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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.

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Four activities or services that make trade easy ​
Mandarinka [93]

Answer:

The activities are:

1. Transport

In the cutting edge times there is a tremendous distance between places of creation and the places of utilization. This trouble is eliminated by a significant guide to exchange known as Transport.Transport makes place utility.

2. Communication

Communication implies sending or trade of data starting with one individual then onto the next.

Communication can be oral or recorded as a hard copy. It is important to impart data starting with one then onto the next to finish and settle the terms of deals, for example, costs of products, markdown permitted, the office of credit, and so forth

3. Banking

Banking tackles the issue of money. Finance managers get cash and furthermore pays cash in huge sums. It is unsafe to convey a lot of money starting with one spot then onto the next. Here comes Banking as an answer. Banking and monetary organizations take care of the issue of installment and encourage a smooth trade among purchaser and dealer. The finance managers may likewise require present moment and long haul reserves. Banks give such account to money managers.

4. Advertising

Advertising fills the information hole and it unravels the trouble of data. Trade of merchandise and ventures conceivable just if makers can carry the items to the customers. Advertising and exposure are significant media of mass correspondence. Advertising encourages buyers to think about the different brands fabricated by a few makers. The media used to publicize items are Radio, Papers, Magazines, television, the Web, Bulletin, and so on

Explanation:

Trade of products includes a few challenges, which are eliminated by helpers or strengthening underpins known as Aids to Trade.

Here, guides to exchange alludes to every one of those elaborate exercises, which straightforwardly or in a roundabout way encourages smooth trade of merchandise and enterprises.

4 0
2 years ago
What happens when a price floor is imposed above the equilibrium price of a good?
PolarNik [594]
<span>Price floors can have differing effects depending on other government policies. If the government agrees to purchase a specific maximum of unsold products at the price floor, it incentivizes a business to increase supply or at least to stay in the industry despite slow sales. Many governments do this for areas they see as strategically or politically significant, such as agriculture, or to prevent what they consider to be unfairly low prices of its products. If a foreign government sets a price floor for coffee beans, for example, and then agrees to buy the surplus up to a certain amount, it encourages growers to maintain their operations by placing an effective hedge against price fluctuations. If you own a small coffee shop, these price floors mean that you’re more likely to be able to find your imported beans, but you’ll pay more for them</span>
3 0
3 years ago
The Vintage Laundry Company purchased $6,500 worth of laundry supplies on June 2 and recorded the purchase as an asset. On June
Mazyrski [523]

Answer:

D.) debit Supplies Expense. $5,500; credit Supplies, $5,500

Explanation:

First, let's talk about the amount.

On June 2 they purchased supplies worth $6,500 and recorded it as an ASSET. Debited on "Supplies" Account

Then on June 30, only $1,000 is on hand. That means that $5,500 worth of supplies must have been used (Solved as 6,500 less 1,000)

Now, the entry should reduce the "Supplies" Account since there were only $1,000 left. So it's correct to credit Supplies for $5,500 to reduce $6,500 into $1,000 worth.

The corresponding debit would consequently be "Supplies Expense" since $5,500 worth of supplies was used for the month.

3 0
3 years ago
The Following 4. Journal sita ram Started business RS 50,000 andbank 100,000 with deposit​
nydimaria [60]

Answer:

Whats the question

Explanation:

7 0
3 years ago
Even as it begins to produce the Mirai for the U.S. market, Toyota continues to manufacture its traditionally fueled cars, truck
Contact [7]

Answer:

Volatility

Explanation:

Volatility of industrial demand is the uncertainty in demand for product or parts by consumers. Companies need to adequately prepare for these changes in demand by the consumer so as to adequately provide the inventory or product to the customer.

In the given scenario Toyota is manufacturing product for all demands in the market place so as to capture all market shares.

They are producing both traditionally furled cars and the Mirai (a car that uses electricity). By this move they are appealing to both demand for normal fuel cars and those that want to use alternative energy sources

8 0
3 years ago
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