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klemol [59]
3 years ago
14

Universal Sports Supply began the year with an accounts receivable balance of $130,000 and a year-end balance of $150,000. Credi

t sales of $645,000 generate a gross profit of $215,000. Calculate the receivables turnover ratio for the year. (Round your final answer to 1 decimal place.)
Business
1 answer:
Helen [10]3 years ago
8 0

Answer:

The answer is 4.6

Explanation:

The formula for receivable turnover equals:

Net sales (credit sales) ÷ average accounts receivable

Average accounts receivable =

($130,000 + $150,000) ÷ 2

$280,000 ÷ 2

= $140,000

Therefore, receivables turnover ratio is

$645,000/$140,000

= 4.6

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Artemon [7]

Answer:

The bonds are guaranteed as to principal and interest payments by the US government.

Explanation:

According to NASAA's Statement of Policy on Unethical or Dishonest Business Practices of Broker-Dealers and Agents, a broker can say US government bonds are guaranteed on principal and interest payments.

However if inflation sets in and interest rates rises there is no guarantee from the government that interest paid on the bonds will match the higher interest rate.

So legally this statement is correct, even though the investor can lose money as a result of higher interest rate in the future.

4 0
3 years ago
A local portrait photographer currently employs 2 helpers for the busy Fall season. With two helper she can produce 450 packets
Cerrena [4.2K]

Answer:

The marginal product for the third worker is 150 packets

Explanation:

Marginal product is the change in the output of a firm as a result of an additional input or factor of production. These additional inputs may include materials, labor etc.

The Marginal product for the third worker can therefore be calculated as

change in Total product / change in labour

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6 0
3 years ago
Suppose flowering plants generate a positive externality in consumption, if so then
Studentka2010 [4]
<span>The private benefit from consuming (buying, watering, caring for) the flowers will be different from the social benefit that comes from consuming the flowers. In this case, it could be the enjoyment experienced by people who come over to the person's house who purchased the plants: they are a third-party who were not directly involved in the plant-purchasing transaction.</span>
7 0
3 years ago
What may make a small business loan challenging to obtain? List at least two potential obstacles.
jeka57 [31]

Answer:

credit

work history

Explanation:

hope this helps

3 0
3 years ago
The channels through which advertising is carried to prospective customers are advertising: Group of answer choices conduits med
viktelen [127]

The channels through which advertising is carried to prospective customers are advertising is: advertising media.

<h3>What is advertising?</h3>

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Hence, Advertising media tend to play an important function when it comes to creating product or brand awareness based on the fact advertising media is a channels through which advertising is carried to prospective customers.

The complete question is:

The channels through which advertising is carried to prospective customers; includes newspapers, magazines, radio, television, outdoor advertising, direct mail, social media, and the internet.

Learn more about advertising here:brainly.com/question/1658517

#SPJ1

5 0
2 years ago
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