HG Livery Supply had a beginning accounts payable balance of $57,300 and an ending accounts payable balance of $55,100. Sales for the period were $610,000 and costs of goods sold were $458,000. What is the payables turnover rate?
A) 8.15 times
B) 10.85 times
C) 9.02 times
D) 9.86 times
E) 8.39 times
Answers
The payables turnover rate for HG Livery Supply is approximately 8.15 times (Option A) .
The payables turnover rate measures how quickly a company pays its suppliers. It is calculated by dividing the total purchases (cost of goods sold) by the average accounts payable balance. Here's how to calculate it:
Payables Turnover Rate = Cost of Goods Sold / Average Accounts Payable
First, we need to calculate the average accounts payable balance:
Average Accounts Payable = (Beginning Accounts Payable + Ending Accounts Payable) / 2
Average Accounts Payable = ($57,300 + $55,100) / 2
Average Accounts Payable = $56,200
Next, we can calculate the payables turnover rate:
Payables Turnover Rate = Cost of Goods Sold / Average Accounts Payable
Payables Turnover Rate = $458,000 / $56,200
Payables Turnover Rate ≈ 8.15 times
Based on the given information, the payables turnover rate for HG Livery Supply is approximately 8.15 times. None of the provided answer options match this calculation, so none of the options A, B, C, D, or E are correct.
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Related Questions
What does the degree of operating leverage represent.
Answers
It shows how much a company's operating income changes in response to a change in sales.
Hope this helps!
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a major difference between an open-end management investment company and a closed-end company is that the open-end investment company a) has a fixed number of shares outstanding. b) offers shares that are not redeemable by the issuer. c) sells shares through a continuous primary offering. d) has a share price determined by supply and demand.
Answers
A major difference between an open-end management investment company and a closed-end company is that the open-end investment company has a fixed number of shares outstanding. This means that the number of shares available for purchase or redemption is not limited, and the company can create new shares to meet investor demand. In contrast, a closed-end company has a fixed number of shares issued through an initial public offering (IPO), and these shares are then traded on an exchange like stocks.
The number of shares remains constant, and investors buy and sell shares in the open market.
Another difference is that open-end investment companies offer shares that are redeemable by the issuer. This means that investors can sell their shares back to the company at any time, usually at the net asset value (NAV) per share. In contrast, closed-end companies do not offer this redemption feature, and investors can only sell their shares to other investors on the exchange.
Open-end investment companies also sell shares through a continuous primary offering. This means that new shares can be purchased directly from the company at the current NAV per share. The company creates new shares to meet investor demand. In contrast, closed-end companies have an initial public offering where a fixed number of shares are sold to investors, and after that, shares are traded among investors on the exchange.
Lastly, the share price of an open-end investment company is determined by supply and demand in the market. If more people want to buy shares, the price may increase. If more people want to sell shares, the price may decrease. In contrast, the share price of a closed-end company is determined by supply and demand on the exchange, and it may trade at a premium or discount to its net asset value.
In summary, the major differences between an open-end management investment company and a closed-end company are:
1. Open-end companies have a fixed number of shares outstanding, while closed-end companies have a fixed number of shares issued through an IPO.
2. Open-end companies offer shares that are redeemable by the issuer, while closed-end companies do not.
3. Open-end companies sell shares through a continuous primary offering, while closed-end companies have an IPO and then shares are traded on an exchange.
4. The share price of an open-end company is determined by supply and demand, while the share price of a closed-end company is determined by supply and demand on the exchange.
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Suppose the current equilibrium price of a gadget is $5
and the equilibrium quantity is 100. Then the government
imposes an excise tax of $2 per unit on the production of gadgets.
After the tax and the resulting supply shift,
the equilibrium quantity falls to 80. The elasticity of demand
coefficient associated with the movement between the two
equilibrium points is equal to .8.
25. The post- tax price is equal to _______ dollars.
26. The Incidence Ratio is equal to______.
27.Who bears the greater economic burden of the tax? _______
Please provide a brief explanation.
Answers
25. The cost after taxes comes to $6.80. The incidence ratio is 0.4 as of number 26. The higher economic cost of the tax is borne by the customer. Reason: To arrive at the post-tax price, we multiply the initial equilibrium price ($5) by the excise tax ($2), yielding a post-tax price ($7).
