B. similar results can be obtained if the study were to be repeated. Researchers employ various research methodologies such as qualitative, quantitative, or mixed methods, depending on the nature of their research questions and objectives.
Emic validity refers to the extent to which research findings are valid within the specific cultural, social, or contextual setting being studied. To establish emic validity, it is important to demonstrate that similar results can be obtained if the study were to be replicated. This helps ensure that the findings are not specific to the particular study or sample, but rather have generalizability within the given context. By replicating the study and obtaining similar results, researchers can strengthen the validity and reliability of their findings, providing evidence of the robustness and consistency of their research. Researchers are individuals who engage in systematic investigation and study to expand knowledge and understanding in various fields of inquiry. They play a crucial role in advancing scientific, academic, and practical knowledge through the application of research methods and techniques.
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MSM Inc. has 200,000 shares of common stock outstanding and 50,000 shares of preferred stock outstanding. During 2023 the firm had sales of $1,000,000, cost of goods sold equal to 40% of sales, operating expenses of $400,000, Interest expense of $40,000 and an income tax rate of 30%. Calculate net income after tax and earnings per share as it would be reported on the firm's income statement. You don't have to prepare a formal income statement. Net Income after tax EPS (carry to the cents level).
The net income after tax for MSM Inc. is $252,000. The earnings per share (EPS) is $1.26.
Explanation:
To calculate the net income after tax and earnings per share, we need to consider the different components of the income statement.
1. Calculate the gross profit by subtracting the cost of goods sold from sales:
Gross profit = Sales - Cost of goods sold
Gross profit = $1,000,000 - (40% * $1,000,000)
Gross profit = $1,000,000 - $400,000
Gross profit = $600,000
2. Calculate the operating profit by subtracting operating expenses from the gross profit:
Operating profit = Gross profit - Operating expenses
Operating profit = $600,000 - $400,000
Operating profit = $200,000
3. Calculate the earnings before interest and taxes (EBIT) by subtracting interest expenses from the operating profit:
EBIT = Operating profit - Interest expenses
EBIT = $200,000 - $40,000
EBIT = $160,000
4. Calculate the income before tax by multiplying EBIT by (1 - tax rate):
Income before tax = EBIT * (1 - tax rate)
Income before tax = $160,000 * (1 - 0.30)
Income before tax = $160,000 * 0.70
Income before tax = $112,000
5. Calculate the net income after tax by subtracting the income tax from the income before tax:
Net income after tax = Income before tax - (Income before tax * tax rate)
Net income after tax = $112,000 - ($112,000 * 0.30)
Net income after tax = $112,000 - $33,600
Net income after tax = $78,400
6. Calculate the earnings per share (EPS) by dividing the net income after tax by the total number of shares outstanding:
Total shares outstanding = Number of common shares + Number of preferred shares
Total shares outstanding = 200,000 + 50,000
Total shares outstanding = 250,000
EPS = Net income after tax / Total shares outstanding
EPS = $78,400 / 250,000
EPS = $0.3136
Therefore, the net income after tax is $78,400 and the earnings per share is $0.3136 (carry to the cents level).
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Research ________ are specific, measurable goals the decision maker seeks to achieve in conducting the marketing research
Research objectives are specific, measurable goals the decision maker seeks to achieve in conducting the marketing research.
Explanation:Marketing research serves marketing management by providing information which is relevant to decision-making. Marketing research does not itself make the decisions, nor does it guarantee success. Rather, marketing research helps to reduce the uncertainty surrounding the decisions to be made.
Where do you report a stolen credit card to efta standards or pci standards
A merchant's PCI DSS compliance can be confirmed using the PCI Report on Compliance. The PCI DSS's standards and procedures were created to increase the security of credit card-based transactions and safeguard cardholder data from fraud and other unauthorized uses of their personal data.
To protect cardholders' private information and boost the security of transactions involving credit, debit, and cash cards, the Payment credit card Industry Data Security Standard (PCI DSS) is a well-known set of rules. PCI Compliance is NOT a one-time project but an ongoing practise. Merchants (the Business Owner) are in charge of overseeing the finances of their company's activities.
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Name and briefly describe the quantitative methods of control (ABM)
Mathematical and statistical techniques are the two main categories of quantitative management methods.
