Another partner feels that this arrangement will compromise her autonomy and feels that it will look as if the office is associated with the pharmacy even if it is not. Everyone agrees that the overhead costs need to be reduced. What is the right thing to do

Answers

Answer 1

The right thing to do when a conflict of interest arises among business partners is to find a compromise.

What is a Conflict of Interest?

This refers to the situation where an individual's personal interests are in conflict with his judgments and actions in a workspace.

Hence, we can see that although your question is incomplete, I can infer that there is a conflict of interest among business partners and it would help to retain the autonomy of the partners if a compromise is reached.

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Related Questions

A savings account is called a(n) deposit because the bank can require you to make prior notice before withdrawal.

Answers

A savings account is called a time deposit because the bank can require you to make prior notice before withdrawal.

What is a time deposit?

The time deposit means a deposit kept in bank's custody which cannot be withdrawn before a particular date or can only withdrawn by notifying the bank of the withdrawal date well ahead.

The most common example of time deposit is the certificate of deposit(CD), which is the document issued to a depositor stating the amount that has been deposited, the duration of deposit, the interest rate applicable including the earliest date upon which withdrawal from the account can be initiated or executed.

In this case, the missing word is time, which when combined with deposit gives time deposit.

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Zipster is a local manufacturer of athletic shoes. Zipster has decided it wants to expand to global markets and to offer a larger selection of items. It plans to offer not just athletic shoes but also luggage and car accessories. Zipster is engaging in ______.

Answers

According to the research, Zipster is engaging in product diversification by expanding to global markets and offering a larger selection of items.

What is product diversification?

It is a strategy focused on the creation of new products or services, with the aim of finding other consumer profiles with needs or desires to serve and entering new sectors in the global markets.

It is generally linked to the fact that the company has reached a stage of growth or maturity that allows it to offer a larger selection of items that, over time, tends to consolidate the corporate brand.

Therefore, we can conclude that according to the research, Zipster is engaging in product diversification by expanding to global markets and offering a larger selection of items.

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Upscale men’s and women’s clothing stores like burberry are more likely to appeal to consumers’ ________ needs.
a. functional.
b. postpurchase.c. safety.d. psychological.e. situational.

Answers

Upscale men’s and women’s clothing stores like Burberry are more likely to appeal to consumers d. psychological needs.

Consistent with SDT there are 3 mental desires (autonomy, competence, and relatedness) which might be universally vital for psychological health and self-sustaining motivation. You can suppose these conventional needs inside the identical manner you suspect of physiological needs (e.g. starvation, thirst, sleep).

There are four basic needs:

The need for Attachmentthe need for Control/Orientationthe need for Pleasure/Avoidance of Painthe need for Self-Enhancement.

Psychosocial needs have a sturdy correlation to intellectual health problems inclusive of despair, anxiety, dementia, and delirium. All citizens in a care facility are in a brand new environment, they revel in a lack of relationships, loss of personal manipulation and identification, adjustment to the power, and continuity of care.

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On the Cartesian plane, the midpoint between two points $A(a,b)$ and $B(c,d)$ is $M(m,n)$. If $A$ is moved vertically upwards 20 units and horizontally to the right 14 units, and $B$ is moved vertically downwards 4 units and horizontally to the left 2 units, then the new midpoint between $A$ and $B$ is $M'$. What is the distance between $M$ and $M'$

Answers

The distance between M and M' is 10 units.

What is a cartesian plane?Cartesian Plane is a two-dimensional plane in the cartesian coordinate system. Rene Descartes designed the cartesian plane in the 17th century. The most important property of a cartesian plane is that it connects two branches of mathematics: Euclidean Geometry and Algebra.

To find the distance between M and M', calculate as follows:

Let,

[tex]M=[\frac{(a+c)}{2},\frac{(b+d)}{2} ]=(m,n)\\A'=(a+14,b+20); B' =(c-2,d-4)\\M'=[\frac{(a+c)+12}{2},\frac{(b+d)+16}{2}=(m+6,n+8)\\\sqrt{[(m+6-m)^{2} +(n=8-n)^{2} } =\sqrt{[6^{2} +8^{2} ]} =\sqrt{36+64} =\sqrt[]{100}\\\sqrt[]{100} =10[/tex]

Therefore, the distance between M and M' is 10 units.

