The __________ empowers the ftc to establish limits on quantity discounts, forbid some brokerage allowances, and prohibit promot
1 answer:
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Answer:
<em>Net operating Income of the company 130,000</em>
Explanation:
We have to arrange the values, and don't forget to add the common fixed cost of 164,000 in the total fixed cost line.
Net operating Income of the company 130,000
Answer:
Accounts Receivables Turnover Ratio = = 10 times.
Explanation:
Accounts Receivables Turnover ratio =
Here Net Credit Sales = $6.5 million
Accounts Receivables Opening Balance = $600,000
Accounts Receivables Closing Balance = $700,000
Average Accounts Receivable Balance =
Accounts Receivables Turnover Ratio = = 10 times.
This shows that accounts receivables are on an average 1/10th of credit sales.
Final Answer
Accounts Receivables Turnover Ratio = = 10 times.