What is quantitative management?Computers and mathematical methods are used in quantitative management to sort through financial statistics and choose stocks. Managers use previous quantitative linkages they have observed to inform "models" that aid in stock selection.
Screening is the process of examining historical information on businesses using a computer. A quantitative manager may develop a program to screen 2,000 stocks based on a specific set of traits or criteria.
The manager might prove, for instance, that historically, stocks with low price-to-earnings ratios and rapid earnings growth during the previous two years outperformed the market the following year.
The simplicity of using a model once it is established is the obvious advantage. Given the constantly shifting landscape of the financial markets, developing the model is the challenging aspect.
It might be challenging to incorporate enough adaptability into a model in quantitative management without adding too many additional variables.
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Suppose that Defenestration decides to pay a dividend of only $2 per share this year and use the remaining $2 per share to repurchase stock. If Defenestration maintains this dividend and total payout rate, then the rate at which Defenestration's dividends and earnings per share are expected to grow is closest to what?
Answer:
Missing word "Defenestration Industries plans to pay a $4.00 dividend this year and you expect that the firm's earnings are on track to grow at 5% per year for the foreseeable future. Defenestration's equity cost of capital is 13%."
P0 = dividend payout per share/ (k-g)
Where g is firms earning growth = 5% or 0.05
And k is the cost of capital = 13% or 0.13
Therefore P0 = $4 / (0.13 -0.05) = $50
But if the payout is $2 per share and $2 per share is used to repurchase stock then to get the price of the stock in one year given the current price of $50.00, dividend at $2 and the 13% cost of capital we get
$50 = $2 + X / (1.13)
Therefore x = $54.5
At a current price of $50, we can expect that Defenestration Industries stock to sell for $54.50 immediately after the firm pays the dividend in one year
Therefore the growth is (54.5 -50)/50 = 9%
and ends at (12,5). Another downward sloping line starts at (6,30) and ends at (16,5)) Wallace is analyzing the American moped market for BMW. The main competition, Vespa, dropped their listing price by 20% recently. When creating a demand curve arrows are used to indicate the direction of the demand curve shift. Which is the correct direction the arrows should be drawn for the moped market and which line is the old demand and new demand curve
The arrows need to be drawn pointing rightwards. The curve on the right tells about the new demand and the curve on the left tells about the old demand. \\
What is demand?A demand curve is known to be a demand schedule that is said to be a table that depicts the quantity demanded of goods at each prices.
Note that a demand curve is said to be a graph that tells the quantity demanded at all price and as such, The arrows need to be drawn pointing rightwards. The curve on the right tells about the new demand and the curve on the left tells about the old demand. \\
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28. An increase in income raises money and the equilibrium interest rate. a. demand; raises b. demand; lowers c. supply; raises d. supply; lowers
The correct answer is "a. demand; raises". An increase in income raises money and the equilibrium interest rate. When an increase in income occurs, it raises the demand and the equilibrium interest rate.
As demand increases, it raises the equilibrium price, and as demand increases, the equilibrium quantity increases.An increase in income, in a particular economy, raises the level of aggregate demand in the economy. This leads to an increase in demand for money which, in turn, raises the interest rate equilibrium. The interest rate equilibrium rises because more people want to save and the demand for loans also increases.
The supply of money, on the other hand, does not increase, which implies that there is a higher demand for money than is available. Hence, to reach equilibrium, interest rates increase. This increase in interest rates acts as a signal for suppliers of loanable funds to make more of it, which then meets the demand for money.
The correct answer is option "a" which states that an increase in income raises money and the equilibrium interest rate. When there is an increase in income, it raises the demand for goods and services which further increases the equilibrium interest rate.
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Which of the following provisions is NOT required in HMO contracts/certificates?
Enrollment
Rates shall not be excessive
No pre-existing exclusions for children
Seven-day grace period
Option (c), No pre-existing exclusions for children is NOT required in HMO contracts/certificates.
HMO contracts/certificates are required to have provisions that ensure the protection of the rights and interests of the enrollees. These provisions include enrollment, rates not being excessive, and a seven-day grace period. However, there is no requirement for HMO contracts/certificates to have provisions that prohibit pre-existing exclusions for children. This means that an HMO may choose to exclude coverage for certain pre-existing conditions of children, which can be a cause of concern for parents.