By dividing the percentage change in price by the percentage change in quantity, the incidence ratio is determined. In this instance, the percentage change in quantity is (80 - 100) / 100, which is -0.2, while the percentage change in price is (7 - 5) / 5 which is 0.4. Therefore, 0.4 / -0.2 = -2 is the incidence ratio. Demand is inelastic because the elasticity of demand coefficient is 0.8, which is less than 1. In the event that Due to inelastic demand, the tax burden is felt more by consumers than by producers. The fact that the incidence ratio is negative (-2) shows that consumers are financially more burdened than producers.
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4. How do dependent tasks differ from primary tasks?
Answers
Answer:
The answer is below
Explanation:
Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.
On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.
Why is the hospitality industry considered diverse and complex?
Answers
Answer:
Because the clients and the employees are diverse and because there are major groups of hotels chains that dominate the industry.
Explanation:
To begin with, the hospitality industry is considered to be so diverse because of the wide range of clients that is it has, representing people from all over the world, the consumers of the hospitality industry tend to have very different cultures, languages, ethics and more and that is becuase the whole world is to be considered a client when it comes to this industry. Moreover, the workers of the industry tend to be from different places as well because that gives a plus to the company who receives people from everywhere.
Secondly, this industry it is considered to be complex due to the fact that most of the hotels chains are the ones that dominate the industry and therefore that one group of hotels is the one that receives the most of the clients and so on.
A Mercedes-Benz priced the same as a Ford Focus might not sell as well because of:
a. history of performance of similar Mercedes products
b. overall company reputation
c. psychological factors
Answers
Worth 30 Brainly points
Which of the following reflects the application and scope of the Uniform
Guidelines on Employee Selection Procedures?
A. Provide standards for proper testing and other selection
procedures to help organizations comply with federal prohibitions
against discrimination.
B. Apply only to selection procedures used for making employment
decisions, not to recruitment procedures.
C. Apply only to those identified in Title VII. They do not apply to the
restrictions against age discrimination or discrimination based on
disability
D. Apply specifically to employment decisions such as hiring,
promotion, demotion, membership, licensing and certification.
Answers
Answer:
A
Explanation:
1. Consider the production function Q = (0.5K1/3 + 0.5L1/3)3 . Suppose the firms want to minimize the cost of producing 8 units of output. It pays a wage rate W of $40 and capital cost R of $10. How many units of labor and capital should the firm use?
Answers
Answer:
The answer is "k= 16 units and L=0 units"
Explanation:
Given:
\(Q = (0.5K^{\frac{1}{3}} + 0.5L^{\frac{1}{3}})^3\)
Since K and L are ideal replacements, their company should select its cheapest of two for production. Its business chooses only money.
\(\to Q(K,L)=(0.5 K^{\frac{1}{3}})^3 \\\\\to 8= 0.5K^{(\frac{1}{3})}^3\\\\\to 2= 0.125 \ K \\\\\to K=16\)
\(K=16 \ units \\\\ L=0 \ units\)
PLEASE SEND HELP ASAP
Planning for regional natural disasters at work is _______.
a.
good practice
b.
unnecessary
c.
too cautious
d.
unsafe
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
A. good practice
Explanation:
planning for these disasters can help reduce damage,injuries,even death.
Answer:
A
Explanation:
Just in case something were to happen it would be good to know where to go and what to do. It can prevent deaths and injuries if the real thing were to happen.
Your company sells consulting services in legal forecasting to multinationals studying foreign market entries. In some countries, by studying the target market's laws, you may predict judges' decisions quite accurately. In others, forecasts are much fuzzier, as it will depend on individual judges' interpretations. Chances are that when your company is forecasting legal decisions in _______, predictions will be MUCH MORE accurate than when forecasting legal decisions in _______:
Answers
Chances are that when your company, which sells consulting services to multinationals, is forecasting legal decisions in domestic markets, the predictions will be MUCH MORE accurate than when forecasting legal decisions in foreign markets.
What is the difference between domestic and foreign markets?The difference between domestic and foreign markets is that a company offering forecasting legal decisions will be very more familiar with the domestic market than the decisions that can be taken in foreign markets.
Chances are that when your company, which sells consulting services to multinationals, is forecasting legal decisions in domestic markets, the predictions will be MUCH MORE accurate than when forecasting legal decisions in foreign markets.
