Final answer:
The acquisition of $1,200 from the issue of common stock affects Juarez Company's accounting equation by increasing assets and common stock by $1,200 each, with no changes to liabilities or retained earnings. The correct reflection in the accounting equation is represented as Assets = NA + $1,200 + NA.
Explanation:
The question asked is about understanding how the issuance of common stock affecting the company’s accounting equation. Juarez Company acquired $1,200 from the issue of common stock. The correct way to reflect this event in the company’s accounting equation is through an increase in assets and an equal increase in owners' equity, specifically under the common stock category, as there is no increase in liabilities.
Therefore, the accounting equation will be affected as follows: Assets = Liabilities + Common Stock + Retained Earnings. The correct answer is hence C. $1,200 = NA + $1,200 + NA. This reflects that the company’s assets have increased by $1,200 due to the cash infusion from issuing common stock, and this increase is mirrored exactly in the equity side under common stock, with no change to liabilities or retained earnings.
A firm has an operating profit (EBIT) of $600 on sales of $1,000. Interest expense is $250 and taxes are $120. What is the times interest earned ratio?
Answer:
2.4 times
Explanation:
The formula to compute the times interest earned ratio is shown below:
Times interest earned ratio = (Earnings before interest and taxes) ÷ (Interest expense)
= $600 ÷ $250
= 2.4 times
In order to find out the times interest earned ratio, we divide the operating profit or earnings before interest and taxes by the interest expense so that it could come
At the recent school board meeting, five individuals spoke on both the merits and problems with full-day kindergarten as compared to half-day kindergarten. After the meeting, your friend Corrine tells you, "I don't think there is any way they can justify full-day kindergarten at this point. Did you hear all those statistics about the high costs versus low benefits?" You reply that there was good evidence on both sides of the issue. Corrine frowns and tells you that she doesn't remember it that way. By tuning out part of what was said at the meeting, Corrine appears to be exhibiting ________ listening.
Answer:
defensive listening
Explanation:
Defensive listening happens when an individual hears an apparently innocent commentary and takes it as a personal attack against himself/herself or their beliefs. Many times defense listening is caused because the individual constantly believes that other people are judging them or their ideas.
In this case, Corrine was offended by a commentary that was not intended to be a personal attack, but rather an opinion on a specific topic. Probably Corrine feels strongly against the idea of full-day kindergarten and that is why she felt attacked by a different opinion.
Broker Al offers all his agents the ability to sell their own homes without any commission owed the brokerage. In what part of the work agreement might this information be located?
Answer:
Miscellaneous benefits
Explanation:
In this case, Broker AI cannot put this in the main agreement section of the work agreement because there are certain information about the rights, the terms of sales and other things which are added to the main section of the agreement. In this case, it is the Broker who offers his agent, and this is more like an offer or promotion from the Broker, hence it must be in the miscellaneous benefit section of the work agreement.
Question 1 with 1 blankA man pulling a garage bag out of a can in a kitchen. Ramón Question 2 with 1 blankA woman in a bedroom putting a sheet on a bed. Rebeca Question 3 with 1 blankA man standing in a living room vacuuming a carpet. Mi tío Juan Question 4 with 1 blankA woman in a study dusts a desk with a cloth. Isabel
1. A man pulling a garbage bag out of a can in a kitchen.
- Ramón: This suggests that Ramon is the person performing the task of taking out the garbage. He's likely in a kitchen, which is a common place for garbage cans.
2. A woman in a bedroom putting a sheet on a bed.
- Rebeca: In this scenario, Rebecca is the person responsible for making the bed. She's in a bedroom, indicating that she's likely preparing the room for use.
3. A man standing in a living room vacuuming a carpet.
- Mi tío Juan: This statement tells us that Juan, who is referred to as "mi tío" (which means "my uncle" in Spanish), is the one vacuuming the living room. This suggests that he's taking care of the cleanliness of the living space.
4. A woman in a study dusts a desk with a cloth.
- Isabel: Isabel is the individual responsible for dusting the desk. The fact that she's in a study implies that she's likely tidying up a home office or a similar workspace.
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Final answer:
Responses address correcting grammatical errors in English sentences, focusing on subject-verb agreement, tense usage, and punctuation, which are essential components of English taught at the high school level.
Explanation:
The student is asking about various sentences and how to correct or improve them. This often involves identifying and correcting grammatical issues, such as subject-verb agreement, proper tense usage, and punctuation. These skills are key to mastering the English language and are commonly taught in high school level English classes.
