A company has net sales of $1,246,200 and average accounts receivable, net of $402,000. Its accounts receivable turnover for the period will be calculated in the following way =
Accounts Receivable Turnover = Net Sales/Average Accounts Receivable Accounts Receivable Turnover
$1,246,200/$402,000 = 3.10
What is accounts receivable turnover ?
The debtor's turnover ratio, sometimes referred to as the accounts receivable turnover ratio, is an efficiency ratio that assesses how effectively a business uses its assets and, consequently, how effectively it collects revenue.
The average number of times a company collects its accounts receivable during a specific time period is measured by the accounts receivable turnover ratio.
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Answer:
Net price is the actual price a buyer/consumer will pay.
Answer:
False
Explanation:
What is a transportation company called?
- Courier companies are usually spin-offs from freight forwarders.
- There are various types of courier companies, such as airfreight courier companies or road couriers.
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Small scale business ideas are
1- work in a home or any shop near you
Answer:
V. Boutique
Assuming their projection of 500 gowns is accurate, the total average cost they will incur per gown is:
= $108.
Explanation:
a) Data and Calculations:
Unit variable costs:
Fabric and materials per gown = $62
Labor cost per gown to construct the gown = $40
Total unit variable costs per gown = $102
Unit fixed costs:
Equipment cost = $3,000/500 $6
Total average costs per gown = $108
b) The average cost per gown equals the unit costs (variable costs per unit and the fixed costs per unit). V. Boutique incurs a total equipment cost of $3,000 for the 500 gowns. This means that each gown consumes $6 ($3,000/500) in equipment costs.
