1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
avanturin [10]
3 years ago
12

Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivabl

e balances at the beginning and end of the year were $600,000 and $760,000, respectively. What was the accounts receivable turnover?
Business
1 answer:
polet [3.4K]3 years ago
5 0

Answer: 12.5 times

Explanation:

The accounts receivable turnover tells you how effective your company's collection mechanism is.

Accounts Receivable turnover = net credit sales/accounts receivables

= 8500000/600000+760000 = 12.5 times.

You might be interested in
the budgeted standard hours of a factory is 12000.the capacity utilization for april 2017 stood at 90% while the efficiencyratio
Vikki [24]

Answer:

ejtowp9iti2itnvidjeotngnei2nfjfjffjfjfjfjfjfkfkfjfkkrtjfkfjfkfkfkffofkfkfkf

Explanation:

wkkfjfjcjrjgjrjvjtjggjdjgiifgi

5 0
3 years ago
When Jenny Jimenez was attempting to pay off $37,000 in debt, how did she decide which cards to pay off first?
zlopas [31]

Jenny Jimenez paid only the minimum required on every credit card, except for the one with the highest interest rate.  

This is true, If you put more budget on your payments for the credit card having the highest interest rate, you'll pay the whole balance more quickly. Then, do the same with the other remaining cards, pay the balance which has the highest interest rate.


8 0
3 years ago
Activities common to all businesses such as sales, operations (also called production), accounting, finance, and human resources
lidiya [134]

Answer: Key Business Functions.

Explanation:

The key business functions are the basic activities carried out in a business to ensure that the business is successful. The key business functions include: sales, marketing, accurate accounting, human resource, finance, market research etc.

3 0
3 years ago
FedEx Corp. stock ended the previous year at $113.39 per share. It paid a $0.40 per share dividend last year. It ended last year
Maslowich

Answer:

$4,110 and 12.08%

Explanation:

The computation of the dollar return and the percent return is shown below:

Dollar Return = (Ending Value − Beginning Value) + Income  earned

where,

Ending value is

= $126.69 × 300 shares

= $38,007

Beginning value is

= $113.39 × 300 shares

= $34,017

And, the income earned is

= Dividend per share paid × number of shares owed

= $0.40 × 300 shares

= $120

So, the dollar return is

= $38,007 - $34,017 + $120

= $4,110

And, the percentage return is

= (Dollar return ÷ Beginning value) × 100

= ($4,110 ÷ $34,017) × 100

= 12.08%

3 0
3 years ago
What is strategy?
IgorC [24]
The answer would be D
7 0
3 years ago
Other questions:
  • Q 5.7: Hale Company sells merchandise on account for $1,000 to Long Company with credit terms of 2/10, n/30. Long Company return
    14·1 answer
  • Reynolds Manufacturers Inc. has estimated total factory overhead costs of $90,900 and expected direct labor hours of 10,100 for
    5·1 answer
  • Balance per books at October 31, $119,266.37; receipts $494,543.14; disbursements $469,946.59. Balance per bank statement Novemb
    6·1 answer
  • Greg is hired into the marketing services department of a full-service advertising agency. His job profile includes gathering in
    9·1 answer
  • Procter & Gamble markets its popular multipurpose cleaner as Mr. Clean in North America and Asia but uses several different
    8·1 answer
  • The ______is a financial statement detailing a firm's assets, liabilities, and owners' equity.
    9·1 answer
  • What is the difference between reliability for quantitative research and reliability for qualitative research?
    12·1 answer
  • When a binding price ceiling is imposed on a market to benefit buyers,
    10·1 answer
  • Amanda has a job that pays $35 per hour for the first 40 hours worked each week, plus 1.5 times this hourly rate for work done o
    15·2 answers
  • Baldwin's ebit (earnings before interest and taxes) last year was $21,771,033. what was baldwin's net profit?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!