answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Over [174]
2 years ago
9

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.
Business
1 answer:
salantis [7]2 years ago
4 0

Answer:

B. 9.0 times.

Explanation:

Accounts Receivable Turnover (ART) = Net credit sales/ Average accounts receivable

Net credit sales = <em>$7,200,000</em>

Average accounts receivable  = (beginning AR - ending AR) /2

Average Accounts receivable = ($820,000 + $780,000)/2

Average AR = <em>$800,000</em>

Therefore Accounts receivable turnover = $7,200,000/800,000 = 9.0 times

You might be interested in
Which of these statements explains the term supply?
Black_prince [1.1K]
Your answer is : A)
Supply refers to the seller's ability and desire to sell goods and services
7 0
2 years ago
Read 2 more answers
U.S. residents accounted for over 75 percent of cruise ship passengers, and U.S. ports had 8 million passengers leaving on cruis
Sergeeva-Olga [200]

Answer: External opportunity

Explanation:

External opportunities are legal, political, economical, social, technological, environmental and cultural factors that may benefit an organization. External opportunities are beyond the control the organization.

In the scenario illustrated, the act of terrorism in the United States on 11th September 2001, led to a growth in cruise travel. This is an example of external opportunity as the growth wasn't caused by an internal factor.

5 0
2 years ago
Naomi is sixteen and she would like to open a savings account. Select each of the steps she will need to take.
shtirl [24]
I think its all the above except for they might be trying to trick you because at sixteen a guardian or parent has to sign aswell.
6 0
1 year ago
Which of the following elements are included on the hierarchy of hazard control?
Vsevolod [243]

Answer:Implementing administrative controls Implementing engineering controls

Explanation:

8 0
1 year ago
Decko Industries reported the following monthly data: Units produced 52,000 units Sales price $ 33 per unit Direct materials $ 1
Rus_ich [418]

Answer:

$1,275,000

Explanation:

The computation of the  contribution margin is shown below:

As we know that

Contribution margin = Sales - variable cost

or

Selling price per unit - variable cost per unit

And, the direct material per unit, direct labor per unit, and the  Variable overhead per unit are variable cost

So, if 50,000 units are sold, the contribution margin per unit is

= 50,000 × ($33 - $1.50 - $2.50 - $3.50)

= $1,275,000

3 0
1 year ago
Other questions:
  • Many homes are decorated in spring colors because these colors are deemed to be uplifting; however, most department stores do no
    11·1 answer
  • A country has a net immigration rate of 3 per 1,000, a CBR of 9 per 1,000, and a CDR of 11 per 1,000. What is the growth rate of
    13·1 answer
  • Hewlett-Packard delays customization of its laser printers as long as possible. This is an example of which of the following?
    6·1 answer
  • Finley Co. is looking for a new office location and sees a building with a fair value of $400,000. Finley also notices that much
    9·1 answer
  • Peg and Al Fundy have a limited food budget, so Peg is trying to feed the family as cheaply as possible. However, she still want
    11·1 answer
  • At XYZ Corp., the master schedule reflects the fact that 50 percent of its output is product version A, 30 percent is version B,
    12·1 answer
  • Granite State Airlines serves the route between New York and Portsmouth, NH, with a single-flight-daily 100-seat aircraft. The o
    15·2 answers
  • Below is budgeted production and sales information for Octofic Cans Inc. for the month of March:
    6·2 answers
  • The demand for tickets to the Katy Perry concert​ (Q) is given as​ follows: Q​ = ​120,000minus−​2,000P The marginal revenue is g
    12·1 answer
  • Careco Company and Audaco Inc are identical in size and capital structure. However, the riskiness of their assets and cash flows
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!