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
zhuklara [117]
3 years ago
10

The financial statements of gervais manufacturing company report net sales of $500,000 and accounts receivable of $80,000 and $4

0,000 at the beginning and end of the year, respectively. what is the accounts receivable turnover for gervais?
Business
1 answer:
valentinak56 [21]3 years ago
4 0
Receivables turnover ratio can be calculated by dividing the net value of credit sales during a given period by the average accounts receivable during the same period. Average accounts receivable can be calculated by adding the value of accounts receivable at the beginning of the desired period to their value at the end of the period and dividing the sum by two.
500,000÷((80,000+40,000)÷2)
=8.3
You might be interested in
Local adaptation is typically preferred by managers who are charged with making the international business successful in their c
atroni [7]

<u>Answer: </u>True

<u>Explanation:</u>

To maintain the competitive advantage of the business the managers of international business adapt to local adaptation strategy. International markets have different languages and culture it is necessary to promote business in the local language to reach the target market accordingly.

The multinational companies have their offices, distribution and production in different countries but they maintain same set of policies and procedures which makes decision making quick and easier. Through this way they maintain the global consistency.

4 0
3 years ago
Does anybody now how to do math just commect if you can
Pepsi [2]

Answer:

Yes Yes I do what grade though? and type

Explanation:

3 0
2 years ago
Read 2 more answers
When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that ap
Thepotemich [5.8K]

Answer:

a. The quality of rental housing units falls

c. The quantity of available rental housing units falls.

Explanation:

As the landlord cannot receive a desired return for their investment they will stop improving and doing proper maintenance of the property to obtain it.

They will also be less likely to rent and would prefer to sale and move away from the real-state investment business in the region to more profitable region or better business. This will make the ernt go up as there is less offer as well so the policy backfires.

Stoping the market to work property will cause market failures and the outcome won't be the desired

7 0
3 years ago
Which of the following statements is false?
Paul [167]

Answer:

C

Explanation:

C. online retailing and in-store retailing experience similar rates of product return.

3 0
3 years ago
PB4.
harkovskaia [24]

Answer:

The process cost summary is given below.

A-Total Material Cost                  = $22,500

B-Total Conversion costs           = $95,625 (45,625+50,000)

C-Units transferred out              = 40,000

D-Ending Inventory                    = 10,000

E-Equivalent units of material  =  45,000

F-Equivalent units of conversion costs  = 42,500

G-Equivalent cost per unit of material = $0.5 (A/E)

H-Equivalent cost per unit of conversion costs = $ 2.25 (B/F)

I-Equivalent cost per unit = $2.75 (G+H)

J-Cost of inventory transferred = $ 110,000 (I*C)

K-Cost Of Ending Inventory = $ 8,125 (H*(F-C) + (5000*0.5))

4 0
3 years ago
Other questions:
  • A mobile device overheats for seemingly no reason. what is the most likely cause?
    12·1 answer
  • Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019. For 2019, Kailey reported revenues of $810,000
    9·1 answer
  • A comparative financial statement:
    12·1 answer
  • Portions of the financial statements for Peach Computer are provided below.
    9·1 answer
  • Jane has worked for 5 years in a professional organization that focuses on high​ specialization, and her productivity is expecte
    14·2 answers
  • Activity-based costing (ABC) systems ________. A. Unselected have the same cost allocation system as plantwide and departmental
    5·1 answer
  • All of the following will occur if the government places an effective price ceiling on candy bars except:
    6·1 answer
  • Cool Beans is a locally owned coffeeshop that competes with two large coffee chains, PlanetEuro and Frothies. Alicia, the owner,
    9·1 answer
  • While in the short run an economic profit is more likely in an unregulated monopoly, ___________ may group competing resources a
    12·1 answer
  • table 1 shows the demand schedule for electricity from a coal burning utility table 2 shows teh utiliyy cost of producing electr
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!