1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mandarinka [93]
4 years ago
5

Consider the following information: Year 2 Year 1 Accounts receivable $ 88,000 $ 80,000 Merchandise inventory 66,000 80,000 Net

sales 408,000 380,000 Cost of goods sold 248,000 228,000 What is the Year 2 receivables turnover ratio for Year 2
Business
1 answer:
jenyasd209 [6]4 years ago
4 0

Answer:

The Year 2 receivables turnover ratio for Year 2 is 4.64 times

Explanation:

The accounts receivable turnover is an efficiency ratio that measures how many times a company can collect its receivables or money owed by clients during the year.

Accounts receivable turnover is calculated by following formula:

Accounts Receivable Turnover = Net Credit Sales /Average Accounts Receivable

In Year 2, Accounts receivable  is $88,000, Net sales is $408,000

Accounts Receivable Turnover ratio = $408,000/$88,000 = 4.64 times

You might be interested in
GNI PPP, or gross national income divided by purchasing power parity, helps measure: Group of answer choices The standard of liv
valentina_108 [34]

<u>Answer:</u>

<em>The standard of living in a country </em>

<em></em>

<u>Explanation:</u>

The GNI and Purchasing Power determine the standards of living. The GNI estimates the present estimation of products and enterprises delivered by a nation. The PPP estimates the relative power a government needs to buy that equivalent merchandise and enterprises. In this way, GNI alludes to gainful yield, and PPP alludes to purchasing power.  

Different models of "global stratification" all make them think in like manner: they rank nations as indicated by their relative financial status, or "gross national item (GNP)".

5 0
3 years ago
What is TRUE about emotions and financial decisions? A. You should only make financial decisions when you are in a good mood. B.
kherson [118]

Answer:

C. hjivgjbvhmmhxtvjjcgjbchvcfvbjjcfsagkbfccfc

4 0
3 years ago
Suppose that the central bank has increased the money supply such that there is an additional $ 868981 in excess reserves. If th
Olin [163]

Answer:

$7,899,827

Explanation:

The computation of the maximum increase in money supply is shown below:

Data given in the question

Additional value in excess reserves = $868,981

Reserve ratio = 11%

By considering the above information, the maximum increase in money supply is

= Additional value in excess reserves × 100 ÷ reserve ratio

= $868,981 × 100 ÷ 11

= $868,981 × 9.09

= $7,899,827

3 0
3 years ago
Fountain Plus, Inc. a manufacturer of bottled water, has enjoyed rapid growth in sales of one of its flavored water products, Xt
sdas [7]

Answer: Before Patent Expired - Monopoly Market

After Patent Expired - Perfect Competition

Explanation:

Fountain Plus had a patent on Xtrafresh, this means that they alone had legal rights to produce it and others could not produce it without their permission. This gave rise to a Monopoly as there was no competition. Fountain Fresh was able to make ECONOMIC PROFIT because they were able to charge at a price higher than both the Marginal Cost and the marginal revenue of Xtrafresh which were equal to maximize output.

When the Patent expired however and other companies could come into the trade,they started competing in the case of Xtrafresh. This competition meant that Fountain Plus could no longer keep the price at a level above Marginal cost as the other firms would simply charge lower. This led to a situation where the production of Xtrafresh and it's demand became Economically Efficient at Equilibrium. What this means is that Firms had to sell at a price determined by the market and had to make sure that this price equaled their Marginal Revenue and Marginal Cost so therefore no firm was able to make ECONOMIC PROFIT any longer.

8 0
3 years ago
The stock of Cooper Corporation is​ 70% owned by Carole and​ 30% owned by​ Carole's brother, Chris. During​ 2017, Chris transfer
g100num [7]

Answer:

$0

Explanation:

Since 100% of Cooper Corporation's stock were owned by Carole and Chris (who are siblings), then no one can recognize any loss or gain from the contribution of property (nor the distribution of property). Under section 351, no gain or loss can be recognized for the contribution of property in exchange for stocks in a controlled corporation.

Since the contribution was made through a carryover basis transaction less than 5 years before the liquidation, the distribution is carried out in the same way.

6 0
3 years ago
Other questions:
  • Vending machines are most often used to sell:
    15·1 answer
  • orward rates. Your company has posted you on a 27​-month overseas assignment in​ Budapest, Hungary. You will be living on the Bu
    7·1 answer
  • Scenario One: Frank and Rachelle Facconne wish to invest in a no-risk savings account. They currently have $25,000 in an account
    8·1 answer
  • Which of the following is a characteristic of the Consolidation phase of e-commerce? predominance of pure online strategies bran
    7·1 answer
  • Investors using a passive bond investment strategy will need to I. buy or sell in anticipation of expected changes in interest r
    9·1 answer
  • Candy and Sarah own and operate a small restaurant. On a weekly basis, they go to their local Sam's Wholesale Club to purchase t
    9·1 answer
  • Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials
    5·1 answer
  • Hasbro, Inc., the trademark owner of "Candy Land," sought a court injunction to stop Internet Entertainment Group, LTD from usin
    9·1 answer
  • When you are confronted with choices in life, what would you consider to be green
    9·1 answer
  • Vacation Pay and Pension Benefits Harvey Company provides its employees with vacation benefits and a defined contribution pensio
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!