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bekas [8.4K]
3 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]3 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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Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem
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Answer:

EOQ= 300 units

Annual ordering cost= $3750

Annual holding cost =$3750

Re-order point =100 units

Explanation:

The Economic Order Quantity (EOQ) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the holding cost.

It is computed using he formulae below

EOQ = √ (2× Co× D)/Ch

EOQ = √ (2× 75× 15,000)/25

EOQ = 300 units

Annual holding cost

= EOQ/2 × holding cost per unit

= 300/2 ×  $25

=$3750

Annual ordering cost

= Annul demand/EOQ × ordering cost per order

=( 15,000/300)× $75

= $3750

Re-order Point

Maximum consumption × maximum lead time

=( 15,000/300)× 2 = 100 units

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How much is one euro in american dollars?
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A euro equals $1.08 in American dollars.
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The process of writing SMART goals is carried out at which stage of the personal financial management pyramid?
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It is carried out on every stage

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The Ricardian equivalence theorem states that
motikmotik

Answer: The Ricardian equivalence theorem states that : <u>"A. an increase in the government budget deficit has no effect on aggregate demand."</u>

Explanation: Ricardian Equivalence establishes that when the government increases the expenses financed with debt to try to stimulate the demand, this increase of the expenses does not produce any change in the demand.

This happens because the increases in the public deficit will be higher taxes in the future. Therefore, taxpayers reduce their consumption and increase their savings in order to offset the cost that will be the future tax increase.

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the audit working paper that reflects the major components of an amount reported in the financial statement is the
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The audit working paper that reflects the major components of an amount reported in the financial statement is the Lead Schedule.

<h3>What is the Lead Schedule?</h3>
  • A working document known as a lead schedule lists the specific general ledger accounts that make up a line item in the financial statements.
  • The sum for the related line item in a client's financial statements should match the number on the lead schedule.
  • The general ledger (GL) accounts that are present in each financial statement line item and note disclosure are listed in a lead schedule.
  • Each line item or group of related line items on the financial statement would typically have its lead schedule. The final balance in the financial statements and the sum on the lead schedule should match.
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