(evaluating liquidity) the tabor sales company had a gross profit margin (gross profits divided by ÷sales) of 30.4 percent and sales of $9.2 million last year. seventy-five percent of thefirm's sales are on credit and the remainder are cash sales. tabor's current assets equal $2.1 million, its current liabilities equal $319,000, and it has $99,000 in cash plus marketable securities.

a. if tabor's accounts receivable are $562,500, what is its average collection period?

b. if tabor reduces its average collection period to 19 days, what will be its new level of accounts receivable?

c. tabor's inventory turnover ratio is 9.5 times. what is the level of tabor's inventories?

Which of the following accurately describes one way that individual goods differ from public goods? a. people can be excluded from using individual goods if they don't pay. b. all individual goods are normal goods. c. demand for individual goods is always inelastic. d. consumer rivalry results in decreasing marginal utility for individual goods.2b2t

How does hipaa address employee’s access to e-phi?

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005