Answer:
Trout Lumber Yard
a. The receivables turnover = Net Credit Sales/Average Receivables
= $8,105,305/$447,516
= 18 times per year
b. The Days' Sales in Receivables = Average Receivables/Credit Sales * 365
= $447,516/$8,105,305 * 365
= 20.15 days
c. On the average, it took 20.15 days (365/18.11) for credit customers to pay off their accounts during the past year.
Explanation:
a) Data and Calculations:
Accounts receivable balance = $447,516
Credit sales for the year just ended = $8,105,305
The receivables turnover = Net Credit Sales/Average Receivables
= $8,105,305/$447,516
= 18.11 times
The Days' Sales in Receivables = Average Receivables/Credit Sales * 365
= $447,516/$8,105,305 * 365
= 20.15 days
Answer: Paper Forms
Reason: Process of Elimination and Educated Guess (Also, I just learned this)
the imparting or exchanging of information or news.
The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.
<h3>What is meant by food service operations?</h3>
An establishment that serves meals designed to be served in individual quantities for a fee or a mandated donation is known as a food service operation. Restaurants, nursing homes, hospitals, prisons, coffee shops, and candy stores are a few examples of FSO.
Controlling food expenditures is essential for a successful restaurant, which is why food service management is so important. FSMs assist firms in remaining profitable by training staff on serving and preparation standards, maintaining a careful inventory of stock, and identifying various sources for the most affordable ingredients.
The earliest signs of the food service sector date around 3000 BC during the Sumerian era. The majority of the time, temples and palaces served food. They hired chefs, who prepared meals for the aristocracy and visitors.
The invention of restaurant foods is what distinguished modern restaurants from predecessor food service operations.
To learn more about food service operations refer to:
brainly.com/question/26298316
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