Lenox Company has the following financial data: 2020 2019 Assets Current Assets: Cash and Cash Equivalents $ 2,000 $ 1,900 Accounts Receivable 2,800 1,600 Merchandise Inventory 1,200 1,000 Prepaid Expenses 1,300 2,100 Total Current Assets 7,300 6,600 Other Assets 16,000 15,000 Total Assets $ 23,300 $21,600 Liabilities Current Liabilities $ 7,000 $ 8,000 Long-term Liabilities 4,000 3,500 Total Liabilities 11,000 11,500 Stockholders’ Equity Common Stock, no par $ 6,500 $ 4,300 Retained Earnings 5,800 5,800 Total Stockholders’ Equity 12,300 10,100 Total Liabilities and Stockholders’ Equity $ 23,300 $ 21,600 2020 Net Sales $ 40,000 Cost of Goods Sold 9,000 Gross Profit 31,000 Operating Expenses 16,000 Operating Income 15,000 Interest Expense 300 Income Before Income Taxes 14,700 Income Tax Expense 2,400 Net Income $ 12,300 What is Lenox Company’s days sales in receivable?

Answer:

25.55 days

Explanation:

Days Sales in Receivable = Accounts Receivable ÷ (Sales / 365)

therefore

2020 = $2,800 ÷ ($ 40,000 / 365) = 25.55 days

Pilgrim Industries scheduled its annual employee ice-hockey match at Celestial City Ice Resort. The resort was to provide a suitable ice-skating pond on-site for the game. Two weeks before the meeting, the pond is ordered to be drained by government environmental officials. The government bans any use of the property until environmental cleanup efforts are complete (approximately one year). The Pilgrim-Celestial contract could be discharged via the doctrine of:

Can ah budget include donations to charities

Morris Ronaldo runs a small sole proprietorship that has one truck that is used solely in the business. It had a cost of $70,000 but a tax basis of only $19,000. However, it has a fair value of $22,000. It is traded for a similar truck with a list sales price of $80,000. To make the sale, the dealer reduced the price by $24,000 as a trade-in allowance for the old truck. Morris paid the $56,000 difference in cash. This exchange qualifies for section 1031 like-kind nonrecognition of gain treatment. Group of answer choices True False

Use the drop-down menus to explain how to create a one-to-one relationship using the primary keys of two tables.
1. Open the database.
2. On the Database Tools tab, in the Relationships group, click
3. On the Relationship Tools Design tab, in the Relationships group, click
4. In the dialog box, click one of the tables to add, and click Add
5. Click the other table to add, click Add, and click
6. Click and drag the primary key from a table, and drop it on the primary key of the other table.
7. In the Edit Relationships dialog box, make sure the correct fields are being linked.
8. Click the Enforce Referential Integrity checkbox, and click

On June 30, 2021, the Esquire Company sold merchandise to a customer and accepted a noninterest-bearing note in exchange. The note requires payment of $41,000 on March 31, 2022. The fair value of the merchandise exchanged is $39,155. Esquire views the financing component of this contract as significant. Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), any December 31, 2021 interest accrual, and the March 31, 2022 collection. 2. What is the effective interest rate on the note

Louis purchased $5,000 worth of stock three years ago and sold it today for $7,000. He received no dividends from this investment. Inflation averaged 4% during the three years he owned the stock. What was his annualized real rate of return on this investment?

At the beginning of the current year, Martin Corporation purchases 20% of the outstanding shares of Foster Company for $200,000 which gave Martin the ability to significantly influence Foster. The price paid reflected Foster's book and fair values of its assets and liabilities. During the current year, Foster reports net income of $25,000 and declares dividends of $15,000. At the end of the current year, what amount should Martin report as investment income from its ownership of Foster's shares?

An employee who has a shorter work schedule with either fewer hours each day or fewer days each week.

In the Challenge​ Solution, would it make a difference to the analysis whether the​ lump-sum costs such as registration fees are collected annually or only once when the firm starts​ operation? How would each of these franchise taxes affect the​ firm's long-run supply​ curve? The Federal Motor Carrier Safety Administration​ (FMCSA) along with state transportation agencies in 38 states administer interstate trucking licenses through a Single State Registration System. ​ However, the registration process is​ complex, time​ consuming, and expensive. There are many fees and costly regulations that a trucker or firm must meet to operate. For​ example, for a large​ truck, the annual federal interstate registration fee can exceed​ $8,000. These largely​ lump-sum costswhich are not related to the number of miles drivenhave increased substantially in recent years. What effect do these new fixed costs have on the trucking market price and​ quantity? Are individual firms providing more or fewer trucking​ services? Does the number of firms in the market rise or​ fall? The Challenge Solution suggests the market price will increase and the market quantity will decrease. ​ Further, the number of firms in the market will​ fall, although each firm remaining in the market will produce more. Instead of being collected​ annually, if the​ lump-sum costs are collected only once​ (when the firm starts​ operation), then

Assume that the required reserve ratio is 10 percent, banks keep no excess reserves and borrowers deposit all loans made by banks. Suppose you have saved $100 in cash at home and decide to deposit in your checking account. As a result of your deposit, the money supply can increase by a maximum of Group of answer choices

PLZZZZ HELPP FASST
In what way is the stock market a minor indicator of the health of the economy?