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if the nominal interest rate for investment borrowing is 12 percent and the expected inflation rate is 5 percent, what will be this country's level of investment? $ million
Given that the nominal interest rate for investment borrowing is 12 percent and the expected inflation rate is 5 percent, the country's real rate of interest is 7%.
What do we know as Nominal interest rate?Basically, a nominal interest rate means the interest rate before taking inflation into account. It is the interest rate before taking inflation into account and can also refer to the advertised or stated interest rate on a loan without taking into account any fees or compounding of interest.
In order to avoid purchasing power erosion through inflation, most investors consider the real interest rate rather than using the nominal interest rate.
Real rate of interest = Nominal interest rate - Inflation rate
Real rate of interest = 12% - 5%
Real rate of interest = 7%
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PLZ HELP ME!!!!!!
Which statement about credit card interest rates is TRUE?
A.) The more money you spend on purchases, the higher your interest rate will be
B.) A high interest rate means you'll pay MORE money total
C.) A high interst rate means you'll pay LESS money total
D.) Most credit cards do not charge any interest rate
Answer:
I think its A?
Explanation:
What makes an efficient and effective teaching with regard to teacher's role
An efficient and effective teaching method is dependent on several factors, including the teacher's role. The teacher plays a crucial role in ensuring that the students learn and comprehend the subject matter. The first key aspect of an effective teacher is their ability to prepare and plan their lessons beforehand. This entails researching and identifying the content that will be covered in the lesson, determining the objectives and outcomes, and identifying the resources and materials that will be used.
The second key aspect of an effective teacher is their ability to create a positive learning environment. This involves creating a space where students feel comfortable asking questions, participating in discussions, and collaborating with their peers. A positive learning environment also includes creating a safe and inclusive space where every student feels valued and respected.
In conclusion, an efficient and effective teaching method is dependent on the teacher's role. An effective teacher plans their lessons beforehand, creates a positive learning environment, and assesses student progress to adjust their teaching approach accordingly. By focusing on these three key aspects, a teacher can ensure that their students are engaged, motivated, and able to learn and comprehend the subject matter.
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Why is the implied volatility of out of the money options higher in a lot of assets
than at the money options?
The implied volatility of out-of-the-money options is often higher than at-the-money options in many assets because of several factors, including market perception of risk, supply and demand dynamics, and the pricing of riskier options.
Firstly, market perception plays a significant role in determining implied volatility. Investors and traders perceive out-of-the-money options as riskier compared to at-the-money options because the underlying asset has to make a more significant price move for these options to become profitable. As a result, the implied volatility increases to account for this higher level of uncertainty and perceived risk.
Secondly, supply and demand dynamics also impact implied volatility. Out-of-the-money options can sometimes have a higher demand due to their lower prices and potential for significant returns if the asset makes a large price move. This increased demand, combined with limited supply, can drive up the implied volatility of these options.
Lastly, the pricing of riskier options can also contribute to higher implied volatility. Option pricing models, such as the Black-Scholes model, use implied volatility as an input to determine an option's value. Since out-of-the-money options are considered riskier, their pricing needs to account for the additional risk. Therefore, higher implied volatility is used, which results in higher option prices.
In summary, the implied volatility of out-of-the-money options is higher than at-the-money options in many assets due to factors such as market perception of risk, supply and demand dynamics, and the pricing of riskier options. These factors work together to increase the level of uncertainty and risk associated with out-of-the-money options, resulting in higher implied volatility.
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at one point in the evolution of marketing, the united states entered a buyer's market and the customer became king. which era is being described?
This era is being described as market-oriented. Thus, option D is correct.
What is marketing?Marketing can be defined as the way through which the market transaction is being done, in this case, the customer is being made aware of the product or service that is being given to them.
As in recent times, the competition has increased between the business, and the customer has also been more oriented toward what he was he want. This name that the market is being oriented to be a market-oriented where the more the protection the most profit of form of company can get. Therefore, option D is the correct option.
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The question is incomplete, the complete question will be:
Which era is being described?
