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malfutka [58]
3 years ago
12

The 2018 financial statements of BNSF Railway Company report total revenues of $19,548 million, accounts receivable of $1,189 mi

llion for 2018 and $955 million for 2017. The company’s accounts receivable turnover for 2018 is:A) 16.4 daysB) 20.5 timesC) 18.2 daysD) 18.2 timesE) None of the above
Business
1 answer:
Vitek1552 [10]3 years ago
3 0

Answer:

D) 18.2 times

Explanation:

The accounts receivable turnover is determined by dividing the total credit revenues by the average receivables.

The average receivables is the sum of the opening and closing receivable balances divided by 2.

The average receivables is  ( $ 1,189 + $ 955) / 2 =  $ 1,072

The total revenues in the absence of other information is considered as credit sales.

Average receivables turnover      = $ 19,548  /  $ 1,072  = 18.24 times    

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Sergio gets a haircut from Amelia and writes a check to pay for it. In this transaction, the drawee is: a. the bank on which the
Verizon [17]

Answer: the bank on which the check is drawn because it must pay the check. (A)

Explanation:

A Drawee is a banking and legal term that is used to describe the party which has been directed by the depositor to pay a certain amount of money to the person who is presenting the draft or check or draft.

A typical example is if when someone is cashing a paycheck. The drawer is the bank that cashes the person's check, the drawer is the employer or person who wrote the check, and the person cashing the check is the payee.

7 0
3 years ago
Palace Company has two service departments and two user departments. The number of employees in each department is:Personnel 10C
joja [24]

Answer:

$3,483.17

Explanation:

Calculation for the amount of cost allocated to the Cafeteria under the step method

Using this formula

Allocation to Cafeteria=[Cafeteria/(Cafeteria+Producing Department A+Producing Department B)]×Budgeted costs

Let plug in the formula

Allocation to Cafeteria=[25/(25 + 308 + 287)] x $72,450

Allocation to Cafeteria=(25/520)×$72,450

Allocation to Cafeteria=0.0480769231×$72,450

Allocation to Cafeteria=$3,483.17

Therefore the amount of cost allocated to the Cafeteria under the step method would be $3,483.17

8 0
3 years ago
Although some gains have been made in reducing the rate of malnourishment in some lower-income nations, about __________ people
ValentinkaMS [17]

Answer:

1 billion

Explanation:

According to the World bank, about 1 billion people are malnourished around the world despite its efforts to reduce the rate of malnourishment in some lower-income nations. A larger percentage of this 1 billion malnourished people are in the Asian and Pacific continents; rather large percentage of about 60-65 percent.

I hope this helps.

6 0
3 years ago
It is estimated that the average cost of a single field sales call on a business customer is about __________, factoring in sale
bearhunter [10]
The answer to this question is an amount equal to or more likely "$350.00". Hence when it is estimated that the average cost of single field sales calls on a business or the establishment customer is about an amount of $350.00, factoring in sales the people or worker's compensation, benefits, and the travel-and-entertainment expenses.
3 0
3 years ago
Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from gross investment, $3.5 trillion
jonny [76]

Answer:

The correct answer is option D.

Explanation:

NDP or net domestic product is calculated by deducting depreciation from GDP or gross domestic product.

Gross domestic product is the measure of final goods and services produced in an economy in a given time period, generally a year.

Gross domestic product will be the sum of consumption, investment, government expenditure and net exports.

NDP

=GDP-Depreciation

=$(16-1)

=$15 trillion

So, NDP is $15 trillion.

6 0
3 years ago
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