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ANTONII [103]
3 years ago
13

The formula for accounts receivable turnover is computed as _____ divided by average accounts receivable, net.

Business
1 answer:
Alecsey [184]3 years ago
6 0

Answer:

revenue

Explanation:

Accounts receivable turnover is an example of activity ratios. It measures the efficiency by which accounts receivable are collected.

You might be interested in
The following information is from the annual financial statements of Nancy Company.
lakkis [162]

Answer:

5.79 times

Explanation:

The computation of the Accounts receivable turnover ratio  

= Credit sales ÷ average accounts receivable

where,  

Average accounts receivable = (Opening balance of Accounts receivable + ending balance of Accounts receivable) ÷ 2

= ($46,400 + $49,700) ÷ 2

= $48,050

And, the net credit sale is $278,000

Now put these values to the above formula  

So, the answer would be equal to  

= $278,000 ÷ $48,050

= 5.79 times

5 0
3 years ago
Padraig receives total employment compensation of $70,000 and had $2,000 in job expenses. Which of the following could be true a
dimulka [17.4K]

<u>Answer:</u> Option C

<u>Explanation:</u>

The total compensation along with benefits are $72000. When the employee benefits calculated the annual gross pay given in option C . 12.5% interest calculated on $64000 will give total compensation of $72000.

Calculation of total compensation

Employee benefits = $64000 x 12.5/100

                               =$8000

Annual compensation= $64000 +$8000

                                    =$72000

4 0
3 years ago
Read 2 more answers
Jessica simpson has decided to open a small fast food place that specializes in buffalo wings. to do so she must resign from her
In-s [12.5K]

Answer: Jessica's implicit costs are $46,000.

Implicit costs are the benefits that an individual gives up when they take a decision. Implicit costs are also known as opportunity costs.

In this case, Jessica will lose her salary of $40,000 each year. She will also lose the rent of $6000 a year from the building if she opens her fast food joint. So, total implicit costs are:

Total implicit cost = 40000+6000 = 46000

6 0
2 years ago
PLEASE HURY
horsena [70]

Answer:

your answer is C I am not 100% sure

7 0
3 years ago
What position would you call a person who works in the recreation part of a nursing home??
Sergio [31]

Hope this Helps idk if this is the answer but a person who works in a nursing home mostly be CNA's or RNA's

4 0
3 years ago
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