The receivables turnover ratio for the current year is approximately 14.57, and the average days sales in receivables is approximately 25 days.
The receivables turnover ratio measures how efficiently a company collects its accounts receivable during a specific period. In this case, Apple's receivables turnover ratio of 14.57 suggests that the company collected its average accounts receivable balance approximately 14.57 times during the year. A higher turnover ratio generally indicates that a company is collecting its receivables more quickly.
The average days sales in receivables represents the average number of days it takes for a company to collect its accounts receivable. In this case, Apple's average days sales in receivables of approximately 25 days suggests that, on average, it takes the company 25 days to collect payment from its customers after making a credit sale. A lower number of days is generally favorable as it indicates that the company is able to convert its receivables into cash more quickly.
Overall, a high receivables turnover ratio and a low average days sales in receivables indicate efficient management of accounts receivable and a faster conversion of credit sales into cash.
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Buying a franchise might be a good decision for someone who _____. a. wants to create a new product or service b. doesn’t want to work long hours c. doesn’t have experience developing management systems d. likes to work alone without many rules and regulations Please select the best answer from the choices provided A B C D
Answer:
its C
Explanation:
i got it right on edge
Buying a franchise might be a good decision for someone who doesn’t have experience developing management systems. The appropriate response is option C.
What is a franchise ?A franchise is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system.
You can run a business if you buy a franchise as an investor or franchisee. You receive a format or system created by the business (franchisor), the right to use its name for a predetermined period of time, and help in exchange for paying a franchise fee.
Due to the pool of support provided by the franchisor and network of other franchisees, a small firm with a franchise is better able to compete with large corporations than a small business operating independently. In your territory, you often have exclusive rights.
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Last month, Tech Industries sold its product for $50 per unit. Fixed production costs were $25,000, and variable production costs amounted to $10.50 per unit. Fixed selling and administrative costs totaled $15,000, and variable selling and administrative costs amount to $2.00 per unit. Tech Industries produced and sold 5,000 units last month.
Answer:
Operating profit = $147,500
Explanation:
Missing question is "What is the total operating profit?
Operating profit = Sale unit(Selling price - Variable Cost) - Fixed expenses
Operating profit = 5,000 * ($50 - $10.50 - $2.00) - $25,000 - $15,000
Operating profit = 5,000*$37.5 - $40,000
Operating profit = $187,500 - $40,000
Operating profit = $147,500
he Polaris Company uses a job-order costing system. The following transactions occurred in October:
-Raw materials purchased on account, $210,000.
-Raw materials used in production, $190,000 ($152,000 direct materials and $38,000 indirect materials).
-Accrued direct labor cost of $48,000 and indirect labor cost of $21,000.
-Depreciation recorded on factory equipment, $105,000.
-Other manufacturing overhead costs accrued during October, $130,000.
-The company applies to manufacture overhead cost to production using a predetermined rate of $5 per machine-hour. A total of 76,100 machine hours were used in October.
-Jobs costing $511,000 according to their job cost sheets were completed during October and transferred to Finished Goods.
-Jobs that had cost $449,000 to complete according to their job cost sheets were shipped to customers during the month. These jobs were sold on account at 30% above cost.
Prepare journal entries to record the transactions given above.
These journal entries record the transactions for the given scenarios in October. Please note that the sales revenue is calculated based on the 30% above cost for the shipped jobs.
Here are the journal entries to record the transactions for Polaris Company:
Raw materials purchased on account:
Debit: Raw Materials Inventory.................................$210,000
Credit: Accounts Payable...............................................$210,000
Raw materials used in production:
Debit: Work in Process Inventory (Direct Materials).......$152,000
Debit: Manufacturing Overhead (Indirect Materials)....$38,000
Credit: Raw Materials Inventory......................................$190,000
Accrued direct labor cost:
Debit: Work in Process Inventory (Direct Labor)............$48,000
Credit: Accrued Payroll...................................................$48,000
Accrued indirect labor cost:
Debit: Manufacturing Overhead (Indirect Labor)..........$21,000
Credit: Accrued Payroll...................................................$21,000
Depreciation recorded on factory equipment:
Debit: Manufacturing Overhead......................................$105,000
Credit: Accumulated Depreciation - Factory Equipment...$105,000
Other manufacturing overhead costs accrued:
Debit: Manufacturing Overhead......................................$130,000
Credit: Accounts Payable...............................................$130,000
Application of manufacturing overhead:
Debit: Work in Process Inventory....................................$380,500 ($5 per machine-hour x 76,100 machine hours)
Credit: Manufacturing Overhead.....................................$380,500
Completion of jobs and transfer to Finished Goods:
Debit: Finished Goods Inventory......................................$511,000
Credit: Work in Process Inventory..................................$511,000
Shipment of completed jobs to customers:
Debit: Accounts Receivable.............................................$583,700 ($449,000 + 30% of $449,000)
Credit: Sales Revenue.....................................................$583,700
Debit: Cost of Goods Sold..............................................$449,000
Credit: Finished Goods Inventory..................................$449,000
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true or false: despite a slight increase in the unemployment rate in the spring of 2019, most economists did not believe that the economy was in a recession.
