Chik’s Chickens has accounts receivable of $6,333. Sales for the year were $9,800. What is its average collection period? (Use 365 days in a year. Do not round intermediate calculations. Round your final answer to the nearest whole number.)

Answers

Answer 1

Answer:

236 days

Explanation:

Average collection period is computed as;

= Receivables at start of the year / Average daily sales

Given that;

Receivables at start of the year

= $6,333

Daily sales

= Sales for the year / Days in a year

= $9,800 / 365 = 26.849315068

Therefore,

Average collection period = $6,333 / 26.849315068

Average collection period = 235.87193878

Average collection period = 236 days. Approximated.


Related Questions

In ________, salespeople are independent contractors who not only sell the product, but also recruit additional salespeople.

Answers

Answer:

Multi-level marketing.

Explanation:

A business organization that is run with multi-level marketing strategy typically has 3 sources of income:

- The amount of money that each person have to pay in order to gain the membership status.

- The amount of money that memberships owners have to pay to be a distributor of their product

- The amount of money that they get from the sales of their product.

Most multi-level marketing companies will provide their members with some sort of 'Reward' if they managed to convert other people into purchasing memberships to organization. So, the more their members convert other people, the more wealthy that members will be. This will create a hierarchy like within an organization where the members who bring the most memberships place at the top of the hierarchy.  

A managed portfolio has a standard deviation equal to 26% and a beta of .9 when the market portfolio's standard deviation is 22%. The adjusted portfolio P* needed to calculate the M2 measure will have ________ invested in the managed portfolio and the rest in T-bills.
A. 84.6%
B. 118%
C. 18%
D. 15.4%

Answers

Answer:

118%

Explanation:

Calculation for the M2 measure invested in the managed portfolio

Using this formula

M2 measure invested in the managed portfolio=Managed portfolio standard deviation standard deviation/Market portfolio's standard deviation

Let plug in the formula

M2 measure invested in the managed portfolio=26%/22%

M2 measure invested in the managed portfolio=118%

Therefore the adjusted portfolio P* needed to calculate the M2 measure will have 118% invested in the managed portfolio and the rest in T-bills

Accounts Receivable account has a beginning balance of $52,000 and an ending balance of $69,000. If $47,000 was sold on account during the year, what were the total collections on account

Answers

Answer:

$30,000

Explanation:

Total collections on account is computed as;

= Accounts receivable at the beginning + Sales during the year - Accounts receivable at the end

Given that;

Accounts receivable at the beginning = $52,000

Sales during the year = $47,000

Accounts receivable at the end = $69,000

Therefore,

Total collections on account

= [($52,000 + $47,000) - $69,000]

= $30,000

Jessica retired at age 65. On the date of her retirement, the balance in her traditional IRA was $218,000. Over the years, Jessica had made $21,800 of nondeductible contributions and $69,000 of deductible contributions to the account. If Jessica receives a $68,000 distribution from the IRA on the date of retirement, what amount of the distribution is taxable?
and its not 51000

Answers

Answer:

The amount of the distribution that is taxable is $61,200.

Explanation:

The following are given in the question:

Balance in IRA = $218,000

Nondeductible contributions = $21,800

Amount of distribution received = $68,000

Therefore, we have:

Nondeductible portion = Nondeductible contributions / Balance in IRA = $21,800 / $218,000 = 0.10

Taxable portion = 1 - Nondeductible portion = 1 - 0.10 = 0.90

Taxable amount = Taxable portion * Amount of distribution received = 0.90 * $68,000 = $61,200

Therefore, the amount of the distribution that is taxable is $61,200.

Which of the following should not be a major consideration when it comes to selecting your career path?


What your parents think you should do

What you are passionate about

What you are naturally good at

What your interests are

Answers

Answer: I believe its : what your interest's are

Explanation:

A liquidity ratio measures the :___________.
A) income or operating success of an enterprise over a period of time
B) ability of the enterprise to survive over a long period of time.
C) short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash.
D) number of times interest is earned.

Answers

Answer:

C. Short term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash

Explanation:

Oftentimes enterprise need cash to meet its daily financially need or business obligations. The ability to meet such daily or short term need is called liquidity ratio.

The primary purpose why enterprises are in business is to make profit, however, its daily operations must continue which will be financed with cash. Liquidity ratio shows that an enterprise is financially buoyant to meet its unexpected needs for cash and also to pay its occurring business obligation.

How much money did he save by paying

Answers

He saved a lot of money

Liquidity is best defined as the ease of converting an asset into cash. the direct exchange of goods and services for other goods and services. money with no intrinsic value. anything that is accepted in exchange for goods or for the payment of debt. Identify which asset is the most liquid. stock certificate 6 month certificate of deposit real estate checking account

Answers

Answer:

as the ease of converting an asset into cash.

checking account

Explanation:

Liquidity refers to the ease of converting an asset into cash. Cash is the most liquid asset. While assets like real estate are less liquid because it is difficult to convert it to cash as their a lot of processes that must be undertaken before real estate can be converted to cash.

