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xxTIMURxx [149]
3 years ago
7

Interest you receive from a bank is not considered income True or False?

Business
2 answers:
bulgar [2K]3 years ago
6 0
Any interest that you receive from a bank is taxable income, so I guess its false 
Komok [63]3 years ago
6 0

Interest you receive from a bank is not considered income.

The answer is false.

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Explanation:

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Following are the average accounts receivable and net sales reported recently by two large bever age companies (dollar amounts a
Vlada [557]

Answer:

A)   Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

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Net sales                                                 $8320     $17400

Average Accounts Receivable                 $720      $900

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B)  

Day's sale outstanding  = Accounts receivable / Total credit sales  × 365

The following table shows the days sale outstanding of MCB and ABI:

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Net sales                                                    $8,320           $17,400

Average Accounts Receivable                    $720            $900

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Explanation:

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