what will be the monthly payment for each loan for november? (hint: remember that november has 30 days.) value simple interest monthly payment add-on interest monthly payment
Answers
The monthly payment for each loan for November, based on the loan amount and the interest rates, is:
Simple interest loan - $4, 125Add - on interest loan - $48, 583. 33How to find the monthly payment?The monthly payment for the simple interest loan can be found by the formula:
= Loan amount x Simple interest loan percentage x 1 / 12 months in a year
Loan amount = $ 550, 000
Simple interest loan percentage = 9 %
The loan payment on the simple interest loan in November is therefore:
= 550, 000 x 9 % x 1 / 12
= 550, 000 x 9 / 12 %
= $4, 125
The payment in November for the add - on loan needs you to find the add - on amount in November :
= Loan amount x ( 1 + add on percentage)
= 550, 000 x ( 1 + 6%)
= $ 583, 000
Then find the monthly payment to be:
= 583, 000 / 12 months in a year
= $48, 583. 33
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Related Questions
3. Of the following provisions that might be found in a bond indenture, which would tend to reduce the coupon interest rate on the bond in question?
a
A subordination clause in a debenture.
b
A call provision.
c
A convertible feature.
d
Having relatively few restrictive covenants.
e.
All of the above.
Answers
The bond in question's coupon interest rate would typically be reduced by a convertible feature.
Define the term "convertible feature"?An asset that can be changed by the shareholder into common stock is known as a convertible, which can be a bond, preference share, or other type of financial instrument. Convertible securities aren't considered to be either debt or equity; rather, they're viewed as a cross between the two groups because they have the cash flow characteristics of both bonds and stocks.
What distinguishes a convertible bond from other bonds?An investment that may be converted into a predetermined number of shares of common stock is known as a convertible bond. It pays fixed-income interest payments. During the bond's term, the bond can be converted into stock at precise points at the bondholder's option.
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when a seller puts an item up for sale and would-be buyers are invited to bid in competition with one another, it is referred to as a(n) multiple choice reverse auction. e-auction. traditional auction. bidder's war. webfront auction.
Answers
When a seller puts an item up for sale and invites buyers to bid in competition, it is a traditional auction. Option C.
When a seller puts an item up for sale and would-be buyers are invited to bid in competition with one another, it is referred to as a traditional auction. In a traditional auction, the seller establishes a starting price and potential buyers place increasing bids until the highest bid is reached and the item is sold to the highest bidder.
During a traditional auction, buyers have the opportunity to assess the value of the item and decide how much they are willing to bid. As the bidding progresses, buyers compete with each other by placing higher bids to secure the item for themselves.
The competitive nature of traditional auctions can create excitement and a sense of urgency among bidders, leading to higher prices.
Traditional auctions have been conducted for centuries and have been widely used for various types of goods and services, ranging from antiques and artwork to real estate and livestock. They can take place in physical auction houses or through online platforms, allowing a larger audience to participate.
On the other hand, a reverse auction is a type of auction where sellers compete to win a buyer's business by offering the lowest price. In a reverse auction, the roles are reversed, and the buyer initiates the process by stating their requirements, and sellers submit increasingly competitive bids to win the buyer's contract.
In summary, when a seller puts an item up for sale and invites buyers to bid in competition with one another, it is referred to as a traditional auction. So Option C is correct.
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On September 1, 2021, Crane Corporation issued $595,000 of 10-year, 3% bonds at 95. Interest is payable semi-annually on September 1 and March 1. Crane's fiscal year end is February 28. Is the market rate of interest higher or lower than 3%? Market interest rate is ___ than 3% Record the issue of the bonds on September 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select 'No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Sept. 1 ____________________________ _____ ____
(To record issuance of bonds) Record the accrual of interest on February 28, 2022, assuming the semi-annual amortization amount for this interest period is $1.004. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Feb. 28 ____________________________ _____ ____
(To record issuance of bonds) Record the payment of interest on March 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1 ____________________________ _____ ____
(To record issuance of bonds)
Answers
The market rate of interest is higher than 3%.
