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natta225 [31]
3 years ago
6

Aguilera corp. has a current accounts receivable balance of $336,500. credit sales for the year just ended were $4,515,830. what

is the company's receivables turnover?
Business
1 answer:
Alika [10]3 years ago
6 0

The receivables turnover ratio is an activity ratio computing how proficiently a firm uses its assets.

Receivables turnover ratio can be calculated by: net value of credit sales during a given period divided by the average accounts receivables.

Receivables turnover = sales / receivable

= 4,515,830 / 336,500

= 13.42

 

Days’ sales in receivables = 365 days/ receivable turnover

= 365 / 13.42

= 27.20

The average collection period is 27.20 days.

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Lisa [10]
The captains of industry like J.P. Morgan<span> respond to signs that the stock market was about to </span><span>collapse by meeting each other and trying to save the market. J.P. Morgan invited the leading bankers and financial experts to his home where they set up a shop in his library. They labored to channel money from strong institutions to weaker institutions to keep them afloat. Their efforts improved the condition of the economy over several weeks.</span>
7 0
3 years ago
Kellyanne hired Joshua from Southwest University. He was an amazing employee and exceeded all her expectations. The next year, s
Anastasy [175]

Answer:

Representativeness heuristic bias

Explanation:

Representativeness heuristic bias occurs when there are similar events whose probability of occurrence is assumed to be the same. People mistakenly assume there is a close relationship between the two events than there really is.

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This is a form of representativeness heuristic bias

7 0
3 years ago
On December​ 31, Mercury Corporation has the following data​ available:
galben [10]

Answer:

37.25%

Explanation:

Average total common stockholders' equity:

= (Beginning common​ stockholders' equity + Ending common​ stockholders' equity) ÷ 2

= ($530,000 + $490,000) ÷ 2

= $510,000

Return on Equity = Net income ÷ Average total common stockholders' equity

                            = $190,000 ÷ $510,000

                            = 0.3725

                            = 37.25%

3 0
3 years ago
You sell hockey goals for $200 each. weekly sales are 60 units. you estimate that for every $10 you increase the price, sales dr
wariber [46]
If for every $10 increase sales drop by 3 units when you increase to $300 you will lose 30 units. 

($10)(10) = 100
(10)(3) = 30

60 units - 30 units = 30 units. 
($300)(30) = $9,000 is your weekly revenue at a price of $300 per unit.
4 0
3 years ago
Some investment projects require that a company increase its working capital. Under the net present value method, the investment
zzz [600]

Answer:

Both an initial cash outflow and future cash inflow

Explanation:

Net value cash flow is the different cash flows that happens at different times. It takes into account the initial cash outflow or capital investment and the amount that it would be getting in the future that is the future cash inflow.

The net present value gives us a difference between cash inflows and cash outflows in their present values over a period of time.

3 0
3 years ago
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