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Andrew [12]
3 years ago
14

The financial statements of Vaughn Manufacturing Company report net sales of $643100 and accounts receivable of $92000 and $2600

0 at the beginning and end of the year, respectively. What is the accounts receivable turnover for Vaughn?
Business
1 answer:
Sloan [31]3 years ago
3 0

Answer:

The correct answer is 10.9 times.

Explanation:

According to the scenario, computation of the given data are as follow:-

Average account receivable = (Opening account receivable + Closing accounts receivable) ÷ 2

= ($92,000 + $26,000) ÷ 2

= $118,000 ÷ 2

= $59,000

We can calculate the account receivable turnover by using following formula :-

Accounts receivable turnover = Net sales ÷ Average Account receivable

= $643,100 ÷ $59,000

= 10.9 times  

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Costco has started its operations in China through an e-commerce partnership with Alibaba. Which method of expanding internation
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C. Importing, exporting and countertrading

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The e commerce partnership with Ali baba will enable them (Costco) buy (import) and sell (export) goods using the internet, and also transfer money and data to execute these transactions.

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The following items appear on the balance sheet of a company with a one-year operating cycle. Identify the proper classification
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I think so buh I’d advice u to make it its correct

7 0
3 years ago
Understanding opportunity cost before you started applying for college, a job recruiter offered you a full-time cashier position
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Answer: You decide to go to college probably because<em><u>"You value a year of college at more than $56,000"</u></em>

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3 0
3 years ago
Select the correct answer.
PolarNik [594]

Answer:

Elena wants to open a Chinese restaurant near a university. She has the required capital to start her restaurant. However, she is unable to find  

good chefs for her restaurant. Which type of resource is Elena lacking?  

Elena is lacking Labor resource.  

Explanation:  

The Labor resource is the term related with the people needed for running the operation of a business. In this case Elena has the need for the chefs that will help you with the elaboration of the dishes that she wants to offer.  

A business usually needs the following type of resources: labor, capital and land.  

As we said previously Labor is the resource related to people.  

Land is the resource related to the physical space where you want to set up your business. e.g store, online site, offices, building and so on.  

Capital is the resource related to the money or financial investment needed to cover the initial launching costs.  

7 0
3 years ago
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