Maddox Resources has credit sales of $197,000 yearly with credit terms of net 30 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its customers take the full 30 days to pay. (Use 365 days in a year.)

a-1. What is the average receivables balance? (Do not round intermediate calculations. Round the final answer to nearest whole dollar.)

Accounts receivable balance $

a-2. What is the receivables turnover? (Round the final answer to 2 decimal places.)

Receivables turnover x

b. If Maddox offered a 3 percent discount for payment in 10 days and every customer took advantage of the new terms, what would the new average receivables balance be? Use the full sales of $197,000 for your calculation of receivables. (Do not round intermediate calculations. Round the final answer to nearest whole dollar.)

New receivable balance $

c-1. If Maddox reduces its bank loans, which cost 15 percent, by the cash generated from reduced receivables, what will be the net gain or loss to the firm? Use the full sales of $197,000 for your calculation of receivables. (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Round the final answer to nearest whole dollar. Omit $ sign in your response.)

-3

step-by-step explanation:

a drawing really does here:

so i draw the horizontal line y=2 and the vertical line x=-2 at this intersection i put b (this is where my right angle is going to be).   so point b is at (-2,2).   point a is 5 units long and is also on y=2 so this point has to be (3,2) or (-7,2) -doesn't matter i will go with (3,2).

now we know c is at (-2,y) we don't know the y yet bet we know that c is on x=-2.

we have the area of the triangle is .5bh=12.5

we know the base length is 5 (ab)

we have the height is (2-y) if you look at your

plug in

.5(5)(2-y)=12.5

solve for y to get the y-coordinate for c

2.5(2-y)=12.5

divide both sides by 2.5 giving:

2-y=5

now subtract 2 on both sides

-y=3

y=-3

step-by-step explanation:

we are given a graph for system of inequalities.

in order to write the system of inequalities for the given graph, we need to find the inequality for each of the line separately.

let us find the slope of dotted line first.

taking two coordinates on the graph.

let us say (0,0) and (3,1).

let us find the slope of the line now.

slope of the dotted line would be =.

y-intercept of dotted line is y=0 only.

plugging slope m= and b=0 in slope-intercept form y=mx+b, we get

.

the line is shaded up of that dotted line.

therefore, for shading up we would take greater than inequality symbol > .

and because it's a dotted line we would take only > symbol in place of = sign in above equation of line.

therefore, inequality for dotted line would be

let us take two points (3,1) and (0,4) on the solid line.

slope of the solid line would be =.

for the solid line we have y-intercept b= 4.

plugging slope m= -1 and b=4 in slope-intercept form y=mx+b, we get

y = -1x + 4.

the line is shaded down of that solid line.

therefore, for shading down we would take less than inequality symbol < .

and because it's a solid line we would take ≤ symbol in place of = sign in above equation of line.

therefore, inequality for solid line would be

it has changed from the width and the height.

step-by-step explanation:

exa:

)

3+11

14

step-by-step explanation:

from this example, we can see that subtracting with integers is the same as adding the opposite. we can solve using a number line or by using the saying "keep, change, change" to us solve. it is important to remember that we can subtract a negative and end up with a larger number than we started with.