Answer:
a. $955.20
b. $2.7579 x 10¹⁷
Explanation:
a. Simple interest
The value in 2014 of the investment at a 10% simple interest rate is:
b. Compound interest
The value in 2014 of the investment at a 10% compound interest rate is:
Answer:
a. The account Receivable Turnover is 27 times
b. 13.52 days approximately
Explanation:
1. Account Receivable Turnover = Net sales / Average Account Receivables
Account Receivable Turnover = $1,182,600 / $43,800
Account Receivable Turnover = 27 times
The account Receivable Turnover is 27 times
2. Number of days' sales in receivables days = (Average Account Receivables * 365 days) / Net sales
=(43,800 * 365) / 1,182,600
=13.5185
=13.52 days approximately
Excuse me, can you write the <u>Question</u> so i could answer it?
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