The accounts receivable turnover ratio is a monetary metric that reveals how successfully a company collects receivables from its clients. The ratio counts the number of times receivables are turned into cash over the course of a specific period of time.
The Receivable Turnover Ratio, sometimes referred to as the Debtor's Turnover Ratio, is a financial indicator used to evaluate how successfully a company offers credit and collects debts. Receivables turnover ratio is an activity ratio that evaluates how well a business makes use of its resources.
How is the turnover of accounts receivable determined?Net sales are divided by the average amount of accounts receivable to arrive at the AR Turnover Ratio. Sales on credit, sales returns, and sales allowances are added together to calculate net sales.
a. AR Turnover = Sales / Average Receivables
AR Turnover = $1,236,620 / $56,210
AR Turnover = 22
b. Days sales are due to be paid = 365 / AR Turnover
Days sales are due to be paid = 365 days / 22
Days sales are due to be paid = 16.59 days
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Your company is manufacturing a new product. You need to establish a Product Quality Control Process.
What are three things you must do to create establish your Product Quality Control Process? (Choose three)
0000
Establish the method to use for testing product quality.
Developing the product website and social media compaign.
Determine what standards have to be met based on the product and industry.
Setting up your test marketing strategy.
Publish your test results in a popular professional journal.
Review the results of internal quality assurance testing.
Answer:
the answer is 5,4 and 1
Explanation:
trust me
In a few sentences, explain what it means to be
financially responsible.
Answer:
Being financially responsible means you are earning more than you are spending. You should also create a budget to track income and expenses, and do what you can to always pay bills on time.
What can be used to customize how the data is tracked in the Conversions
column
Answer:
The answer is "Include in Conversions setting".
Explanation:
It may or may not want to include information from a conversion action in your reporting row "Conversions." For each one of your transfer actions, you can set its configuration. So, how it can include some categories of conversions to not include others, therefore, it can use Conversions to change how well the data throughout the Conversions section is monitored.
write a short response paragraph explaining how a credit score could contribute to keeping someone caught in a cycle of poverty
Answer:
A credit score is a numerical representation of a person's creditworthiness, which lenders use to determine their ability to repay loans. Unfortunately, people with low credit scores may find it difficult to access credit, which can make it challenging to obtain loans to start a business, purchase a home, or cover emergency expenses. This lack of access to credit can make it challenging for people caught in the cycle of poverty to break free, as they may not have the resources to address urgent financial needs or invest in income-generating opportunities. Additionally, without access to credit, they may turn to predatory lenders or high-interest credit cards, further perpetuating the cycle of poverty. Therefore, a low credit score can contribute to keeping someone caught in a cycle of poverty by limiting their financial options and making it difficult to improve their economic situation.
Explanation:
The foundation of a marketing plan.
Answer:
Every marketing plan should include a clear explanation of the market segmentation, target market focus, and a market forecast. To develop an effective plan based on your customers' needs and nature.
In what order would you perform the following steps in order to change the color of text in a document?
1. Step one
Locate the Font grouping
Click the arrow next to the font
2. Step two
color icon
3. Step three
Select the text you wish to modify
4. Step four
Click on the new font color
5. Step five
Select the Home tab
Hey there! I recently came across this question myself. The correct order for the problem is:
Step 1:
Select the text you wish to modify.
Step 2:
Select the Home tab.
Step 3:
Locate the Font grouping.
Step 4:
Click the arrow next to the font color icon.
Step 5:
Click on the new font color.
Hope you succeed in passing whatever assignment you're working on!
The Chicago school is best known to support ?
Answer:
guess
Explanation:
this is easy
If the value of the goods and services a country produces increases while its
population stays the same, which statement must be true?
A. The country's unemployment rate has decreased.
B. The country's total GDP has decreased.
C. The country's per capita GDP has increased.
D. The country's rate of inflation has increased.
If the value of the goods and services a country produces increases while its population stays the same, "the country's per capita GDP has increased."
This is based on the idea that per capita GDP is a form of GDP measure that divides the total GDP, particularly a country with the population or number of people living in that country.
Therefore, when the value of the goods and services a country produces increases while its population stays the same, "the country's per capita GDP has increased."
Hence, in this case, the correct answer is option C. "the country's per capita GDP has increased."
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Answer: The country's per capita GDP has increased. So "C" is right.
Explanation: Just took the quiz
How can decision-making skills help me achieve my goals?
Answer:
Put forward objectives that you need to achieve. To be roused to really accomplish your objectives, they should be founded on the data that you considered during the dynamic interaction. Stage 2: Consider your objectives mindfully to guarantee that they don't negate one another.
