Calculate the Buoy Company's accounts receivable turnover ratio for this year. (round to 2 decimal places. e. g. enter 5.87649 as 5.88) Last Year This Year Cash $23,068 $20,620 Accounts Receivable $40,558 $47,510 Inventory $70,767 $76,683 Sales $168,576 $195,099 Cost of Goods Sold $82,791 $85,740 Net Income $39,074 $36,136

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false