The accounts receivable turnover is a measure of how often, on average, a company collects its accounts receivable during a specific period of time. This is an important financial metric, as it indicates how effectively a company is managing its credit sales and collecting payments from its customers.
The accounts receivable turnover is calculated by dividing net credit sales by the average accounts receivable during the period. The formula for calculating accounts receivable turnover is:
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
For example, if a company has net credit sales of $500,000 and an average accounts receivable of $100,000, its accounts receivable turnover would be 5. This means that the company is collecting its accounts receivable 5 times during the period.
A higher accounts receivable turnover indicates that a company is more effective at collecting payments from its customers. Conversely, a lower accounts receivable turnover may suggest that a company is having difficulty collecting payments, which could be a sign of financial trouble.
It is important to note that the accounts receivable turnover is just one of many financial metrics that should be used to evaluate a company's financial health. It should be used in conjunction with other metrics, such as the current ratio and the quick ratio, to get a more complete picture of a company's financial health.
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Real Estate Question
A buyer is purchasing a property for $500,000. He has a down payment of $50,000 and is financing the rest. What's the amount of the loan origination fee if the lender charges one-and-a-half points? Please explain your work as well.
Answer Choices:
$5,000
$6,750
$750
$7,500
Answer:
Amount of the loan origination fee = $7,500
Explanation:
Given:
Purchase cost of house = $500,000
Down payment cost = $50,000
Lender charges point = 1.5 points[%]
Find:
Amount of the loan origination fee
Computation:
Amount of the loan origination fee = Purchase cost of house x Lender charges point
Amount of the loan origination fee = 500,000 x 1.5%
Amount of the loan origination fee = $7,500
PROFIT/LOSS = TOTAL REVENUE - TOTAL COSTS
lan set up a taxi firm one month ago. He has calculated that his total monthly revenue was £2400.
He has added his costs together for the first month and they came to £2800. However, he spent
£1000 on a car for the business that he will not need to spend again.
1) What was his profit/loss for the month?
For the month it was €
1
2) Next month, what will his profit/loss be?
3) List 2 things that could happen that would increase his costs?
Answer:
What's the question? :) I'm an econ major btw.
Explanation:
Jeremy is making a trail mix containing raisins and peanuts. Raisins cost $1. 50 per pound. Peanuts cost $2. 50 per pound. Jeremy spends $10. 50 to make 5 pounds of trail mix. He uses the table below to organize this information. A Table titled Trail Mix showing Pounds, Cost, and Total. The first row shows Raisins, with r, 150, and 1. 5 r. The second row shows Peanuts, with 5 minus r, 2. 50, and 2. 5 left-parenthesis 5 minus r right parenthesis. The last row shows Mixture, with 5, blank, and 10. 50. Which equation can Jeremy use to determine the amount of raisins in the trail mix? r 1. 50 = 1. 5r r (5 â€" r) = 5 1. 5r 2. 5(5 â€" r) = 10. 50 1. 5r 2. 5(5 â€" r) = 5.
The equation that Jeremy can use to determine the amount of raisins in the trail mix will be C. 1.5r + 2.5(5 - r) = 10.50
Let r = the amount of raisins
Let p = the amount of peanuts
The equation will be:
r + p = 5 ...... i
1.5r + 2.5p = 10.50
From equation i, p = 5 - r .. iii
Equation iii will be substituted into ii
1.5r + 2.5p = 10.50
1.5r + 2.5(5 - r) = 10.50
In conclusion, the correct option is C.
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3.) A special cereal mixture contains rice, wheat and corn in the ratio of
2:3:5. If a bag of the mixture contains 3 pounds of rice, how much corn
does it contain?
Answer:
7.5
Explanation:
Let R = rice.
Let W = wheat.
Let C = corn.
Let X = special cereal mixture
Given the following data;
Ratio of rice, wheat and corn = 2:3:5
Total quantity of rice = 3 pounds.
