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CaHeK987 [17]
1 year ago
5

what does a receivables turnover of 7 times represent? multiple choice question. the company took an average of 7 days to collec

t on their sales. the company's average accounts receivable collection period is 7 days. the company issued and collected trade credit, at the level of its accounts receivable balance, 7 times during the year. the company collected on their sales and sold the accounts receivable for 7 times their worth.
Business
1 answer:
aniked [119]1 year ago
6 0

A turnover of 7 times represents the company issued and collected trade credit, at the level of its accounts receivable balance, 7 times during the year.

The number of times per year that a company collects its average accounts receivable is referred to as accounts receivable turnover.Accounts receivable turnover is a measure used by accountants and analysts to assess how effectively businesses collect on credit given to customers.

The higher your receivable turnover ratio, the better, because it indicates that your customers pay their invoices on time and that your company collects debts efficiently. A higher turnover ratio also indicates improved cash flow and a more solid balance sheet or income statement.

To know more about receivables turnover, click here.

brainly.com/question/16447941

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A student parked in a gold parking space even though he/she has a green parking permit. There were no empty green parking but ma
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Answer:

Explanation:

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SECE: Clause g. “Software engineers shall be fair to and supportive of their colleagues”

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By taking a gold spot instead of a green spot that he was entitled he has violated the overall rights of justice and has not supported his colleagues. He also has not been honest in his claims.

However, considering the overall view of ethics, the student did not have any choice and he did the right thing by parking at whichever spot available.

6 0
4 years ago
Instead of living in a service economy, we now live in a(n) ________ economy.
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Instead of living in a service economy, we now live in a(n)  Mixed economy.

Explanation:

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3 0
3 years ago
Which of the following is an example of a deferral? A : recording revenues that have been earned on account B : expensing wages
MrMuchimi

Answer:

C : expensing a part of the cost of a building

Explanation:

A deferral is an amount of money that was earned or paid but that would be included in the income statement in a future accounting period. According to this, the answer is expensing a part of the cost of a building because the company pays the cost of the building but includes a part of it in the current period and the remaining will be recorded in a future period.

3 0
3 years ago
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Gala2k [10]

Answer:

$450,000

Explanation:

Calculation for the amount that would be expensed

Using this formula

Amount to be expensed = Project cost before the project was abandoned + Amount spent on another project

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Therefore the amount that would be expensed will be $450,000

4 0
3 years ago
Frictional unemployment occurs when:___________.1. there is friction between an employer and employee. 2. a worker decides to qu
zloy xaker [14]

Answer:

2. a worker decides to quit one job to seek a different job.

Explanation:

Frictional unemployment occurs when workers are moving from one job to another. It happens when the available jobs and the workers' skills do not match. For example, a graduate from the university cannot find a job that matches the skills straight away. The period of searching for that first job is called frictional unemployment.

Frictional unemployment is naturally occurring in the economy.  It is present when the economy is in full employment.  It is present as workers are always searching for better opportunities elsewhere, and students are graduating and searching for their first employment.

4 0
3 years ago
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