The Current ratio equals 2.9, the Accounts receivable turnover equals 5.77 and Average collection period equals 63 days.
What is Current ratio?= Current Assets / Current Liabilities
= 145,000 / 50,000
= 2.9
What is Accounts receivable turnover?= Net sales / Average Accounts Receivable
= 375,000 / )(70,000 + 60,000) / 2)
= 5.76923076923
= 5.77
What is Average collection period?= 365 Days /Average Receivable Turnover ratio
= 365 / 5.77
= 63.2582322357
= 63 days
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Gut Bombs sandwich shop pays $5,000 a month in rent space and equipment. It pays each of its 10 workers $2,500 a month and spends $5,000 on food. There are no other production costs. Usually the shop sells 3,500 sandwiches per month for $10 each. The shop could hire another worker and increase the number of sandwiches it makes by 300. Assuming a constant food cost per sandwich of $1.43, their marginal cost per month per sandwich, of making 300 more sandwiches per month, rounded to the nearest penny, is
The marginal cost per month per sandwich of making 300 additional sandwiches per month for Gut Bombs is $9.76.
What is marginal cost?The marginal or incremental cost is the increase or decrease in the cost of producing one more unit.
Data and Calculations:Food cost per month = $1.43
Monthly wages per worker = $2,500
Marginal cost = $2,929 ($1.43 x 300 + $2,500)
Marginal cost per unit = $9.76 ($2,929/300)
Thus, the marginal cost per month per sandwich of making 300 additional sandwiches per month for Gut Bombs is $9.76.
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Notes receivable are used for ______. (Check all that apply.) Multiple select question. lending money to individuals or businesses recording bad debt expense extending payment periods purchasing property, plant, and equipment selling large dollar-value items
Answer: Selling large dollar-value items
Lending money to individuals or businesses
Extending payment periods
Explanation:
A note receivable is a written order to pay a certain sum of money to another client on one or more upcoming events.
What is the use of notes receivable?Notes receivable is a financial account used to monitor borrowers' debt and payments. A small company expects payback when it lends money, goods, or equipment to an individual. The business will keep the information under receivable accounts for numerous types of loans.
Thus Option A, C, and E are examples in which note receivable is used.
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The cover letter should _____.
a.
be a minimum of two pages in length
b.
never ask for an interview
c.
introduce you to an employer
d.
include your family history
C, introduce you to an employer
Explanation:an introduction is needed before looking into any sort of info [for a better understanding, an example would be how you have your name on the cover of your notebook before looking into your actual notes.]
Answer:
C
Explanation:
HURRRYYY!!!
Mandated deductions are NOT influenced by which of the following?
Marital status
Income level
Exemptions
Age
Answer:Age
Explanation:
Mandated deductions are NOT influenced by age factor as its qualification.
What are Mandated deductions?The mandated tax deduction is a certain amount of money that employers is required to hold back from employees' gross income as per law rules. Social Security and Medicare taxes are the most common example of mandated deductions.
Therefore, single and marital status along with income level is considered for deduction purposes.
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Which phrase describes insurance co-pays?
Coinsurance is a way of saying that you and your insurance carrier each pay a share of eligible costs that add up to 100 percent. For example, if your coinsurance is 20 percent, you pay 20 percent of the cost of your covered medical bills. Your health insurance plan will pay the other 80 percent.
how to divide an improper fraction by a proper fraction
Answer:
Mathematicians use three categories to describe fractions: proper, improper, and mixed.
Fractions that are greater than 0 but less than 1 are called proper fractions. In proper fractions, the numerator is less than the denominator. When a fraction has a numerator that is greater than or equal to the denominator, the fraction is an improper fraction. An improper fraction is always 1 or greater than 1. And, finally, a mixed number is a combination of a whole number and a proper fraction.
Explanation:
A game theorist is walking down the street in his neighborhood and finds $20. Just as he picks it up, two neighborhood kids, Mark and Nancy, run up to him, asking if they can have it. Because game theorists are generous in nature, he says he's willing to let them have the $20, but only according to the following procedure: Mark and Nancy are each to (independently) submit a written request as to their share of the $20. Let m denote the amount that Mark requests for himself and n be the amount that Nancy requests for herself. M and n are required to be chosen from the interval [0, 20]. If m+n =< 20, then the two receive what they requested, and the remainder (20 - m - n) is split equally between them. If, however, m+n> 20 the game theorist keeps the $20. Mark and Nancy are the players in this simultaneous-move game. Assume that each of them has a payoff equal to the amount of money that he or she receives.
Required:
Find all Nash equilibria for this game
Mark and Nancy must submit a written request for their share of the $20, both of them must keep in mind that the solution is to split evenly, $10 each.
What is the main purpose of game theory?
