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bekas [8.4K]
4 years ago
15

Beverage International reports net credit sales for the year of $468,000. The company's accounts receivable balance at the begin

ning of the year equaled $24,000 and the balance at the end of the year equaled $34,000. What is Beverage International's receivables turnover ratio?
Business
1 answer:
solmaris [256]4 years ago
3 0

Answer:

The Beverage International's receivables turnover ratio is =  16,14  

Explanation:

The accounting receivable turnover formula is :

Net credit sales / Average Accounts Receivable

So  Net credit sales = $468,000

And Average Accounts Receivable = ($24,000 + $34,000)/2 =  $29.000,00  

The receivables turnover ratio is =  $468,000 / $29.000,00  =  16,14  

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soldi70 [24.7K]

Answer:

d.economic duress

Explanation:

The economic duress in simple terms means a party who is entering into a contract frightens or threatens of cancelling the contract or does not act according to the terms of the contract unless the other party in the contract agrees to their demands.

In the context, the conduct of Roger against Karl is probably can be called as the 'economic duress' as Roger informs Karl before the deadline of filing the response that he will not represent himself against IRS unless Karl enters into a deal of an expensive retainer agreement. Thus it is an economic duress that Roger is showing and forcing Karl to agree on his demands.

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3 years ago
Suppose the owners of Lopes and HomeMax meet for a friendly game of golf one afternoon and happen to discuss a strategy to optim
Amiraneli [1.4K]

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c. $2.0 million for Lopes and by $2.5 million for HomeMax.

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For the problem above, the two organizations agreed to work on a particular project because they believed that they will benefit from the outcome of the project. Based on the available information provided in the question, the profit that Lopes will make yearly will increase by $2.0 million while that of HomeMax will increase by $2.5 million.

3 0
4 years ago
Suppose you invest semiannually for 25 years in an annuity that pays 5% interest, compounded semiannually. At the end of the 25
bonufazy [111]

Answer:

$354,500

Explanation:

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Total Interest = Future Value - Present Value

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                      = $354,529

Thus interest is $354,500 (nearest hundred dollars).

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One for just regular card usage, one for savings and one for emergencies.
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3 years ago
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