For a firm, the receivables turnover is 33.5, the closing inventory is $120,000, and the accounts payable balance is $52,000. Assuming there are 360 days in a year, the receivables collection period is:?
A. 19.23 days.?
B. ?13.77 days.
C. ?14.56 days.
D. ?12.25 days.
E. ?10.75 days.
Answer: E
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On January 1, 2018, Belview, Inc. issued long-term notes payable for $50,000. The note will be paid over 10 years with payments of $5,000 plus 12% interest due each January 1, beginning January 1, 2019. The amortization schedule for the first three payments is provided.
Prepare the journal entries for the issuance of the note and for the January 1, 2020 note payment. Omit explanation.
A crane has a mean time between failures of 186 hr and mean time to repair of 15 hr. In this case, the availability is ______.
A. 0.925 B. 0.930 C. 0.920 D. 0.890
The most important part of your preparation for a professional presentation is deciding what you want to accomplish
Indicate whether the statement is true or false
If a project is expected to be completed in 68 days with a project variance of 9 days, what is the probability that the project will be completed within 50 days?
a. 0% b. between 5% and 10% c. between 15% and 30% d. over 35%