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
bagirrra123 [75]
3 years ago
6

The financial statements of the Skysong, Inc. reports net sales of $372000 and accounts receivable of $60000 and $31200 at the b

eginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?
a. 4.5 times
b. 8 times
c. 9 times
d. 10.3 times
Business
1 answer:
UkoKoshka [18]3 years ago
8 0

Answer:

It will be 8.15 times which is not in the given option

Explanation:

We have given that net sales = $372000

Account receivable at the beginning = $60000

And account receivable at the end = $31200

Average account receivable =\frac{60000+31200}{2}=$45600

We know that account receivable turnover is given by

Account receivable turnover = \frac{net\ sales}{average\ account\ receivable}=\frac{$372000}{$45600}=8.15times

Which is not in the given option

You might be interested in
Language barriers to communication:
grin007 [14]

Answer:the correct answer is D. can arise from excessive use of jargon and slang.

Explanation:

Language barriers to communication can arise from excessive use of jargon and slang. LANGUAGE BARRIERS can happen by not speaking the same language, or even if you do speak the same language, slang, jargon, and regional accents can interfere with meaning

5 0
3 years ago
Heather is sixteen but looks much older. She goes into a jewelry store and buys a diamond bracelet with the money she has been s
patriot [66]

Answer:

can return the bracelet and get her money back

Explanation:

Minors have a restriction on the products that they can. To purchase these products they must have consent of their parent or guardian.

An identity card is required to determine the age of the buyer to avoid wrong sales to minors.

Items prohibited from sale to minors include: alcohol, tobacco, petrol, offensive weapons, intoxicating substances, and expensive jewelry.

So in this scenario since due diligence was not carried out by the store to check Heather's age on purchase, she can return the diamond bracelet and get back her money.

This was an illegal sale.

3 0
3 years ago
Chegg - Discuss the differences of productivity measurement in service and manufacturing. Why is productivity improvement more d
Svetllana [295]

Explanation:

The measurement of productivity in service and manufacturing is different in the sense of the ability to measure productivity, as a service has different characteristics that are Intangibility, Inseparability, Variability and Perishability, it is more difficult to measure its productivity, for example, a service is variable, so even if there are standards for the provision of that service, there are issues that will vary and this can change productivity.

There is also the fact that if the productivity measured by the capacity in the service sector is influenced by the loss of quality of the same, as customers may feel hurt if there is a rush in a service provided, for example, so that the service is more productive .

3 0
3 years ago
Louis owns an import business. After traveling to France on numerous occasions, he developed a taste for fine French wines. A ra
leva [86]

Answer:

B) French wines will become more expensive in the United States.

Explanation:

When rate of dollar falls to that of euro, the same number of dollars will purchase fewer French goods, so French goods become more expensive to American consumers. If one travels to Europe (including France), one will exchange one dollar for less than one euro

4 0
3 years ago
Which of the following is not an example of IFRS simplified for SMEs?
Ludmilka [50]

Answer:

b. all development cost are expensed as incurred

6 0
3 years ago
Other questions:
  • What influences the costumer when she or he is deciding whether to buy a product
    9·1 answer
  • Nolan Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close
    13·1 answer
  • Groups are select one:
    7·1 answer
  • With manufacturing as the company's core strength, how will you develop a customer focus
    7·1 answer
  • Assuming a current ratio of 1.2 and an acid-test ratio of 0.80, how will an increase in accounts receivable affect each ratio
    5·1 answer
  • True or false: small server sections are more typical in fast service operations
    8·2 answers
  • Rippelmeyer Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one ten
    6·1 answer
  • What's the meaning of the symbol S3?
    12·1 answer
  • A project manager is overseeing a complex custom CSM solution that has rigorous quality standards and tight schedule constraints
    5·1 answer
  • The type of production that does not concern itself with customer preferences, but instead focuses on making a large number of a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!