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
grigory [225]
3 years ago
6

Powers Company reported net sales of $1,250,000, average Accounts Receivable, net of $73,500, and net income of $53,150. The acc

ounts receivable turnover ratio is:
Business
1 answer:
ipn [44]3 years ago
4 0

Answer:

17 times

Explanation:

Data provided in the given question :-

Net Sales = $1,250,000

Average account Receivable = $73,500

Net Income = $53,150

So, the accounts receivable turnover ratio is given below :-

Accounts receivable turnover ratio = Net sales ÷ Average accounts receivable

= $1,250,000 ÷ $73,500

= 17 times

Hence the net income is ignored for calculating the account receivable turnover ratio.

You might be interested in
Wisconsin Company collected $42,000 cash on its accounts receivable. The effects of this transaction are: Multiple Choice Both t
Bas_tet [7]

Answer:

Option Total assets, total liabilities, and equity are unchanged.

Explanation:

The reason is that the double entry to record this transaction is as under:

Dr Cash Account       $42,000

Cr Accounts Receivable $42,000

Hence there increase in one asset and decrease in other asset will have zero net impact on assets. As equity and liabilities are not effected by the transaction, hence they will also remain unchanged.

5 0
3 years ago
In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $26,000 and ending
notsponge [240]

Answer:

Total cost accounted will be $192000

So option (C) will be correct answer

Explanation:

We have given beginning work in process inventory = $26000

Ending work in process inventory = $31000

And cost of units transferred from the department is $161000

We have to find the total cost accounted

Total cost account will be equal to sum of ending process inventory and cost of units transferred out from the department

So total cost accounted = $31000 + $161000 = $192000

So option (C) will be correct answer  

7 0
3 years ago
6. A zero coupon bond with 2.5 years to maturity has a yield to maturity of 25% per annum. A 3-year maturity annual-pay coupon b
kari74 [83]
Ahaha s we. S s s s s s s s s. S ss
3 0
3 years ago
When the budget is in deficit, the government generally:
IceJOKER [234]
When the government is in deficit, it A) increases the public debt.

Hope this helps! :)
4 0
3 years ago
Read 2 more answers
Colgate-Palmolive Company has just paid an annual dividend of . Analysts are predicting dividends to grow by per year over the n
denis23 [38]

The amount of $97.85 is the price that​ dividend-discount model predict that Colgate stock should sell for​ today

<u>Given Information</u>

Current dividend (D0) = $1.59

   

Dividend payments for next five years includes:

D1 = 1.59 +0.18

D1 = 1.77

   

D2 = 1.77 +0.18

D2 = 1.95

D3 = 1.95 +0.18

D3 = 2.13

D4 = 2.13 +0.18

D4 =2.31

D5 = 2.31 +0.18

D5 =2.49

Year  Cash Flow         PVF at 8.1%        Present value

1            1.77                0.92506938        1.637372803    

2           1.95                0.855753358      1.668719048

3           2.13                0.791631229        1.686174517    

4           2.31                0.73231381           1.691644901    

5           2.49               0.677441082        <u>1.686828295</u>

Present value of Dividends                   <u>8.3707</u>

PV of remaining dividends in 5 year = D5 x (1+g)/(Ke-g))      

PV of remaining dividends in 5 year = 2.49(1+0.061)/(0.081-0.061)    

PV of remaining dividends in 5 year = $132.0945

Given that g=6.1%, ke=8.1%      

PV of remaining dividends in year = 0 = PV of the remaining dividends in year 5* 1/(1+0.081)^5

= 132.0945 * 1/(1+0.081)^5    

= $89.48624      

As per dividend-discount model, Colgate stock should sell for​ today = PV of Dividends till 5th year + PV of Remaining Dividend at t=0

= $89.48624 + $8.3707    

= $97.8531

= $97.85

Hence, the amount of $97.85 is the price that​ dividend-discount model predict that Colgate stock should sell for​ today.

Read more about dividend

<em>brainly.com/question/3161471</em>

8 0
2 years ago
Other questions:
  • A company is considering the purchase of a new machine for $48,000. Management expects that the machine can produce sales of $16
    7·1 answer
  • ​Finishing the construction of a home two days after the contract called for completion (no injury occurs) most likely will be c
    10·1 answer
  • In a process costing system, which of the following would be TRUE?a.There is no need to track materials to processes.b.There is
    13·1 answer
  • Kuzio Corporation produces and sells a single product. Data concerning that product appear below:
    12·1 answer
  • As the level of activity increases, how will a mixed cost in total and per unit behave? In Total Per Unit A) Increase Decrease B
    14·1 answer
  • On January 1, 2018, equity account balances are as follows: Preferred Stock $ 500,000 Common Stock 1,000,000 Paid-In Capital in
    11·1 answer
  • The discount rate is a. the rate at which the Fed lends to banks. b. the rate at which public banks lend to other public banks.
    12·1 answer
  • A government annually collects $320 billion in tax revenue and allocates $80 billion to education spending. What percentage of t
    10·1 answer
  • If the firm is facing the threat of trade barriers such as high import tariffs or quotas and the firm has proprietary technology
    14·1 answer
  • A good percentage to start with for saving is ________________ percent of your teaching income.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!