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neonofarm [45]
3 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]3 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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John is an electrician who runs his own small shop. When tax season comes, he hires an accountant from one of "the Big Four" acc
Alex Ar [27]

Answer:

When tax season comes, he hires an accountant from one of "the Big Four" accounting firms to help him file his business's tax return. In this scenario, John has most likely hired a <u>Tax</u> Accountant

Explanation:

A Tax Accountant helps the individual or businesses that hire them fill out their tax forms properly, advise them about future financial moves that can affect their taxes and file taxes with the appropriate documentation electronically so that your clients receive their refunds as quickly as possible.

They can work as a direct employee or as an independent contractor who runs their own business.

They take charge of tax preparation and help your clients to lower their tax obligations when filing tax returns.

If an individual is audited, they handle this audit for them to ensure that the individual gets through the process unharmed.

8 0
3 years ago
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The dot plot shows the number of emails Aaron sent his cousin each week. Number of Emails Each Week A dot plot going from 0 to 5
Andre45 [30]

Answer:

2

Explanation:

Based on the information given the gap in the data is 2 reason been that if 0 has 3 dots, 1 has 1 dot, 3 has 4 dots, 4 has 7 dots and 5 has 6 dots while 2 has 0 dots which means that 0,1,3,4 and 5 all have dots excepts 2 which has 0 dots which simply indicate that the lack of dots that 2 has led to the gap or interval in the data which inturn means that the gap in the data can be found on 2 due to 0 dots or lack of dots.

Therefore the gap in the data is 2.

4 0
3 years ago
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On September 1, Year 1, Dallas Corporation accepts a $30,000 six-month, 12 percent promissory note from one of its clients. The
Aleksandr-060686 [28]

Answer:

$1,200

Explanation:

Since the promissory note is accepted by Dallas Corporation for the period of only four months in the Year 1 i.e. from the September 1, Year 1 to December 31, Year 1, therefore the interest revenue will be accrued for the period of four months which shall be calculated using the below mentioned equation:

Interest revenue=Promissory note amount*interest rate*4/12

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5 0
3 years ago
For luxury carmakers, the lowest-end models in their product lines often represent only a small portion of their sales. Yet thes
zepelin [54]

Answer:

E. Loyalty to the Brand.

Explanation:

For luxury car makers, the lowest-end models in their product lines often represent only a small portion of their sales. Yet these models are critically important when it comes to attracting new customers and, potentially, establishing their lifelong loyalty to the brand. They have to put efforts on this segment as well, although this segment is very small but it also has much importance for them because this segment contributes to their overall brand loyalty and brand equity as well. Brand equity can be enhanced by selling to this segment as well. Brand equity is the value that a brad name has and it is equally important as customer equity which is the sum of the all the purchases of all the customers of a brand.

4 0
3 years ago
The labor demand curve shows how many workers the firm is willing to hire Group of answer choices at any given wage. into high-s
kakasveta [241]

Answer:

at any given wage

Explanation:

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Please check the attached image for a graph showing the labour demand curve

7 0
3 years ago
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