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Buyer Kristin has a buyer agency agreement with Carlotta, a licensee. Kristin's brother, Dalton, is going to showings with Kristin and helping her decide which house is the best fit. Who is/are Carlotta's client(s)

Answers

The person that is going to be the client of Carlotta would be Kristen herself.

Who is a client?

This is the term that is used to refer to the person that is making use of the services of another professional.

The client has the agent working for him or her. Kristin is the direct client in this question.

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Typically, the franchisee determines the territory to be served by the franchise. Group of answer choices True False

Answers

The False statement about  Franchisee is " Franchisee is a method of distributing products or services involving a franchisor "

To find the False statement , we need to know more about Franchisee .

What is Franchisee?

A franchise (or franchising) is a method of distributing products or services involving a franchisor, who establishes the brand’s trademark or trade name and a business system, and a franchisee, who pays a royalty and often an initial fee for the right to do business under the franchisor's name and system.

Franchisee in Territorial Rights:

Whether or not the franchisee is granted a form of territorial protection wherein, for example, the franchisor will not grant competing franchises. Typically franchisees will be granted an operating territory within which they are required and restricted to conduct the operations of their franchise business.

The franchise agreement will define where the franchisee may operate the franchised business, who the franchisee may or may not sell products or service to and any protection that may be afforded to franchisee regarding his or her territory.

Thus, we can conclude that the above statement is Typically, the franchisee determines the territory to be served by the franchise is False.

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Business letters can be used to request information or action. Familiarize yourself with the organization of these direct request letters so that you can communicate your purpose and achieve a positive outcome. The body of a direct request letter should

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The body of a direct request letter should request action with an end date.

Direct Request Letter- A petition filed by an individual in a tribunal of this state in a case involving an obligee, an obligor, or a child is referred to as a direct request. In business letters, you can ask for information or a specific action. Learn how these direct request letters are structured so you can effectively convey your goals and get the results you want.
Gather information about your request.
Form an outline
Identify yourself
Make your demand
Give a justification for the request.
Offer to supply extra details
Thank you for your time, and end the letter.
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Having a large endowment of natural resources is necessary for a country to be highly productive in producing goods and services. True or false?.

Answers

The given statement is false.

Why the given statement is false?

Yes, large endowment/availability of resources is good and important for the country but measuring a country's productivity is a completely different process. Having the ability to utilize these resources and having ample resources is one thing and actually working and being efficient is one thing.

How is a country's productivity measured?

GDP and Gross Domestic Product is the major way of measuring countries' productivity.

The total monetary or market worth of all the completed products and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation since it is a wide indicator of total domestic production.

Even while GDP is frequently estimated on a yearly basis, it may also be calculated quarterly. For instance, the government of the United States produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Each data set in this report is provided in real terms, which means that it has been adjusted for price changes and is thus net of inflation.

Yes, the endowment of natural resources is a determinant of GDP but is not directly looked at to calculate or measure the Productivity of a country.

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In a small open economy, if the world real interest rate is above the rate at which national saving equals domestic investment, then there will be a trade ______ and ______ net capital outflow. a. surplus; negative b. deficit; positive c. surplus; positive d. deficit; negative

Answers

There will be a trade surplus and positive net capital outflow.

There will be a net capital outflow if the global interest rate is higher than the domestic interest rate. Exports will exceed imports, resulting in a trade surplus.

What are the characteristics of an open economy?Its economy is reliant since it depends on other nations for both imports and exports.International alterations have an impact on it.What is a trade surplus?There will be a net capital outflow if the global interest rate is higher than the domestic interest rate. export surplus A trade surplus is an economic indicator indicating a favorable trade balance where a nation's exports are more than its imports. When the outcome of the computation above is positive, there is a trade surplus. A trade surplus is the result of a net local money inflow from international markets. because exports will exceed imports.

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The discount rate is the interest rate on loans that the federal reserve makes to banks. Banks occasionally borrow from the federal reserve when they find themselves short on reserves. A lower discount rate.

Answers

This statement that has been made here about the discount rate is true about the discount rate. The discount rate is the interest rate on loans that the federal reserve makes to banks. Banks occasionally borrow from the federal reserve when they find themselves short on reserves. A lower discount rate.