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Jose only car not payment of $436 and a credit card payment of $50 every month. What is the minimum amount of money he must take home every month to avoid being in danger of credit overload
Answers
The minimum amount of money he must take home every month to avoid being in danger of credit overload is $2430. This is further explained below.
What is the minimum amount of money he must take home every month to avoid being in danger of credit overload?Generally, The information provided in the question indicates that Jose's monthly expenditures total at least $486 ($436 for the payment on the auto loan and $50 for the monthly payment on the credit card). It is important to include certain additional costs relating to the residence, such as food, which when added together result in $2430; hence, it is the response that is right.
In conclusion, The bare minimum amount of cash that he needs to bring home each month in order to minimize the risk of having an excessive amount of debt is $2,430.
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Following is an extract of account balances of Aztec Moving Services as of December 31, after the first year of operation.
Accounts Receivable $6,000
Accounts Payable 4,000
Salaries Expense 5,000
Repairs Expense 500
Truck 11,000
Equipment 11,000
Notes Payable 8,500
Cash 7,300
Supplies Expense 1,500
Service Revenue 29,000
Gasoline Expense 2,900
Salaries Payable 200
What is the amount of total assets at the end of the year?
a. $17,000
b. $35,300
c. $22,000
d. $29,300
Answers
The amount of total assets at the end of the year is $35,300. The correct option is b. $35,300.
To calculate the amount of total assets at the end of the year, we need to add up the balances of all asset accounts:
Accounts Receivable: $6,000
Truck: $11,000
Equipment: $11,000
Cash: $7,300
Total Assets = Accounts Receivable + Truck + Equipment + Cash
Total Assets = $6,000 + $11,000 + $11,000 + $7,300
Total Assets = $35,300
Total assets provide an indication of the company's overall financial health and its ability to meet its financial obligations. It represents the resources owned by the company that have future economic value. These assets can be used to generate revenue and support the company's operations.
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A convenience product would most likely be promoted through _____.
A. segment marketing
B. mass marketing
C. niche marketing
D. micromarketing
Answers
Answer:
a. segment Marketing
Explanation:
hope it helps you
the financial crisis of 2008 demonstrated that activities such as trading in financial futures and interest rate swaps have low risk. group starts
Answers
It is false that financial crisis of 2008 demonstrated that the activities such as trading in the financial futures and interest rate swaps have a low risk.
What is financial crisis?Financial crises are any of a wide range of events where certain financial assets unexpectedly lose a sizable portion of their nominal value. Banking panics were a common cause of financial crises in the 19th and early 20th centuries, and these panics frequently resulted in recessions. Stock market crashes, the deflation of other financial bubbles, currency crises, and sovereign defaults are further events that are frequently referred to as financial crises. While there is a direct loss of wealth on paper as a result of financial crises, there aren't always noticeable changes in the real economy. Many economists have put forth hypotheses regarding how financial crises arise and how they might be stopped. But there is no agreement, and financial crises still happen occasionally.
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What are the functions of money?
A. A measure of debt
B. A storehouse of value
C. A form of bartering
D. A unit of account
E. A medium of exchange
Answers
Answer:
E,C, and D, and B
Explanation:
The functions of money are- a measure of debt, a storehouse of value, a unit of account, and a medium of exchange. Thus all the options except C are the functions of money.
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socio-economic context as payment for goods and services and repayment of debts, such as taxes.
Money serves as a medium of exchange, a unit of account, a store of value, and, in some cases, a standard of deferred payment. Money was historically an emerging market phenomenon with intrinsic commodity value.
Its value is derived as a result of social convention, having been declared legal tender by a government or regulatory entity; that is, it must be accepted as a form of payment within the borders of the country, for "all debts, public and private."
Therefore, options A, B,D, and E are the functions of money.
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what term best describes the pridiction of the number of items a company will sell for any given commodity
Answers
The optimal market prices best describe the prediction of the number of items a company will sell for any given commodity.
What is Ideal Cost?
The ideal cost is that price tag at which the absolute benefit of the dealer is expanded. At the point when the cost is too low, the vender is moving countless units however isn't acquiring the most elevated conceivable total benefit.
For what reason is ideal cost significant?
The ideal cost is that perfect balance where it is feasible to get great benefits as indicated by the item or need that we offer. This is vital for any individual who is committed to a business action since it is a moderately basic method for getting improved results.
How would you work out ideal evaluating methodology?
