Powers company reported net sales of 1280000, average accounts receivable, net of 70500 and income of 54425. The accounts receivable turnover ratio is:
Answers
If Powers Corporation had net sales of $1,280,000, an average receivables, net of $70,500, a net income of $54,425 the customers receivable turnover proportion account be 18.14.
$1,280,000/$70,500 = 18.14.
Accounting has three types of accounts. Accounting has his three types of accounts:
Real, personal, titular. Real money accounts are then divided into two subcategories.
Intangible physical accounts and tangible physical accounts. Natural, representative, and artificial are his three other subtypes of personal accounts.
Net credit sales are calculated by subtracting credit sales returns and value adjustments from gross sales.
We assume zero credit sales returns or value adjustments as no information has been provided on this. For this:
$1,280,000 equals net credit sales.
A typical accounts receivable calculation is:
Average demand is equal (initial demand + final demand).
Dividing the net loan turnover ratio by the average amount borrowed gives the accounts receivable turnover ratio.
Accounts receivable revenue is $1,280,000 divided by $75,000.
18.14 is the accounts receivable turnover ratio.
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Related Questions
Controlling total health care expenditures by restricting financing for health insurance.
a) Underwriting
b) Demand-side rationing
c) Top-down control
d) Underutilization
Answers
Controlling total health care expenditures by restricting financing for health insurance is typically associated with: b) Demand-side rationing
Demand-side rationing refers to measures aimed at controlling health care costs by limiting the financial resources available to individuals for accessing health services. In this context, restricting financing for health insurance means placing limitations on the coverage and benefits provided by health insurance plans. This approach aims to reduce overall health care spending by placing financial constraints on consumers and encouraging them to be more selective in their utilization of health care services.
Underwriting, on the other hand, refers to the process of assessing and evaluating the risk of providing insurance coverage to individuals or groups based on their health status, medical history, and other relevant factors. Underwriting is not directly related to controlling total health care expenditures through restrictions on financing.
Top-down control refers to centralized decision-making and management of health care resources, where decisions are made at the organizational or governmental level. While it may involve some form of cost control, it is not specific to restricting financing for health insurance.
Underutilization refers to the underutilization of health care services by individuals, either due to limited access, financial constraints, or personal choices. While restricting financing for health insurance may lead to underutilization in some cases, it is not the direct term used to describe this phenomenon.
Therefore, option b) Demand-side rationing is the most appropriate choice for controlling total health care expenditures by restricting financing for health insurance.
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Prompt What is an economy?
Answers
Answer:
An economy is the large set of inter-related production and consumption activities that aid in determining how scarce resources are allocated.
Who are the majority of businesses in resort towns targeted to?
O
seniors
O
tourists
O
employees
investors
Answers
The majority of businesses in resort towns target tourists.
Who is the luxury hotel industry's target customer?As you can see, a wide range of people from across all walks of life who are prepared to pay a little extra for the luxury hotel experience makes up the target audience for luxury hotels.
What advantages come from forming and focusing on prospect groups?Overall, specialization is the main advantage of identifying and pursuing niche markets. Finding more wealthy guests who will gush about your hotel will be easier if you can be more precise with your market segmentation.
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What are the three basic levels of food service employees?
A
Beginning, intermediate, and advanced
B
Entry, skilled, and supervisory
с
Novice, trainee, and professional
D
Assistant, apprentice, and master
Answers
Answer:
entry,skilled, and supervisory
Explanation:
these job categories are entry level
The three basic levels of food service employees are: B
Entry, skilled, and supervisory.
The Entry-level is the lowest level, requiring no little education or training. Those at this level mainly engage in serving the customers, cleaning dishes, and undertaking some other menial jobs within the food-service chain.
Above the entry-level is the skilled-level. Skilled-level employees include chefs, bakers, and other culinary specialists, who require some years of training and education to be certified as qualified professionals.
The last in the basic level of food service employees are those who supervise both the entry-level and skilled-level personnel. At this level, supervisors require managerial attributes, soft skills, and leadership to maintain the relationships between the lower-level employees and the senior (strategic) managers.
Thus, there are three basic levels of food service employees starting with entry, skilled, and supervisory levels.
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On January 1, 2017, Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals $1,800,000.
What is the amount of goodwill that Robinson records at the purchase date?
Explain how Robinson would determine the amount of goodwill amortization for the year ended December 31, 2017.
