Answer:
The Beverage International's receivables turnover ratio is = 16,14
Explanation:
The accounting receivable turnover formula is :
Net credit sales / Average Accounts Receivable
So Net credit sales = $468,000
And Average Accounts Receivable = ($24,000 + $34,000)/2 = $29.000,00
The receivables turnover ratio is = $468,000 / $29.000,00 = 16,14
FalseTo become a secured party, the creditor must gain a security interest in the collateral of the debtor. Guarantee of obligations in a broad sense, are those legal acts aimed at guaranteeing or reinforcing the position of the creditor against a possible default of the debtor.
Answer:
$26,730
Explanation:
The explanation for this question is given in the attachment below.
Answer:
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