Ratio = 2 + 3 + 5 = 10
For rice;
2/10 * X = 3
Cross multiplying, we have;
2X = 30
X = 30/2 = 15
Therefore, the total quantity of the special cereal mixture is 15 pounds.
To find the total amount of corn;
C = 5/10 * 15
C = 75/10
C = 7.5 pounds.
Hence, the special cereal mixture contains 7.5 pounds of corn.
To find the total amount of wheat;
W = 3/10 * 15
W = 45/10
W = 4.5 pounds.
Check;
Special cereal mixture = rice + wheat + corn.
Special cereal mixture = 3 + 4.5 + 7.5
Special cereal mixture = 15 pounds.
Answer:
7.5 pounds of corn.
Explanation:
Rice=2x -> 3 pounds
Wheat=3x
Corn=5x
2x=3
x=1.5
5*1.5
=7.5
Suppose a company will issue new 20-year debt with a par value of $1,000 and a coupon rate of 8%, paid annually. The issue price will be $1,000. The tax rate is 35%. If the flotation cost is 2% of the issue proceeds, then what is the after-tax cost of debt? Disregard the tax shield from the amortization of flotation costs. Round your answer to two decimal places. % What if the flotation costs were 11% of the bond issue? Round your answer to two decimal places. %
Answer:
if the flotation costs were 2%, the after-tax cost of debt is 5.10%
if the flotation costs were 11%, the after-tax cost of debt is 4.63 %
Explanation:
After-tax cost of debt = Market Interest × ( 1 - tax rate)
Calculation of the Market Interest
Hint : Use the time value of money principles
Pv = -$1,000
Pmt = $1,000 × 8 % = $80
P/yr = 1
N = 20
Fv = $1,000
YTM = ?
Using a financial calculator, the market interest is 8%
After-tax cost of debt = Market Interest × ( 1 - tax rate)
= 0.08 × (1- 0.35)
= 0.052 or 5.20 %
If Flotation cost is 2%
Net Receipts after flotation cost = Cost × ( 1 - flotation rate)
= 5.20 % × (1-0.02)
= 5.096 % or 5.10% (two decimal places)
If Flotation cost is 11%
Net Receipts after flotation cost = Cost × ( 1 - flotation rate)
= 5.20 % × (1-0.11)
= 4.628 % or 4.63 % (two decimal places)
Tim and Rebecca just had a baby. They received money as baby gifts and want to put it away for the baby’s education. Which of the following is likely to have the highest growth over the next 18 years?
Tim and Rebecca just had a baby. They received money as baby gifts and want to put it away for the baby’s education. The stock has the highest growth over the next 18 years.
What does high-growth stock mean?Growth stocks are those businesses whose sales and earnings are anticipated to increase more quickly than the market as a whole. Growth stocks frequently have high P/E ratios and appear to be expensive, but if the company maintains its rapid growth, which will increase the share price, such valuations may actually be reasonable.
The first step in long-term financial planning for your child should be to either draught a will or make changes to the one you already have. Your will should specify what happens to your estate in addition to designating who will be your child's legal guardian in the event of your passing.
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an investment of $90 today is expected to return $110 in one year. the risk-free rate for one year is 4% and the risk premium for projects of equivalent risk is 6%. what is the project irr?
The annual risk-free rate is 4%, while the risk premium for projects with a similar level of risk is 6%. 22.22% is the project's IRR.
The internal rate of return (IRR), a statistic used in financial research, is used to determine the profitability of potential investments. IRR is a discount rate that brings all cash flows' net present values (NPV) to zero in a discounted cash flow analysis.
Since we use an annual discount rate to compute the IRR, there is only one IRR for each project even if the cash flows may vary.
Internal Rate of Return Calculation
C = Cash Flow at time t.
IRR = A decimal representation of the discount rate or internal rate of return.
t = time period.