Despite a slight increase in the unemployment rate in the spring of 2019, most economists did not believe that the economy was in a recession. The statement is True.
The unemployment rate in the US is released by the Bureau of Labor Statistics. The Bureau of Labor Statistics (BLS) reported that in April 2019, the unemployment rate rose slightly from 3.8% to 3.9%. However, the increase in the unemployment rate did not necessarily mean that the economy was in recession, according to most economists.In general, economists consider a recession to be a period of economic decline, typically defined as two consecutive quarters of declining GDP.
While there were signs of economic weakness in 2019, such as slower job growth and weaker manufacturing activity, most economists did not believe that the economy was in a recession.
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which economic indicators most strongly suggest than an economy is experiencing the expansion phase of the business cycle?
The economic indicators that most strongly suggest that an economy is experiencing the expansion phase of the business cycle are as follows: GDP Growth Rate, Employment, Consumer Confidence, Industrial Production, Investment and Capital Spending.
1. GDP Growth Rate: The growth rate of gross domestic product (GDP) is a crucial indicator of economic expansion. When the GDP is growing rapidly, it suggests that the economy is experiencing an expansion phase.
2. Employment: When an economy is in expansion, it will generate jobs, lowering unemployment rates. Therefore, falling unemployment rates indicate that the economy is growing.
3. Consumer Confidence: Consumer confidence is critical to the expansion phase of the business cycle. A rise in consumer confidence suggests that individuals believe that the economy will continue to grow.
4. Industrial Production: Industrial production also a crucial economic indicator. Industrial production growth shows that there is increased demand in the economy, meaning that it is growing.
5. Investment and Capital Spending: When businesses are investing in the economy by increasing their capital expenditure, it indicates that they believe the economy will continue to grow. When companies invest, it leads to increased job creation and economic growth.
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Qik Fix-It offers Cody a job as a plumber. No time for acceptance is specified in offer. The offer will terminate: Group of answer choices A. This common law offer will expire after a reasonable period of time. B. This UCC offer will expire after a reasonable period of time. C. After atypical work week (five business days) for this common law offer D. This common law offer will expire after a usual month (thirty calendar days). E. Never
Answer:
A. This common law offer will expire after a reasonable period of time.
Explanation:
Since in the question Cody offered a job from Qik Fix as a plumber but there is no time given for acceptance so the offer would be terminated after a reasonable time period as this represents a common law where the offer would be expire after a reasonable period in the case when the time period is not mentioned
Therefore the correct option is a.
According to the video, what are some things that Human Resources Managers do? Select four options.
oversee hiring and firing
purchase computers
distribute office supplies
develop training programs
develop personnel policies
develop pricing strategies
develop recruiting programs
Answer: 1 4 5 7
Explanation:
Answer:
1,4,5,7
Explanation:
on ed2021
A nurse, police office, and teacher would all have _____ interests. a. scientific b. social c. office operations d. craft Please select the best answer from the choices provided A B C D
Answer:
B
Explanation:
They all have to talk to their fellow co-workers. Therefore B is the best answer
Answer:
B) social
Explanation:
Just took the test
How big are Cyber Monday sales?
Cyber Monday sales reached $10.8 billion, making it the biggest ecommerce selling day of all time in 2020.
Cyber Monday is a marketing term for e-commerce transactions on the Monday in the United States. It was created by retailers to encourage people to shop online and increase sales.
To promote new and updated product to increase sales like Video games are another product shoppers look for on Cyber Monday, in part because they make great holiday gifts. Cyber Monday sales is now biggest for e-commerce and online retailer offer discounts and deals.
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Select the correct answer.
Ahmed has been running a laundry service in his neighborhood for the past eight years. He picks up soiled clothes and delivers washed and ironed clothes at the customers’ doorsteps. A transporter who offers to pick and deliver customer clothes at a cheaper rate than his current transporter approaches him for a business deal. What do you think Ahmed should do in such a case?
