1answer.
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
Maksim231197 [3]
1 year ago
9

A recent annual report for FedEx contained the following data:

Business
1 answer:
Maru [420]1 year ago
7 0

FedEx

Accounts Receivable Turnover

Numerator Net Credit Sales = 35,687 = 9.02 times

Denominator Average Accounts Receivable (4415+ 3495)/2

Average Daily Accounts Receivable Turnover

Numerator Days in 4 Years = 0.365 4 4 = 46 debt turnover ratio of 9.02

Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to the creditworthiness or credit history of an individual or entity. In accounting, loans can reduce assets or increase liabilities, and can reduce expenses or increase income.

In personal banking or financial accounting, a credit is an entry indicating that money has been received. Normally, a checking account register has the balance (deposits) on the right and the debits (money spent) on the left. In a loan, all the requested amount is given at once at the time of lending, whereas in a loan, the bank uses the full amount of the loan to give the customer an amount that can be used as needed.

Learn more about Credit here brainly.com/question/26867415

#SPJ4

You might be interested in
You are a junior in college. You sent your resume to a half-dozen companies hoping to get a summer internship. Two weeks ago XYZ
zlopas [31]

Answer:

I would politely reach out to XYZ organization and let them know I won't be taking them on their offer

Explanation:

In this particular situation, there is no legal binding in this agreement to start work. There is no responsibility from me to XYZ corporation.

If this new offer excited me more than what XYZ corporation has offered, then I have to decide which company i would decide to do my internship with. So I would have to politely decline the offer from XYZ.

3 0
2 years ago
An investor who owns a bond with a 9% coupon that pays interest semi-annually and matures in three years is considering its sale
tino4ka555 [31]

Answer:

0

Explanation:

7 0
3 years ago
Buying food to feed your family, a lawn mower to care for your lawn, or a car to drive yourself to work are purchases with what
Nata [24]

Answer:

Rational Motive

Explanation:

A rational motive is the willingness to make an action based on logical and rational criteria

4 0
2 years ago
Assume that a $1,000,000 par value, semiannual coupon U.S. Treasury note with two years to maturity has a coupon rate of 6%. The
velikii [3]

Answer:

Value of treasury note = 738000

Explanation:

Value of treasury note = Interest * PVAF(9.9%,5Years) + Maturity Value * PVF(9.9%,5year)

= 30000 * 3.800 + 1000000 * 0.624

= 738000

3 0
2 years ago
The managerial accountant at Sunny Manufacturing needs to determine how many costs are fixed costs and how many costs are variab
Solnce55 [7]

Answer:

Month. Machine Hours. Total costs

January. 1,800 $21,500

February. 2,900 $23,200

March. 1,000. $19,750

April. 2,400. $21,000

May. 3,400. $23,900

High-Low method = 23, 900 + 21,000

= 44,900

5 0
3 years ago
Other questions:
  • A city government is considering two types of​ town-dump sanitary systems. Design A requires an initial outlay of ​$400000 with
    6·1 answer
  • Barnes Books allows for possible bad debts. On May 7, Barnes writes off a customer account of $5,800. On September 9, the custom
    12·1 answer
  • In March, stockholders of Herbalife Nutrition approved a 3-for-2 stock split. After the split, how many shares of Herbalife stoc
    10·1 answer
  • Put yourself in sue mccaskey's position and prepare a detailed report to dan block and ed spriggs on managing the inventory of t
    8·1 answer
  • How would one demonstrate empathy in a problem resolution with a customer if they are prohibited from helping the customer?
    11·1 answer
  • Which account is an example of a contra-expense account?
    9·2 answers
  • Keesha Co. borrows $275,000 cash on December 1 of the current year by signing a 180-day, 9%, $275,000 note.
    12·1 answer
  • In a contingent contract
    5·1 answer
  • What are the types of budget​
    8·1 answer
  • Who sets the minimum wage in ct
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!