Game Theory, which could very properly be called Interdependent Decision Theory, has as its object of analysis situations where the outcome of the action of individuals, groups of individuals, or institutions substantially depends on the actions of others involved.
With this information we can conclude that Mark and Nancy should submit a written request for their share of the $20, both of them should keep in mind that the solution is to split evenly, $10 each.
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If you spend more in a month than is expected in your budget, what are your two options?
Answer:
It's hard to define how much should be left over each month after paying all your personal finances as they are different for everyone. But to generalize it, the 50/20/30 rule is applicable to most of us. According to this rule, up to 50% of your income goes to fixed spending, 20% would go to savings.
Explanation:
Which of these is an advantage to mass production?
The advantage to mass production is,there will be sufficient products for people to use.
The majority of the brands marketed in the united states are _____ brands.
It should be noted that majority of the brands marketed in the united states are manufacturer brands.
What is a brand?A brands can be regarded as the generally intangible, which is often associate things like products and names.
It serves as a way to promote the business, Example are Apple, Nike, Coca-Cola.
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Consumption expenditures do not include household purchases of.
Answer:
sToP bUyInG wHaTeVeR yOuR bUyInG tHeN sWeEtHeArT
Explanation:
JUST STOP
Shelly is reading a chapter in her science book. She wants to note the main ideas and details, and wants to pay close attention to a few of the important names as she reads. How can Shelly use highlighting to make the information she is looking for stand out?
She can use three different highlighters: one for the main idea, one for the details, and one for important names. She can use one highlighter and highlight the entire paragraphs that have a main idea, detail, or important name. She can use one highlighter to highlight all of the big words in each paragraph. She can use two different highlighters: one for the first sentence of each paragraph and one for the last sentence in each paragraph.
Answer:
A. She can use three different highlighters: one for the main idea, one for the details, and one for important names.
Explanation:
Color-coding highlighters to things your need to memorize/take notes on is an esay way to know what's what without having to read everything you highlighted and hope you find the thing you need.
Answer: The first one (She can use one for the main idea, one for details, and one for important names)
Prita thinks she looks good in purple. She decides to wear all purple to school
next Monday. To accent her outfit, she buys a purple beanie hat online.
Which of these most likely influenced her buying decision?
A. Internal factors
B. Laws and regulations
C. Marketing
D. External factors
Which factor would most likely increase the risk of being underinsured?
The factor that increase the risk of being underinsured includes:
non-reviewing of sum insuredinflation etcWhat is an underinsurance?An underinsurance refers to a circumstance of insurance coverage whiuch leaves the policyholder responsible for a large percentage of a total loss.
An underinsurance happens when the sum insured is less than the market value of the property.
In conclusion, the insured is left to borne to loss if any occur.
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__________ consists of all the techniques sellers use to persuade consumers to buy their goods and services.
Advertising consists of all the techniques that a seller employs and use to persuade customers to purchase their good and services.
What is an Advertisement?Advertising is a form of commercial communication in which goods and services, are being promoted or sold via the use of explicitly sponsored marketing channels.
Advertisement is the marketing of a product, or service to a target audience in order to generate interest, engagement, and sales.
Advertisements appear in a variety of formats, this can come in form of:
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Describe legislation passed to regulate banks
Answer:
add 4 to 983
Explanation:
4 to 983 to the power of 50
Should the United States pass a balanced budget amendment? Explain your answer.
Which of the following is a step in problem solving? A. Cooling off. B.brainstorming solutions. C. Talking it out. D. Reflective listening
B.brainstorming solutions.
Which of the following is a general two-year college level degree
• A masters degree
• a associates degree
• A bachelors degree
• A technicians degree
Answer:
An associates degree.
Explanation:
An associates degree is the typical 2 year degree. Bachelors is 4 years, masters is 6-8 years, and technicians is different altogether, with varied times.
A general two-year college-level degree is an associate's degree. Thus the correct option is B.
What is a College degree?A college-level degree indicates a degree or a certificate that is given to an individual when he succeeds in a higher level of education. THis degree determines the level of learning and knowledge of an Individual.
When an individual is looking for Job this degree acts as evidence of their education that they have acquired a particular level of knowledge from a particular institution.
A two-year community college program is often required to obtain an associate's degree. It concentrates on general education requirements that, after two more years of study, can be applied toward a bachelor's degree.
Therefore, option B is appropriate.
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#SPJ1
Tina, a sophomore in college, is contemplating majoring in marketing. She asked several friends for advice and their comments are listed below. Which comment is the most accurate and likely to help Tina
The most accurate and likely comment to help Tina choose a degree in marketing is that marketing is an area that offers business students a wide range of career options.
What are the roles of a marketer?The professional must have a broad and creative vision, as their main objective is to create strategies to attract consumers, increasing sales and competitiveness and an organization in the market.
