1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
grandymaker [24]
3 years ago
9

Universal Sports Supply began the year with an accounts receivable balance of $200,000 and a year-end balance of $220,000. Credi

t sales of $750,000 generate a gross profit of $250,000. Calculate the receivables turnover ratio for the year. (Round your final answer to 1 decimal place.)
Receivables Tumover Ratio
Universal Sports Supply = times
Business
1 answer:
Dovator [93]3 years ago
6 0

Answer:

3.6

Explanation:

The receivables turnover for the year is calculated as;

= Net sales(credit sales) ÷ Average accounts receivables

Average account receivables

= ($200,000 + $220,000) ÷ 2

= $210,000

Therefore, Receivables turnover

= $750,000 ÷ $210,000

= 3.6

You might be interested in
Media richness refers toa. a message's impact on the company's bottom lineb. how much a communication channel costs the company
Anit [1.1K]

Answer: c. the extent to which a channel represents all of the information available

Explanation:

Media richness is when a communication media is able to pass across a rich messages. We should note that the characteristics of richness has to do with the amount of feedback, language variety, and social cues, that is passed to a communicative partner.

Media richness has to do with the amount of information that is transmitted through a particular communications channel.

6 0
3 years ago
Sassy Company sells its widgets for $20 each. Its variable cost is $12 per widget. Fixed costs are $150,000 per month for volume
disa [49]

Answer:

$440,000

Explanation:

Sassy Company budgeted operating income

Operating income will be :

(20-12) $80,000 - $200,000

=8×$80,000-$200,000

=$640,000-$200,000

=$440,000

Therefore the budgeted operating income at a level of 80,000 widgets per month will be $440,000

7 0
3 years ago
Read 2 more answers
During risk management activities, 236 risks have been identified which are caused by 13 root causes. You could eliminate 234 ri
alisha [4.7K]

Answer: (D) Accept the risk

Explanation:

 According to the given question, the one of the best solution is to accept the risk as the 2 given risks in the project cannot be removed or also outsourced from the given project scope.

Accepting the risk is one of the risk retention process in which we sometimes cannot avoid the given risk in the risk management and it is commonly found in the various types of investment process and also in the business.

 On the basis of the given scenario, we could not eliminate the two risks in the project so the best solution is to using the risk acknowledgement due to some limitations. Therefore, Option (D) is correct answer.

5 0
4 years ago
When an industry is a natural monopoly:
Margaret [11]

Answer:

The answer is D a larger number of firms will lead to a higher average cost

6 0
3 years ago
A firm in China sells toys to a U.S. department store chain. Other things the same, these sales:a. decrease U.S. net exports and
kari74 [83]

Answer: decrease U.S. net exports and increase Chinese net exports

Explanation: All things the same, the Chinese is exporting while the American store is importing. As the Chinese is exporting, the net export (the difference between a nation's exports and imports) in China increases and as the American is importing, the net export in America is decreasing.

8 0
3 years ago
Other questions:
  • Jing Company was started on January 1, Year 1 when it issued common stock for $50,000 cash. Also, on January 1, Year 1 the compa
    13·1 answer
  • The Lost Continent Store pays a constant dividend. Last year, the dividend yield was 5.75 percent when the stock was selling for
    14·1 answer
  • Social security numbers, financial account numbers, credit card numbers, and date of birth are examples of
    8·1 answer
  • Grey's infotech sells customized hardware and software solutions for businesses. the salespeople for grey's have a strict dress
    13·1 answer
  • It is hard to determine if the bank's Web site is secure.
    9·2 answers
  • John, a local florist in harrisburg, wanted to invest in outdoor advertising before valentine's day. a local advertiser showed j
    12·1 answer
  • The equation representing the consumption schedule for the economy is:
    14·1 answer
  • A city government purchased a new fire truck in Year 1 for $270,000. The city incurred an additional $ 30,000 in transportation
    5·1 answer
  • A price index is: Multiple Choice the cost of a market basket of goods and services in a base period divided by the cost of the
    14·1 answer
  • ISO 9000 is a certification program attesting that a factory, laboratory, or office has met the rigorous requirements set by the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!