Answer:
Accounts Receivable Turnover = Sales/Average accounts receivables
Sales revenue / [Accounts receivable balance (gross), beginning - Allowance for doubtful accounts, beginning) + (Accounts receivable balance (gross), ending + Allowance for doubtful accounts, ending) / 2
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<u>For Nike</u>
Accounts Receivable Turnover = $19795.3/ [(2884.3-77.2)+(2952.8-104.1)/2]
Accounts Receivable Turnover = $19795.3 / $2827.9
Accounts Receivable Turnover = 7 times
<u>For Adidas</u>
Accounts Receivable Turnover = 10675/[(1740-112)+(1556-134)]/2
Accounts Receivable Turnover = $10675 / $1525
Accounts Receivable Turnover = 7 times
Answer:
Because over pricing stuff would lead customers to go to the competition because they have a lower amount for the same product.
Explanation:
Maybe sales management, as that has to do with percentages and numbers for taking off prices. he can easily find the best/cheapest sales out of a selection by his analyzation and number skills
Answer: kindly check attached picture
Explanation:
Kindly check attached picture for detailed explanation