The receivables turnover ratio is an
activity ratio computing how proficiently a firm uses its assets.
Receivables turnover ratio can be calculated by:
net value of credit sales during a given period divided by the average
accounts receivables.
Receivables turnover = sales / receivable
= 4,515,830 / 336,500
= 13.42
Days’ sales in receivables = 365 days/ receivable turnover
= 365 / 13.42
= 27.20
The average collection period is 27.20 days.
The value of the goods produced is recorded for the the current year GDP. The year of production not the year of the sale is where the product being produced needs to be recorded within. If it is sold the following year, the sale will then be recorded in the year it is sold in.
The facilitators for the Green Project are the following:
1. The CIO, Brian Smith, since the Green Project is under
him.
2. The PM of the Green Project, Werner McCann
3. The Usability Expert, Linda Perkins.
These persons are the ones who will facilitate the Green
Project.
Answer:
$26,250
Explanation:
If may sales were $75,000
July collection for may sales will be?
May..... sales month
June... first month after sales
July ... second month fater sales..of which 35 % is collected
July's collection will be 35/100 x 75,000
=0.35 x$75,000
=$26,250
