Corner Supply has a current accounts receivable balance of $246,000. Credit sales for the year just ended were $2,430,000. How many days on average did it take for credit customers to pay off their accounts during this past year
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Ответ:
See below
Explanation:
Given the above information, the average debtor days is computed as seen below.
= Total receivables / Credit sales × 365
Total receivables = $246,000
Credit sales $2,430,000
Then,
Average debtor days
= $246,000 / $2,430,000 × 365
= 36.95 days
Hence, it would take 36.95 days on the average for credit customers to pay off their debts during this past year
Ответ:
Bonds will be the least risky since there is no risk involved at all. Bonds give out guaranteed payments and A rated bonds will be even more secure.
The next would be property. Since property is a physical asset, the risk involved is relatively lower than stocks.
The next would be retirement plans which would typically have bonds and stocks.
The most risky would be speculative stocks.
The order from least risky to most risky would be:
1. A rated bonds
2. Property
3. Retirement plans
4. Speculative stocks