Internal rate of return (IRR)
= $100/$90 - 1
= 22.22%
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what would be the best leadership strategy for a giver
Answer:
depends on the situation give me a strategy and ill give you why it would be the best
QUESTION 17 Using the following data, calculate the Apple's CFFA: Cashflow to creditors = 67
Dividend paid = 400
Net new equity = 347
O a. 680
O b. 320
O c. 120
O d. None of the above
The cash flow from assets (CFFA) for Apple is 14. none of the answer choice is d. None of the above.
The calculated cash flow to creditors is 67, the dividend paid is 400, and the net new equity is 347. Therefore, the cash flow from assets (CFFA) for Apple can be calculated as follows:
CFFA = Cash flow to creditors + Cash flow to shareholders
= Cash flow to creditors - Dividend paid + Net new equity
= 67 - 400 + 347
= 14
The cash flow from assets (CFFA) for Apple is 14.
To calculate the CFFA, we add the cash flow to creditors (67) and the net new equity (347), and then subtract the dividend paid (400). This formula takes into account the cash flows received from creditors, the cash flows paid to shareholders, and the net new equity raised. In this case, the resulting CFFA is 14. Therefore, none of the answer choices provided (a. 680, b. 320, c. 120, d. None of the above) match the calculated value.
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What are some trends that affect the work we do?
The trends that affect the work we do are: Automation, Cloud Computing, Digital Transformation, Agile Methodology, Artificial Intelligence.
What is trends?
Trends refer to a general direction or pattern of change in the way things are developing over time. Trends can be identified in any area including fashion, music, technology, business, politics, and many other aspects of life. Trend analysis is the process of collecting data in order to identify, monitor, and predict trends. This data can come from a variety of sources such as surveys, interviews, social media, and market research. By analyzing trends, businesses can better anticipate customer needs and preferences, allowing them to create products and services that meet those needs. Trend analysis also helps governments and organizations better understand public opinion and make decisions that will benefit their constituents.
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Louisa works in marketing. She works with several different areas of the company that employs her. Which task does Louisa have others perform?
A. Conducting meetings at a satellite office
B. Working on new marketing campaigns at home
C. Participating in teleconferences in her home office
D. Training other employees to use a computer
Answer:D
Explanation: so other employees have more experience and will be able to help around the office more
Answer:
The correct answer to your question is B. Working on new marketing campaigns at home.
Explanation:
Edge 2021:)
"free enterprise" and "________________" are terms for an economy based on private businesses competing for profits in open markets with minimal government regulations.
Answer:
entrepreneurship for them and
1. What are the three basic categories of consumer goods? Briefly explain each and clearly
differentiate among them
There are three main types of consumer goods: durable goods, nondurable goods, and services.
Durable goods are consumer goods that have a long-life span (e.g. 3+ years) and are used over time. Examples include bicycles and refrigerators. Nondurable goods are consumed in less than three years and have short lifespans. Examples of nondurable goods include food and drinks. Services include auto repairs and haircuts.
Consumer goods are also called finals good, or end product, because they are the ultimate output of a productive process that occurs over time.
Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Write any four reasons for the importance of pharmacist in medical science
True or false? when creating a budget to repay your student loans, you can save money by paying only the interest.
According to the budget office, Biden's plan to cancel student loans will cost $400 billion. The Congressional Budget Office stated in a report that the cost of the White House's student loan forgiveness plan is an estimate over a 30-year period and will increase the nation's deficit.
Explain about the budget to repay student loans?
Paying more than the required minimum each month is the most effective approach to pay off student debt. The more you put toward your debts, the more you'll save on interest and the faster the sum will be paid off. Use a student loan payoff calculator to determine how quickly you might pay off your debt and how much you would save on interest.
To save money, you can pay your student loans with interest alone. Making these payments prior to graduating, or while deferring repayment, can prevent the addition of thousands of dollars in interest to the balance of your loan.
Since you'll be paying less interest, paying off your private or federal loans early can help you save thousands of dollars over the course of your loan. If you do have high-interest debt, refinancing it will make your money work harder for you.
