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OMG OMG-OCEB2-FUND100
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NEW QUESTION: 1
HOT SPOT
Answer:
Explanation:
Explanation
NEW QUESTION: 2
Gartshore Inc. is a mail-order book company. The Company recently changed its credit policy in an
attempt to increase sales. Gartshore's variable cost ratio is 70 percent and its required rate of return is 12
percent. The company projects that annual sales will increase from the current level of $360,000 to
$ 432,000, but the average collection period on receivables will go from 30 days to 40 days. Ignoring any
tax implications, what is the cost of carrying the additional investment in accounts receivable, using a
3 60-day year?
A. $2,000
B. $12,600
C. $1,512
D. $2,160
Answer: C
Explanation:
Choice "a" is correct. The cost of carrying accounts receivable now is the variable cost of creating the
account receivable times the cost of that capital during the collection period. The cost of the investment in
accounts receivable is now:
Choice "c" is incorrect. This considers the entire account receivable as a cost.
Choices "b" and "d" are incorrect, per the above calculation.
NEW QUESTION: 3
CORRECT TEXT
You receive a prescription for amoxicillin 75 mg QID for ten days. How many mls of amoxicillin 250
mg/5ml do you need to fill this prescription to last the full ten days?
Answer:
Explanation:
6 0 ml
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Q&A Update On | : January 3, 2019 |
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