For example, the sentence "There is the newspapers I was supposed to deliver" should be corrected to "There are the newspapers I was supposed to deliver", as the subject 'newspapers' is plural and requires the plural verb 'are'.
Another example is "My sister and brother cleans up after themselves." This sentence should be corrected to "My sister and brother clean up after themselves" to maintain the correct subject-verb agreement, with the plural subjects 'sister and brother' matching with the plural verb 'clean'.
If demand shifts right and price increases, then the total revenue to the group of sellers increases for both elastic and inelastic supply curves. True or false?
Answer:
Yes that is true because revenue= price multiply by quantity so if price increases then revenue will increase. the total revenue for sellers will be greater in elastic curves because the quantity supplied is increased by a larger amount than the increase in price and they wil earn more revenue and vice versa will inelastic supply curve.
In which case may a commercial real estate licensee be allowed to substitute training in other state and federal discrimination laws for fair housing continuing education?
Answer: After submitting a notarized affidavit stating that he does not and will not practice residential real estate to the board
Explanation: A notarized affidavit is an affidavit that can be used in any Court of Law as an evidence of a financial activity,Transfer of real estate etc. This affidavit must be done under Oath so that any false claims can be purnishable under the relevant laws guiding the land.
For the an affidavit to be accepted by the Court or for other establishments like schools it must be signed by a NOTARY( a person given the power to execute certain acts in legal matters such as witnessing and signing of documents).
A traditional GAAP income statement does not help managers to predict the financial results of their decisions. Which of the following is a reason for this shortcoming?
a. The GAAP statement is based on cost function rather than cost behavior.
b. The GAAP statement is based on classification rather than function.
c. The GAAP statement is based on cost behavior rather than cost function.
d. The GAAP statement is based on function rather than classification.
Answer:
A) The GAAP statement is based on cost function rather than cost behavior.
Explanation:
Income statements that follow GAAP rules categorizes expenses based on their business function: product, selling or administrative.
While cost behavior categorizes costs based on how they influence a company's activities: variable, fixed and mixed. When a manager wants to measure the impact of any decision he/she makes, they need to use this type of categorization. For example, if fixed costs increase, what is the new break even point? If variable costs decrease, how is the marginal cost affected?
In your computer repair business, it takes an employee 40 minutes to remove a virus. The employee is paid $14 per hour. What is the direct cost of this service.
Final answer:
The direct cost of the virus removal service is calculated by finding the fraction of an hour spent on the service and multiplying it by the hourly wage, resulting in a cost of $9.33.
Explanation:
To calculate the direct cost of the virus removal service provided by an employee paid $14 per hour, we need to consider how much of an hour is used to remove a virus. Given that it takes 40 minutes to remove a virus, which is ⅓ of an hour, we can proceed as follows:
First, we convert 40 minutes into hours by dividing by 60 (40 minutes ÷ 60 minutes/hour = ⅓0.6667 hours).Next, we calculate the cost for ⅓ of an hour by multiplying the hourly rate by 0.6667. The calculation would be $14 per hour × 0.6667 hours = $9.33.Therefore, the direct cost of the service is $9.33.
Physical boundaries are a convenient and effective way to announce the ending of one legal or cultural system and the beginning of another.
A. True
B. False
Answer:
True
Explanation:
Yes, it is true that physical boundaries are the most effective way to uphold the culture system within the boundary. This is because physical boundaries define some set of rules that adhere to specific boundaries only and it is the duty of the native of that boundary to obey that set of rules.
Physical boundaries aside the one legal system within the boundary from the other legal system.
________ is the activity of two or more people working together to achieve a common goal, result, or work product.
Answer:
Collaboration is the correct answer.
Explanation:
Collaboration means working mutually with others to achieve a task and business profit.Collaboration empowers people to work together to reach a defined and common company goal.Collaboration is very important in business because makes workers more effective and increases their Motivation.Collaboration helps a business in many ways such as:
It Improves self-analysis.Increased Productivity.It helps in problem-solving.Improve worker Retention.Farr, an unmarried taxpayer, had $70,000 of adjusted gross income and the following deductions for regular income tax purposes:_________Home mortgage interest on a loan to acquire a principal residence $11,000Miscellaneous itemized deductions above the threshold limitation 2,000What are Farr's total allowable itemized deductions for computing alternative minimum taxable income?a. $2,000b. $13,000c. $11,000d. $0
Answer:
C. $11,000
Explanation:
For computational purposes, both the Mortgage interest as well as the miscellaneous itemized deducted qualify as deductions based on the Schedule A which is the regular tax purposes.
