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
Marianna [84]
3 years ago
5

Beverage International reports net credit sales for the year of $252,000. The company's accounts receivable balance at the begin

ning of the year equaled $48,000 and the balance at the end of the year equaled $58,000. What is Beverage International's receivables turnover ratio
Business
1 answer:
dezoksy [38]3 years ago
6 0

Answer:

4.8

Explanation:

The formular to find the receivable turn over ratio is

= net credit sales/average.

account receivable

The values given are:

Net credit sales for the year=$252,000

Company account receivable balance at the beginning of the year= $48,000

Company account receivable balance at the end of the year= $58,000

To find the average account receivable we will sum both balance and divide by 2

= 48,000+58,000/2

= 106,000/2

= $53,000

Average account receivable is $53,000

Therefore, receivable turn over ratio is

= $252,000/$53,000

= 4.8

Thus, Beverage international's receivables turn over ratio is 4.8

You might be interested in
The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business r
inna [77]

Answer:

$2,000

Explanation:

Calculation for What is the balance in Accounts Receivable

Credit sales $10,000

Less : Collection ($8,000)

Account receivable $2,000

Therefore the balance in Accounts Receivable will be $2,000

8 0
3 years ago
Why do people tend to eat more at all-you-can-eat buffet restaurants than at restaurants where each item is purchased separately
harkovskaia [24]
A. is the answer.............
3 0
3 years ago
Suppose a country has a money demand function ( M/P )^d = kY , where k is a constant parameter. The money supply grows by 12 per
mote1985 [20]

Answer:

Part A)

Inflation Rate = 12% - 4%

Inflation rate = 8%

Part B)

If the genuine income was higher, the expansion level would diminish subject to the buyer's spending limitations. As such, they will make a similar measure of cash yet their buying power per dollar will increase.  

Part C)

in the current scenario, increment in cash would cause the expansion rate to increment. On the off chance that we consider the past and occasions, for example, hyperinflation, take a gander at what the reason was. Governments were printing cash to pay obligations, which was diminishing the estimation of their money. Right now, would get paid and race to the store to go through their cash in light of the fact that their dollars today may just be worth 50 pennies tomorrow or at times, the following hour. Thus, our answer is if the speed of cash continues developing, expansion will continue developing also. These two factors are star repetitive with one another significance they move together.

5 0
3 years ago
One factor that influences the consumer decision-making process is __________, which refers to the set of values, attitudes, and
Ray Of Light [21]

Answer:

culture

Explanation:

culture: it is combination of values and moral that someone inherit from their forefather. it has very firm effects on decision making process. culture factors like occupation, economic background of consumer and lifestyle etc affect the decision of consumer. it is the value that passes from one generation to another.

culture is that stiff part of one life that cannot be change with time and more or less on the basis this consumer change its decision.

6 0
3 years ago
A rich relative has bequeathed you a growing perpetuity. the first payment will occur in a year and will be $ 3 comma 000$3,000.
MAVERICK [17]
A. For knowing today's value of the bequest we need to know the period of time.
When the first payment occure and how many payments were made. 
b. Immediate value of bequest is $3,000 After one year it needto be 1.16*3,000=$3,480 Plus the second payment will be 1.04*3,000=$3,120
8 0
4 years ago
Other questions:
  • The 2012 box office receipts for the movie The Avengers were $1,515.8 million. By way of comparison, the 1977 receipts for Star
    7·1 answer
  • 5. Which of the following examples of emotional behaviors are displayed by infants up to 8 months?
    15·2 answers
  • Which type of cybercriminal attack would interfere with established network communication through the use of constructed packets
    12·2 answers
  • What company fact is evidence of the high employee commitment at patagonia?
    15·1 answer
  • Jan Stevenson, a sales representative at a medical systems company, just received her performance appraisal from her boss, Linda
    15·2 answers
  • What is the typical relationship between time and interest rate?
    8·2 answers
  • The demand for chocolate chip cookie dough ice cream is likely quite elastic because
    8·1 answer
  • Introduce national employment with its importance and examples​
    9·1 answer
  • Think about a financial decision you made regarding the purchase of a big-ticket item or investment within the last five years.
    8·1 answer
  • In the short run, average total costs and average variable costs converge as output increases because:________
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!