Select one:
a. economics-oriented
b. value-based marketing
c. production-oriented
d. market-oriented
e. sales-oriented
a corporation makes a payment of $ million at the end of 2017 for services rendered by a large database company. with an annual interest rate of %, what annual payments at the end of years 2017 through will be equivalent to $ million at the end of 2017?
Required PMT is almost $564,334 when Present value (PV) is $2,650,000, Rate (r) is 11% and Time (n) is 6 in the given data.
Given that -
Present value (PV) = $2,650,000
Rate (r) = 11% = 0.11
Time (n) = 6
To Find -
Required PMT
PV= PMT {{1- (1+r)^-n}/r} {1+r}
$2,650,000= PMT * {{1- (1+0.11)^-6}/0.11} {1+0.11}
$2,650,000= PMT *4.6958
PMT= $564,334 (Approx)
Hence, Required PMT is almost $564,334
Here is the complete question-
A corporation makes a payment of $2.65 million at the end of 2017 for services rendered by a large database company. With an annual interest rate of 11%, what annual payments at the end of years 2017 through 2022 will be equivalent to $2.65 million at the end of 2017?
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our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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Which is an example of the law of demand?
A. A decrease in the price of iPhones causes a decrease in the quantity of iPhones cases
B. A decrease in the price of iPhones causes no change in the quantity of iPhones demanded
C. An increase in the price of iPhones cases
D. An increase in the price of iPhones causes a decrease in the quantity demanded
Answer: D
Explanation: : price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall.
what are the features of business environments?
Explanation:
All the external forces: Business Environment includes all the forces, institutions and factors which directly or indirectly affect the Business Organizations.
Specific and general forces: ...
Inter-relation: ...
Uncertainty: ...
Dynamic: ...
Complex: ...
Relativity:
You are the head of sales training for a major financial services firm in New York City. You are conducting a sales training class for a group of new trainees. You are a strong believer in using a structured approach to personal selling. Based on this information, which of the following personal selling process steps are you going to tell the trainees to perform first?
a. Develop a database of potential customers.
b. Develop an engaging sales presentation.
c. Practice closing the sale.
d. Develop a prospect follow-up checklist.
e. Analyze information about potential customers' needs.
Answer:
a. Develop a database of potential customers.
Explanation:
Analyzing the scenario of the question above, it can be understood that, a sales training manager who believes in a structured approach to personal sales as the best option, the ideal would be to tell trainees to perform the stages of the personal sales process first. will tell trainees to first develop a database of potential customers.
Because the first step in the personal selling process is prospecting for customers, so a database of potential customers will be the most structured process for prospecting potential customers and then reach the other stages of the sales process in an organized and effective way.
Unions Group of answer choices and firms paying wages above equilibrium to improve worker effort both create structural unemployment. creates frictional unemployment, while firms paying wages above equilibrium to improve worker effort creates structural unemployment. and firms paying wages above equilibrium to improve worker effort both create frictional unemployment. creates structural unemployment, while firms paying wages above equilibrium to improve worker effort creates frictional unemployment.
Answer:
And firms paying wages above equilibrium to improve worker effort both create structural unemployment
Explanation:
In the case when union and firm would pay the wages that are over & above equilibrium in order to improve the effort of the workers so this would happen to develop the structural unemployment as it deals with the change in the technology
So first option is correct
But the other options would be considered incorrect
Tourism, once a particularly important business in _______________, struggles to remain viable in the face of numerous challenges:
Tourism, once a particularly important business in popular tourist destinations, struggles to remain viable in the face of numerous challenges.
The tourism industry faces several challenges that threaten its viability. Emerging trends and changing traveler preferences have shifted the focus from traditional tourist destinations to off-the-beaten-path locations. Additionally, the rise of online platforms and the sharing economy has disrupted the industry, altering the way people travel and book accommodations. Furthermore, environmental concerns and the need for sustainable practices have become crucial factors in tourism. Climate change, over-tourism, and the negative impact on local communities and ecosystems have raised significant challenges.
Lastly, such as pandemics, political instability, and security threats have severely impacted tourism, making it more challenging for businesses to sustain themselves. To overcome these obstacles, the industry must adapt, innovate, and prioritize sustainable practices to ensure the long-term viability of tourism in popular destinations.