However, only Mortgage interest will be allowable itemized deduction because miscellaneous itemized deductions fall under the category of adjustments and as such do not qualify for deductions under the AMT which is the Alternative Minimum Taxable Income.
Based on the explanation, only $11,000 of mortgage interest qualifies.
A basic idea of ___________ was to conduct time-motion studies to find the best way to perform each task, then teach people to use these methods. a. scientific management b. Theory Z management c. expectancy theory d. management by design
Answer:
a. scientific management
Explanation:
Scientific management -
Scientific management is also refers to as Taylorism .
According to this management practice , the work is analysed and synthesized in an appropriate manner and fashion , is referred to as scientific management.
The scientific experiments are conducted with proper procedure and management.
Hence , from the given information of the question,
The correct term is a. scientific management .
The cyclical deficit is $400 billion, potential output is $9 trillion and the tax rate is 16 percent. With this information, we can infer that the actual output of this economy is:__________________.
The cyclical deficit is $400 billion, potential output is $9 trillion and the tax rate is 16 percent. With this information, we can infer that the actual output of this economy is : $6.5 trillion.
Explanation:
The cyclical deficit occurs at the bottom of an economic cycle. A deficit occurs when the government spends more than they take in and the expenditure is more.
For calculating the cyclical deficit the tax rate must be multiplied by potential output subtracted from the actual output. So from this, we get to form that the actual output is $6.5 trillion.
__________ refers to the division of the economy into two areas of employment:, a primary sector or upper tier, composed of higher-paid (usually dominant group) workers in more secure jobs, and a secondary sector or lower tier, comprised of lower-paid (often subordinate group) workers in jobs with little security and hazardous working conditions.
Answer:
Split Labour Market
Explanation:
Proposed in the 1970s by Edna Bonacich, the Split labor market theory attempts to define the link between race or ethnicity and the segmentation of the labor market. The theory argues that the segmentation of the labor market is more a political and social structures than individual biases in employment.
For instance, depending on the type of job, an employer will determine what class of employees to target. In a job that requires cheap labor with poor health and insurance plans, an employer will favour lower tier workers who are less eager to complain than the upper tier workers who are more concerned about union requirements
The Split labour market theory used this explanation to divide the economy into the upper sector of higher paid workers in more secure jobs and the lower sector of lower-paid workers in less secure jobs.
David saves money from his teaching job to buy a new boat when he retires in 20 years. The boat will cost $30,000. He has $12,000 in his simple interest savings account. To reach his goal by retirement, David should
move his money to a compound interest account ( T/F)
Answer:
True
Explanation:
The main advantage of a compound interest account is that the interest that you earn also earns interest, so the total amount of earned interest increases.
For example, a $10,000 account earning simple interest at a 4% rate will earn $4,000 in ten years. While the same amount in a compound interest account will earn $4,802.
A company typically engages in three sets of activities. These include the day-to-day activities which are classified as ________ activities and the raising of capital needed to run the company which is considered a(n).
Answer:
Operating activities
Explanation:
A company typically engages in three sets of activities. These include the day-to-day activities which are classified as operating activities and the raising of capital needed to run the company.
Operating activities are the daily activities of a business entity which involves functions such as sales and production of product(s), revenue generation, etc.
Another way to look at operating activities are in the light of routine activities of the organisation. Cashflows generated therefrom are referred to as operating cashlows in the cashflow statement whereas profit generated from these day-to-day activities are referred to as operating profit.
The articles of partnership for Pal-Trotter Partnership provide for a salary allowance of $5,000 per month for partner Trotter, with the balance of net income to be divided equally. If Trotter made an additional investment of $10,000 during the year and withdrew $4,000 per month, and net income for the year was $80,000, by what amount did Trotter's capital increase during the year? a.$32,000 b.$10,000 c.$60,000 d.$48,000
Answer: A: $32,000
Explanation: From the question above, a salary allowance of $5000 was made per month. so for the year, its $5,000*12 = $60,000
The partnership made a net income of $80,000
therefore, $80,000-$60,000 = $20,000 net profit to be divided by the partners = $20,000 /2 = $10,000 each
Trotter made an additional $10,000 investment
he also withdrew $4000 per month for the year= $4000*12 = $48,000
his capital increase during the year:
Net profit = $10,000
Additional Investment = $10,000
Salary allowance less withdrawal = $60,000 - $48,000=$12,000
Total = $32,000.00
Final answer:
Trotter's capital increased by a. $32,000 by the end of the year.
