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neonofarm [45]
2 years ago
5

Net credit sales $120,000 Average accounts receivable 20,000 Cash collections on credit sales 100,000 What is the receivables tu

rnover ratio
Business
1 answer:
Kazeer [188]2 years ago
4 0

Answer:

6:1

Explanation:

Net credit sales is $120,000

Account receivable is $20,000

Cash collection on credit sales is $100,000

.

Therefore the receivables turnover ratio can be calculated as follows

= 120,000/20,000

= 6:1

Hence receivable turnover ratio is 6:1

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SCI just paid a dividend of $2.16 per share, and its annual dividend is expected to grow at a constant rate of 4.50% per year. I
guajiro [1.7K]

Answer:

$33.44

Explanation:

The computation of the intrinsic value of the share is shown below:

= Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $2.16 + $2.16 × 4.50%

= $2.16 + $0.0972

= $2.2572

The required rate of return is 11.25%

And, the growth rate is 4.50%

So, the intrinsic value is

= ($2.2572) ÷ (11.25% - 4.50)

= $33.44

8 0
3 years ago
The adjusted trial balance of Sunland Company shows these data pertaining to sales at the end of its fiscal year, October 31, 20
sveta [45]

Answer and Explanation:

The preparation of the sales section of the income statement is presented below:

<u>Income Statement </u>

<u>For the year ended </u>

Sales  

Sales revenue  $903,400

Less:  

Sales Discount  $15,400  

Sales return & allowances  $22,000  

Net Sales         $866,000

hence the net sales is $866,000

The freight out would not be considered. Hence, ignored it

7 0
2 years ago
Thị trường mục tiêu và khách hàng mục tiêu của sunhouse?<br> Mọi người giúp mình với.
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kaniwownbnelwnwpwnwjkkw

3 0
2 years ago
When command is transferred, then all personnel involved in the incident should be told.
olga nikolaevna [1]

Based on the principle of formality, the correct answer goes:

  • The effective time and date of the transfertransfertransfertransfer

<h3>Command of transfer</h3>

When command is transferred, then all personnel with a need to know should be told: The effective time and date of the transfer.

In conclusion, we can conclude that the correct answer is as informing about effective time and date.

Learn more about transferring officer here: brainly.com/question/10721205

6 0
2 years ago
Describe how you would transition to another career of your choice. Be sure to includes reference to how
Bezzdna [24]
<h2>My suggestion is to read the job description which you want to apply and compare the present responsibilities and edit the resume as needed.</h2>

Explanation:

To list out the responsibilities the following might be helpful:

  • Make the building disease free by mopping, vacuuming, sweeping
  • Take the best care to fill restrooms and bathrooms for the personal care of the employees and customer
  • Protects the building by cleaning up trash on time
  • Bring business by doing duties on time

To list out the skill and attitude:

  • Cautious about cleanliness
  • Perfect in nature
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6 0
3 years ago
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