Answer:
It helps you be more experienced when it comes to making tough decisions
Explanation:
The reason decision making skills can help you achieve your goals is by making you focus on what you need to do to be able to complete whatever obstacle you need to cross. Imagine you didn't have any decision making skills at all. One day you will come across some sort of situation where you would need to make a decision, for example lets say that you are a manager at an office building and there is an office worker who just doesn't do their job. There is another person who wants to work there and they are more hardworking than the lazy worker but there is no positions available. Your decision making skills would help you decide whether to fire the lazy worker so that the hard worker gets the job, or if you would let the lazy worker keep working there and the lazy worker does nothing productive for the company.
Hope this helps and wasn't too confusing.
In an efficient capital market, only ______ or ________ information will make stock prices move.
In an efficient capital marketplace, the best new or unexpected data will make inventory fees circulate.
A capital marketplace is a place wherein buyers and dealers take pleasure in trading (shopping for/selling) monetary securities like bonds, stocks, and so forth. The buying and selling are undertaken by using members along with individuals and institutions. The capital market trades mainly in lengthy-time period securities.
A capital market is in which people and companies borrow finances the use of shares, bonds, debentures, debt units, etc. The maximum not unusual example is a stock exchange together with NASDAQ, buying and selling shares from extraordinary businesses among buyers.
The capital market is called an area wherein saving and investments are done among capital providers and those who are in need of capital. it's far, consequently, a place where diverse entities trade one-of-a-kind monetary instruments. There are two types of capital markets: primary marketplace. Secondary marketplace.
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The clean and green car dealership is running a special on 2008 hybrids. The dealership requires the customer to make a down payment of 10% of the cost of the vehicle and will finance the balance with a 6. 78% annual interest loan for 60 months (5 years). You are interested in an eviroclean hybrid that costs $28,250. Not including the down payment, how much will you pay over the lifetime of the loan?.
$37,826 would be paid as the lifetime of the loan in total.
What is Loan?Both parties involved in the sanctioning of a loan must be aware of the principal amount, the terms of repayment, and the interest rate. It is a necessary method through which a lender and a borrower can refer to the terms and conditions indicated earlier in order to eliminate any potential conflicts. So, the questions of both parties can be answered.
The conditions and contract of the loan taken by the borrower for a specific good or service are shown to both parties in a formal loan note.
The borrower's interest rate is examined by the lender first, then the mortgage, income tax information, etc.
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$37,826 would be paid as the lifetime of the loan in total.
What is Loan?Both parties involved in the sanctioning of a loan must be aware of the principal amount, the terms of repayment, and the interest rate. It is a necessary method through which a lender and a borrower can refer to the terms and conditions indicated earlier in order to eliminate any potential conflicts. So, the questions of both parties can be answered.
The conditions and contract of the loan taken by the borrower for a specific good or service are shown to both parties in a formal loan note.
The borrower's interest rate is examined by the lender first, then the mortgage, income tax information, etc.
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Summarize how savers, financial institutions and borrowers interact to help the economy to create capital.
Answer:
Borrowers need capital in order to invest and start businesses. They can be both companies and individuals.
Savers on the other hand have capital and want to grow it so they need to find a way to get it to Borrowers who will then use it to invest.
This is where Financial institutions such as banks and mutual funds come in. They act as intermediaries and collect money from the savers and pool it together so that it becomes a significant amount. Borrowers then go to these institutions and present their plans to justify their need for capital.
If the plans are within an allowable risk threshold, they get the funds and then pay it back with interest as the business progresses thereby making money for both themselves and the savers.
The Engel Curve for a good is derived by which of the following? Tracing the optimal allocation as the good's price changes Tracing the optimal allocation as income changes Tracing the optimal allocation as either income or price changes Any of the above None of the above
The Engel Curve for a good is derived by tracing the optimal allocation as income changes.
The Engel Curve shows the relationship between the quantity of a good consumed and the level of income. It illustrates how the demand for a particular good varies with changes in income while holding other factors constant, such as prices.
By tracing the optimal allocation of the good as income changes, economists can observe how individuals adjust their consumption patterns in response to changes in their income levels. As income increases, individuals may choose to allocate more of their budget towards certain goods, resulting in an upward shift in the Engel Curve. Conversely, as income decreases, individuals may allocate less of their budget towards certain goods, leading to a downward shift in the Engel Curve.