Explanation:
The question has asked us to calculate the change in Trotter's capital given specific conditions within the Pal-Trotter Partnership. Trotter's salary allowance is $5,000 per month, which totals $60,000 per year. Next, we need to consider Trotter's additional investment and withdrawals. Trotter made an additional investment of $10,000 during the year but also withdrew $4,000 per month (which totals $48,000 per year).
The net income for the year for the partnership is $80,000. To find out the change in Trotter's capital, we have to subtract Trotter's withdrawal and add the salary allowance and half of the remaining net income after the salary allowance (since the remaining is divided equally).
First, let's calculate Trotter's share of the net income:
Net income: $80,000
Trotter's salary allowance: $60,000
Remaining net income: $20,000
The remaining net income is divided equally between the partners, so Trotter's share of the remainder would be $10,000 (half of $20,000).
Now, let's calculate the total capital increase:
Trotter's additional investment: +$10,000
Trotter's salary allowance: +$60,000
Trotter's share of remaining net income: +$10,000
Total additions: $80,000
Less Trotter's withdrawals: -$48,000
Net increase in Trotter's capital: $32,000
Therefore, the correct answer is (a) $32,000.
Martha can produce 70 quilts or 140 batches of chocolate chip cookies in a month. Jane can produce 8 quilts or 24 batches of chocolate chip cookies in a month. Distinguish between comparative advantage and absolute advantage.
Answer:
Martha can produce 70 quilts or 140 batches of chocolate chip cookies:
Opportunity cost of producing a quilt = (140 ÷ 70)
= 2 batches of chocolate chip cookies
Opportunity cost of producing a batch of chocolate chip cookie = (70 ÷ 140)
= 0.5 quilts
Jane can produce 8 quilts or 24 batches of chocolate chip cookies:
Opportunity cost of producing a quilt = (24 ÷ 8)
= 3 batches of chocolate chip cookies
Opportunity cost of producing a batch of chocolate chip cookie = (8 ÷ 24)
= 0.33 quilts
Therefore, the comparative advantage is as follows:
Martha has a comparative advantage in producing quilt because it has a lower opportunity cost of producing quilt than Jane.
Jane has a comparative advantage in producing chocolate chip cookies because it has a lower opportunity cost of producing chocolate chip cookies than Martha.
Absolute advantage:
Martha has an absolute advantage in producing both the commodities because she can produce more amount of both the goods from the same level of resources as compared to Jane.
After the previous sales representative in his territory infuriated an important customer, Benjamin visited the customer once a month, never asking for business but hoping to rebuild trust through listening and expressing concern. Finally, after more than two years, the customer gave Benjamin an order. Benjamin was providing the important marketing function of____________.
Answer:
A) engaging customers and developing long-term relationships.
Explanation:
Since the customer was extremely upset by the previous sales representative, he/she probably stopped doing business with the company. The question doesn't include any details about why the customer got so mad, but it is Benjamin's job to regain the customer's trust and sales, specially if he/she was a very important customer.
Since this customer probably purchased a significant amount of goods or services from the company, that means that the he/she liked the goods or services provided. The reason why the customer stopped doing business with the company was the fight with the previous sales representative. Sometimes it takes a long time and work to regain a customer's trust, but it is something that needs to be done. The objective of the sales department is to increase existing sales, not decrease them.
The Prime Minister of Transylvania prefers darkened rooms, flinches in bright light, and has unusually long incisors. Despite his long and successful career, his political opponents claim he is a vampire. This is an example of the _______.
A) representation biasB) confirmation biasC) selective perception biasD) randomness bias
Answer: Confirmation bias.
Explanation:
The political opponents of the Prime Minister of Transylvania have a confirmation bias towards him, where they believe he is a vampire based on some evidences they posses. A confirmation bias is a form of interpretation of events based on ideas an individual has beforehand about those events, even when the ideas are not completely correct.
The scenario is an example of the confirmation bias. The Prime Minister's opponents are focusing on aspects that confirm their belief that he is a vampire while disregarding other possible explanations.