Robinson Company believes that its employees provide superior customer service, and through their efforts, Robinson Company believes it has created $900,000 of goodwill. How would Robinson Company record this goodwill?
Answers
On January 1, 2017, Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals$1,800,000. Thus the amount of goodwill that Robinson records at the purchase date is $700,000.
What is the calculation?Step 1
Given that the entire Franklin Company was purchased by Robinson Company, goodwill should be recorded.
To solve for the purchased goodwill, we have
Goodwill= Purchase price of the company−Market value of the individual net assets
=$2,500,000−$1,800,000
= $700,000
Thus, the purchased goodwill is valued at $700,000.
Step 2
Goodwill is recorded as an asset and is not amortized, thus there will be no amount for goodwill amortization for year ended December 31, 2017. Instead, goodwill is tested for impairment annually.
Step 3
Goodwill is recorded only when it is acquired upon purchase. In this case, since goodwill is based solely on the employees' efforts of providing superior customer service, Robinson Company should not record it.
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What are some advantages of promoting products using technology?:
Answers
Answer:
They get the word out faster
They can buy it from their homes, therefore increasing sales
They see it from everywhere
Explanation:
Answer:
Using technology to promote products allows you to reach a bigger audience in less time which is a major advantage.
Which example shows the REFORM component of FDR's New Deal?
Question 16 options:
A. The Securities and Exchange Commission(SEC)â€"to prevent another stock market crash by more government control/regulation in stock transactions.
B. Public Works Administration(PWA)â€"created jobs for projects like building roads, bridges, and dams
C. The Federal Deposit Insurance Corporation(FDIC)â€"regain public confidence in bank by insuring individual bank accounts up to $5000.
D. All of these
Answers
The Securities and Exchange Commission (SEC), which was established to increase government oversight and regulation of stock transactions in order to prevent another stock market catastrophe, was one of the various elements of FDR's New Deal.
Reform is a part of the New Deal
Their goal was to determine the causes of the stock market crash.
It was designed to address such issues and make sure a similar disaster wouldn't occur again.
The SEC was established to regulate the American stock markets in order to prevent another devastating crisis like the one that occurred in 1929. Hence, this was a component of reform.
So, the option A is example shows the REFORM component of FDR's New Deal.
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If firms increase investment, the aggregate expenditures function will shift downward, other things being equal. T/F
Answers
This statement is false. If firms increase investment, it will increase the aggregate expenditures (AE) function, which represents the total spending in an economy.
The AE function is the sum of consumption, investment, government spending, and net exports. Investment is one of the components of AE, and an increase in investment will cause an upward shift of the AE function, meaning there will be an increase in total spending in the economy. The aggregate expenditures function is an important concept in macroeconomics, as it helps to explain how changes in spending affect the level of output and employment in an economy. By understanding the relationship between the different components of the AE function, policymakers can use various tools, such as monetary and fiscal policy, to stabilize the economy and promote long-term growth.
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The coordinates of point T are (0,5). The midpoint of is (6,-4). Find the coordinates of point S.
Answers
Answer:
Point S is at (10,-11) :)
Explanation:
QuickMovers limits the size of the packages it delivers to 75 pounds. This is
an example of what type of requirement?
O A. Internal
O B. Voluntary
O C. Government
O D. External
Answers
(If I’m right) mark as brainliest
Answer:
internal
Explanation:
i took the test
WILL MARK BRAINLIEST!
Which of the following professionals is most closely associated with a company’s reputation?
-Public relations specialists
-Market research analysts
-Art directors
-Advertising, promotions, and marketing managers
Answers
Answer:
Public relations specialists
Explanation:
Public relations specialists refer to individuals who develop and maintain the public image i.e. favorable for the company in which they present. Here the perception of the organization should be shape aslo it would be increase the awareness towards the work and goals
Therefore according to the given situation, the professional that is closely linked with the reputation of the company is public relations specialist
What are the factors of a command economy?
Answers
Basically, there are Five Signs that a Country Has a Command Economy.
Give specifics regarding Command Economy.Different sorts of economies exist. The central authority has the final say on all economic choices in a command economy. Either the state or a group is the owner of the land and the means of production.
Five Indicators a Nation Has a Command Economy:
The government develops a comprehensive economic strategy.
All resources are allocated by the government in line with the overall plan.
All goods and services have their production priority determined by the central plan.
Government agencies hold monopoly companies.