Therefore, a career in marketing can have several possible options, as concepts are increasingly developed to create value for the consumer, such as digital marketing for example, which is on the rise in the market.
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Which type of cost is the variable cost of keeping items on hand, such as storage and handling, taxes, insurance, and shrinkage
Answer:
Inventory Holding Cost
Management cannot being the planning process until the organization has determined what its ________ will be.
The organizational mission is essential for organizational planning, as it refers to the purpose of the organization's existence.
What is the organizational mission?It corresponds to the determination of what is the reason for a company to operate in a certain market, that is, it is a guide for the formulation of the strategy that will lead to the achievement of the objectives.
Therefore, the mission statement is also a tool capable of influencing the perception of a company's stakeholders by declaring its social role in the market in which it operates.
The correct answer is:
MissionFind out more about organizational mission here:
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True or False: Those with master's degrees have the highest earning potential.
Answer:
I believe True but sorry if I'm incorrect.
Explanation:
Answer:
True
Explanation:
To be sure, earning a master's degree has historically been tied to higher earnings. According to the Bureau of Labor Statistics, those with just a high school degree earn $746 per week on average while college graduates earn closer to 1,248 per week, and workers with master's degrees earn nearly $1,500 per week.
Which of the following is not something that will help you pay off credit card debt? a. Stop using your credit cards. B. Make extra payments when possible. C. Make a realistic budget to make regular payments and stick to it. D. Transfer existing credit card balances to credit cards with "low introductory rates. " Please select the best answer from the choices provided. A B C D.
Answer:
A
Explanation:
Answer:
Answer is A
Explanation:
During a storm, a tree falls on your vehicle. What type of insurance would cover the damage to your vehicle
comprehensive coverage.
A government spends money in order to:
A. influence which products will be available to U.S. consumers.
B. make sure government programs can function properly.
C. prevent foreign businesses from competing with U.S. companies.
D. decide what each employee at a U.S. company will be paid.
BMIT
Answer:
Options A and C is not related at all. I belive It's B.
___ credit can take the form of a credit card or a personal line of credit.
A. Principling!
B. Installment
C. Revolving
D. Collateral
Answer: C. Revolving
Explanation:
I got it right on my test
Auto-Moto receives about 800 loan applications per month (30working days). All applications go through an Initial Review sub-process, where the applications are then classified as A (looks excellent), B (needs more detailed evaluation), and C (reject summarily). A and B applications would be forwarded to sub-processes A and B, respectively. On average, 10% of all applications go through Sub-process A, 30% go through sub-process B, and the rest are rejected. On average, 70% of applications in sub-process A, and 30% of applications in sub-process B are accepted and the rest are rejected. (Recall that all Cs were rejected. ) On average 180 applications are in the Initial Review sub-process, 60 are in sub-process A, and 60 applications are in sub-process B.
1. What is the average flow time of an application? The potential answers are:______.
2. How many applications are rejected per month? The potential answers are:______.
3. Compute the average flow time at Initial Review sub-process. The potential answers are:________
1. The average flow rate of an application is 11.3 days.
2. The number of applications that are rejected is 672.
3. The average flow time at Initial Review sub-process is 6.75 days
1. What is the average flow time of an application?R = 800
I = inventory
= 180 + 60 + 60
= 300
I/R = 300/800
= 0.375 month * 30 days
= 11.3 days
2. How many applications are rejected per month?The applications entering for A:
10 % of 800 = 80
The applications entering for B:
30% of 800 = 240
This shows that 60% are rejected
0.6 * 800 = 480
70% in A are accepted, so 30% x 80 = 24 are rejected for A
30% in B are accepted, so 70% x 240 = 168 are rejected for B.
Total number of rejected applications are 24 + 168 + 480
= 672
3. The average flow time at Initial Review sub-process
= I/R
I = 180
R = 800
180/800
= 6.75 days
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Kendall is thinking about going to the movies tonight. a movie ticket costs $15, and she'll have to cancel a $20 dog-sitting job that she would have been willing to do for free. kendall's opportunity cost of going to the movies is
Answer:
Is $15 because she was going to do dog-sitting job that pays $20 for free.
According to the principles of scientific management, the best way to improve productivity is to Multiple Choice give employees greater recognition for their efforts. establish open two-way communications among all employees and managers. find the best method of doing each job, then teach those methods to employees. use job rotation and job enlargement to make work more interesting and challenging.
The best way to improve productivity would be to find the best method of doing each job, then teach those methods to employees.
What is productivity?In the business environment, the notion of productivity has to do with the ability of employees to carry out tasks in the work environment in a more efficient, faster and better way.
To increase productivity, it is important that the workers are taught the best way to carry out their jobs.
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