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ccording to _____, location-specific advantages are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.Multiple Choicea. the infant industry argumentb. market imperfections theoryc. internalization theoryd. the eclectic paradigme. Knickerbocker's theory
According to the eclectic paradigm, location-specific advantages are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.
A hypothesis called the eclectic paradigm explains why foreign direct investment occurs by taking three things into account, which are ownership benefits, location-specific advantages, and internalization advantages. One of the primary components of this paradigm are the location-specific advantages. They discuss the distinctive resources, capacities, and benefits that a specific place provides to international investors. These benefits may include characteristics like access to markets, infrastructure, skilled personnel, advantageous regulations, and natural resources.
Employment of this method ensures that if a site offers location-specific advantages which are not offered in their home nation or in other potential locations, foreign investors are more likely to invest there. A foreign investor can reduce costs, boost productivity, and gain a competitive edge in the local market by taking use of location-specific advantages.
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a company sells two products. product a sales total $28,000 and product b sales total $12,000. total contribution margin is $18,000 for product a and $9,000 for product b. the weighted average contribution margin ratio is
The weighted average contribution margin ratio is 67.5 %
How to solve= total contribution margin / total sales revenue
=(18000 + 9000) / ( 28000 + 12000)
= 27000/ 40000
=0.675 x 100
= 67.5 %
The weighted average contribution margin ratio is a financial metric used to calculate the overall profitability of a company's product or service offerings.
Contribution margin is the difference between a company's revenue and variable costs, which are the costs directly associated with producing or providing the product or service. The contribution margin ratio is the contribution margin expressed as a percentage of revenue.
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Why are wages and salaries generally determined by the market for labor?
According to maximum economics textbooks, our wages and salaries are decided similar to another price: with the aid of using deliver and call for. People deliver their labor, and organizations call for it, growing a marketplace for labor.
Many dealers and shoppers of exertions services. Consequently, salary and salaries are decided by the intersection of the call for exertions and the deliver for exertions. A curve displaying the one-of-a-kind portions of exertions employers are inclined to lease at one-of-a-kind salary quotes in a given time period, ceteris paribus.
Wages are determined via way of means of deliver and demand, however they may be encouraged via way of means of an extensive kind of factors, along with the price of dwelling in a selected area, the presence of a union and the present-day minimal wage.
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the essence of business is
Answer: To satisfy Customer demand
Explanation:
Businesses are created in order to satisfy the demand of customers and make a profit whilst doing so. It involves finding out what the customer wants and then finding a way to satisfy that want.
It is also important to go beyond what the customers want to what they might want as well. This is what gives businesses the edge because in satisfying needs that the customer did not even know they wanted, the business can retain that customer and even gain others as well.
I did my homework on the landlord and found out he has a lot of complaints against him from former renters. He never repairs problems in apartments and never gives deposits back without a fight.
Answer:
this is seriously not the app for this...sorry
a project that will last for 9 years is expected to have equal annual cash flows of $98,200. if the required return is 7.7 percent, what maximum initial investment would make the project acceptable?
The maximum initial investment that would make the project acceptable is calculated to be $621,171.53
The maximum initial investment can be considered to be the present value of the future cash flow.
The present value of annual cash flow can be calculated by using the following formula;
Present Value of annual cash flow = Annual Cash flows × Present value of annuity of 1
The present value of annuity of 1 can be calculated as follows;
Present value of annuity of 1 = [1-(1+i)^-n]÷i
Here i represents the required return which is 7.7% and n represents the number of years which is 9, therefore substituting these values as follows;
Present value of annuity of 1 = [1-(1+0.077)^-9]÷0.077
Present value of annuity of 1 = [1-(1.077)^-9]÷0.077
Present value of annuity of 1 = 6.32557567
Now substituting this Present value of annuity of 1 in the equation;
Present Value of annual cash flow = Annual Cash flows × Present value of annuity of 1
Present Value of annual cash flow = $98,200 × 6.32557567
Present Value of annual cash flow = $621,171.53
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People are willing to pay a higher price if they believe that supplies are
A. fluctuating
B. endless
C. increasing
D. limited
Answer:
D.Limited
Explanation:
Suppose that supply and demand are given by the following equations: Qd= 25- 4P
Qs= -3 + 3P
At the equilibrium price what is the producer surplus? a. 8.5 b. 15 c. 13.5 d. 16.5
The producer surplus at the equilibrium price is 13.5 (Option c).To find the equilibrium price, we need to set the quantity demanded (Qd) equal to the quantity supplied (Qs).
