Presented here is basic financial information (in millions) from the annual reports of Blossom and Sunland. Blossom Sunland
Sales $20,700 $14,000
Allowance for doubtful accounts, Jan. 1 79.0 112
Allowance for doubtful accounts, Dec. 31 79.0 112
Accounts receivable balance (gross), Jan. 1 2,500.0 2,100
Accounts receivable balance (gross), Dec. 31 2,900.0 1,500

Required:
Calculate the accounts receivable turnover and average collection period for both companies.

Suppose an economist believes that the price level in the economy is directly related to the money supply, or the amount of money circulating in the economy. the economist proposes the following relationship: p=a x m - p=price level - m=money supply - a=a composite of other factors, including real gdp, that change very slowly over time. how might an economist gather empirical data to test the proposed relationship between money and the price level? an economist would persuade the federal reserve to change the money supply to various levels, and observe the resulting changes in the price level. unlike researchers in the hard sciences, economists cannot study complex relationships using data. economists do not usually develop theoretical models of the economy but only analyze summary statistics about the current state of the economy. an economist would look for data on past changes in the money supply, and note the resulting changes in the price level

Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?

At a small store, a customer enters the front door on average every 8 minutes. a prior study indicated that the time between customers entering the front door during weekdays follows an exponential distribution. what is the probability that the time between customers entering the store on a weekday will be less than or equal to 7? select one: a. 62 b. 43 c. 1/8 d. 7/8 e. 58