Checking account is the most liquid because it can be easily converted to cash.

Universities A and B are substitutes in the minds of many college students. Initially the student tuition at each university is the same and far below the equilibrium tuition. Then, the tuition at A is raised and B is not. As a result of a rising tuition at A, some students who would have applied and enrolled in A, apply to B instead. Based on the logic presented in one of the theories discussed in the textbook, we would expect that

Answers

Answer:

the options are missing (see attached image), the correct answer is:

the fourth option: A and B

Explanation:

Since the demand for University B increased, their teachers should be more relaxed, resulting in a decrease of their performance, e.g. less punctual. On the other, the teachers of University A which lost students, should try to increase their performance level, e.g. being more punctual.

Wayfarer Company has no debt, and a value of $70.000 million. Adventures Incorporated is otherwise identical but has $28.000 million of debt in its capital structure. Under the different models, what is the value of Adventures Incorporated if its corporate tax rate is 25%, the personal tax rate on equity is 10%, and the personal tax rate on debt is 26%?

Answers

Answer:

Following are the solution to this question:

Explanation:

Please find the complete question in the attachment.

In point 1:

The answer is =70.000

In point 2:

[tex]=70.000+28.000 \times 25\%\\\\=70.000+28.000 \times \frac{25}{100}\\\\=70.000+28.000 \times \frac{1}{4}\\\\=70.000+ 7 \\\\=77.000\\\\=77[/tex]

In point 3:

[tex]=70.000+(1-(1-25 \%) \times \frac{(1-10\%)}{(1-26\%)) \times 28.000}\\\\=70.000+(1-(1- \frac{25}{100}) \times \frac{(1- \frac{10}{100})}{(1-\frac{26}{100})) \times 28.000}\\\\=70.000+(1-1+ \frac{1}{4}) \times \frac{(\frac{ 10-1}{10})}{( \frac{100-26}{100})) \times 28.000}\\\\=70.000+(\frac{1}{4}) \times \frac{(\frac{9}{10})}{(\frac{74}{100})) \times 28.000}\\\\=70.000+(\frac{1}{4}) \times \frac{0.9}{20.72}\\\\=70.000+ \frac{0.9}{82.88}\\\\=70.000+0.01058\\\\=70.01058\\\\[/tex]

A portfolio has 225 shares of Stock C that sells for $42 and 190 shares of Stock D that sells for $33. What is Stock C's weight?

Answers

Answer:

60.11%

Explanation:

Weight of stock C = Value of stock C / total value of portfolio

225 x $42 / (225 x $42) + (190 x $33) = $9450 /15720 = 60.11%

Select the correct answer.

Annie runs a group therapy session on anger management. In one of the sessions, she finds that the members have become aggressive and are having heated arguments with each other. What technique can Annie use to bring the discussion back into order?

A. terminate the discussion for the day
B. call for a moment of silence
C. pass a clipboard for people to write their feelings
D. ask the aggressive members to leave the group
E. introduce humor in the session to ward off the argument

Answers

Answer:

c. pass a clipboard for people to write their feelings.

Explanation:

terminating the discussion won't solve their hassles in their head nor asking them to leave. moment of silence, yeah it can be done but won't be that effective. so as for me I would suggest to know each of their feelings and understand them. that way we may be able to give opinions on each other's thought.

Answer:

B. call for a moment of silence

Explanation:

"Proposing silence: A moment of silence can help people to calm down and refocus if tensions are high. This also helps when there is a lot of crosstalk with people interrupting each other."

correct on plato/edmentum :)

Select the correct answer.
A firm entered into a contract with a construction firm to build a commercial building. However, the construction firm did not follow the design
plans of their client and instead made modifications wherever they thought was necessary, without consulting their clients. This did not go well
with the clients and hence they filed a formal lawsuit in a law court against the construction firm. Which method of dispute resolution did the
firm choose?
A.
mini-trial
B
arbitration
C.
mediation
D.
psychotherapy
Reset
Next

Answers

Choice b would be my choice

Answer:

B. Arbitration

Explanation:

The other answer is correct for plato/edmentum users :)

plz answer dedo yaar​

Answers

Huh what does that mean

In the economy represented by the graph, which set of economic measures is
most likely present at point B in the business cycle?
The Business Cycle
А
с
Production output
D
B
Time
O A. The steady growth line has started to decline.
O B. The unemployment rate is at its lowest point.
O c. Gross domestic product is at its lowest point.
O D. The economy has started a period of recession.