A.
immediately discontinue services of the current transport person
B.
continue the services of the current transport person forever
C.
delay the payments of the current transport person so that he willingly discontinues his services
D.
wait until the contract with the current transport person ends before using the new transport person
Answer:
D) wait until the contract has ended
TRUE OR FALSE the tasks in a wbs must be developed as a sequential list of steps. group of answer choices true false
False, the tasks in a Work Breakdown Structure (WBS) do not necessarily need to be developed as a sequential list of steps.
A Work Breakdown Structure (WBS) is a hierarchical decomposition of a project into smaller, manageable components. It organizes the project's deliverables, activities, and tasks into a structured format. The WBS breaks down the project scope into smaller, more manageable elements, allowing for better planning, resource allocation, and control.
The tasks in a WBS are typically organized in a hierarchical manner, where higher-level elements are broken down into sub-elements. However, the WBS does not require a strictly sequential list of steps. It provides a visual representation of the project's components and their relationships, but it does not dictate the specific order in which tasks should be performed.
The WBS allows for flexibility in how the tasks are executed within each element. It provides a framework for organizing the work, but the actual sequencing of tasks can be determined based on project needs, dependencies, resource availability, and other factors.
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according to , after ninety (90) consecutive days with no members, a limited liability company (llc) will dissolve.multiple choicethe uniform commercial code (ucc)the limited liability company dissolution act (llcda)the uniform limited liability company act (ullca)interstate commerce commission (icc) guidelinesfederal trade commission (ftc) guidelines
According to the Uniform Limited Liability Company Act (ULLCA), after ninety (90) consecutive days with no members, a limited liability company (LLC) will dissolve.
The ULLCA is a model legislation that provides a framework for LLC laws across different jurisdictions.
It specifies the circumstances under which an LLC can dissolve, including the 90-day rule when there are no members.
The LLCDA outlines the criteria for LLC dissolution, including the 90-day rule.
In summary, it is the Uniform Limited Liability Company Act (ULLCA) that states that an LLC will dissolve after 90 consecutive days with no members.
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The balance on a credit card, that charges a 15.5% APR interest rate, over a 1 month period is given in the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
answer is $3.34
If the balance on a credit card, that charges a 15.5% APR interest rate. finance charge on the average daily balance for this credit card over the 1 month period is $3.36.
How to finance charge?To calculate the finance charge for the credit card over the 1 month period, we need to calculate the average daily balance and then apply the interest rate. Here are the steps to follow:
Step 1: Calculate the number of days in each period.
Days 1-5 = 5
Days 6-20 = 15
Days 21-30 = 10
Step 2: Calculate the average daily balance for each period.
Average daily balance for days 1-5 = $200
Average daily balance for days 6-20 = ($200 x 5 + $350 x 15) / 20 = $305
Average daily balance for days 21-30 = ($200 x 5 + $350 x 15 - $150 x 10) / 30 = $225
Step 3: Calculate the weighted average daily balance for the entire month.
Weighted average daily balance = (average daily balance for days 1-5 x 5) + (average daily balance for days 6-20 x 15) + (average daily balance for days 21-30 x 10) / 30
Weighted average daily balance = ($200 x 5 + $305 x 15 + $225 x 10) / 30 = $263.33
Step 4: Calculate the finance charge for the month.
Finance charge = weighted average daily balance x daily periodic interest rate x number of days in the billing cycle
Daily periodic interest rate = APR / 365 = 15.5% / 365 = 0.0004247
Finance charge = $263.33 x 0.0004247 x 30 = $3.36
Therefore, the finance charge on the average daily balance for this credit card over the 1 month period is $3.36.
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Whoever answers gets brainlist!
Sub chapter s corporations have almost no restrictions and are easily formed and operated. true or false
Answer:
false
Explanation:
S corporation form of business ownership is one type of corporation. It is a corporation whose shareholders have elected to become an S corporation. The formation of this form of business structure is not easy. First, a corporation is formed as per the requirements of the laws. Some requirements include drafting of articles and memorandum of association, appointing directors, and registering the corporation.
The shareholder can then apply to be an S incorporation if they meet the requirement. Some of them are
1. Should not have more than 100 shareholders
2. Shareholders should be individual or some exempt entities.
3. Have one class of stock
Where is the main Federal Reserve Bank located?
please mark me brilliance
if the slope of the budget line is -601 and the price of x1 is 79, then what is the price of of x2? (hint: remember that prices cannot be negative, so input your answer as a positive number).
