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Rama09 [41]
2 years ago
10

excerpts from hulkster company's december 31, 2021 and 2020, financial statements are presented below: 2021 2020 accounts receiv

able $ 60,000 $ 46,000 merchandise inventory 38,000 55,000 net sales 212,000 200,000 cost of goods sold 134,000 118,000 total assets 445,000 415,000 total shareholders' equity 260,000 235,000 net income 47,500 38,000 Hulkster's 2021 receivables turnover is: (Round your answer to 2 decimal places.) Multiple Choice o О 2.23. o 337. o 04.00. c 742.
Business
1 answer:
elena-14-01-66 [18.8K]2 years ago
3 0

Answer:

2.00 times

Explanation:

The computation of receivables turnover ratio is shown below:-

Receivable turnover ratio = Net Sales ÷ (Beginning receivables + Ending receivables) ÷ 2

= $212,000 ÷ ($60,000 + $46,000)

= $212,000 ÷ $106,000

= 2.00 times

Therefore, for computing the receivable turnover ratio of 2021 we simply applied the above formula and as per the question the option is not available.

You might be interested in
Rebecca is the office manager for a medium-sized production company. She writes to her boss asking if one of the office assistan
Alenkasestr [34]

Answer:

Common-ground persuasion technique

Explanation:

A common-ground persuasion technique is a technique aimed at improving interpersonal relationships. Like the word, common ground means establishing agreement on certain ideas or points in other to ensure that relationships between individuals are stable and problem free.

In the case of Rebecca, she has used the common-ground persuasion technique to ensure that her boss accepts her suggestion that one of the office assistants take on the responsibility of completing the sales report. By carefully outlining more disadvantages of her taking up the responsibility, her boss will most likely agree to her suggestion.

Cheers.

8 0
2 years ago
Exotech has an inventory turn ratio of 60 with $50 million in annual sales, and an average inventory of $250,000. What is Exotec
Goryan [66]

Answer:

$15 million

Explanation:

Data provided in the question:

Inventory turn ratio = 60

Annual sales = $50 million

Average inventory = $250,000

Now,

we know,

Inventory turn ratio  = ( Cost of goods sold ) ÷ ( Average inventory )

thus,

60 = ( Cost of goods sold ) ÷ $250,000

or

Cost of goods sold = 60 × $250,000

or

Cost of goods sold = $15,000,000 or $15 million

8 0
2 years ago
All of these are pitfalls an organization should avoid in strategic planning except:_____________.1. using plans as a standard f
Tamiku [17]

Answer:

1. using plans as a standard for measuring performance.

Explanation:

Strategic planning is an important process that enables a business or an organization to have a sense of direction, goal orientation, and also enables them to evaluate and measure progress.

It is important when carrying out the strategic planning process to first focus on clarifying and developing the vision, mission and objectives of the business before moving on to strategy formulation, this helps to give a sense of direction.

In the process of strategic planning, involving key employees cannot be overemphasized. Giving key employees the chance to be involved in the planning process will enable them to connect to the business and set them up for success.

Apart from the fact that strategic planning provides a sense of direction, it also enables a business to outline goals that can be measured, hence providing a standard for measuring performance.

3 0
2 years ago
It is reasonable to state that one object has twice as much of the attribute property when it has a score of 60 and the other ob
Lesechka [4]

Answer:

The correct answer is:

Ratio Scale

Explanation:

A ration scale of measurement is one that has equal units of measurement, and has an absolute value of zero. Measurements below the zero point on the scale is not possible. for example in the measurement of height in meters, the lowest measurement possible is 0 meter, a measurement of - 1 meter will make no mathematical sense. In this example, if a score of 60 is said to have twice as much attributes than a score of 30, it means that this attributes are measured from a reference zero point, because truly, 60 is twice as much as 30, from a zero point on a scale.

The other scales of measurements include;

nominal scale of measurement; which contains mainly categorical data and is mainly used in form of tags rather than showing magnitude or intervals. Example is grouping a group of adults into married, divorced or single.

Ordinal scale; this scale shows hierarchical series or ordered series, but does not show intervals between the elements. example is in classifying the positions of participants in a race as first, second or third etc. There is an ordering, as the first position is on top of the list, but it will now make sense to say the distance between the attribute of first to third position is the same as the distance between the attributes between third and fifth position, as there is no scale.

Interval scale; this scale of measurement does not have a limit zero value which represents the least possible point on a scale, but the intervals between different units on the scale can be compared logically. Example is the measurement of temperature using the Fahrenheit scale, where the temperature can go as low as - 20°F, below the zero point, and a distance of 3°F to 5°F can be said to be equal to a distance of 10°F to 12°F.

5 0
2 years ago
Percy’s GPA is 2.75, so he should list it on his résumé. T/F
timama [110]
In filling up a resume, there are questions that are basic and necessary that a person should feel up to satisfy the qualifications that the client is looking for. But in terms of GPA, like Percy's. It is not appropriate to put it on the resume unless if asked or needed. But most of the time, it is not needed so the answer is false.
3 0
2 years ago
Read 2 more answers
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