Answer:
The answer is: A) Was approximately 7.77
Explanation:
A company's Accounts Receivable turnover rate refers to the number of times per year that a company collects its accounts receivable. It is calculated using the following formula:
turnover rate = 365 days / average time to collect accounts receivable
turnover rate = 365 days / 47 days = 7.77
Answer:
$8000
Explanation:
Based on the fact that she didn't purchase the stock initially At $10000, but she was gifted it at $8000 her bases upon which she will derive profit or loss from is $8000
Answer:
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Answer:
A. Debit Equipment and credit Cash.
- You purchase equipment and you pay in cash.
B. Debit Dividends and credit Cash.
C. Debit Wages Payable and credit Cash.
- You paid wages that you owed to your employees. Generally wages are paid at the end of the week and not all months end on a weekend. So you must record wages payable until you actually pay the wages.
D. Debit Equipment and credit Common Stock.
- You received equipment in exchange for common stock.
E. Debit Cash and credit Unearned Revenue.
- You received cash in advance for some food that you will deliver in the future.
F. Debit Advertising Expense and credit Cash.
- You incurred in advertising costs and you paid them in cash.
G. Debit Cash and credit Service Revenue.
- You sold meals and your clients paid you in cash.
Answer:
B. facts and figures related to the problem that are divided into two main parts: secondary data and primary data
Explanation:
Data is referred to as facts and figures or in general information that is used as basis for reasoning and calculations and important in decision making. There are two main parts of data
1. Primary Data
2. Secondary Data.
Primary data are data collected by the investigator or researcher or agency for a specific purpose. They are first hand data. They include surveys, observations, experiments, questionnaires and so on.
Secondary data are data collected by someone else for some other purpose but being used by the investigator for another purpose. They are fabricated data. They include books, journals, articles and so on.