25 - 4P = -3 + 3P
Now, we can solve for the equilibrium price (P):
7P = 28
P = 4
Now that we have the equilibrium price, we can find the equilibrium quantity by plugging P back into either the Qd or Qs equation:
Qd = 25 - 4(4) = 9
Qs = -3 + 3(4) = 9
At the equilibrium, both Qd and Qs are 9. To find the producer surplus, we need to calculate the difference between the revenue earned at the equilibrium price and the minimum amount required to cover the cost of production. We can find this by identifying the price where Qs is 0:
0 = -3 + 3P
P = 1
At this price, producers are just covering their costs. Now we can find the producer surplus using the area of a triangle formula (1/2 x base x height):
Producer Surplus = (1/2) x (4 - 1) x 9
Producer Surplus = (1/2) x 3 x 9
Producer Surplus = 13.5
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In an obligation to deliver a determinate thing, what degree of diligence shall be exercised by the obligator or debtor in the preservation of the determinate thing?
a. Extraordinary diligence unless the law or the stipulation of the parties requires another standard of care.
b. Diligence of a father of a good family unless the law or the stipulation of the parties requires another standard of care.
c. Diligence of a good father of family or ordinary diligence or diligence of a reasonably prudent person unless the law or the stipulation of the parties requires another standard of care.
d. No diligence unless the law or the stipulation of the parties requires another standard of care.
Delivering all of an item's attachments and accessories, even if they weren't specifically named, is part of the obligation to offer a specific product. a lively subject degree of diligence shall be exercised by the obligator or debtor in the preservation
How does diligence in a contract apply?When someone harms another through an act or omission, there is fault or negligence, and this is the basis for an obligation. If the contract or law does not specify the level of care that must be taken to fulfill the obligation.
Which duty must be met once someone passes away?A periodical obligation is one that is demandable upon the passing of a person. True The requirement not to undertake an impossibility shall be deemed to have been not agreed upon.
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Pricing approaches that consider the production and marketing costs and then add enough to cover direct expenses, overhead, and profit are Blank______ approaches
Answer:cost oriented
Explanation:
Cost-oriented pricing strategies include direct costs, overhead, and profit before taking into account the costs of production and marketing.
What are the strategies?A plan outlines the ways by which the outcomes (goals) will be accomplished (resources). Strategy can be predetermined or it can develop organically when an organization competes or changes its surroundings. It entails tasks like strategic planning and strategic thought.
A strategy is "a plan of action designed to attain a long-term or overall purpose," according to the Oxford Dictionary. The practice of organizing and controlling all military actions and movements during a conflict or combat.
A strategy describes the long-term objectives of a company and how it intends to achieve them. In other words, it demonstrates the route to take in order to realize the stated goal. A tactic is a precise action that is used to accomplish a goal in accordance with a strategy.
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"making planning in itself is not sufficient."what is the requirement for the business to be successful.
Answer:
organization
Explanation:
if you are organized then you will have smoother and cleaner place to work in
Answer:
Do what you think, one day you will surely succeed.
1. A manager receives a forecast for next year. Demand is projected to be 600 units for the first half of the year and 900 units for the second half. The monthly holding cost is $2 per unit, and it costs an estimated $55 to process an order.
A. Assuming that monthly demand will be level during each of the six-month periods covered by the forecast (e.g., 100 per month for each of the first six months), determine an order size that will minimize the sum of ordering and carrying costs for each of the six-month period.