When bonds are issued, their interest rates are determined based on the prevailing market conditions. In this case, Crane Corporation issued $595,000 of 10-year, 3% bonds at 95, indicating that the bonds were sold at a discount.
When bonds are sold at a discount, it means that the effective interest rate is higher than the stated rate. In other words, investors are willing to purchase the bonds at a lower price because the market interest rate is higher than the coupon rate of 3%. By issuing the bonds at a price lower than their face value, Crane Corporation is effectively paying a higher interest rate to bondholders.
This discount helps compensate investors for the lower interest income they will receive compared to the prevailing market rate. Therefore, it can be concluded that the market rate of interest is higher than 3% in this case.
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Business 2: After apprenticing for another candy maker, I started my first candy business at age 18.
Unfortunately, my first attempt at starting a business (as well as my second) was a failure. After a rocky start,
my third try was more successful - I have just received a fortune from the sale of my caramel business. During
my world travels, I discovered new equipment that makes chocolate and decided to buy it. Today, only the
wealthy can afford chocolate. With this new technology, I think I can make a chocolate that everyone can
afford. In my mid-thirties, I know very little about making chocolate but I am willing to take the time to learn. I
want my life to center on inventing new candies, building this new business, and laying out a new community
that will be a wonderful place for the people I hire to live. I prefer to leave day-to-day operations of the
company–handling production, sales, marketing and distribution—to someone else
Answers
Answer:
The question is incomplete since the requirements are missing, so I looked for similar questions and found that you should advice this client either to form a sole proprietorship, partnership or corporation.
Since this client wants to focus solely on inventing new candies, he would be better off by forming a corporation. That way, he and other stockholders can elect a board of directors which will appoint an appropriate upper management team to run the business.
The other two types of businesses, sole proprietorships and partnerships require that the owners actively participate in managing the business, and that is something that the client wants to avoid. This happens because sole proprietors and partners are personally liable for all the business obligations. On the other hand, corporations are managed by a professional team.
what is the practice of one firm, operating in a noncollusive oligopoly, signaling their pricing behavior in advance?
Answers
Pricing leadership is a type of market structure in which one company establishes the standard pricing for the sector and other smaller businesses must follow suit. Usually, the company with the lowest production costs sets the market's prices.
The non-collusive oligopoly model: What is it?The prior section's non-collusive oligopoly model (Sweezy's model) is predicated on the idea that oligopoly enterprises act independently even if they are dependent on one another in the market. There could be uncertainty as a result of intense pricing rivalry.
What distinguishes collusive oligopolies from non-collusive oligopolies?In a collusive oligopoly, a few businesses formally collaborate to eliminate the competition. Contrarily, under a non-collusive oligopoly, enterprises compete on the basis of their own prices.
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Find the system reliability from the figure below.
R₁ = 0.9
R3 = 0.8
R₂ = 0.9
R₂ = 0.8
R4 = 0.8
Rs = 0.9
R6 = 0.9
Answers
The biological process by which filamentous fungi reproduce asexually from spores is called conidiation. The most obvious result of fungal circadian rhythms is rhythmic conidiation.
The majority of the time, this rhythmic conidiation is studied using species of neurospora.
R₁ =0.9, R2=0.8
R3=0.95. R4 = 0.75;
R5 = 0.85; R6 = 0.99;
R7 = 6.97; and R8 = 089.
The system configuration is as follows:
R = 1- R, R3 = (0.9) (0.95) = 0.855 1-R, R2 (1-0855) =0445 1-R5 R = 1-(0.85) (0.97) =1-0.8245 -0.1755 The conidiation's system reliability is 1- [(1-R,R3) (1-RgR+) (1-R, R6 R8 R3) (1-R, R+)]
1-R2P4 |--(0.8) (0.75) = 1-0.6 from the equation. 1-R2 Rs R$ R3 -> 1- (0.8) (0.99) (0.89) (0.95) = 1-0.669636 = 0.330364 O yields = 0.4 -[(1-RIR3) (1-R2R7) (1-R2H8R&Rg) (1-R2R4)] R=1- = 1-[6.145 (0.1755) (0-23036-40) (0-4)] 10.303362752 = 0.996637248, indicating that the system's meliability is zero.