What criteria should be met before a data bar can be used in a report? Check all that apply. text fields numerical field drop-down menus all are primary keys all values can be compared length depends on value in field​

Toxic materials, of an abnormally dangerous nature, were being transported by truck from a manufacturer's plant to a warehouse when some of the materials leaked from the truck onto the street a few miles from the plant. A driver lost control of his car when he hit the puddle of spilled toxic materials on the street, and he was injured when his car hit a stop sign. In an action for damages by the driver against the manufacturer based on strict liability, is the driver likely to prevail

A customer who buys a cup of coffee because they're feeling sleepy during the workday has experienced which of the following?

an internal stimulus

an external stimulus

an emotional appeal

a lexical appeal

Economics (FoolProof)

I should do my best to get a credit card from a company that will tell me both my interest rate and my credit limit before I commit to taking the card.

True or False

Toyota introduced a new mid-sized SUV, which it priced at $30,000. However, many customers did not want to buy this new model because many competitors were offering a similar car for $27,000. Therefore, Toyota informed its prospective customers that in addition to the equivalent cost of the car, they were also receiving services above that of the competition. Toyota's car care service is valued at $4,000 and the extended warranty is valued at $2,000. Therefore, when buying the Toyota SUV for $30,000, the customers are actually receiving a discount of $3,000. This technique is known as

Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..

Read the thesis statement from a historical essay. Determine which type of claim the author is making (claim of fact, definition, policy, value, or cause and effect) and why the claim fits this designation. Finally, provide an example of the type of evidence the author should use to best support the claim. (4 points)

Washington, D.C., should not become the 51st state, because making our nation's capital a state provides no economic benefits, nor did the Founding Fathers intend for it to ever become a state.

Unions Group of answer choices and firms paying wages above equilibrium to improve worker effort both create structural unemployment. creates frictional unemployment, while firms paying wages above equilibrium to improve worker effort creates structural unemployment. and firms paying wages above equilibrium to improve worker effort both create frictional unemployment. creates structural unemployment, while firms paying wages above equilibrium to improve worker effort creates frictional unemployment.

Which of the following tips can hurt your cash flow? A. Increase your sales. B. Pay your bills early. C. Keep a cash reserve. D. Offer credit only to low risk borrowers. Please select the best answer from the choices provided A B C D

should I rko my handicap grandma

HELP IM TIMED

Which IS NOT a career pathway in the Marketing, Sales and Service Pathway?

Group of answer choices

Marketing Information Management and Research

Professional Sales and Marketing

Refrigerator Repair

E-Marketing

Standards for the Code of Ethics for Market Intelligence Professionals includes to manipulate the data as the researcher sees fit. to provide honest and realistic recommendations and conclusions in the execution of one's duties. to comply with enforced laws, allowing for bribery where socially acceptable. to abide by personal guidelines, even if they fall out of line with the company's guidelines. to conceal information, such as one's identity, for the integrity of the results.

When participating in the
___________ ___________ ___________ students and FBLA Chapters
are able to compete with students and chapters ranked the best in the state in competitive events.
The election of State officers occurs at this event.

O National Leadership Conference

O Fall Leadership Conference

O State Leadership Conference

O Regional Leadership Conference

What are some benefits of paying taxes? Check all that apply.

ensuring that the needs of the nation are fulfilled
paying for public works such as highways and museums
reducing the amount of money consumers can spend
slowing growth in the economy
paying for government programs that help citizens

In 30-50 words, describe credit score

Dove and Eagle formed a business entity in which they are equal owners. Dove contributed cash of $100,000, and Eagle contributed land with a basis of $40,000 and fair market value of $100,000. For its first year of operations, the entity had taxable income of $60,000 and made no distributions. At year end it had outstanding recourse liabilities to third parties of $10,000. Eagle had a basis of $70,000 in the entity at the end of the first year of operations. What type of entity was formed

Bayer AG clustered all of its business operations into six groups under an umbrella company called Bayer World. Each of these six groups have included several subgroups comprised of product categories such as as dyestuffs, fibers, or chemicals. At the same time, each of its administrative and service functions were placed under Bayer World into one of several functional groups, such as marketing, human resources, plant administration, or finance. In addition, top executives who had headed functional groups in the past, were given authority over different geographical regions, which, like the product groups, were supported by and intertwined with the functional groups. The final result of the new organizational structure divided the original nine functional areas into 19 multidisciplinary, interrelated business groups. The new organizational structure that Bayer AG adopted was a _____structure.

gives 2 examples of an advocacy campaign and discusses two ways it can create awareness

PLS HELP WILL GIVE BRAINLIEST
Which of the following usually describes your natural skill?
Ability
Talent
Hobby
None of these