Explanation:This scenario is an example of the confirmation bias. Confirmation bias is a type of cognitive bias that involves focusing on information that confirms existing beliefs or ideas, while ignoring or discounting information that contradicts those beliefs or ideas. In this case, the Prime Minister's opponents are utilizing characteristics which fit their theory (preferring dark rooms, flinching in bright light, having long incisors) to assert that he is a vampire. While these are indeed traits often ascribed to vampires in folklore, many other explanations for these traits could exist, so using them as sole evidence to assert he is a vampire may be seen as a confirmation bias.
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A company purchased office supplies costing $3,000 and debited Office Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $600 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:
debit Office Supplies Expense, $3,600; credit Office Supplies, $3,600.
debit Office Supplies, $600; credit Office Supplies Expense, $600.
debit Office Supplies Expense, $2,400; credit Office Supplies, $2,400.
debit Office Supplies, $2,400; credit Office Supplies Expense, $2,400.
The balance in the prepaid rent account before adjustment at the end of the year is $12,000 and represents three months rent paid on December 1. The adjusting entry required on December 31 is:
debit Prepaid Rent, $4,000; credit Rent Expense $4,000.
debit Prepaid Rent, $8,000; credit Rent Expense, $8,000.
debit Rent Expense, $12,000; credit Prepaid Rent, $12,000.
debit Rent Expense, $4,000; credit Prepaid Rent, $4,000.
Answer:
1. Debit supplies expense $2,400
Credit office supplies $2,400
2. Debit Rent expense $4,000
Credit Prepaid rent $4,000
Explanation:
1. During the time of acquisition, the company recorded it as an asset entirely, that is why they debited the whole amount as office supplies. At the end of the year, the company must recognize the expense portion of the supplies they have recorded at the beginning. The supplies on hand is only $600, therefore the company have used the $2,400 portion ($3,000 - $600). To recognize the expense portion, we must debit it and credit the asset account. So, debit supplies expense and credit office supplies in the amount of $2,400.
2. During December 1, the company uses asset method of recording the transaction that is why they have recorded the entire amount to prepaid rent. At the year end, the company must recognize the expire portion of the prepaid rent they have recorded previously. $12,000 represents 3 months of prepaid rent therefore, a rent expense of $4,000 per month occurs. The adjusting entry to record the expire portion of the prepaid rent is to debit Rent expense and credit Prepaid rent in the amount of $4,000.
When preparing journal entries, the account titles are selected using either the dropdown menu (if available) or by keying in the account titles.
A. True
B. False
Answer:
False
Explanation:
The preparation of journal entries is very important in transaction recording process, it is utilized in recording transactions either to the general ledger or via subsidiary ledger into the accounting system.
When preparing journal entries two fields are very important, the account title also called account name and the account number or account code. To prevent accounting or recording error, the account codes are selected using the drop-down menu which displays the account title or account name. This enables the account clerk to verify before posting.
Under what circumstances, when a searching operation is needed, would sequential search not be appropriate?
Answer:
Variable length and Fixed Length
Explanation:
When data base has a fixed length, then sequential search will not be appropriate. However, when database has a variable length then sequential search becomes appropriate
A married couple is trying to conceive a child. The man works outside during the hot summer months and is also taking medications that cause involuntary muscle contractions. What affect will this have on his sperm production?
Answer:
Hi
The effect on sperm production will depend on the type of medication the person is taking, for example, in the case of antipsychotic medications, in addition to causing involuntary tremors, they block dopamine, a chemical of brain origin that helps with regular responses emotional and controls the brain centers responsible for gratification and pleasure. Similarly, the levels of the hormone prolactin increase, which can cause erectile dysfunction, decreased libido and difficulties reaching orgasm, as well as blocking the action of acetylcholine, which can cause problems in all areas of the body sexual function.
Another type of medications that cause involuntary tremors and that can affect sperm production are statins and fibrates, these medications are likely to interfere with the production of testosterone, estrogens and other sex hormones by affecting the availability of cholesterol, an essential component for certain hormones
Explanation:
Mary is managing a data migration project and the project is currently in the executing phase. The project's current total earned value (EV) is $25,000 and the current schedule variance (SV) is $5,000. What is the project's current schedule performance index (SPI)?
Answer:
Schedule performance index (SPI) = 1.25
Explanation:
Earned value (EV)- planned value (PV) = Schedule variance (SV)
25000 - PV = 5000
collecting like terms means taking PV to the right-hand side of the equation & 5000 to the left-hand side of the equation.