Do an estimating investigation to see what they charge for comparative items and how regularly they change the cost (e.g., through limited time limits). While you surely don't have any desire to go far out of reach with your evaluating technique, you don't be guaranteed to have to offer the least cost.
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Why can communicating with someone with a different background than yours present challenges?
Answers
in the long run, monopolistically competitive firms produce at a level of output that is less than the least cost (minimum atc) level of output. this is called: g
Answers
in the long run, monopolistically competitive firms produce at a level of output that is less than the least cost (minimum atc) level of output. this is called the deadweight loss.
What is monopolistic?
When a large number of businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists. A monopolistic competitive industry has low entry requirements, and decisions made by any one firm need not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation. Between a monopoly but also perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings. Sectors with monopolistic competition include those in restaurants, hair salons, household goods, and clothing. Numerous rival businesses compete to sell, market, and price goods like dish soap and hamburgers.
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How is product placement different from a commercial?
business sucks!
Answers
Answer:
Product placements in music videos range from 3-5 minutes whereas product placement in movies can range in 12 minutes-1.5 hours or more in length. A commercial is specifically geared specifically toward interrupted television with a 5-30 sec ad placed in between TV shows.
Product Placement is when a trademark is seamlessly incorporated into the story and plot, of video production.
What is Product Placement?
The significant kinds of product placement are either visual, verbal, signage, or usefulness.
Product placements in theme videos vary from 3-to 5 minutes whereas product placement in movies can meander from 12 minutes-1.5 hours or more in length.
A commercial is geared especially toward interrupted television with a 5-30 sec ad established in between TV shows.
A commercial is especially geared toward interrupted television with a 5-30 sec ad established in between TV exhibitions.
The expenditures of each of these can vary which depend on the reach, demographics of viewership, target markets, time of day, and more additional variables.
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Not offering ski equipment in a southern state is an example from what "chunk" of Marketing? a Channel Management b Marketing Information Management c Market Planning d Pricing e Promotion f Selling
Answers
Answer:
Market Planning
Explanation:
Marketing Planning are steps taken that consists of market situation analysis, analysis of marketing opportunities information, market and forecast, to develop a bases for objectives to achieve in the market structuring and advancing a marketing approach or strategy. As such the marketing plan are an outline of actions having a strategic base.
Examples of marketing planning includes;
1) Advertisement
2) Cause Marketing, that ties the offered product to a particular social cause or people policy or issue
3) Marketing by word of mouth
4) Marketing on the internet
5) Marketing based on relationship
Jessica has just opened a shoe store. To operate her business, she orders her
shoes from a company. That company receives the shoes from a local
designer. What role does Jessica play in the distribution channel?
A. Jessica is a producer.
оо
B. Jessica is a wholesaler.
C. Jessica is a retailer.
O
D. Jessica is a storage provider.
Answers
Answer:
The answer is C
Explanation: Brainiest Would help! :D
Answer:
Answer: C Jessica is a retailer
Explanation:
RETAILERS are responsible for making goods convenient for consumers
to buy.
If you own a business that purchases other people's merchandise and sells
it in your shop you are known as a RETAILER.
Suppose an economy experiences an increase in unemployment across all industries. What is the result of this increase in unemployment on the production possibilities curve?(1 point).
Answers
An increase in unemployment across all industries results in a decrease in the economy's potential to produce goods and services.
This can be represented as a shift of the production possibilities curve (PPC) inward. The production possibilities curve is a graphical representation of the maximum possible combinations of two goods that an economy can produce, given the available resources and technology.
The curve is downward sloping, meaning that as more of one good is produced, the opportunity cost of producing the other good increases. An increase in unemployment across all industries means that there is a decrease in the available labor force, reducing the economy's capacity to produce goods and services.
This results in a decrease in the potential combinations of goods and services that can be produced, and the PPC shifts inward to reflect this decrease in potential.
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mm proposition i with taxes is based on the concept that the: question 8 options: optimal capital structure is the one that is totally financed with equity. cost of equity increases as the debt-equity ratio of a firm increases. firm is better off with debt based on the weighted average cost of capital. capital structure of the firm does not matter because investors can use homemade leverage. presence of taxes causes debt to be valuable to a firm.
Answers
A) The MM proposition l with taxes is based on the concept that the capital structure of the firm does not matter because investors can use homemade leverage because the MM proposition l with taxes states that the capital structure doesn't affect the firm's value.
