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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

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Answer:

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Explanation:

hoped this helped

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Answer:

Variance (Unfavorable) (NZD 340,000)

Explanation:

Budget Variance using exchange rate projected at the time of budget

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                    MYR            MYR

Revenue  12000000   11000000    -1000000      0.34            -340000

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3 years ago
Find the interest due on $700 at 10.5% for 90 days.. 19.11. 18.38
ludmilkaskok [199]
To answer the question, I assume that the given interest is annual and simple interest. The interest acquired by the investment in simple interest is given by the equation,
                                    I = P x i x n
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What is the movement of an economy from one condition to another and back again
pav-90 [236]

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3 years ago
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Nesterboy [21]

Answer:

€4,883,000

Explanation:

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3 0
3 years ago
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