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technological advance that allowed hideyoshi and other shoguns to enforce edicts over farmers
Answers
The technological advance that allowed Hideyoshi and other shoguns to enforce edicts over farmers was the development of a sophisticated communication network, primarily through the establishment of a reliable road system and the use of messengers.
During the period of Hideyoshi and other shoguns in feudal Japan, effective communication was crucial for the enforcement of edicts and maintaining control over the population, including the farmers. To achieve this, a technologically advanced communication network was established. One key component of this network was the development of a reliable road system. The construction of well-maintained roads allowed for efficient transportation and travel throughout the territories. This enabled messengers to quickly reach different regions to deliver and enforce the shogunate's edicts.
Additionally, messengers played a vital role in the communication network. They were responsible for relaying information, edicts, and commands from the shogun to the farmers and vice versa. Messengers were often well-trained and traveled on horseback, enabling them to cover long distances relatively quickly. Overall, the establishment of a sophisticated communication network through road infrastructure and the use of messengers allowed Hideyoshi and other shoguns to effectively enforce their edicts and maintain control over the farmers by ensuring timely and widespread dissemination of information.
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Your job is to constantly improve, aggressively removing one constraint and then moving on to the next. This describes which of the five focusing steps of Theory of Constraints? Repeat Elevate Identify Subordinate Exploit 8 The theory of constraints argues that all processes possess constraints that limit their capacity. True False
Answers
True, the correct step in this case is: "Elevate." These five steps include: 1. Identify the constraint, 2. Exploit the constraint, 3. Subordinate other processes to the constraint, 4. Elevate the constraint and 5. Repeat the process The Theory of Constraints
The answer is "Subordinate." The statement "Your job is to constantly improve, aggressively removing one constraint and then moving on to the next" refers to the step of subordinating non-constraints to the constraint in order to improve overall system performance in the Theory of Constraints. The second statement is True. The Theory of Constraints argues that all processes have at least one constraint that limits their capacity and performance. Identifying and managing constraints is a key component of the theory. The scenario you've described refers to the five focusing steps of the Theory of Constraints (TOC). The correct step in this case is: "Elevate." These five steps include: Identify the constraint, Exploit the constraint, Subordinate other processes to the constraint, Elevate the constraint and Repeat the process The Theory of Constraints argues that all processes possess constraints that limit their capacity. Therefore, the statement is True.
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Which expectation of an employer involves seeing employees dress appropriately and arrive at work on time?
Employees are expected to be punctual and dress appropriately, thus maintaining_____.
Answers
Answer:
office decorum
Explanation:
The term workplace decorum, in plain terms, refers to the basic collection of such rules that aim to make the workplace atmosphere a nicer environment to settle in. The term "office decorum" may make it look dense as well as packed with several implications, but in actuality it is a collection of basic instructions that you'll have to examine in an organization to work around each other.
Answer:
Professional Decorum
Explanation:
edmentum
noha, a manager in an advertising firm, was assigned a team and asked to come up with ideas for an advertising campaign. noha briefed the team, outlined the purpose of the meeting clearly, and asked the members to individually generate ideas and bring their lists to the next meeting. in the second meeting, the ideas were compiled, doubts clarified, and ideas built-on, after which the members were asked to individually rank the ideas and submit the list to noha, who tabulated the scores and created a list of the five highest-rated ideas. noha used _____ to generate the ideas.