B) Question 6- MM proposition l with taxes states that capital structure doesn't affect firm value because the firm's value is calculated on the present value of future cash flows, thus, the capital structure cannot affect it.
C) The interest tax shield is a key reason why the net cost of a debt to a firm is generally less than the cost of equity.
D) Question 8- The first sentence is false because by increasing the amount paid to the debt holder through interest payment the number of pretax cash flows must be paid as taxes decrease. It won't increase because the gain in total cash flows to investors is the interest tax shield.
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6
Drag each label to the correct location,
A factory producing steel goods has many assets. Classify them as tangible or intangible.
intangible asset
tangible asset
Swiveling chair
factory
cash
bulldozer
patent
intellectual property
Answers
Answer:
The top four is tangible and the both four are intangible I am quite sure.
Explanation:
What is it called when you make money on
the percentage of the total sales you make?
Answers
Answer:
Commission
Explanation:
Commission is a payment based on the amount of sales an employee makes and is usually based on a percentage of total sales.
When quantity demanded increases in response to a change in price implies:
a. there is a movement from one point to another along the demand curve.
b. the demand curve shifts to the right.
c. the demand curve shifts to the left.
d. the demand curve doesn't shift.
Answers
Quantity demanded increases in response to a change in price implies a. there is a movement from one point to another along the demand curve.
When is there a movement along the demand curve ?When there is a movement from one point to another along the demand curve, it implies that the quantity demanded has increased in response to a change in price.
This means that as the price of a good decreases, the quantity demanded of the good increases. In this case, the demand curve doesn't shift, but there is a change in quantity demanded along the curve.
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what's the answer? please help, it's overdue
Answers
Answer: Honestly in my opinion that's a no
Explanation: because that's there imagine without them they wouldn't be able to get that image up and making profit therefore the player should get a cut of the profit that is made.
Course : Analyzing and Visualizing data
Please note what you’ve learned in the course and how you will
apply it to your work life. Also, note anything else of importance
regarding the course overall
Answers
Analyzing and Visualizing Data is a comprehensive course that aims to impart data analysis and data visualization skills to learners. It teaches you how to utilize tools such as R, Python, and Tableau to analyze data, extract insights, and visualize them. Below are some of the key concepts learned in this course that can be applied to the work-life:
1. Data Cleaning and PreprocessingIn data analysis, the data you're working with will most likely need to be cleaned and preprocessed to ensure the accuracy of the results. Data cleaning refers to the process of removing or correcting errors, incomplete data, or duplicate entries from your data set. The preprocessing involves the conversion of raw data into a form that is compatible with analysis tools.
2. Data VisualizationData visualization is a way of representing data in a graphical format to enhance its readability and make it easier to interpret. It is a critical tool for data scientists, business analysts, and researchers to communicate insights to stakeholders.
3. Data AnalysisThis course teaches you the basics of data analysis, which is the process of examining data sets to extract insights and find trends. The process involves several steps, including data cleaning, data wrangling, data exploration, and data visualization. It also covers techniques such as statistical analysis and machine learning algorithms. Overall, Analyzing and Visualizing Data is a valuable course that can be applied to many careers. The skills learned in the course are transferable to data-driven fields such as data analysis, business intelligence, machine learning, and more.
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What are the two parts of the platform used to run application software? GUI and HCI hardware and operating system kernel and software configuration application base and operating system
Answers
Answer:
The answer is B
Explanation:
Answer:the answer is B hardware and operating system
Explanation:
_____ refers to higher grades given for the same work.
Answers
grade inflation refers to higher grades given for the same work without a corresponding increase in academic performance. It can have both positive and negative consequences, impacting students' self-esteem and the credibility of grades.
grade inflation refers to the phenomenon where higher grades are given for the same work without a corresponding increase in academic performance. It occurs when there is an increase in the average grades awarded to students over time, often due to changes in grading policies or lenient grading standards.
Grade inflation can have both positive and negative consequences. On one hand, it may boost students' self-esteem and motivation, as higher grades can provide a sense of accomplishment. However, it can also devalue the meaning and credibility of grades, as students may receive higher grades without truly demonstrating mastery of the material.
Grade inflation is a topic of concern in education, as it can create a false perception of students' abilities and make it difficult to differentiate between high-achieving and average-performing students. It is important for educators to maintain rigorous grading standards and ensure that grades accurately reflect students' knowledge and skills.
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