Answer: The accounts receivable turnover is computed using the formula below: Net credit sales divided by Average accounts receivable
Explanation: The accounts receivable turnover ratio is a measure used to quantify a company's effectiveness in managing its receivables collections or amount owed by clients. The following steps are involved in calculating the accounts receivables turnover:
- Get the accounts receivable at the beginning and end of the desired periods and divide by 2 to get the average, which is the denominator in the formula above.
- Then get the net credit sales, which is the total sales revenue done on credit to customers, after backing out customers' returns
High accounts receivable turnover ratio means the company's collection process is highly effective while the low ratio signifies the opposite.
Answer:
Answer for the question:
A company must perform a maintenance project consisting of seven activities. The activities, their predecessors, and their respective time estimates are presented below:
Immediate
Activity
Designation
Predecessor
Time in Days
Break down both machines
A
None
3
Clean machine 1
B
A
3
Clean machine 2
C
A
3
Re-set machine 1
D
B
1
Re-set machine 2
E
C
2
Re-calibrate both machines
F
D and E
1
Final test
G
F
2
Using the Single Time Estimate CPM procedure, what is the critical path for the project & the overall project duration?
e. ABCDG & 10 days
c. ABDFG & 10 days
d. ABDFG & 11 days
b. ACEFG & 10 days
a. ACEFG & 11 days
is given in the attachment.
Explanation:
<span>A possible reason that a company would sell stock is to help expand their business, hire more people and develop new technology. Businesses will sell stock so that they can accumulate more cash on hand to have for funding other projects within the company. Having more cash on hand allows for more options to grow at a quicker rate. </span>
Bank loan and trade credit are two examples of short term sources of finance
