Business, 26.11.2019 00:31 atkinsonsinbraz
Swiss clothing store had a balance in the accounts receivable account of $820,000 at the beginning of the year and a balance of $780,000 at the end of the year. net credit sales during the year amounted to $7,200,000. the accounts receivable turnover ratio was
a. 9.2 times.
b. 9.0 times.
c. 8.4 times.
d. 8.8 times.
Answers: 2
Business, 21.06.2019 20:20
while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had him remove the expensive carpeting. the building inspector stated that according to federal regulations, the office must be wheelchair accessible as it is a public area. he further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. this scenario illustrates how a company is influenced by the component of its specific environment.
Answers: 2
Business, 21.06.2019 21:50
Franklin painting company is considering whether to purchase a new spray paint machine that costs $4,800. the machine is expected to save labor, increasing net income by $720 per year. the effective life of the machine is 15 years according to the manufacturer’s estimate. required determine the unadjusted rate of return based on the average cost of the investment.
Answers: 2
Business, 22.06.2019 18:00
What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
Answers: 1
Swiss clothing store had a balance in the accounts receivable account of $820,000 at the beginning o...
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