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If you could replace all of the grass in the world with something else, what would it be and why?
Answers
Answer:
I would replace it with cannabis, everyone is happier when there is green :)
Explanation:
Answer:
I would replace it with oil because oil is a rare resource
Explanation:
Which statements are TRUE about the "red herring" preliminary prospectus?
a. it is used to solicit indications of interest
b. it use terminates when the 20-day cooling off period expires
c. it contains the final offering price of the issue
d. it is not considered to be an "offer" of the issue
Answers
Answer:,ds bkw cd jlb
Explanation:
kn dwcwe
Options (a), (b), and (d) are correct about the "red herring" preliminary prospectus.
What is a "red herring" preliminary prospectus?A red herring is a preliminary prospectus filed with the Securities and Exchange Commission (SEC), usually in connection with an initial public offering (IPO), that omits essential data about the offering, such as the price and quantity of shares issued.
During the 20-day cooling-off period, the red herring is utilized to elicit indicators of interest.
It is not an offer to sell; only the final prospectus, which is available as of the effective date, can be used to do so.
The ultimate offering price is not included in the "red herring." There is no price or only an estimate on the front cover.
The exact pricing isn't determined until the day before the effective date.
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The coursework taken at a _____ is focused on specific career skills and trades and does not generally require further academic studies.
vocational school
private school
university
college
Answers
Answer:
Vocational school
Explanation:
Edge 2021
which statement best explains the relationship between points A and B?
Answers
Which of the following is NOT one of the 5 major flows in any supply chain?
Product flow
Financial flow
Cash flow
Risk flow
Answers
Answer:cash flow
Explanation: the 5 are product flow, financial flow, information flow, value flow & risk flow.
Katherine explains that she did tell the truth and that there was not available funding for employee wage increases. Alisa most likely decoded Katherine's explanation in what way?
Answers
Answer:
Katherine was lying and/or hiding something
Explanation:
Alisa most likely decoded Katherine's explanation in such a way that she believed Katherine was lying and/or hiding something. This is because based on psychological studies, individuals tend to state that they are "telling the truth" and yet still provide no actual proof when they are lying. In this scenario, Katherine simply states that she is "telling the truth" but has not shown Alisa any financial reports or other valuable data that proves that there was not enough funding, which would be easy to provide if they actually existed.
Garry called in a food order to feed his sales team. when he arrived to pick up, it was not what he ordered. the store associate quickly made it right, and offered a substantial discount to make up for the mistake. there was no need to check with the supervisor, and garry was satisfied with the result. what aspect of good customer service was in place
Answers
The aspect of good customer service that was in place is employee empowerment.
How does employee empowerment help customer service?When employees are sufficiently empowered to make decisions on their own, they can act faster to remedy issues arising with customers.
This is what happened with the store associate. Because they had to power to deal with Garry's issue fast, there was no need to involve management and the issue was dealt with.
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standard oil company was the empire of which business mogul?
Answers
some electronic equipment is packaged for shipping with a small packet of drying material. you are interested in finding out whether the electronic equipment was exposed to moisture during shipping. how could you determine this?
Answers
When packaging an electronic system, protection against mechanical harm, cooling, radio frequency noise emission, and electrostatic discharge must all be taken into account. Specific characteristics of a consumer product may be required by product safety requirements.
What materials are used in electronic packaging?Solid metal blocks, often made of aluminum, are occasionally machined into intricate forms to create electronic packages. They are frequently used in microwave assemblies for aerospace applications where precise metal forms are necessary for transmission lines.
What does an engineer in electronic packaging do?Electronic packaging experts conduct assessments as part of the design of electronic devices to determine things like maximum component temperatures, structural resonant frequencies, and dynamic stresses and deflections in the worst-case scenarios.
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a company that manufactures light bulbs uses both capital (c) and labor (l) in its production process. it's trying to maximize its profit, and can produce any number of light bulbs it wants to. currently, for the last unit of labor used, the mrp(l) is $18 and the p(l) is $6. for the last unit of capital used, the mrp(c) is $5 and the p(c) is $10. in order to become more profitable, which is true?
Answers
It is obvious that a rise in MP(L) boosts employment as well as salaries. Therefore, its mrp (l) = $18 as well as the p(l) = $6 for the final unit of labour used.
Describe MRP through an example.A system called material requirements planning (MRP) determines the materials and parts required to make a certain product. This consists of three major steps: listing the components and materials already present, deciding which more are required, and then planning for their manufacture or acquisition.