Let the price of x2 be p. The equation of the budget line is given as follows: Mx1 + px2 = Ywhere M is the budget and Y is the income.
Slope of the budget line, MRTx1x2= -M/p
Thus, -601 = -M/p
=> M/p = 601
Given that price of x1 is 79, i.e., p1 = 79Let p2 be the price of x2.
MRTx1x2= -p2/p1
=> 601 = -p2/79
=> p2 = -601 × (-79) [Multiplying both sides by 79]
=> p2 = 47479
The price of x2 is 47479.
It is confirmed that the slope of the budget line is -601 and the price of x1 is 79 and the price of x2 is 47479. Let's see if the answer satisfies the equation of the budget line. Mx1 + px2 = Y
When x1 = 1 and x2 = 1,
the income (Y) = budget (M)
= (79 × 1) + (47479 × 1)
= 47558.
Substituting these values in the equation, we get: 79 - 47479 = 47558.
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How can the various templates that are available for new Word documents be accessed?
opening up an instance of Word
pressing CTRL+N with Word open
clicking File to enter Backstage View
all of the above
Answer: All of the above
Explanation:
When you open up Word newly, the available templates will be listed for you to choose one of your preference and if those are not enough, one can still get more online.
Pressing CTRL+N with Word open will also enable you to have access to the various templates. Finally, clicking File will enable you to enter Backstage View where you can then click on New to see the various templates.
Answer:
the answer is d) all of the aboveExplanation:
What is one way a company can work to build relationships with it's customers?
A. A company can call all of its customers once a week to check in and see how their lives are going.
B. A company can plant to have a large sale once a year as a "thank you" to its customers.
C. A company can send a generic form letter to its customers to offer them a coupon
D. A company can send a personalized email to its customer when letting them know about a sale.
Answer:
D. A company can send a personalized email to its customer when letting them know about a sale.
Explanation:
Hope this helps!!
A company can work to build relationships with it's customers is that a company can send a personalized email to its customer when letting them know about a sale. Its comes under the relationship marketing. The correct option is (D).
What is relationship marketing?Relationship marketing is a component of customer relationship management (CRM) that prioritizes long-term involvement and client loyalty over short-term objectives like customer acquisition and individual sales.
The more conventional transactional marketing plan, which is centered on boosting the volume of individual sales, contrasts with relationship marketing.
The capacity of relationship marketing to maintain close contact with clients is crucial.
Therefore, a company can work to build relationships with it's customers is that a company can send a personalized email to its customer when letting them know about a sale.
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Planning and goal setting can be complex and difficult tasks because the decisions managers need to make:
Planning and goal setting are essential components of effective management, but they can also be complex and challenging tasks.
Managers must make a wide range of decisions when creating plans and setting goals, and these decisions can be influenced by a variety of factors. For example, managers must consider the organization's resources, the competitive landscape, the needs and preferences of stakeholders, and the potential risks and uncertainties associated with different courses of action. To overcome these challenges, managers should approach planning and goal setting as a collaborative and iterative process. They should engage in dialogue with key stakeholders, seek out diverse perspectives, and remain open to feedback and new information. They should also use data and analytics to inform their decisions and continually evaluate their progress towards achieving their goals. In addition, managers should adopt a flexible and adaptable approach to planning and goal setting. They should recognize that the business environment is constantly evolving, and they must be prepared to adjust their plans and goals as necessary. By taking a thoughtful and strategic approach to planning and goal setting, managers can help their organizations achieve sustainable growth and success over the long term.
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PLEASE HELP MEEEE PLEASE!!!!!!!!!!!!!!!!!
Which of these describes an aspect of a product benefit?
Answer Choices:
A. Appeal to our senses
B. The advantages of product features
C. Relate to the quality of the merchandise
D. Physical in nature
Answer:
B or C, probably B
Explanation:
How can you determine an independent contractor?
A. Independent contractors have an interview and a daily schedule
b. Their work and work hours are minimally controlled
c. Their work and work hours are moderately controlled
Answer:
B.
Explanation:
Answer:
b
Explanation:
omez is considering an $210,000 investment with the following net cash flows. gomez requires a 12% return on its investments. (pv of $1, fv of $1, pva of $1, an fva of $1) (use appropriate factor(s) from the tables provided.) year 1 year 2 year 3 year 4 year 5 net cash flows $61,000 $46,000 $74,000 $140,000 $37,000 (a) compute the net present value of this investment. (b) should gomez accept the investment?