25000 - 5000 = PV
PV = 20000
Schedule performance index (SPI) = EV ÷ PV
SPI = 25000 ÷ 20000 = 1.25
Answer:The answer is 1.25
Explanation:
To calculate SPI, we use the formula SPI = EV ÷ PV
EV = $25,000, PV = unknown , SV = $5,000
SV = EV - PV
5,000 = 25,000 - PV
Making PV the subject of formula
PV = 25,000 - 5,000
PV = 20,000
SPI = 25,000 ÷ 20,000
SPI = 1.25
Since it is greater than 1, the project is on track and has a favourable conditions
The idea that a company should attempt to satisfy its customers needs while at the same time try to achieve its own objectives is known as:_______.
Answer:
Marketing concept
Explanation:
Marketing concept is the concept or the strategy which the firms or business follow or implement or execute in order to satisfy or fulfil the needs of the customers or consumers, so that firm could increase their sales, maximize the profit and also beat the competition.
Therefore, the idea that the company need to attempt for satisfying the needs of the customers and at the same try to accomplish its own objectives as well, is called as the marketing concept.
Determine whether the study depicts an observational study or a designed experiment. A researcher obtained a random sample of 100 smokers and a random sample of 100 nonsmokers. After interviewing all 200 participants in the study, the researcher compared the rate of depression among the smokers with the rate of depression among nonsmokers. A. Observational study. B. Designed experiment
Answer:
A. Observational study
Explanation:
An observational study measures the characteristics of a population by studying individuals in a sample, but does not attempt to manipulate or influence the variables of interest.
A designed experiment applies a treatment to individuals (referred to as experimental units or subjects) and attempts to isolate the effects of the treatment on a response variable.
Hence, we can see that proposed study is observational.
Calcunick, a travel agency, organizes its labor force into departments based on the category of clients the respective department serves. These departments include individual travel, couple travel, family travel, and group travel. In this scenario, Calcunick most likely follows _____.
Answer:
Customer departmentalization
Explanation:
Customer departmentalization is where the organization's activities are ready to respond to and interact with specific customers or customer groups.
In this case, agency organized its labor into different departments based on the customer needs
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.MicroeconomicsMacroeconomics1. The effect of a large government's budget deficit on the economy's price level2. The effect of government regulation on a monopolist's production decisions3. A consumer's optimal choice when buying a flat-screen TV
Answer:
See answers below
Explanation:
1. The effect of a large government's budget deficit on the economy's price level
Macroeconomics. Macroeconomics deals with the study of the aggregate economy and the impacts of fiscal and monetary policies on the economy. Given three levels of economics participants - the consumer, firms, and the government - macroeconomics focuses on the government. Thus, the effect of a large government's budget on the economy's price level will fall under the purview of Macroeconomics.
2. The effect of government regulation on a monopolist's production decisions
Microeconomics. While this tends toward macroeconomics as it considers the effect of government regulation, it aligns more with Microeconomics as the effect is being considered on a specific firm and not the whole economy.
3. A consumer's optimal choice when buying a flat-screen TV
Microeconomics. This focuses on the consumer as an economic participant, and is thus a micro-economic concern.
The effect of a large government's budget deficit on the economy's price level is studied under macroeconomics, while the effect of government regulation on a monopolist's production decisions, and a consumer's optimal choice when buying a flat-screen TV, are analyzed within the realm of microeconomics.
Explanation:The field of economics is broadly divided into microeconomics and macroeconomics. Microeconomics primarily focuses on the actions of individual agents such as households and businesses within the economy. Meanwhile, macroeconomics looks at broader aspects of the economy as a whole.
The effect of a large government's budget deficit on the economy's price level - This topic falls under macroeconomics because it deals with the broader aspects of a nation's economy. The effect of government regulation on a monopolist's production decisions - This scenario is usually studied in microeconomics as it deals with individual firms in the market. A consumer's optimal choice when buying a flat-screen TV - This topic is a central question of microeconomics, focusing on how an individual consumer makes decisions to maximize utility. Learn more about Economics here:
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Omega Co. has annual sales of $250,000, costs of goods sold of $168,000, and assets of $322,000. Accounts receivable are $86,200. What is the receivables turnover?
Answer:
2.90 times
Explanation:
The formula and the computation of the account receivable turnover is shown below:
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
= $250,00 ÷ $86,200
= 2.90 times
The net credit sales would be equal to annual sales and the average account receivable equal to receivables turnover
All other information which is given is not relevant. Hence, ignored it