The Engel Curve provides insights into the income elasticity of demand for a good and helps economists understand how changes in income affect consumer behavior and consumption patterns. By examining the relationship between income and the quantity consumed, economists can gain valuable insights into consumer preferences and the income sensitivity of different goods
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All of the following are methods of evaluating the risk of a project except multiple choice the net present value profile a monte carlo simulation decision trees the coefficient of variation
The answer choice that is NOT a method of evaluating the risk of a project is its B. Profile
What is Risk Management?This refers to the identification of risk in any venture and the evaluation of the response to risk factors.
Hence, we can see that when a person is evaluating the risk of a project, he would have to check the net present value, the coefficient of variation, etc, but the evaluation of the profile is not a method of risk evaluation of the project.
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a good that is nonrival and excludable is defined as a: a. public good. b. private good. c. club good. d. common-resource good. e. government good.
A good that is nonrival and excludable is defined as a club good. Option c is the correct answer. A club good is a type of private good that can only be consumed by a limited group of individuals who have paid for access to it.
Other options are incorrect because a public good is non-excludable and nonrival, a private good is both excludable and rival, a common-resource good is rival but non-excludable, and a government good is not a recognized economic term. It is important to know about of these different types of goods in order to understand their characteristics and how they are valued in the economy.
Nonrival means that one person's use of the good does not reduce its availability for others, while excludable means that it is possible to prevent people from using the good if they do not pay for it. Club goods possess both these characteristics.
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a company's product sells at $12.34 per unit and has a $5.51 per unit variable cost. the company's total fixed costs are $96,300. the break-even point in units is:
Break-even point in units= 14,088 units
Giving the following information about the breakeven pointA company`s product sells at $12.30 per unit and has a $5.45 per unit variable cost. The company's total fixed costs are $96,500.
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 96,500/ (12.3 - 5.45)
Break-even point in units= 14,088 units
The breakeven factor is the factor at which the overall price line intersects the overall sales line . It is the range of devices a organization have to promote to generate a 0 profit.
Sales under the breakeven factor imply a loss, while income above the breakeven factor imply a profit.
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Question 11 (Multiple Choice Worth 5 points) (03.05 MC) Christina received an offer for a grant to pay for her college tuition. If she accepts the grant, what does this mean? O She will have to pay back the money after graduation. O She will not have to pay back the money. O She will only have to pay back half of the money after graduation. She will have to pay back twice the amount of money after graduation.
Christina received an offer for a grant to pay for her college tuition. If she accepts the grant She will not be required to repay the money.
What is a payment from a grant?A payment called a grant is a type of financial aid that is given to a recipient by the government or another organization to help them pay for a project or program. Grants typically come in one lump sum, but they can also come in a series of smaller payments spread out over time.
Most of the time, grants are given out based on how well the applicant can show that their project or program is valuable to the public and will help the community in some way. Research grants, educational grants, community development grants, and business grants are all examples of grants. The recipient of a grant payment is not required to repay the grant money.
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U.S. is established as a country based on freedom is to the early america era as federal support for the growth of big business is to the?
U.S. is established as a country based on freedom is to the early America era as federal support for the growth of big business is to the Industrial revolution.
What is American Industrial revolution?The 1870s saw the beginning of the Revolution, also referred to as the American Manufacturing Revolution, which lasted until the conclusion of World War II. During this time, new transport methods like steamships, vehicles, and airplanes were developed along with the mechanization of industry and agriculture.
What are the four root reasons of the American Industrial Revolution?The advent of capitalism, European imperialism, efforts to mine coal, and the effects of the agricultural revolution are some of the factors that historians have recognised as contributing to the Industrial Revolution.
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Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year:Month Sales Purchases CashExpensesPaidMay $ 99,000 $ 61,000 $ 20,000June 125,000 87,000 27,500July 138,000 111,000 37,500August 129,000 79,000 32,900The majority of Martin’s sales (70 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 45 percent are collected in the month of sale and 55 percent are collected in the following month. All of Martin’s purchases are on account with 45 percent paid in the month of purchase and 55 percent paid the following month.Required:1. Determine budgeted cash collections for July and August.2. Determine budgeted cash payments for July and August.
Budgeted cash collections for August would be $107,715. budgeted cash payments for August would be $68,450
1. To determine budgeted cash collections for July and August, we need to consider the cash and credit sales for each month.
