Marie's Clothing Store had an accounts receivable balance of $ 470 comma 000 at the beginning of the year and a yearminusend bal
1 answer:
Answer:
Average collection period = 52.21 days
Step-by-step explanation:
given data
accounts receivable balance = $470,000
accounts balance = $560,000
Net credit sales = $3,600,000
solution
we know that Debtor turnover ratio = Net credit sales ÷ Average receivable ...........1
so here
Average receivable =
Average receivable = 515000
so from equation 1
Debtor turnover ratio =
Debtor turnover ratio = 6.990 times
so
Average collection period of the receivables = 365 days ÷ Debtor turnover ratio
Average collection period =
Average collection period = 52.21 days
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where a and b are the coefficients of the function. For f(x), we have a = -1 and b = -16. Thus, we have
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The x-intercepts of the function are the values of x when f(x) is zero. By equation f(x) with zero, we can solve the quadratic equation to find the x-intercepts as shown below.
From this, we can see that the x-intercepts are (6, 0) and (10, 0). We just discussed that the x-intercepts are the values of x when y is zero. So, for this case it means that the shop does not earn a profit if they sell 6 or 10 candles. Basically, the x-intercepts represent the number candles sold if the shop wants to break even.
Answer:
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Step-by-step explanation:
Switch the x and y, so the equation would read as:
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