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disa [49]
3 years ago
14

Net credit sales for Winner Company are $100,000 for the year. The Accounts Receivable account had a balance of $15,000 at the b

eginning of the year and $25,000 at the end of the year. What is the company's receivables turnover ratio?
Business
1 answer:
Valentin [98]3 years ago
6 0

Answer:

Receivables turnover ratio = 5

Explanation:

Receivables turnover ratio = Net Credit Sales / Average accounts receivable

Receivables turnover ratio = $100,000/$20,000

Receivables turnover ratio = 5

Average accounts receivable = (Beginning Account Receivable + Ending Account Receivable) /2

Average accounts receivable = ($15,000+$25,00)/2

Average accounts receivable = $40,000/2

Average accounts receivable = $20,000

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What are the first steps to start business
Lorico [155]

Answer:

finding a market for your product then finding a marketing strategy then get your assets set up

Explanation:

5 0
3 years ago
A regressive tax has the biggest impact on which sector of the american economy?
9966 [12]
A regressive tax has the biggest impact on the income of the middle-sector households. of the American economy because they are affected by the increase of the average tax rate. The regressive tax gets its large percentage from the middle sector than the high-class households with high earnings.
7 0
3 years ago
Milani, Inc., acquired 10 percent of Seida Corporation on January 1, 2017, for $197,000 and appropriately accounted for the inve
lina2011 [118]

Answer:

Milani, Inc.

January 1, 2018:

Debit Investment in Seida $600,000

Credit Cash Account $600,000

To record the purchase of an additional 30% of Seida.

December 31, 2018:

Debit Investment in Seida $120,000

Credit Net Income $120,000

To record the share in the net income of Seida.

Debit Cash Account $44,000

Credit Cash Dividend Received $44,000

To record the company's share in the dividend paid by Seida.

Debit Cash Dividend Received $44,000

Credit Investment in Seida $44,000

To record the dividend received from Seida.

Explanation:

The cash dividend received from Seida will reduce Milani, Inc.'s investment value in Seida, just as the 40% share in the net income increased the investment value.

These journal entries have been used to debit and credit accounts as transactions occur.  A journal plays an important role in recording transactions in the accounting system as it is usually the initial record of any transaction.  It also shows the accounts debited or credited with a short narration that explains each transaction.

6 0
3 years ago
As the marginal propensity to consume (MPC) increases, the spending multiplier:______.a. remains the same. b. increases. c. decr
Effectus [21]

Answer:

b. increases ; 2.5

Explanation:

MPC stands for Marginal Propensity to Consume. In economics, the MPC may be defined as the metric that quantifies the induced consumption. It is the concept that determines that the increase in the spending of personal consumer occurs with increase in the disposable income.

It is estimated that as the MPC increases, the spending multiplier also increases. MCP is the ratio of consumption function to the disposal income change. When the MCp is 0.6, then the multiplier becomes 2.5 if there is no imports and taxes involved.

5 0
3 years ago
A manager of a manager-managed limited liability company (llc) does not owe a duty of loyalty to the llc.
babunello [35]

A manager of a manager-managed limited liability company (LCC) does not owe a duty of loyalty to the LCC. The statement was false. Thus, the option (b) is correct.

What is manager?

The term manager refers to manage the company. The manger responsibility and duty to manage the all the company work and guided the employees.

Manager are manage the organization but, as limited liability is not the ownership interest in the LLC. The manager duties to higher the employees and maintain the discipline of the company. The manager as duty to of loyalty to the LCC.

As a result the statement was false. Therefore, option (b) is correct.

Learn more about on manager, here:

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8 0
2 years ago
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