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Lera25 [3.4K]
3 years ago
6

intext:"A company has net sales of $1,200,000 and average accounts receivable of $400,000. What is its accounts receivable turno

ver for the period"
Business
1 answer:
Paraphin [41]3 years ago
6 0

Answer:

i think it would be 4x

Explanation:

im dumb

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The answer is <u>"Whole life".</u>


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Todd and his brother Robert are going to use 512 square feet of their backyard for skateboard ramps. The shape of the backyard i
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3 years ago
Read 2 more answers
Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?
Alborosie

Answer:

Equity of the business= $17,076.

Explanation:

Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).

In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.

The formula to calculate total equity is given below:

Equity = Assets - Liabilities

Therefore to calculate the equity above, we have:

Equity = $64,342 - $47,266

Equity = $17,076.

4 0
3 years ago
The following items appear on the balance sheet of a company with a two-month operating cycle. Identify the proper classificatio
julsineya [31]

Answer:

Notes payable(due in 13 to 24 months)-L

Notes payable (due in 6 to 12 months)-C

Notes payable (mature in five years)-L

Current portion of long-term debt-C

Notes payable(due in 120 days) -C

FUTA taxes payable -C

Accounts receivable-N

Sales taxes payable-C

Salaries payable-C

Wages payable-C

Explanation:

A liability is a current one if it is due between today and the next one year(12 months),however any liability whose payment date is beyond one year is classified as long-term liability.

7 0
3 years ago
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