What is the discount rate?

This is the term that is used to refer to the minimum rate of interest that the federal reserve bank would set for the banks in the country.

Normally a discount would mean that the things would be cheaper and people would have to spend less for the things that they buy. Hence we can say that The discount rate is the interest rate on loans that the federal reserve makes to banks. Banks occasionally borrow from the federal reserve when they find themselves short on reserves. A lower discount rate.

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A(n) ________ is a business intelligence tool which extrapolates future values based on current trends.

Answers

A forecast worksheet is a business intelligence tool which extrapolates future values based on current trends.

When an individual makes a forecast, Excel generates a new worksheet with a table of the past and future values and a chart illustrating this information. You can use a forecast to predict things like upcoming sales, inventory needs, or consumer trends.

Business intelligence (BI) tools are designed to assist a person in identifying patterns in data and drawing conclusions from them so that he/she makes tactical and long-term business choices. The majority of the time, but not always, the apps read data that has previously been stored in a data warehouse or data mart.

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In the graph above, the point E represents values which are __________ with current resource use and current technology.

Answers

In the graph above, the point E represents values which are unattainable with current resource use and current technology.

What point is the unattainable point in the PPC?

PPC refers to production possibility curve, This is a curve that shows the relationship between available resources to what can be attained.

The points outside the curve implies that the producer cannot achieve what they want given the available resources in the economy, however if the points are within the curve the available resources can meet with the intended production

Point E is a is a point that is beyond the graph, that is outside the graph. The resources available cannot attain production.

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Complete question

This is an attachment

In which project management phase is the scope of the work defined?
a. initiating.
b. planning.
c. executing.
d. closing.

Answers

n which project management phase is the scope of the work defined planning stage

Concept Project Management: An Overview. Notion gives you the tools you need to manage projects of any size and complexity, regardless of project goals. All the project management tools you know and love, like Kanban boards, calendars, roadmaps, and task lists, are just one click away in Notion.

In its broadest sense, a project manager (PM) is responsible for planning, organizing, and directing the completion of a specific project for an organization.

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When Ocean Spray decided to make its Craisins (a dried cranberry snack food) available in convenience stores, supermarkets, and vending machines, it was involved with determining _____ strategy.

Answers

Ocean Spray was involved in deciding on a distribution strategy when it decided to make its Craisins (a dried cranberry snack food) available in convenience stores, supermarkets, and vending machines.

What exactly is a distribution strategy?

The method utilized to deliver commodities, services, and products to consumers or end users is known as a distribution strategy. Depending on the product and its distribution requirements, maintaining a simple and efficient method of getting your goods and services to people frequently results in repeat business.

What is an example of a distribution strategy?

Clothing from several companies, for instance, might be supplied in a chosen manner. Instead of putting its products in a variety of retailers like Walmart or Target, a company like Gucci might decide to distribute its goods to its own stores and a few carefully chosen department stores.

Why is it vital to have distribution strategies?

By enhancing customer interactions with your organization, distribution strategy contributes to increased client satisfaction and repeat business. Additionally, it might assist you in streamlining your company to increase efficiency.

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Hannah has been researching sales of garden supplies. She wants to show the pattern that sales follow over the course of a year. Which type of graphic would be most effective

Answers

A line graph would be more effective.

A line graph is a form of chart used to show information that adjustments over time. We plot line graphs the usage of numerous factors related by way of straight strains. We also name it a line chart. the line graph accommodates of two axes referred to as the 'x-axis and 'y' axis.

Line graphs are used to tune adjustments over brief and long intervals of time. when smaller changes exist, line graphs are higher to apply than bar graphs. Line graphs also can be used to compare changes over an equal time frame for multiple groups.

A line graph, also known as a line chart, is a form of chart used to visualize the cost of something over time. as an instance, a finance department might also plot the alternate in the number of coins the corporation has handy through the years. The line graph includes a horizontal x-axis and a vertical y-axis.

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Jacoby Company received an offer from an exporter for 21,300 units of product at $17 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: Domestic unit sales price $25 Unit manufacturing costs: Variable 13 Fixed 3 The differential revenue from the acceptance of the offer is a.$532,500 b.$894,600 c.$362,100

Answers

The differential revenue from the acceptance of the offer by Jacoby Corporation is d. $85,200.

