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
Gnesinka [82]
3 years ago
15

A company reports the following information for the year: Net credit sales $ 120,000 Average accounts receivable 20,000 Cash col

lections on credit sales 100,000 What is the company's receivables turnover ratio?
Business
1 answer:
Alborosie3 years ago
7 0

Answer:

receivable turnover ration = 6

Explanation:

credit sales = 120000

Credit sales =As we know that: Receivables turnover ration = Net credit sales /Average account receivable.

                                 =    120000/ 20000

                                 = 6.

it indicates that company convert its receivable to cash 6 times that year.

You might be interested in
A method for selecting multiple lines of text is to _______.
antiseptic1488 [7]
The answer to this question is by clicking and draging in the white space to the left of the lines. In word processing, copying and selecting multiple lines is a technique that can help you work on your document faster. Also in word processing, the user can create, edits, and save the document.
4 0
3 years ago
Gerwin’s daughter Mary was seeking a position as an associate attorney with Baker, Charles & Dixon, a large metropolitan law
Alex777 [14]

The case filed by Gerwin against Baker will be null and void, as thee is no existence of any legal contract between the parties as such.

<h3>What is a legal contract?</h3>

A contract is said to be a legal one when the party who is presented with such an offer accepts on the terms and with a condition that the offer must be for legal activities.

In case when any of the criterion mentioned above are not followed by the offeror or the offeree, then in such case, any lawsuit filed against the plaintiff will be considered as null and void.

Hence, it can be concluded that there is no legal contract between Gerwin and Baker, and thus their cases are null and void.

Learn more about a legal contract here:

brainly.com/question/3208041

#SPJ1

5 0
1 year ago
Bramble Corp. purchased land as a factory site for $1305000. Bramble paid $121000 to tear down two buildings on the land. Salvag
AURORKA [14]

Answer:

Part 1

$1,422,940

Part 2

$331,480

Explanation:

cost of the land calculation

Purchase Price                             $1305000

Cost to tear down building             $121000

Sale of Salvages                               ($8400)

Leagl fees                                           $5340

Total                                            $1,422,940

The cost of the land that should be recorded by Wilson Co. is: $1,422,940

cost of the building calculation

Architect's fees               $47000

Insurance                          $3900

Liability insurance            $4200

Excavation cost               $15480

city for pavement             $9900

Borrowing Costs           $251000

Total                              $331,480

The cost of the building should be recorded by Wilson Co. is $331,480

4 0
2 years ago
what are the intangible property that is protected by law which an enterpreneur should consider when starting up a business​
Amanda [17]

Answer:

Several types of intanigle property, also known as intangible assets, are protected by law. The three main types are: copyrights, patents, and trademarks.

A copyright is a protection of a creative work like a book, a song, or a film

A patent is a legal protection for a scientific or technological invetion.

And a trademark is a protection of a phrase, name, brand, or symbol that identifies a particular company.

8 0
3 years ago
The company Andorinha Ltda. presented on 03/15/01 the total amount of R$1,500.00 in the account of Duplicates Payable; soon, on
DerKrebs [107]

Answer:

a) Credit Balance R$1,000.00

Explanation:

The Duplicates Payable represents a Liability in Andorinha Ltd records.

When Andorinha Ltda paid a cash duplicate in the amount of R$500.000 the entries recorded will be :

Trade Payable-Duplicates R$500.000 (debit)

Cash R$500.000 (credit)

<em>Effect on Balance of Duplicates Payable</em>

Decrease in Duplicates Payable by $500,000

Remaining Balance is $100,000 (credit)

8 0
2 years ago
Other questions:
  • In which of the following ways can a person earn an income? A. Investment B. Salary C. Savings D. Wage
    15·2 answers
  • When josh’s wage rises and he decides to work more hours, we know that the __________ effect has dominated the __________ effect
    8·1 answer
  • A company borrows $100,000 from a bank; this is part of the: a. Secondary debt market b. Primary debt market c. Secondary equity
    11·1 answer
  • The gains from trade are a. a result of more efficient resource allocation than would be observed in the absence of trade. b. ev
    12·1 answer
  • Arturo is a sales manager for the bratney companies, a company that manufactures equipment used in the processing of grains and
    12·1 answer
  • Accountants include ________ costs as part of a firm's costs, while economists include ________ costs. Group of answer choices i
    6·1 answer
  • Como inicias tu carrera musical
    8·1 answer
  • How can understanding the economy help you to make better financial decisions?
    7·1 answer
  • An employer will do a 50% match on your investment to a 401k retirement plan. If you decide to contribute a monthly amount of $2
    8·1 answer
  • What is the term that slaves used for the voyage across the atlantic?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!