Answer:
Accounts receivable turn over is 16.64
Explanation:
To compute accounts receivable turn over ratio, we simply divide net credit sales over the average accounts receivable.
Accounts receivable turn over ratio = $1,240,000/$74,500
= 16.64
The higher the ratio, the better it is in the company. It simply means, the company exercises the effective way to collect its receivable from the customer.
*Net credit sales is derived by deducting sales returns and allowances from gross credit sales. If the problem is silent regarding cash sales, we will assume that the sales made by the period is all at credit.
Answer:
A I don't know how to explain it but the answer is A
Answer:
$187,200
Explanation:
Given that,
Company's Finished Goods inventory Debited = $218,000
Company's Finished Goods inventory credited = $218,000
Ending balance in the Finished Goods inventory = $13,000
Manufacturing overhead was overapplied by $36,700.
Applied manufacturing overhead = $223,900
Actual manufacturing overhead cost for the year:
= Manufacturing overhead applied - Manufacturing overhead overapplied
= $223,900 - $36,700
= $187,200
Answer:
Check industry standards
Explanation:
In order to be sure that a financial indicator is fine, the company must check it against it's market. The above average the better.