Answers
In the given scenario, noha, a manager in an advertising firm, was assigned a team and asked to come up with ideas for an advertising campaign.
noha used brainstorming to generate the ideas.In the first meeting, noha briefed the team, outlined the purpose of the meeting clearly, and asked the members to individually generate ideas and bring their lists to the next meeting. In the second meeting, the ideas were compiled, doubts clarified, and ideas built-on, after which the members were asked to individually rank the ideas and submit the list to noha, who tabulated the scores and created a list of the five highest-rated ideas.Brainstorming is a creative problem-solving technique in which people generate a large number of ideas to solve a particular problem. Noha used this technique in order to generate as many ideas as possible. In this process, noha asked every member of the team to come up with their own list of ideas which helped to collect a wide range of creative thoughts. Brainstorming is a technique that allows people to get out of their comfort zone, to think freely and outside the box which results in innovative ideas.
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Get Down, Make Love Get Down, Make Love Get Down, Make Love Get Down, Make Love
Answers
a global food products company makes soups that are specifically tailored to the tastes of consumers in individual countries. what sourcing strategy is the company likely to use for its fresh ingredients such as vegetables? multiple choice local, close to its production plant when possible. national, using suppliers within each country. global, using the same suppliers across the world. low-cost country sourcing.
Answers
The sourcing strategy that the company will likely to use for its fresh ingredients such as vegetables would be Local, close to its production plant when possible.
Sourcing strategy or strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price.
Why is it important?
Because supply is crucial especially the quality and the freshness since we are talking in food industry. That's why, this global food product company makes soups that are specifically tailored to the tastes of consumers in individual countries. The main reason they are doing that, to minimize food waste if they have to import special ingredients from overseas.
Why global food products company will likely to choose local, close to its production plant when possibe as their sourcing strategy?
Because they want to get the fresh ingredients as close to their branch, also it is easy for them to find sources of their food since every soup is tailored to the taste of consumers in individual countries. Lastly, the cost to produce the soup will be lower than if they have to import ingredients from overseas.
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All of the following are true of an organization with a Loyal Soldier HR strategy except: the organization most likely employs an internal HR strategy. will focus on developing skills needed for high level service and innovation. will focus on low cost development options. the organization most likely employs a cost strategy.
Answers
The answer is "the organization most likely employs a cost strategy." All of the other options listed are true of an organization with a Loyal Soldier HR strategy. To give you a long answer, let me explain what a Loyal Soldier HR strategy is and how it affects an organization.
A Loyal Soldier HR strategy is one in which an organization focuses on developing and retaining employees who are loyal and committed to the organization's goals and values. This type of strategy is common in organizations that place a high value on stability, predictability, and conformity. The key features of a Loyal Soldier HR strategy include a focus on internal development, a high level of job security, and a low emphasis on external hiring.
In summary, an organization with a Loyal Soldier HR strategy will focus on developing skills needed for high level service and innovation, offer low cost development options, and employ an internal HR strategy. It is unlikely to employ a cost strategy, as this would conflict with the organization's focus on stability and employee loyalty.
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Your client, Judy, with a credit score of 620, has been approved for an FHA loan for a home with a sales price of $200,000. What is the minimum down payment that will apply
Answers
Answer:
0
Explanation:
The accounting equation can be stated as
A. Expenses = Liabilities - Owner's Equity
B. Assets - Liabilities = Owner's Equity
C. Liabilities = Revenue + Owner's Equity
D. Owner's Equity = Assets + Liabilities.
Answers
Answer:
a
Explanation:
a
A ______ describes the rationale of how a new venture creates, delivers, and captures value. a. business model. b. business plan. c. mission. d. vision
Answers
A business model describes the rationale of how a new venture creates, delivers, and captures value. The correct option is a.
What are the elements of the business model?Typically, business models are based on factors such as the products or services sold by the company, anticipated expenses, and target customers. If an unexpected event, such as a new law or a change in management, occurs, an organization may decide to change its business model.
A business model explains an organization's target market, the needs of that market, and the role that the company's products or services will play in fulfilling those requirements. The process by which an organization adjusts its business model is referred to as business model innovation.
Thus, the ideal selection is option a.
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Which of the following statements is true?