B. Why is it important to be able to assume that demand will be level during each six-month period?
Note the EOQ assumption that "the demand rate is reasonably constant" does not necessarily require that the demand rate is constant across the entire year. In this problem we have a certain demand rate that will be fairly constant across the first six months of the year, and some (different) demand rate that will be fairly constant across the second six months of the year. In this case, you actually have two EOQ problems (1) solve for the order quantity that should be used during the first six months of the year, and (2) solve for the order quantity that should be used during the second six months of the year.
With a proper understanding of EOQ, businesses can avoid the costs associated with overstocking or stock shortages.
A manager receives a forecast for next year. Demand is projected to be 600 units for the first half of the year and 900 units for the second half. The monthly holding cost is $2 per unit, and it costs an estimated $55 to process an order.A. EOQ equation is expressed as (2AD / C^0.5) and the other equation for total cost is expressed as [(AD) / Q]C + (Q / 2)H. Let us start with the order quantity that will minimize the sum of ordering and carrying costs for the first six months of the year:First Six Months of the Year:Annual demand for the first six months = 6 x 600 = 3600 unitsOrder size = √(2AD / C) = √(2 x 3600 x 55 / 2) = √198000 = 445.041 (say 445 units)
The total number of orders that will be placed during the first six months of the year will be:No of orders = 3600 / 445 = 8.09 (say 8 orders)Carrying cost = (Q / 2)H = (445 / 2) x 2 = $445Ordering cost = (AD / Q)C = (3600 x 55 / 445) x 1 = $447.19Total cost = $445 + $447.19 = $892.19Total cost for the first six months of the year will be $892.19.B. The assumption that the demand rate will remain constant during each six-month period is important for the determination of the EOQ (economic order quantity).If the assumption is not satisfied, then the EOQ for the entire year cannot be determined. In that case, separate EOQ models should be constructed for each individual period with reasonably constant demand.
The EOQ model can be used as a basis for inventory management, allowing companies to maintain an appropriate inventory level at a minimal cost. With a proper understanding of EOQ, businesses can avoid the costs associated with overstocking or stock shortages.
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does qualified nonrecourse debt increase tax basis?
Yes, qualified nonrecourse debt can increase tax basis.
Tax basis refers to the owner's investment in a property for tax purposes. It is used to calculate various tax-related matters such as gain or loss on the sale of the property and depreciation deductions.
When a property is purchased using qualified nonrecourse debt, the debt is considered part of the owner's investment in the property.
Qualified nonrecourse debt is a type of debt for which the lender's only recourse in case of default is to foreclose on the property securing the debt. It is typically used in real estate transactions.
When an owner acquires a property using qualified nonrecourse debt, the amount of the debt is added to the owner's tax basis in the property.
The tax basis is increased because the owner is considered to have made an investment equal to the amount of the qualified nonrecourse debt.
This increased tax basis can have implications for various tax calculations, such as determining the owner's basis for depreciation deductions or the calculation of gain or loss when the property is sold.
It's important to note that the specific rules and treatment of qualified nonrecourse debt may vary depending on the tax jurisdiction.
It is recommended to consult a tax professional for specific guidance and advice related to your situation.
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the authors suggest that privacy is given away in order to receive some benefit. give some examples of this tradeoff.
The writers made a really good point about our willingness to endure losing our privacy since social and technological development have coexisted.
Given this, it is easy to see why we have been so hesitant to demand changes in the quantity of information that organizations and the government have gathered about us. Every facet of our social and cultural life illustrates how keen we are to compromise our privacy for efficiency, practicality, and the outward image of preserving national security. As an illustration, we essentially offer our whole database of personal information to phone companies.
All of these things are done so that we can unlock our phone or download apps a little bit faster: credit card, email, fingerprint, name, and address. Another illustration is the ability to see your online bank statements to see what you have bought. Banks are able to save all of the information about your purchases, including where you made them. And even though the majority of people don't like the idea of having to strip off in an airport and have all of their personal belongings scrutinized each time they fly, we nevertheless accept and convince ourselves that this practice keeps us safer from terrorism.
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