What is differential revenue?

The differential revenue is the revenue lost when a company rejects a special order or an alternative decision is made.

Data and Calculations:

Exporter's offer = 21,300 units at $17 per unit

Domestic selling price per unit = $25

Variable costs per unit = $13

Fixed costs per unit = $3

Contribution margin per unit based on the special offer = $4 ($17 - $13)

Differential revenue = $85,200 ($4 x 21,300)

Thus, the differential revenue from the acceptance of the offer by Jacoby Corporation is d. $85,200.

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Question Completion with Answer Options:

a. $532,500

b. $894,600

c. $362,100

d. $85,200

Companies like State Farm, a leading property and casualty insurance company, believe that the best way to create relationships with customers is to join them in activities they enjoy. Which type of market segmentation best captures this combination of age and interest in contemporary or alternative music

Answers

The type of market segmentation best captures the combination of age and interest in contemporary or alternative music is called "Demographic segmentation marketing".

What is market segmentation?

Market segmentation is to pinpoint specific customer groups so that merchandise and branding can be tailored to appeal to them. There are many different ways to segment markets, including geographically, demographically, or behaviorally.

What is Demographic segmentation marketing?

By focusing on characteristics like age, gender, income, occupation, and family status, demographic segmentation separates current and potential customers into groups.

The importance of Demographic segmentation marketing are-

You can target your marketing strategy more precisely with demographic segmentation. It aids in vision clarification, gives future advertising plans more focus, and helps you make the most of your time, money, and resources. You should target this group if the average age of your customers is between 20 and 35.Companies can better grasp their potential markets thanks to these smaller sectors, which also helps them manage their time and resources.

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If a perfectly competitive industry were taken over by a monopoly, the monopoly would usually produce more output and charge a higher price.

Answers

If a perfectly competitive industry were taken over by a monopoly, the monopoly would usually produce more output and charge a higher price. This statement is false.

What is Monopoly?A monopoly is a market arrangement where one producer or seller holds a disproportionate amount of power within a certain market. Monopolies are forbidden in free-market economies as they limit customer alternatives and impede competition.Antitrust laws are in existence in the US to prevent monopolies, guaranteeing that one company cannot dominate a market and take advantage of its dominance to take advantage of its customers.A single vendor in a market or industry with substantial entry barriers, such as high beginning costs, and no competitors is considered to have a pure monopoly.

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The concept that smaller sized companies are riskier and, therefore, should have a higher cost of equity is known as which of the following

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The concept that smaller sized companies are riskier and, therefore, should have a higher cost of equity is known as the size premium.

What is Equity?Equity, also known as shareholders' equity or owners' equity for privately held businesses, is the sum of money that would remain in the hands of a company's shareholders in the event that all of its assets were sold off and its liabilities were fully settled. It is the worth of company sales less any obligations owing by the company that were not transferred with the sale in the case of an acquisition.

One of the most frequently used pieces of information by analysts to evaluate a company's financial health is equity, which can be found on a company's balance sheet.

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The total dollar value of all assets owned by consumers in the economy less the dollar value of their liabilities is called consumer

Answers

The total dollar value of all assets owned by consumers in the economy less than the dollar value of their liabilities is called consumer wealth.

The effect on the spending of modifications within the real price of money balances. All through inflation, as charges rise, the actual shopping strength of the money people already maintain is going down. this is anticipated to make humans more likely to keep and less probably to spend their earnings.

An agenda or curve displaying the total amount of goods and offerings furnished (produced) at different fee tiers. The mixture delivers curve is related to a time period in which output fees (specifically nominal wages) are absolutely responsive to modifications within the fee stage.

A decline in wealth prompts purchasers to shop more and spend much less which shifts the combination demand curve to the left.

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Help please
The initial impact of the​ Fed's open market sale of government securities by the Federal Reserve is
A.
a fall in the money supply by some multiple of the dollar volume of the sale.
B.
a reduction of the commercial banking​ system's reserve deposits at the Fed.
C.
an increase in the money supply by some multiple of the dollar volume of the sale.
D.
an increase in commercial bank deposits at the Fed.

Answers

When there is a Fed open market sale, the initial impact is D. an increase in commercial bank deposits at the Fed.