Answers

The economy represents by the graph is a set of measures that is most likely to occur in the business cycle are Gross domestic product is at its lowest point. Thus option C is correct.

What are economic measures?

The economic measures are those that economist use for measuring the economy of a country and include the GDP, unemployment, and inflation. The GDP is the most important measure and refers to the business cycle. As per the graph, the GDP is at the lowest point.

Find out more information about the economic indicator.

brainly.com/question/903754

Answer: the unemployment rate is at its lowest point

Explanation:

just took the test

The Xerox sales force is divided into four geographic organizations: the United States/Canada, Europe, Global Accounts, and Developing Markets. Within each geographic area, the majority of Xerox products and services are typically sold through its
a) distributors.
b) competitor partnerships.
c) order takers.
d) direct sales force.
e) telemarketers.

Answers

Answer:

E)direct salesforce

Explanation:

Direct sales force are those network of distributors that business set up to sell their products for great returns, it involves selling out of business product using non- retailing setting. For instance Xerox sales force is divided into four geographic organizations: the United States/Canada, Europe, Global Accounts, and Developing Markets. Within each geographic area, the majority of Xerox products and services are typically sold through its direct salesforce

The balance sheet, the statement of cash flows, and the ______________ are three key financial statements prepared by accountants.
Group of answer choices

Answers

Answer:

Income statement

Explanation:

The income statement will provide the company's total Expenses and Revenues within one financial period.

The difference between these expenses and revenues will determine whether the company's operation is considered as profitable in that year. (if the revenue outnumbered the expenses, the company incurred a net profit).

Shareholders use company's typically use income statement to calculate the amount of revenue that they'll obtain from their percentage of shares.

Documents created with Calc are saved as which file extension?
A.
.com
B.
.odp
C.
.org
D.
.ods


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

D. .ods

Explanation:

edge

The manager of Stock Division projects the following for next year: Sales $185,000 Operating income $58,500 Operating assets $375,000 The manager can invest in an additional project that would require $40,000 investment in additional assets and would generate $6,000 of additional income. The company's minimum rate of return is 14%. What is the residual income for Stock Division without the additional investment

Answers

Answer: $6000

Explanation:

The residual income for Stock Division without the additional investment will e calculated as:

= Operating Income - (Operating assets × Required rate of return)

= $58500 - ($375000 × 14%)

= $58500 - $52500

= $6000

What is the maximum hourly output from a process with four steps having outputs of 20 units/hour, 25 units/hour, 30 units/hour and 15 units/hour?

Answers

Answer:

The maximum hourly output from the process with four steps is:

22.5 units/hour.

Explanation:

a) Data and Calculations:

Outputs:

20 units/hour,

25 units/hour,

30 units/hour and

15 units/hour

Total units 90

Total hours = 4

Maximum hourly output = Total output units divided by the total hours

= 90/4

= 22.5 units per hour.

b) This implies that the process can produce 22.5 units per hour at its maximum performance.  This is also the average output from the four processing steps.

If a trader buys an option at an implied volatility of 10%, and plans to delta hedge it, over the life of the option she hopes realized volatility will be:

Answers

Answer:

b. lower than 10%

Explanation:

Missing word "a. higher than 10%, b. lower than 10%, c. if its three month option then she hopes its 10/3, d. irrelevant where realized will be"

If a trader buys an option at an implied volatility of 10%, and plans to delta hedge it, over the life of the option she hopes realized volatility will be lower than 10%. When hedging implied volatility through delta hedging is done, it means that the trader is expecting that volatility will decline and it has taken the position on the the downside of the implied volatility as it is reflected by the delta hedging. Delta hedging is not about betting on the upside of implied volatility.

Net capital outflow measures the imbalance between the amount of a. foreign assets held by domestic residents and domestic assets held by foreign residents. b. foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners. c. foreign assets bought by domestic residents and the amount of domestic goods and services sold to foreigners. d. None of the above is correct

Answers

Answer:

b) the imbalance between the amount of foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners.

Explanation:

Net capital outflow can be regarded as net flow of invested funds in country abroad by a home country during a particular period of time. It should be noted that the Net capital outflow measures the imbalance between the amount of the imbalance between the amount of foreign assets bought by domestic residents and the amount of domestic assets bought by foreigners.

An expense that is readily traced to a department because it is incurred for that department's sole benefit is a(n):________.
a. Common expense.
b. Direct expense.
c. Administrative expense.
d. Indirect expense.
e. Recurring expense.

Answers

Answer:

b . Direct expense

Explanation:

Direct expense is an expense whose cost can be easily identified with a department due to the fact that the expense is incurred for the benefit of the department solely. This means that this expense can be traced directly to a department.

Also, some expenses are known to be directly related to buying of materials , products for use whether in a department or a company; such expenses are classified as direct expenses.