How is the MRP chosen?A high selling price is defined by the Indian Consumer Products Act, 2006, as the price that the item must be sold in the consumer stores. This price must include all applicable taxes. The rule creates MRP labels must be printed by manufacturers on consumer products packaging.
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Which are major situational considerations or variables in determining whether or not to involve a group in the decision-making process? Select all that apply. Complexity of the problem Time constraints Organizational complexity Availability of information
Answers
Answer:
The correct answer will be Option B "Organizational complexity ".
Explanation:
A Complex organization does indeed have a broader organizational structure or even more personnel in each group, mission, or team. Complexity can sometimes be susceptible to multiple actors, various organizational structures, as well as different service will be produced that would need to be implemented.The other given choices are not related to the given scenario. So that the above would be the appropriate choice.
The number of seats a table can have is usually expressed as the number and the word "top". You can have 17, 4-top tables, 28, 2-top tables, 15, 6-top tables and 5, 10-top tables. How many can your restaurant seat?
A) 244 seats
B) 264 seats
C) 288 seats
D) None of the above
Answers
Answer:
B) 264 seats
Explanation:
'Top' is the number of seats per table.
17 tables with 4 seats will have
17 x 4 = 68 people
28 2-top tables
28 x 2 =56 seats
15, 6-top tables
15 x 6 =90 seats
5, 10-top tables.
5x10 = 50 seats
Total number of people who can seat
= 68 + 56 +90 +50
=264 seats
According to the unit, what percentage of shoppers used a coupon in 2012?
A. 78%
B. 85%
C. 93%
D. 100%
Answers
today's world, 96% of consumers have used a coupon in the past 90 days. JC Penney tried to break consumers of the coupon habit in 2012 and quickly saw a 23% drop in sales for the first three quarters of 2012. If JC Penney couldn't change people's shopping behavior, you probably can't either.n: so i guess its c
Answer:
78%
Explanation:
I take nutrition and wellness, and this was the correct answer for me. Just took the test as well :P
A term for the top most point of the wave is the
Answers
The topmost point of the wave from the normal position is called the crest. The bottom most point is called the trough.
Which of the following statements is true? a) The GDP deflator calculates inflation using the current production basket while the CPI uses a fixed production basket. b) The rate of change of the GDP deflator indicates real GDP growth because it is based on current production in the economy. c) Changes in nominal GDP are the same as changes in the CPI because both capture changes in the cost of living. d) The GDP deflator calculates inflation using the current production basket while the CPI uses a fixed consumption basket. e) The GDP deflator is in real terms while the CPI is in nominal terms.
Answers
The correct statement is:The GDP deflator calculates inflation using the current production basket while the CPI uses a fixed consumption basket. The correct answer is option (d).
The GDP deflator and the Consumer Price Index (CPI) are both measures of inflation, but they differ in terms of the baskets of goods and services they use. The GDP deflator reflects the overall price level in the economy and measures inflation based on the current production basket. It includes all goods and services produced domestically, whether consumed by households, businesses, or the government. It captures changes in prices of both consumption and investment goods.
On the other hand, the CPI is specifically designed to measure changes in the cost of living for households. It uses a fixed consumption basket, which represents the goods and services typically purchased by a specific group of consumers. Therefore, the statement that the GDP deflator calculates inflation using the current production basket while the CPI uses a fixed consumption basket is accurate and correctly describes the difference between the two measures of inflation. Hence option (d) is the correct answer.
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Which of the following is a positive externality?
Answers
Answer:
Research and development (R&D) conducted by a company can be a positive externality. R&D increases the private profits of a company but also has the added benefit of increasing the general level of knowledge within a society. Similarly, the emphasis on education is also a positive externality.
Explanation:
Choosing a beautiful design for a building will give benefits to everybody in society. Education or learning new skills. With better education, you are more productive and can gain more skills. But, also the rest of society benefits from your new skills
An example of a job that involves working mainly with receipts and bills is a(n):
A. Pediatrician
B.Reporter
C.Bookkeeper
D. Child-care Worker
Answers
Widgets, Inc. makes a $300 on Widhets, Inc. makes a $300 account sale to Custom Motors. How is the sale recorded in the Accounts Receivable subsidiary ledger?
A. It is recorded upon payment
B. as $300 payment
C. as $300 credit
D. as $300 debit