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Sunland Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $45000 Variable selling and administrative costs $20000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1700000 ROI 30% Planned production and sales 5000 pairs What is the total cost per pair of shoes
Sunland Company is a shoe manufacturer that has gathered information regarding one particular model of shoe. The company has determined that the variable manufacturing costs of producing this shoe are $45,000, while variable selling and administrative costs amount to $20,000. Additionally, Sunland Company has identified that the fixed manufacturing costs associated with this model of shoe are $160,000, with fixed selling and administrative costs amounting to $120,000. The company has also invested $1,700,000 in this model of shoe and is targeting a 30% ROI. Sunland Company has planned to produce and sell 5,000 pairs of this shoe. Given this information, we can calculate the total cost per pair of shoes.
To calculate the total cost per pair of shoes, we need to add up the total manufacturing costs and total selling and administrative costs, and divide the sum by the planned production and sales. The total manufacturing costs include both variable and fixed costs, which amounts to $205,000 ($45,000 + $160,000). The total selling and administrative costs include both variable and fixed costs, which amounts to $140,000 ($20,000 + $120,000). Therefore, the total cost per pair of shoes is $69 ($345,000 ÷ 5,000 pairs).
In conclusion, by considering the variable and fixed manufacturing costs, along with variable and fixed selling and administrative costs, Sunland Company can determine the total cost per pair of shoes. This information is essential for setting the selling price of the shoes, and it ensures that the company can achieve its target ROI.
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The driving force of some governments is to bring the benefits of competition to formerly monopolized markets. Explain the benefits that might occur in a more competitive market compared with a monopolized market.
Competition lowers prices, improves quality, and boosts innovation by incentivizing businesses to attract customers, differentiate themselves, and invest in research and development.
Lower Prices: Increased competition often leads to lower prices as businesses strive to attract customers by offering better deals and value. Improved Quality Competition drives businesses to improve the quality of their products or services to differentiate themselves from their competitors. In a monopolized market, the lack of competition can lead to complacency and a decreased incentive to innovate or enhance product quality.3. Increased Innovation: Competition fosters innovation as firms seek to gain a competitive edge. In a monopolized market, the dominant company may have less motivation to invest in research and development, stifling technological advancements and limiting consumer choice.
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When sending a group email, how do you ensure that one or several recipients cannot see the names of other recipients? select only one.
The option that is used is Blind Carbon Copy (BCC).
When sending an email message to a big group of individuals, it is advisable to use the Blind Carbon Copy (BCC) option for security and privacy reasons. Whenever user put email addresses in the BCC area of a message, the addresses are hidden from the recipients.
In contrast, any email addresses you include in the To or CC fields are accessible to everyone who gets the message.
If a person's email address is included in the BCC field, they would receive a copy of the email in their inbox as if they were CC'd.
The difference is that their email address would not be visible to the other persons in the email chain, and as a result, they will not receive further Reply or Reply All messages from others in the thread. It's worth noting that BCC receivers can't see each other either. Consider it a stealth mode CC.
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Which group of lenders would put greater emphasis on a firm's liquidity ratio when evaluating a potential borrower? a Long-term lenders b Short-term lenders
Short-term lenders would put greater emphasis on a firm's liquidity ratio when evaluating a potential borrower.
This is because short-term lenders are more concerned with the borrower's ability to quickly repay the loan. Liquidity ratios, such as the current ratio and quick ratio, measure a firm's ability to meet its short-term obligations. Therefore, short-term lenders would be more interested in these ratios to ensure that the potential borrower has enough liquid assets to repay the loan in a timely manner.
On the other hand, long-term lenders are more concerned with the borrower's long-term financial stability and would put greater emphasis on other financial ratios, such as profitability and leverage ratios.
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After entering a transaction into the accounting equation, an increase in total assets can be accompanied by a(n) ______(increase/decrease) in total liabilities or equity.
After entering a transaction into the accounting equation, an increase in total assets can be accompanied by a(n) Increase (increase/decrease) in total liabilities or equity.
This is further explained below.
What is a transaction?Generally, A financial transaction is an agreement or communication between a buyer and a seller to trade products, services, or assets in return for payment.
This may take the form of either spoken or written language.
