Answer:
The correct answer is 10.9 times.
Explanation:
According to the scenario, computation of the given data are as follow:-
Average account receivable = (Opening account receivable + Closing accounts receivable) ÷ 2
= ($92,000 + $26,000) ÷ 2
= $118,000 ÷ 2
= $59,000
We can calculate the account receivable turnover by using following formula :-
Accounts receivable turnover = Net sales ÷ Average Account receivable
= $643,100 ÷ $59,000
= 10.9 times
Answer:
Is large enough to permit a profitable market effort toward its members.
Answer:
The initial deposit should be of: $97,439.62
Explanation:
Giving the following information:
To replace the new machine when it wears out, the company wants to establish a savings account today. The interest rate on the account is 1.9 percent per quarter and the cost of the machinery is $325,000.
To calculate the initial investment required, we need to use a variation on the simple interest future value formula:
FV= PV*(1+i)^n
PV= present value
Isolating PV:
PV= FV/(1+i)^n
i= 0.019
n= 4*16= 64
FV= 325,000
PV= 325,000/ (1.019^64)= $97,439.62
This is true. A driver who lends his or her vehicle to a member of the u.s. forces is required to provide the borrower with the registration certificate.
<h3>What is a car registration certificate?</h3>
This is used to refer to the required papers that have to do with the proof of the registration details of a vehicle.
It carries the name and the address of the diver as well as the information that concerns the particulars of the owner of the vehicle.
Hence we can say that This is true. A driver who lends his or her vehicle to a member of the US forces is required to provide the borrower with the registration certificate.
Read more on car registration here:
brainly.com/question/28038154
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