What happens when the Fed sells securities?

When the Fed sells securities, the impact is that people will use dollars to buy the securities and so the volume of money in the economy will decrease.

The way this happens is that the Fed will take money from commercial banks which would increase commercial banking deposits at the Fed.

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A _____________ is a fee levied by your lender that represents pre-paid interest on your mortgage loan.

Answers

A foreclosure is a fee levied by your lender that represents pre-paid interest on your mortgage loan.

What is foreclosure?

foreclosure serves as the the action of taking in the possession of a mortgaged property in case they fail to meet up with  mortgage payments.

In this case, A foreclosure is a fee levied by your lender that represents pre-paid interest on your mortgage loan.

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Greg has started a small grass cutting business. When is he expected to pay income tax on his earnings?

Answers

Answer:

honestly not sure

Explanation:

i just need points

A tax that imposes a small excess burden relative to the tax revenue that it raises is.

Answers

A tax that imposes a small excess burden relative to the tax revenue that it raises is an efficient tax.

What Exactly Is Tax Efficiency?

The least amount of taxes that are legally required to be paid by a person or a corporation is known as tax efficiency. When a financial choice results in a lower tax bill than a competing financial structure that serves the same purpose, the choice is said to be more tax-efficient.

Tax-Advantaged Mutual Fund

Another approach to lower tax obligations is to invest in a tax-efficient mutual fund, particularly for taxpayers without access to a tax-deferred or tax-free account. In comparison to other mutual funds, a tax-efficient mutual fund is taxed at a reduced rate. Compared to the standard mutual fund, these funds often produce lower rates of returns through dividends or capital gains.

Mutual funds that provide little to no interest income or dividends include small-cap stock funds and passively managed ones, including exchange-traded funds (ETFs) and index funds.

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Why must an agent present accurate complete and factual plan information to consumers?

Answers

Can aid in preventing misconceptions.

To aid the buyer in concentrating on facts unique to the plan, such as benefits and prices.

To assist in preventing customer confusion.

Presenting accurate, complete, and factual plan information to consumers is essential for several reasons. Firstly, it helps to avoid misunderstandings between the consumer and the agent. Accurate information ensures that the consumer has a clear understanding of what the plan entails, minimizing the chances of false expectations or misconceptions.

Secondly, providing comprehensive details allows the consumer to focus on plan-specific information, such as benefits and costs, enabling them to make informed decisions aligned with their needs. Moreover, accurate information prevents confusion, ensuring that consumers can navigate through their options confidently.

In essence, transparent and factual communication fosters trust, empowers consumers to make well-informed choices, and establishes a positive relationship between the agent and the consumer.

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Using resource allocation as an indicator of the significance of an office's task, a significant task of the Texas attorney general involves which of the following

Answers

Answer: Child support

Explanation:

What types of performance measures you will use to measure the performance of your informatics solution project

Answers

Workload or output measures, Efficiency measures, Effectiveness or outcome measures and Productivity measures will use to measure the performance of our informatics.

The study of the composition, dynamics, and interactions of biological and artificial computer systems is known as informatics. The representation, processing, and exchange of information in unnatural and artificial systems are the subjects of informatics.

The study of computing systems, particularly those used for data storage and retrieval, is known as informatics. According to ACM Europe and Informatics Europe, the terms "informatics" and "computer science," both of which center on the transformation of information, are interchangeable.

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What kinds of plans are of most concern to the working supervisor? why?

Answers

Working supervisor should make the following plans:

Manpower planning: In this planning supervisor determines how much manpower is required by him and what will be their skills.

Scheduling: After manpower planning supervisor prepares the schedule of works.

Communication: The schedules prepared are then communicated by the supervisor.

After the communication the plan is set and implemented however the supervisor oversights the plan at that time and if there remains any discrepancy  it is controlled by the supervisor.

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When sodium chloride, NaCl , is added to water, it forms a solution. The steps involved in the dissolution of NaCl in water are shown below.

