E8-16 analyzing and interpreting receivables turnover ratio and days to collect [lo 8-4] shipit corporation reported the following rounded amounts (in millions): 2016 2015 accounts receivable $ 5,315 $ 5,020 allowance for doubtful accounts (245 ) (250 ) accounts receivable, net of allowance $ 5,070 $ 4,770 net sales (assume all on credit) $ 47,500 $ 46,200 required: determine the receivables turnover ratio and days to collect for 2016. (use 365 days in a year. do not round intermediate calculations. round your final answers to 1 decimal place.)
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Business, 22.06.2019 01:50
Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship
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Business, 22.06.2019 09:40
Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?
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Business, 22.06.2019 10:00
Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.
Answers: 1
Business, 22.06.2019 14:50
Ann chovies, owner of the perfect pasta pizza parlor, uses 20 pounds of pepperoni each day in preparing pizzas. order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. if she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
Answers: 3
E8-16 analyzing and interpreting receivables turnover ratio and days to collect [lo 8-4] shipit corp...
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