Answer:
a. 12 times
b. 30.42 days
Explanation:
Data provided in the question
Sales = $4,560,000
Average account receivable = $380,000
So, The computation is shown below:
a. Account receivable turnover ratio is
= Sales ÷ average account receivable (net)
= $4,560,000 ÷ $380,000
= 12 times
b. Now the number of days sales in receivable is
= Total number of days in a year ÷ account receivable turnover ratio
= 365 days ÷ 12 times
= 30.42 days
Answer:
A
Explanation:
It's the most resonable
B focues on a different career cluster
Answer:
The correct answer is letter "A": Shareholders who are risk averse may prefer some dividends over the promise of future capital gains.
Explanation:
A dividend is a cash distribution by a company to its shareholders out of the profits of a period. Capital Gain refers to the increase in the value of a capital asset or an investment upon sale. From the two of them, dividends are safer investments since they do not rely exclusively on the sales of an asset.
Thus, a conservative investor is likely to choose dividends over the promise of capital gains.
Answer:
Bad debt expenses $ 12,080
Allowance for doubtful accounts $ 12,080
Explanation:
Accounts 4% of AR
That is $362,000 x 4% = $14,480 expected allowance.
The current balance = 2400 credit
<u>Journal entry:</u>
Debit Credit
Bad debt expenses [(362,000 x 4%) - 2400] $12,080
$12,080
(To record bad debt expense)
Answer:
c) The more CDs Jamila buys, the less money she has in her bank account.
Explanation:
A hypothesis is an assumption of relationship between two or more variables.
Sociological hypothesis is an assumption that one human behaviour will influence another.
Let's take each of the options.
a) The more study halls students are given during the school day, the worse they perform on their tests.
Implies that the action of giving more study hall caused a decline in performance in tests (behavioural).
b) The longer an inmate spends in prison, the more difficult it is for him to adapt to the outside world.
Implies that when an inmate stays longer in prison behavioural ability to adapt to the outside work declines (behavioural).
c) The more CDs Jamila buys, the less money she has in her bank account.
Does not involve assumptions about behaviour, just a financial fact that the more CDs Jamila buys her money will reduce.