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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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A. $7,275,000

B. $436,500

C. YES

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A. Calculation for how many dollars will the cash management system free up

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Let plug in the formula

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Second step is to calculate for delayed disbursements using this formula

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Let plug in the formula

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Income =Freed up fund× Interest rate

Let plug in the formula

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