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avanturin [10]
4 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]4 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.

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What is variable costs
Juliette [100K]
Variable costs are corporate expenses that vary in direct proportion to the quantity of output. Unlike fixed costs, which remain constant regardless of output, variable costs are a direct function of production volume, rising whenever production expands and falling whenever it contracts.
7 0
4 years ago
Piper​ Corporation, which manufactures dog​ toys, is developing direct labor standards. The basic direct labor rate is $ 12.68$1
NeTakaya

Answer:

option (D) $21.66

Explanation:

Data provided in the question:

Basic direct labor rate per hour = $12.68

Payroll taxes = 13​% of basic direct labor​ rate

Fringe benefits per hour = $7.33

Now,

The standard rate per direct labor​ hour

= Basic direct labor rate per hour + Payroll taxes + Fringe benefits per hour

= $12.68 + ( 13% of $12.68 ) + $7.33

= $12.68 + $1.6484 + $7.33

= $21.6584 or $21.66

Hence,

The correct answer is option (D) $21.66

4 0
3 years ago
In the restaurant industry, a large number of restaurants cater to similar customer needs. However, each restaurant makes its pr
netineya [11]

Answer: Monopolistically competitive structure.

Explanation:

The restaurant industry as described in the question is a Monopolistically competitive structure. In the Monopolistically competitive structure different businesses offer a similar product for sale and they try to make their products unique and can set their prices without considering the price set by their competitors. The Monopolistically competitive structure is difficult market for new businesses to break into.

6 0
4 years ago
Read this citation for an informative essay. Davis, Victoria. Joining the Secret Service. Washington, D.C.: Free Print Press, 20
sertanlavr [38]

Answer

This citation is for a book on how to join the Federal Bureau of Investigation

Explanation

A Federal Bureau of Investigation (FBI) special agents work for the federal government and are responsible for conducting investigations according to the federal laws. The special agents are professionals responsible for analyzing a wide range of cases because investigators have skills in specific areas such as crime, accounting or engineering. Joining the secret service requires a person to obtain: a bachelor’s degree, gain work experience, complete the FBI application process, and go through the FBI Academy Training.



6 0
4 years ago
Read 2 more answers
A firm using multiproduct branding typically spends blank______ to develop consumer brand awareness when introducing a product l
Charra [1.4K]
Typically spends LESS to develop consumer brand awareness.
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2 years ago
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