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Schach [20]
2 years ago
9

"Swiss Clothing Store had a balance in the Accounts Receivable account of $920,000 at the beginning of the year and a balance of

$980,000 at the end of the year. Net credit sales during the year amounted to $6,650,000. The average collection period of the receivables in terms of days was:"
Business
1 answer:
Fudgin [204]2 years ago
6 0

Answer:

Receivable days are 52 days.

Explanation:

Receivable days can be found from the following formula:

Receivables days = Receivables / Credit Sales * 365

The credit sales here is $6,650,000 during the year and the average receivables days is $950,000 [(950,000 + 980,000)/2] during the year. By putting the values we have:

Receivables days = $950,000 / $6,650,000  * 365 = 52 days

So the average receivable collection days were 52 days during the year.

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In 2017, BPhone produces 5000 mobile phones and the total labor used to make the 5000 mobile phones is 4000 hours. Using the app
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Answer:

d.1.25

Explanation:

To find the productivity ratio, we use this formula:

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1 year ago
Wages paid to inspectors, factory accountants, and plant supervisors are classified as __________ __________, while wages paid t
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Answer:

Indirect Labour Cost, Direct Labour Cost

Explanation:

Direct Labour Cost

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Indirect Labour Cost

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5 0
1 year ago
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Verizon [17]

Answer:

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Therefore, since John notified his financial institution on Thursday which is still within 2 business days, his liability is still $50 based on the provisions of the EFTA and also the FCBA.

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