The following net cash flows, Gomez is considering an $210,000 investment:
The net present value of this investment is $66568.67.The should gomez accept the investment.Investment is the practise of trading money from one time period for an asset that is anticipated to generate income in the future. Consumption now is thus sacrificed in order to reap higher rewards later on.
Entire output must surpass entire consumption for an economy to invest. Investment has historically been predominantly a function of private enterprise; since the 20th century, governments in planned economies and emerging nations have, however, emerged as significant investors.
Investment in the means of production and solely financial investment can be separated from the perspective of a person. The investor may receive a financial return from any form of investment, but from the perspective of the overall economy, pure financial investments are simply seen as title transfers and do not increase the nation's productive potential.
Step: 1
Year
Net Cash Flows
Present value at 15%
Present value of Net cash flows
Year 1
87000
0.86957
75652.59
Year 2
48000
0.75614
36294.72
Year 3
85000
0.65752
55889.2
Year 4
158000
0.57175
90336.5
Year 5
37000
0.49718
18395.66
Totals 415000
276568.67
Initial investment 210000
Net Present value 66568.67
The Net Present Value of the investment is $66569.
Step: 2
Requirement B)
The Gomez should accept this investment since the net present worth of the investment is positive.
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Why would the government give tax breaks to companies that make a lot of money?
Answer:
The government uses tax incentives in order to help increase economic development. Tax incentives make it less expensive and more profitable for a business to function. States can use tax incentives to encourage businesses to operate in their state, according to the University of Central Arkansas
Explanation:
how are final goods and services valued when measuring nominal gdp? group of answer choices at base year prices at factor market prices at foreign exchange parity at current market prices
Final goods and services are valued at current market prices when measuring nominal GDP.
Nominal GDP is a measure of the total value of all goods and services produced in an economy during a given period of time, typically a year, and is calculated by multiplying the quantity of goods and services produced by their current market prices.
For example, if an economy produces 10 units of a good that sells for $5 each and 20 units of another good that sells for $10 each, the nominal GDP would be calculated as follows:
(10 x $5) + (20 x $10) = $100 + $200 = $300
In this example, the final goods and services are valued at their current market prices, which are $5 and $10 for each unit, respectively. This approach to valuing final goods and services is called the current market prices method, which is one of the three methods used to calculate GDP, along with the factor cost method and the expenditure method.
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xyz inc. has a bond with the following characteristics: par: $1,000 time to maturity: 20 year coupon rate: 8%, semi-annual payments yield to maturity: 6% calculate the price of the bond
Xyz inc. has a bond with the following characteristics: par: $1,000 time to maturity: 20 year coupon rate: 8%, semi-annual payments yield to maturity: 6% the price of the bond is $1,090.76.
To calculate the price of the bond, we can use the following formula:
Bond Price = (C / (1 + r)¹) + (C / (1 + r)²) + ... + (C + Par / (1 + r)ⁿ)
where:
C = coupon payment
r = yield to maturity
n = number of coupon periods
First, we need to determine the number of coupon periods, which is 20 years * 2 = 40 coupon periods.
Next, we can plug in the values and calculate the price:
Bond Price = (40 * 0.08 * 1000 / (1 + 0.06)¹) + (40 * 0.08 * 1000 / (1 + 0.06)²) + ... + (40 * 0.08 * 1000 + 1000 / (1 + 0.06)⁴⁰)
Bond Price = 37.19 + 34.95 + ... + 293.19
Bond Price = 1,090.76
Therefore, the price of the bond is $1,090.76.
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Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments
A multinational enterprise would likely be motivated to pursue a global-standardization strategy in order to ______. (Check all that apply.)
What effect would reducing income tax rates have on the interest rates of municipal bonds? A. Interest rates would rise because the reduction in income tax rates would make the tax-exempt privilege for municipal bonds less valuable and reduce the demand for municipal bonds. B. Interest rates would fall because the reduction in income tax rates would make the tax-exempt privilege for municipal bonds less valuable and reduce the demand for municipal bonds. C. Interest rates would fall because Treasury securities are now less valuable and more people will want to hold municipal bonds. D. Interest rates would rise because Treasury securities are now less valuable and more people will want to hold municipal bonds.
Answer:
A. Interest rates would rise because the reduction in income tax rates would make the tax-exempt privilege for municipal bonds less valuable and reduce the demand for municipal bonds.
Explanation:
In the case when the income tax rate is decreased on the municipal bonds so here the interest rate would increase as there is a decrease in the income tax rate due to which there should be the tax-exempt for the municipal bonds also it is less valuable. In addition to this, it also decrease the municipal bond demand
hence, the correct option is A.
What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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