For July:
- Cash sales = $138,000 x 70% = $96,600
- Credit sales = $138,000 x 30% = $41,400
- Collected in July (45%) = $41,400 x 45% = $18,630
- Collected in August (55%) = $41,400 x 55% = $22,770
Therefore, budgeted cash collections for July would be:
Cash sales + Collected credit sales in July = $96,600 + $18,630 = $115,230
For August:
- Cash sales = $129,000 x 70% = $90,300
- Credit sales = $129,000 x 30% = $38,700
- Collected in August (45%) = $38,700 x 45% = $17,415
- Collected in September (55%) = $38,700 x 55% = $21,285
Therefore, budgeted cash collections for August would be:
Cash sales + Collected credit sales in August = $90,300 + $17,415 = $107,715
2. To determine budgeted cash payments for July and August, we need to consider the purchases made in each month and the payment terms.
For July:
- Purchases = $111,000
- Paid in July (45%) = $111,000 x 45% = $49,950
- Paid in August (55%) = $111,000 x 55% = $61,050
Therefore, budgeted cash payments for July would be:
Cash expenses paid + Purchases paid in July = $37,500 + $49,950 = $87,450
For August:
- Purchases = $79,000
- Paid in August (45%) = $79,000 x 45% = $35,550
- Paid in September (55%) = $79,000 x 55% = $43,450
Therefore, budgeted cash payments for August would be:
Cash expenses paid + Purchases paid in August = $32,900 + $35,550 = $68,450
Note: We assume that cash expenses paid are always paid in the same month.
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Question 7 of 10
Which of the following is a tax-advantaged savings plan designed to
encourage savings for future college costs?
A. University plan
B. 529 plan
C. Scholarship plan
D. 592 plan
Answer:
It is the 529 plan to save money for college.
Explanation:
the target stores' "bulls-eye" logo is an example of a _____.
The target stores' "bulls-eye" logo is an example of a Trademark Symbol which is used to signify that a phrase, word, symbol, or design is officially registered with the United States Patent and Trademark Office (USPTO).
What is symbol?Symbol is a physical object or a mark used to represent an idea, a concept, or an object. Symbols can be made up of words, images, or a combination of both.
The use of the symbol indicates that the owner of the trademark has exclusive legal rights to the use of the phrase, word, symbol, or design in the United States and that the trademark is protected from unauthorized use.
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Felicia borrowed $25,000 at a nominal rate of 8% amortized over 5 years with monthly payments. Felicia inherits $40,000 from her uncle and wants to pay off the loan in full after the 25th payment (assume the 25th payment was made). How much of Felicia’s inheritance will be left after she pays off her loan? Solve by hand (BA II Plus use permitted).
Felicia will have $27,351.17 left after paying off her loan.
How to calculate the amount of Felicia's inheritance that will be left after she pays off her loan?To solve this problem, we can use the BA II Plus calculator to calculate the remaining balance on the loan after 25 payments, interest payments, and then subtract that amount from Felicia's inheritance.
First, we need to calculate the monthly interest rate by dividing the nominal rate by 12:
i = 8% / 12 = 0.00666667
Next, we can use the following formula to calculate the monthly payment:
\(P = (i * PV) / (1 - (1 + i)^(-n))\)
where PV is the present value of the loan (25,000), n is the total number of payments (5 years * 12 months per year = 60), and P is the monthly payment.
Using the calculator, we can enter the following values:
PV = -25,000
n = 60
i = 0.00666667
FV = 0
PMT = ?
Then, we can solve for PMT to get the monthly payment:
PMT = $483.14
Now, we need to calculate the remaining balance on the loan after 25 payments have been made. To do this, we can use the following formula:
\(B = PV * (1 + i)^n - (PMT * ((1 + i)^n - 1) / i)\)
where B is the remaining balance, PV is the present value of the loan (25,000), n is the number of payments remaining (60 - 25 = 35), and PMT is the monthly payment.
Using the calculator, we can enter the following values:
PV = -25,000
n = 35
i = 0.00666667
PMT = -483.14
FV = 0
Then, we can solve for B to get the remaining balance:
B = $12,648.83
Finally, we can subtract the remaining balance from Felicia's inheritance to get the amount left after paying off the loan:
$40,000 - $12,648.83 = $27,351.17
Therefore, Felicia will have $27,351.17 left after paying off her loan.
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Property taxes are an example of which category of nonexchange transactions?
Property taxes are an example of nonexchange transactions categorized as imposed nonexchange transactions. They represent a financial obligation imposed by the government on property owners to fund public services and infrastructure, without a direct exchange of goods or services between the taxing authority and the taxpayer.
Nonexchange transactions are transactions in which one party receives value or resources without directly giving or receiving something of equal value in return. Imposed nonexchange transactions are those in which a government or authority imposes a financial obligation or burden on individuals or entities without providing specific goods or services directly in return.
