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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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Dafna11 [192]

Answer:

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Explanation:

kaya niyo na iyan hehe

5 0
3 years ago
Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the res
dimaraw [331]

Answer:

Nominal interest rate =  12.23%

Explanation:

Given - Aerotron Electronics has just bought a used delivery truck for

            $15,000. The small business paid $1,000 down and financed the  

             rest, with the agreement to pay nothing for the entire first year and  

             then to pay $526.83 at the end of each month over years 2, 3, and

             4 (first payment is in 13th month).

To find - a. What nominal interest rate is Aerotron paying on the loan.

Proof -

As given ,

Price - $15,000

Down Payment - $1,000

⇒Loan Payment = $15,000 - $1,000

As given,

He will not pay for the entire first year. After that he will pay $526.83 for next 3 years.

Now,

Interest rate for 1 month = r %

So,

Loan after 1 year = 14,000( 1 + r)¹²

And

Annuity factor = \frac{1}{r} - \frac{1}{r}. \frac{1}{(1+r)^{t} }

and t = 3 years = 36 months

Now,

As we know,

Monthly loan payment = \frac{Loan amount}{Annuity factor}

⇒$526.83 = 14,000( 1 + r)¹² / \frac{1}{r} - \frac{1}{r}. \frac{1}{(1+r)^{t} }

By solving we get

r = 1.019%

Now,

Nominal interest rate = 1.019%×12 = 12.23%

7 0
3 years ago
A company that manufactures laser printers for computers has monthly fixed costs of $177,000 and variable costs of $650 per unit
nydimaria [60]

Answer:

295 units

Explanation:

The cost -volume-profits CVP concepts calculate the breakeven point by dividing fixed costs by the contribution margin per unit.

i.e., Breakeven point = Fixed cost/ contribution margin per unit.

For this company,

Fixed costs are $177,000

Contribution margin per unit

= selling price - variable costs.

=$1250 -$650

=$600

Breakeven point = $177,000 / $600

=295 units

6 0
3 years ago
john chapelle wants to know if his video store customers are interested in a selection of classic, black and white movies. how c
jeka57 [31]
It is important to keep the questionnaire really short, probably just one good question or a checkbox list would suffice. Hand out the questionnaire once they buy or rent the cds/dvds at the counter. They shall answer it out while you process the receipt and give change. This should come around smoothly and won't be much of a hassle for the customer.
4 0
3 years ago
Heather Hudson makes stuffed teddy bears. Recent information for her business follows: Selling price per bear $ 32.50 Total fixe
Neporo4naja [7]

Answer: 26.5% increase

Explanation:

Current profit = Sales - Variable costs - fixed costs

= ((32.50 - 16.50) * 360 bears) - 1,420

= $4,340

Sales increase by 20% = 360 * ( 1 + 20%) = 432 bears

New profit;

= ((32.50 - 16.50) * 432 bears) - 1,420

= $5,492

Effect of sales increase = ( 5,492 - 4,340) / 4,340

= 26.5% increase

8 0
3 years ago
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