Answers

Surely, when sodium chloride, NaCl , is added to water, it forms a solution which

is known as homogeneous solution

This dissolution of sodium chloride in water forms sodium and chloride ions

The chemical equation for the reaction is given below:

NaCl(s) + H2O(l) ⇌ Na+(aq)+Cl−(aq)

Reaction wise, when sodium chloride, NaCl , is added to water, the water molecules pull the sodium and chloride ions far apart, thereby; breaking the ionic bond that held them together. After the salt compounds are pulled apart, the sodium and chloride atoms are surrounded by water molecules

What is homogeneous solution?

Homogeneous solutions can be defined as those solutions with uniform composition and properties throughout the solution.

So therefore, surely, when sodium chloride, NaCl , is added to water, it forms a solution which is known as homogeneous solution

NaCl(s) + H2O(l) ⇌ Na+(aq)+Cl−(aq)

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The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $119.70 on December 31, 20Y2.
Stargel Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Retained earnings, January 1 $5,375,000 $4,545,000
Net income $900,000 $925,000
Dividends:
On preferred stock (45,000) (45,000)
On common stock (50,000) (50,000)
Increase in retained earnings $805,000 $830,000
Retained earnings, December 31 $6,180,000 $5,375,000
Stargel Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
20Y2 20Y1
Sales $10,000,000 $9,400,000
Cost of goods sold (5,350,000) (4,950,000)
Gross profit $4,650,000 $4,450,000
Selling expenses $(2,000,000) $(1,880,000)
Administrative expenses (1,500,000) (1,410,000)
Total operating expenses $(3,500,000) $(3,290,000)
Operating income $1,150,000 $1,160,000
Other revenue and expense:
Other revenue 150,000 140,000
Other expense (interest) (170,000) (150,000)
Income before income tax expense $1,130,000 $1,150,000
Income tax expense (230,000) (225,000)
Net income $900,000 $925,000
Stargel Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Y2 20Y1
Assets
Current assets:
Cash $500,000 $400,000
Marketable securities 1,010,000 1,000,000
Accounts receivable (net) 740,000 510,000
Inventories 1,190,000 950,000
Prepaid expenses 250,000 229,000
Total current assets $3,690,000 $3,089,000
Long-term investments 2,350,000 2,300,000
Property, plant, and equipment (net) 3,740,000 3,366,000
Total assets $9,780,000 $8,755,000
Liabilities
Current liabilities $900,000 $880,000
Long-term liabilities:
Mortgage note payable, 10% $200,000 $0
Bonds payable, 10% 1,500,000 1,500,000
Total long-term liabilities $1,700,000 $1,500,000
Total liabilities $2,600,000 $2,380,000
Stockholders' Equity
Preferred $0.90 stock, $10 par $500,000 $500,000
Common stock, $5 par 500,000 500,000
Retained earnings 6,180,000 5,375,000
Total stockholders' equity $7,180,000 $6,375,000
Total liabilities and stockholders' equity $9,780,000 $8,755,000
Required:
Determine the following measures for 20Y2, rounding to one decimal place, except dollar amounts which should be rounded to the nearest cent.
1. Working capital 2,790,000
2. Current ratio 4.1
3. Quick ratio 2.5
4. Accounts receivable turnover 16
5. Number of days' sales in receivables days
6. Inventory turnover
7. Number of days' sales in inventory days
8. Ratio of fixed assets to long-term liabilities
9. Ratio of liabilities to stockholders' equity
10. Times interest earned
11. Asset turnover
12. Return on total assets
13. Return on stockholders' equity
14. Return on common stockholders' equity %
15. Earnings per share on common stock
16. Price-earnings ratio
17. Dividends per share of common stock $
18. Dividend yield %

Answers

Based on the comparative financial statements of Stargel Inc, the financial ratios are:

$2,790,0004.12.516.022.8 days 2.2. times 73 days 2.20.47.61.1 times 11.5%13.3%13.6%$8.5514.0$0.500.4%

What are Stargel's financial ratios?

Working capital:

= Current assets - Current liabilities:

= 3,690,000 - 900,000

= $2,790,000

Current ratio:

= Current assets / Current liabilities

= 3,690,000 /900,000

= 4.1

Quick ratio:

= 2,250,000 / 900,000

= 2.5

Receivables turnover ratio:

= Net credit sales /Average accounts receivable

= 10,000,000 / 625,000

= 16 times

Number of days' sales in receivables days:

= Average accounts receivable / Average daily sales

= 625,000 / 27,397.26

= 22.8 days

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