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Artist 52 [7]
2 years ago
14

What is the formula for the receivables turnover ratio?.

Business
1 answer:
SOVA2 [1]2 years ago
8 0

The formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.

<h3>What is receivable turnover ratio?</h3>

The receivable turnover ratio is what measure the number of times over a given period that a company collects its average account.

It is the number of times per year that a business collects its average accounts receivable.

Hence, the formula for the receivables turnover ratio is net credit sales divided by average accounts receivable.

Learn more about receivables turnover ratio here : brainly.com/question/24849094

#SPJ1  

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As a disciplinary measure when a violation of the Insurance Code would justify suspension, revocation or denial of license, the
Alexus [3.1K]

Answer:

D) Restricted license

Explanation:

A restricted license is issued as a disciplinary action against a non-restricted licensee. The conditions that define the restricted licences vary from case to case, and the commissioner may decide to suspend or revoke a restricted license without any hearing or additional cause.

This situation is extremely complicated for the licensee since the commissioner has absolute power regarding their status and can change it at will, and the licensee doesn't have any chance or anywhere to file a complaint.

6 0
4 years ago
What type of interview is most likely being conducted when an interviewer says, "I think your answer is totally inadequate: it d
Wittaler [7]

Answer:

The correct answer is letter "A": stress.

Explanation:

Stress interviews are those where applicants are tested in critical skills such as problem-solving scenarios <em>role-playing</em> those situations to find out how the applicant reacts. These evaluations place a special focus on having prospective employees show what they are capable of before being hired. Stress interviews also let applicants know what a regular day at work could be with the position they are applying for so they can review if it is what the applicants are looking for.

8 0
4 years ago
What is the typical relationship between time and interest rate?
Margaret [11]

Answer:

B. Shorter time periods usually have no affect on interest rates.

Explanation:

The interest rate is correllate to the potential risk of the investment.  

As in a long period, there’re more unpredetermined risks, and we normally say “high risk high return). Thus a longer time period ussually have higher interest rate and vice versa.

In shorter period, we may dertermine the risk more easily then it deserves to enjoy lower interest risk.

4 0
3 years ago
At January 1, 2017, Crane Company reported retained earnings of $2,190,000. In 2017, Crane discovered that 2016 depreciation exp
lana [24]

<u>Solution and Explanation:</u>

<u>The retained earning statement for the company Crane for the year 2017 is as follows: </u>

                                                Martinez Company

                                                Retained Earnings Statement

                                 For the Year Ended December 31, 2017

Retained Earnings, January 1                                     $2,190,000

Less: Correction of Depreciation Error                         $382000

Retained Earnings, January 1, as adjusted                           $1,808000

Add: Net Income                                                                   $929000

Less: Dividends                                                                 $226000

Retained Earnings, December 31                                         $2,511000

Retained earnings at the starting year is to be considered and depreciation and dividend amount is to be deducted whereas the net income is to be added.  

3 0
3 years ago
Larkspur, Inc. reports net income of $91,800 in 2022. However, ending inventory was understated $7,800. What is the correct net
dezoksy [38]

Answer:

$99,600

Explanation:

If the ending inventory was understated that means that they have less of the inventory than they had originally expected, this means that they sold more than they have calculated and therefore have not included the $7,800 in the net income. Therefore, we would need to add this amount to the actual reported net income to get the correct net income for 2022...

$91,800 + $7,800 = $99,600

The correct net income for 2022 is $99,600

3 0
3 years ago
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