Answer:
A) Accounts receivable turnover ratio = Net credit sales / Average accounts receivable
The following table shows the accounts receivable turnover ratio of MCB and ABI:
Particulars MCB ABI
Net sales $8320 $17400
Average Accounts Receivable $720 $900
Accounts Receivable Turnover rate 11.5 19.3
B)
Day's sale outstanding = Accounts receivable / Total credit sales × 365
The following table shows the days sale outstanding of MCB and ABI:
Particulars MCB ABI
Net sales $8,320 $17,400
Average Accounts Receivable $720 $900
Day's sale outstanding 31.58 18.88
Explanation:
Answer:
A: is a key aspect of the activity - based costing model
Explanation:
Hopefully this helps!
Answer:
my answer is a.let them talk
Answer:
a. the same as the accounting balance sheet, but it is based on market values.
Explanation:
A balance sheet is a financial statement that is often termed a "snapshot" of the assets, liabilities and owner's equity of a company at a particular moment in time
