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yulyashka [42]
3 years ago
10

Skysong, Inc. had net credit sales during the year of $1090600 and cost of goods sold of $604000. The balance in accounts receiv

able at the beginning of the year was $114000 and at the end of the year was $152000. What was the accounts receivable turnover?
A. 10.20
B. 5.00
C. 8.20
D. 6.90
Business
1 answer:
blagie [28]3 years ago
7 0

Answer:

8.2 times

Explanation:

The first step is to calculate the average receivable

= $114,000+$152,000/2

= $266,000/2

= $133,000

Therefore the accounts receivables turn over can be calculated as follows

= net sales / average receivable

= $1,090,000/$133,000

= 8.2 times

Hence the account receivable turnover is 8.2 times

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Gnoma [55]

Answer: See explanation

Explanation:

a. What is Laurel’s initial tax basis in her LLC interest?

This will be the addition of the $250,000 basis for the equipment, accounts payable of $15,000 and also the $15,000 (15% × $100,000). This will be:

= $250,000 + $15,000 + $15,000

= $280,000

b. True.

Laurel’s holding period in the partnership interest begins the day the LLC interest is acquired. This is due to the fact that the asset contributed isn't a section 1232 asset. The reason for this is due to the fact that the asset was used for a year or less.

c. Sand Creek’s initial basis in the contributed property is $250,000.

d. Ten months.

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5 0
3 years ago
Write the name of tourism sector related occupation and clarify its importance with reference to Nepal.​
kenny6666 [7]

Answer:

one among the main importance is the foreign exchange of currency since it has a very higher exchange value compared to other tourism spots. exports to other countries from Nepal are very cheap and several good are produced on a large scale. ... cheap way of lifestyle attracts a lot of tourists all over the world.

Explanation:

the top should explain as much as I think.

5 0
3 years ago
Here is the deal: You can pay your college tuition at the beginning of the academic year or the same amount at the end of the ac
kirza4 [7]

Answer:

Deal, and the best option is to pay the same amount at the end of the academic year.

The reason for this is that if you have that amount in an interest bearing account, the money will earn interest, meaning that after paying the tuition at the end of the year, you will have the interest earned for yourself.

In other words, the present value of your money is the full value of your tuition, while the future value of your money is the value of the tuition plus the interest earned.

Besides, because the time value of money decreases as time passes, the amount you pay in tuition will represent less of your total income at then end of the academic year, than at the beginning.

8 0
4 years ago
1
ValentinkaMS [17]

Answer:

B.enables production to be ahead of demand.

Explanation:

<em>One of the benefits of a wholesale warehouse in the chain of distribution is that it </em><em>enables production to be ahead of demand</em><em>.</em>

A warehouse generally represents a large house where goods/products are kept prior to their distribution for sale.

The use of a warehouse offers several advantages to producers. These include:

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  • continuity in the production process in order to stay ahead of market demand
  • easy handling of products
  • etc.

<em>Hence, the correct option is B.</em>

4 0
3 years ago
A movie studio has some costs it incurs even if it produces no movies at all in a given year. Think of these as the costs of hav
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Explanation:

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3 0
3 years ago
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