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anastassius [24]
3 years ago
12

The financial statements of the Bramble Corp. report net sales of $473850 and accounts receivable of $56000 and $25000 at the be

ginning of the year and the end of the year, respectively. What is the accounts receivable turnover for Bramble?
Business
1 answer:
SCORPION-xisa [38]3 years ago
3 0

Answer:

the accounts receivable turnover for Bramble is 5.85 times

Explanation:

The computation of the account receivable turnover ratio is shown below

the account receivable turnover ratio is

= Net sales ÷ (Beginning account receivable + ending account receivable) ÷ 2

= $473,850 ÷ ($56,000 + $25,000)

= 5.85 times

Hence, the accounts receivable turnover for Bramble is 5.85 times

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Bob and Sally are married, file a joint tax return, report AGI of $120,000, and have two children. Del is beginning her freshman
ch4aika [34]

Answer:

B) $5,000

Explanation:

Bob and Sally can claim an American Opportunity (AO) credit for both of their children, Del and Owen.

Del's AO credit is $2,500 (100% of  the initial $2,000 qualifying expenses and 25% of the next $2,000 qualifying expenses).

Owen's AO credit is the same as Del's, $2,500.

The total American Opportunity credit claimed is $5,000 ($2,500 + $2,500)

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3 years ago
Art, Inc., has 2,500 shares of 5%, $100 par value, cumulative preferred stock and 20,000 shares of $1 par value common stock out
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Answer:

The amount of dividend received by common stockholders in 2017 = $7500

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The preference shares are cumulative which means the 2015 dividend on cumulative preference shares will be paid in the next year when dividend is declatred.

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In 2016 dividend of 22500 is declared and paid.

Out of this 22500, 12500 relates to prefernece dividend for 2015.

The remaining 10000 relates to 2016 preference dividend. Thus, 2500 of 2016 preference dividned is outstanding and will be paid in 2017.

In 2017 out of 22500, 15000 (12500 + 2500) dividendd is paid to preference share holders.

The amount of dividend received by common stockholders in 2017 = 22500 - 15000 = $7500

7 0
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The oil price shocks of 20062009: Between 2006 and the middle of 2008, oil prices rose sharplyfrom around $60 to more than $140
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Answer:

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How much the top managers support a change and how capable employees are of handling a change are important considerations of.
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Read more about management here:
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