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kipiarov [429]
3 years ago
15

Parker Hardware Store had net credit sales of $8,000,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receiva

ble balances at the beginning and end of the year were $600,000 and $700,000, respectively. The receivables turnover was:______.
a. 7.7 times.
b. 4.6 times.
c. 11.4 times.
d. 12.3 times.
Business
1 answer:
Vera_Pavlovna [14]3 years ago
6 0

Answer: d. 12.3 times

Explanation:

Receivables turnover = Net credit sales / Average accounts receivables

Average account receivables = (600,000 + 700,000) / 2

= $650,000

Receivables turnover = 8,000,000 / 650,000

= 12.3 times

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stepladder [879]

Answer:

Mary has increased her data literacy skills that now allow her to​ access, interpret,​ summarize, and communicate data more effectively.

Explanation:

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Experts in data analysis are therefor needed to adequately access, interpret, summarize and communicate data more effectively. These are skills that need to be learned for better overall quality of the data presentation. In general, the principals are referred to as data literacy skills. Data literacy can be defined as the ability of an individual to extract useful information from raw data.

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3 years ago
This company purchased a truck at a cost of $12,000. The truck has an estimated residual value of $2,000 and an estimated life o
Hoochie [10]

Answer:

Annual depreaciation 2020= $2,400

Explanation:

Giving the following information:

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Annual depreaciation= 2*[(12,000 - 2,000) / 5]

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2020:

Annual depreaciation= 2*[(10,000 - 4,000) / 5]

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2 years ago
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Liono4ka [1.6K]

Answer:

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3 years ago
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7 0
1 year ago
Question 27 (1 point)<br> The relationship between the amount of inputs and outputs is known as
lys-0071 [83]

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2 years ago
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