A. There is no single, global legal system in the world today.
B. Common law always includes codified and statutory laws.
C. Labor unions are illegal in throughout Brazil and the U.S.
D. Chinese courts are independent of government.
SUBMIT
Answers
A. There is no single, global legal system in the world today.
Correct option should be A, however there is a slight chance B is correct But I am 90% sure it is A
There are generally regarded to be 5 legal systems in the world today: civil law, common law, customary law, religious law, and mixed legal systems.
Question 3
How do banks make money?
A. Interest Loans
B. Both service fees and interest loans
C. Service Fees
D. Embezzlement
Answers
Answer:Its B
Explanation:Banks also earn money from interest they earn by lending out money to other clients.Banks make money from service charges and fees
What step of the bulletproof problem-solving process helps avoid making common decision-making biases such as confirmation bias?
Answers
Create a schedule and work plan in step four. This stage forces the issue solver to create a strategy that considers a variety of viewpoints and answers, which helps to avoid common decision-making biases like confirmation bias.
What are biases in decision-making?Cognitive mistakes known as decision-making biases produce irrational decisions. These biases can be brought on by a number of things, including the availability heuristic, which occurs when people base their decisions on the information that is most easily accessible, confirmation bias, which occurs when people only take into account evidence that confirms their beliefs, and anchoring bias, which occurs when people rely excessively on initial information.
This makes it more likely that the person solving the problem will take other viewpoints and potential solutions into account in addition to their own biases.
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u.s. gaap requires enterprise-wide disclosures related to industry and geographic locations to enhance:
Answers
U.S. Generally Accepted Accounting Principles (GAAP) requires enterprise-wide disclosures related to industry and geographic locations to enhance transparency and provide relevant information to users of financial statements. These disclosures aim to:
Improve comparability: By disclosing industry-specific information, users of financial statements can better compare the financial performance and position of companies within the same industry. It allows for benchmarking and evaluating a company's performance relative to its peers.
Facilitate risk assessment: Industry-specific disclosures provide insights into the unique risks and challenges faced by companies operating in a particular industry. It helps users assess the potential impact of industry-specific risks on the financial health and future prospects of the entity.
Support decision-making: Investors, creditors, and other stakeholders need industry-specific information to make informed decisions. Disclosures related to industry and geographic locations provide additional context and understanding of the factors influencing a company's financial performance and position.
Enhance transparency: The disclosure requirements promote transparency by providing detailed information about a company's operations in specific industries and geographic regions. It allows users to gain a comprehensive understanding of the company's revenue sources, customer base, and exposure to different markets.
Comply with regulatory requirements: U.S. GAAP mandates the disclosure of industry and geographic information to ensure compliance with accounting standards and regulatory guidelines. These requirements help maintain consistency and standardization in financial reporting practices.
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Assume you are planning to invest $6,930 each year for six years and will earn 10 percent per year. Determine the future value of this annuity due problem if your first $6,930 is invested now.
Future value=
Answers
Future value = $52,854.14 . To calculate the future value of the annuity due problem, we can use the formula for the future value of an ordinary annuity and then multiply it by (1 + interest rate) to account for the annuity due.
Using the formula for the future value of an ordinary annuity:
FV = P * [(1 + r)^n - 1] / r
where P = annual payment, r = interest rate, n = number of years.
In this case, P = $6,930, r = 10% (0.10), and n = 6.
FV = $6,930 * [(1 + 0.10)^6 - 1] / 0.10
= $6,930 * [1.10^6 - 1] / 0.10
= $6,930 * [1.771561 - 1] / 0.10
= $6,930 * 0.771561 / 0.10
= $5,351.66
To account for the annuity due, we multiply the calculated future value by (1 + interest rate):
Future value = $5,351.66 * (1 + 0.10)
= $5,351.66 * 1.10
= $5,886.82
However, since this is an annuity due, we need to account for the fact that the first payment is made immediately. So, the future value would be slightly lower.
The future value of this annuity due problem, when the first $6,930 is invested now and earns 10 percent per year, is approximately $5,886.82.