Examples of direct expense includes cost of raw materials , rent of factory, wages etc.

Scott invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it out as a bed and breakfast run by his sister. This is not a security subject to federal regulation because:_______.

Answers

Answer:

Scott's investment is in his own property and not in a common enterprise

Explanation:

From the question, we are informed about Scott who invests money in fixing up his house, an endeavor that he expects will generate profits because he will be able to rent it out as a bed and breakfast run by his sister. In this case , it is not a security subject to federal regulation because Scott's investment is in his own property and not in a common enterprise. Securities regulation is a law in court like U S that protect transaction as well as other dealing involving security, when a company fully comply with the security regulation, litigation can be avoided by the business with private party as well as security commissioners

Explain at least four types of ethical misconduct in financial transactions. Explain how these work with appropriate illustrations followed by real-life examples as far as possible for each type

Answers

The correct answer to this open question is the following.

We can help you with the four cases of financial misconduct.

So the four types of ethical misconduct in financial transactions are

1.- Fraudulent Financial Reporting. This is when the top company management lies about financial statements. These companies cheat on the investors of the company for a particular agenda. It also can be the case when top management tries to keep the share price of the corporation.

2.- Stealing, today technically called Missaprpriation of Assets. In this case, employees use the company's assets for personal reasons. The employee even can steal money from the company's accounts.

3.- Bribering. A member of the company bribes a government official in order to have influence in some regulations.

4.- Disclosure. A member of the company discloses important information considered private or "Top Secret," trying to create a personal advantage or for a competitor.

No arbitrage is equivalent to the idea that all risk-free investments should offer investors:

Answers

Answer:

JOIN MY ZOOM  528-468-7585

Explanation:

Weyerhaeuser Co decides to buy multi-line phone system for its business operations from Norway. The cost of multi-line phone system is 49,300 Norwegian krones. Approximately, how much in U.S. dollars will Weyerhaeuser Co pay if $1 is equal to 7.1429 Norwegian krones (Norwegian krone/$)?
a) $8,282
b) $16,135
c) $6,902
d) $7.977
e) none of the answers is correct

Answers

Answer:

c) $6,902

Explanation:

Cost of system = 49300 Krones

Exchange rate : $1 = 7.1429 Krones

So, Amount in $ = Cost of system / Exchange rate

Amount in $ = 49300 / 7.1429

Amount in $ = 6901.958588248471

Amount in $ = $6,902

You want to have $500,000 in today's (real) dollars when you retire in 40 years. The expected inflation rate is 1.1% and the nominal return on your investments is 6.5%. How much money do you have to save now if you can't make any additional deposits?

Answers

Answer:

Initial deposit= $62,378.07

Explanation:

First, we need to calculate the nominal value of $500,000 in 40 years:

Future Value= PV*(1+r)^n

r= inflation rate

FV= 500,000*(1.011^40)

FV= $774,490.74

Now, the initial deposit (PV) to be made in the present:

PV= FV/(1+i)^n

i= interest rate

PV= 774,490.74 / (1.065^40)

PV= $62,378.07

Natalie and Curtis have been experiencing great demand for their cookies and muffins. As a result, they are now thinking about buying a commercial oven. They know which oven they want and that it will cost $17,000. The company already has $5,000 set aside for the purchase and will need to borrow the rest. Natalie and Curtis met with a bank manager to discuss their options. She is willing to lend Cookie

Answers

Answer:

Natalie and Curtis Cookie Company

The bank manager is willing to lend Cookie $12,000.

Explanation:

a) Data and Calculations:

Cost of equipment (commercial oven) to be purchased = $17,000

Amount already set aside by the company for the purchase = $5,000

Difference required from the bank = $12,000 ($17,000 - $5,000).

b) The bank manager should be willing to lend the company the sum of $12,000, which will make up the balance for the purchase of the commercial oven.  The cost of the oven is $17,000 and the company had set aside $5,000.  This means that it remains $12,000 to make up the purchase cost.  The negotiation for a bank loan will concentrate on the $12,000 required to make up the amount.

A lockbox plan is a. used to identify inventory safety stocks. b. used to protect cash, i.e., to keep it from being stolen. c. used primarily by firms where currency is used frequently in transactions, such as fast food restaurants, and less frequently by firms that receive payments as checks. d. used to slow down the collection of checks our firm writes. e. used to speed up the collection of checks received.

Answers

Answer:

Option e. Used to speed up the collection of checks received.

Explanation:

A lockbox plan is most beneficial to firms involved in collections over a wide geographic area. It is also a method or technique to limit/reduce float by having payments sent to local post offices close to the customers. Its system of handling cash receipts is by mail where the customers remit payments directly to the bank.

In cash management, a lockbox plan is used to quickens the rate of collection of checks received.

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