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Lemur [1.5K]
3 years ago
13

The accounts receivable turnover is computed by dividing gross sales by ending net receivables. gross sales by average net recei

vables. net sales by ending net receivables. net sales by average net receivables.
Business
1 answer:
kolbaska11 [484]3 years ago
8 0

Answer:

The accounts receivable turnover is computed by dividing <u>net sales by average net receivables.</u>

Explanation:

The accounts receivable turnover is used to quantify a company's effectiveness in collecting its receivables from its clients.

Accounts Receivable Turnover =  Net Credit Sales  / Average Accounts Receivable

A high receivables turnover ratio can indicate that a company’s collection of accounts receivable is efficient and a low receivables turnover ratio might be due to a company having a poor collection process.

​

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Air France collected cash on February 4 from the sale of a ticket to a customer on January 26. The flight took place on April 5.
expeople1 [14]

Answer:

Air France should have recognized the Revenue in month of  APRIL.

Explanation:

According to the revenue recognition concept the revenue should be recognized when it is realizable. When goods or services are tranferred or rendered to the customer. It doesn't matter matter when the payment is received. Payment received in advance should be recorded as unearned revenue rather as revenue. On the other hand payment doesn't received until the transfer of goods or services, a receivable will be made in result of revenue recognition entry. Air France should recognize the revenue on April 5, when the flight took placed and services are performed. Sale of ticked on January 26 will be recorded as unearned revenue and a receivable on the other hand. The receivable will be adjusted on February 4 when cash is received and the revenue will be recognized on April 5 when flight took place.

7 0
3 years ago
You produce cars. You are willing to supply the most cars at a price level of ___
gayaneshka [121]
Im guess it would be 20,000 but im not positive

6 0
3 years ago
Read 2 more answers
A movement along the demand curve might be caused by a change in:____.
dolphi86 [110]

A movement along the demand curve might be caused by a change in the price of the good or service that is being demanded.

<h3>What is Demand?</h3>

This is the quantity of goods and services that consumers are able to purchase at a given price and at a particular time.

The price of the goods and services greatly influences the level of demand thereby bringing about movement along the demand curve. This makes the option D the most appropriate choice.

Read more about Demand here  brainly.com/question/2398546

7 0
2 years ago
For an analysis of the salaries of your​ company, you plot the salaries of all employees against the number of years they have w
Arisa [49]

Answer:

1. That values that you must plot are:

  • (1, 4.08))
  • (20, 5.08)
  • (40, 6.18)

2. Yes, the plot of those three points is straight enough.

Explanation:

<em><u>A. What are the values you will​ plot? </u></em>

The x-ccordinate of your plot is still the number of years the exmployees have worked for the company.

The y-coordinate of your plot is the the​ base-10 logarithm of  the salary.

Therefore:

<u>1) A​ part-time shipping​ clerk</u>: 1 year, $12,000

           ⇒     (1,log_{10}12,000)=(1,4.08)

<u>2) A manager</u>: 20 years, $120,000

  ⇒     (20,log_{10}120,000)=(20,5.08)

<u>3) The​ CEO</u>: 40 years​ ago, $1,500,000

  ⇒     (40,log_{10}1,500,000)=(40,6.18)

Summarizing, the points to plot are:

  • (1, 4.08)
  • (20, 5.08)
  • (40, 6.18)

<u><em>B. Will the plot of these three points be straight​ enough?</em></u>

To find whether the plot is straight enoguh, you may either plot them, make a regression, or, since they are only three points, you can whether the change of rate of the points is constant.

  • <u>Change of rate of the first two points, r</u>:

       r = rise/run = Δy / Δx = (5.08 - 4.08) / (20 - 1) =1.00/19 ≈ 0.05

  • <u>Change of rate of the second and the third points, r</u>:

       r = rise/run = Δy / Δx = (6.18 - 5.08) / (20 - 1) = 0.05

Since both rate of changes are equal (or reasonably equal) the plot is  straight enough.

4 0
3 years ago
se the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $31,226 Accoun
Alex777 [14]

Based on the information given the amount of quick assets is $128,694.

Using this formula

Quick assets = Cash + Marketable securities  + Accounts receivable

Where:

Cash=$16,106

Marketable securities=$37,992

Accounts receivable=$74,596

Let plug in the formula

Quick assets =$16,106  + $37,992+ $74,596

Quick assets  = $128,694

Inconclusion the amount of quick assets is $128,694.

Learn more about quick assets here:brainly.com/question/11209470

8 0
2 years ago
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