Property taxes fall under this category as they are levied by government authorities on the owners of real estate properties. Property owners are required to pay taxes based on the assessed value of their properties, and these taxes are used to fund various public services and infrastructure. Property owners do not receive any direct goods or services in return for their tax payments, making property taxes an example of imposed nonexchange transactions.
In conclusion, property taxes are a prime illustration of imposed nonexchange transactions. They represent a financial obligation imposed by the government on property owners to fund public services and infrastructure, without a direct exchange of goods or services between the taxing authority and the taxpayer.
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Julie sets high goals for herself at work. She is more committed to reaching these goals than most employees. She is organized, works hard, and remains persistent in the face of obstacles to reaching her work goals. Julie would probably score high on a measure of
Answer:
conscientiousness.
Explanation:
A personality psychologist can be defined as an individual who is saddled with the responsibility of studying the emotions, behaviors, motives, and thought patterns of individuals and how these psychological subsystems affects their lives. This ultimately implies that, personality psychologist are much more interested in studying the individual differences in humans in relation to their psychology.
Conscientiousness is one of the Big Five trait of personality, amongst other traits such as agreeableness neuroticism, extraversion and openness. They are used to access the personality of a living organism, especially human beings.
In this scenario, Julie would probably score high on a measure of conscientiousness because she possesses the following attributes or qualities; organized, works hard, persistent, committed, etc.
An estimate determined by market research of how many people read a single issue of a publication, such as four readers per copy, is known as the
Answer:
Pass-along readership.
Explanation:
An estimate determined by market research of how many people read a single issue of a publication, such as four readers per copy, is known as the Pass-along readership.
Generally, the total audience of a publication such as a journal, newspaper, magazine etc is a sum total of its active, non-active subscribers and its pass-along readership.
Pass-along readership refers to a situation where a reader doesn't buy a publication themselves but reads it a copy of the publication when the buyer is done.
Sabrina, a member ,has been employed by Luca & Smith, CPA's for the past 10 years. During that time, Sabrina has worked on many of the firm's most complicated clients and projects. Sabrina is a member of the local Chamber of Commerce and the AICPA. Sabrina has decided to leave Luca & Smith, CPA's to start her own CPA practice. While the firm was sorry to hear about Sabrina's plans to leave ,there is no animosity between the parties. As part of the formation of her new firm, Sabrina is considering various forms of advertising, marketing ,and solicitation. Which of the following forms of advertising, marketing, and solicitation is acceptable in all cases?
0 Soliciting clients of her former firm by calling them three times a day for a month and guaranteeing that she will a better job.
0 Placing a yellow pages ad that states that Sabrina is a tax expert' if she, in fact, can demonstrate that she has expertise in the area as a result of education, training, or experience.
0 Using a marketing brochure that states: 'no other sole practitioner in the state has the tax knowledge that Sabrina has'.
0 Both a. and c. are acceptable.
According to the CPA professional code of conduct, it is to be noted that in the above scenario, the best form of advertising and marketing that Sabrina can use is "Placing a yellow pages ad that states that Sabrina is a tax expert' if she, in fact, can demonstrate that she has expertise in the area as a result of education, training, or experience." (Option B)
What does the CPA Code say about Advertising?A CPA may not engage in misleading and fraudulent advertising activities under the Advertising and Other Forms of Solicitation Rule of the AICPAs Code of Professional Conduct.
The CPA business should carefully consider the advantages of presenting its message to potential clients through advertising. Advertising is not sloppy; it is an excellent business.
The updated Code creates a conceptual framework for all professional accountants to assure compliance with the five key principles of ethics:
Integrity, Accountability, Transparency, and Accountability.Objectivity.Due Care and Professional CompetenceConfidentiality.Professionalism in Action.Learn more about CPA Code:
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Who would win Hawk Eye (Marvel) or The Green Arrow (DC)
Answer:
Buff animal crossing.
Explanation:
Answer:
Green Arrow
Explanation:
State 3 ways in which you may develop your knowledge of the product/service.
Explanation:
Offer hands-on experience. ...
Encourage conventional and creative information sources. ...
Provide opportunities to practice. ...
Use microlearning. ...
Focus on customer needs. ...
Provide consistent training. ...
Offer incentives. ...
Hold out-of-office training
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Why are so many Americans quitting their jobs recently?
Multiple factors. A lot of states with elevated quits are states with higher-than-average c*ovid cases, but a lot of it is due to work market stress