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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.

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11) A company knows that they will sell 80,000 cases of #2 Pencils at a steady rate over the course of the next year. It costs t
romanna [79]

Answer:

139 units

Explanation:

In order to compute the number of orders place each year so that it can minimize the total inventory cost we need to use the economic order quantity formula i.e shown below:

The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

where,

Annual demand = 80,000 cases

Ordering cost = $12

And, the carrying cost = $100

Now placing these values to the above formula

So, the economic order quantity is

= \sqrt{\frac{2\times \text{80,000}\times \text{\$12}}{\text{\$100}}}

= 139 units

4 0
3 years ago
What are the accounting differences between cash and receivables from the perspective of a buyer? A seller? How are these differ
bogdanovich [222]

Answer:

From a buyer's perspective, a sale made on credit represents a liability. While a sale made on cash represents a decrease of current assets.

From a seller's perspective, a sale made on credit or cash increases current assets, but the possibility of a bad debt always exist, therefore, accounts receivables must be periodically adjusted due to bad debts.

If the seller or buyer uses accrual accounting system, the previous description holds, but if they use cash basis accounting, things change a lot. When use cash basis, transactions are recorded only when cash is exchanged, so accounts receivables do not actually increase assets (seller's perspective), and accounts payables do not increase liabilities (buyer's perspective).

6 0
2 years ago
The nominal exchange rate is the price of one currency in terms of another currency. A nominal exchange rate specifies how many
satela [25.4K]

Answer:

Approximate price of marble statue in USD is:

= Price of statue * Foreign Currency Cost of one unit

= 1,700 * 0.9213

= US$‭1,566.21‬

<em>If the nominal exchange rate for the U.S. dollar–euro rises from $1.3457 to $1.547555 per euro, the euro </em><em><u>appreciated</u></em><em> in value, or </em><em><u>appreciated</u></em><em>, relative to the U.S. dollar.</em>

If this direct rate increases from $1.3457 to $1.547555 per euro, it means that one Euro can now buy more dollars than before which means that it gained/ appreciated in value relative to the USD.

For instance: Before the change, €10 = 10 * 1.3457 = $10.3457

After the change, €10 = 10 * 1.547555 = 10.547555

Euro therefore became stronger relative to the USD.

6 0
3 years ago
When a project has a positive total slack, some activities can be ________ without jeopardizing completion of the project by its
Art [367]

Answer:

Delayed, accelerated

Explanation:

Total or aggregate slack, is the term which is defined for the activity, is the time that this activity could delayed without impacting on the final date of the project.

It can be computed as the:

Smaller value of Late finish - Early finish field

and

Late start - Early start field

So, when project has positive total slack, few activities delayed the completion of project and when the project has negative total slack, then few activities accelerated to finish the project.

4 0
3 years ago
How does purchase a car affect the economy?
IRISSAK [1]
It effects the economy because that's another car that is having to take up oil and is another step to wasting natural resoources. Also the cars fumes pollute the air and everywhere around us.
6 0
3 years ago
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