Any kind of commercial transaction will always result in a shift in the respective financial situations of the parties involved, whether they be people, corporations, or both.
In the world of finance, equity refers to ownership of assets, which may or may not be accompanied by debts or other obligations.
For the purposes of accounting, equity is determined by deducting the value of the liabilities from the value of the assets.
In conclusion, An increase in total assets may be followed by a (n) rise in total liabilities or equity after putting a transaction into the accounting equation.
This may be the case depending on the direction of the transaction.
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Marketing is an activity that creates value for customers, clients, partners, and society at large. A firm does this by ______. (Select three answers) Multiple select question. creating offerings expanding markets delivering offerings segmenting offerings communicating offerings selecting markets
Marketing is an activity that creates value for the people. The firm does this by:
communicating offeringsdelivering offeringscreating offeringsWhat is marketing?This can simply be describe as those sets of activities that people or firms engage in order to promote the buying and the selling of products and services.
The activities includes
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When a firm's approach to human resources is designed to drive the company's overall performance, employees are being used to ______.
Employees are used to meet the firm's strategic objectives when a firm's approach to human resources is geared to drive the company's overall success.
Companies frequently set explicit and verifiable progress targets. Strategic objectives are the firm's big-picture aims; they outline what the organization does to strive to fulfil its mission. Strategic objectives are often performance goals, such as launching a new product, increasing profitability, or increasing market share for the company's product.
Business enterprises, in particular, spend substantially on information to fulfil six major business objectives: Excellence in operations. New goods, services, and business models are being developed. Customer and supplier trust.
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(b) Imagine that the nominal interest rate on a risky bond issued by Firm A is 12%. The nominal risk-less interest rate is set by the Central Bank at 2%. Investors are not risk adverse. What is the probability that firm A defaults on its bonds, in percentage points? (c) Imagine that the probability that Firm B goes bankrupt is 9%. The Central Bank sets the nominal risk-less interest rate at 3%. Investors are not risk-averse. What is the nominal interest rate on the bonds of Firm B, in percentage points?
The probability of default for Firm A is 10%. The nominal interest rate on Firm B's bonds is 6%.
Step 1: The probability of default for Firm A is 10% and the nominal interest rate on Firm B's bonds is 6%.
Step 2: The probability of default for Firm A can be calculated using the formula:
Probability of default = (Nominal interest rate on risky bond - Nominal risk-less interest rate) / (Nominal interest rate on risky bond)
In this case, the nominal interest rate on the risky bond issued by Firm A is 12% and the nominal risk-less interest rate is 2%. Plugging these values into the formula:
Probability of default for Firm A = (12% - 2%) / 12% = 0.1 = 10%
This means that there is a 10% probability that Firm A will default on its bonds.
For Firm B, the nominal interest rate on its bonds can be calculated using the formula:
Nominal interest rate on Firm B's bonds = (Probability of bankruptcy * Nominal risk-less interest rate) / (1 - Probability of bankruptcy)
In this case, the probability of bankruptcy for Firm B is 9% and the nominal risk-less interest rate is 3%. Plugging these values into the formula:
Nominal interest rate on Firm B's bonds = (9% * 3%) / (1 - 9%) = 6%
Therefore, the nominal interest rate on the bonds of Firm B is 6%.
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A company has net sales of $2,146,200 and average accounts receivable of $438,000. What is its accounts receivable turnover for the period? a. 8.80 b. 25.70 c. 80.60 d. 0.39
The accounts receivable turnover ratio measures how efficiently a company collects its outstanding receivables during a specific period. The correct answer would be 4.90. No option is correct.
It is calculated by dividing the net sales by the average accounts receivable.
Turnover ratio, in finance and accounting, is a measure used to assess the efficiency with which a company utilizes its resources, specifically its assets, to generate sales or revenue. It is commonly used to evaluate the effectiveness of a company's operations and management in generating sales relative to its investments in assets.
In this case, the accounts receivable turnover ratio for the period would be:
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
Accounts Receivable Turnover = $2,146,200 / $438,000
Accounts Receivable Turnover = 4.90
Therefore, the answer is not one of the options provided. The correct answer would be 4.90.
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1. Why is career education so important for teens?