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.
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What exactly is the question here? Id help out
Answer:
(A) $200,000
(B) $50,200,000
(C) $0.10 per share
(D) $25.10 per share
Explanation:
(A) The book value of the firm is $200,000
(B) The market value of the firm can be calculated as follows
= $200,000 + 50,000,000
= $50,200,000
(C) The book value per share can be calculated as follows
= 200,000/2,000,000
= $0.10 per share
(D) The price per share can be calculated as follows
= 50,200,000/2,000,000
= $25.10 per share
Answer:
The correct answer is "$120,250".
Explanation:
The given values are:
Opening inventory
= $38,500
Closing inventory
= $15,250
Purchases
= $97,000
Now,
The cost of materials used during the month of February will be:
= Opening Inventory + Purchases - Closing Inventory
On putting the estimated values in the above formula, we get
= 
= 
($)
Answer: Shrinkage for Store A ($40,890), Store B ($28,370)
Given:
Merchandise Value of Stores A and B
<span>A1 $454,385, and B1 $586,855</span>
Book Value of Stores
<span>A2 $495,275, and B2 $615,225</span>
Shrinkage<span> refers to the loss of inventory from whatever source. </span>
Shrinkage for each store is computed as:
Book Value – Merchandise Value
Shrinkage for Store A
A2-A1
495,275-454,385
$40,890
Shrinkage for Store B
B2-B1
615,225-586,855
<span>$28,370</span>