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what type of government action is part of fical policy
Answers
Who developed the Conceptual Framework of Accounting? And what does this framework include?
Answers
Answer:
The Accounting Conceptual Framework is a set of accounting objectives and fundamentals, developed by the International Accounting Standards Board to ensure uniformity in interpretation across various accounting methodologies.
The amount businesses have left after paying their rent, interest on debt, and employee costs is called profits.
True
False
Answers
Answer:
Answer above mine is incorrect, real answer is TRUE
Explanation:
Which economic system allows for private ownership of property and resources?
Answers
The "Capitalism" is that economic system allows for private ownership of property and resources.
The economic system is the system in which the production, resource, and the distribution of the products or services. The economic system has three types which are command, market and the mixed economic system.
The capitalism is the often the economic system in which for private ownership of property and resources according to their interests, demand and supply freely set the prices in the market or best interest of society.
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How much would a 60 pound block of gold be worth in dollars? $_________________________
Answers
According to the market price, 60-pound block of gold would be worth approximately $1,728,000.
The value of a 60-pound block of gold in dollars depends on the current market price of gold. The price of gold varies depending on various factors such as the supply and demand, economic conditions, geopolitical events, and more.
The market price of gold was around $1,800 per ounce. Since there are 16 ounces in a pound, this means that one pound of gold is worth approximately $28,800. Therefore, a 60-pound block of gold would be worth:
60 pounds * $28,800 per pound = $1,728,000
So, a 60-pound block of gold would be worth approximately $1,728,000 at the market price of gold.
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in the base year, what can we say about real gdp and nominal gdp?
Answers
In the base year, we can say that nominal GDP and real GDP are equal, but in subsequent years, real GDP provides a better measure of economic performance by adjusting for inflation.
In the base year, the inflation rate is zero, which means that the nominal GDP and real GDP are equal. This is because the prices of goods and services in the base year are used to calculate both nominal and real GDP. Therefore, in the base year, we can say that nominal GDP and real GDP are equal.
However, in subsequent years, as prices change, there will be a difference between nominal GDP and real GDP. This difference is due to inflation, which causes the prices of goods and services to increase over time.
As a result, nominal GDP will tend to overstate economic growth, while real GDP will provide a more accurate measure of economic performance by adjusting for inflation.
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In your own words, how do you apply for scholarships
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You are an oat farmer who decides to sell a
call with a strike price of $4.90 for a premium of
$0.25.
If the futures price ends up at $4.85 (and your cash price is
$4.50), find your net price.
Answers
To calculate the net price as an oat farmer who sold a call option, we need to consider the premium received and the difference between the strike price and the futures price.
In this scenario, the strike price of the call option is $4.90, and the premium received is $0.25. The futures price ended up at $4.85, which is lower than the strike price. However, the cash price at $4.50 is even lower than the futures price.Since the futures price is below the strike price, the call option is out of the money and will not be exercised by the buyer. Therefore, as the seller, you get to keep the premium received.The net price, in this case, would be the cash price ($4.50) plus the premium received ($0.25):Therefore, the net price as an oat farmer in this situation would be $4.75.
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an increase in a company's receivables turnover ratio typically means the company is:
Answers
An increase in a company's receivables turnover ratio typically means the company is collecting its accounts receivable more efficiently. This ratio measures how quickly a company is able to collect payment from its customers and is calculated by dividing net credit sales by the average accounts receivable balance.
A higher receivables turnover ratio indicates that the company is collecting payment from its customers more quickly and efficiently. An increase in a company's receivables turnover ratio typically means the company is collecting its accounts receivable more efficiently.
The receivables turnover ratio is a financial metric that measures how quickly a company collects its accounts receivable during a specific period. It is calculated by dividing net credit sales by the average accounts receivable.
When the receivables turnover ratio increases, it indicates that the company is collecting its receivables more rapidly. This can be seen as a positive sign because it suggests that customers are paying their outstanding invoices more promptly, resulting in improved cash flow for the company.
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