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AlekseyPX
2 years ago
9

Christopher has a collection of 20 video games and will buy 4 more each month. Peter has a collection of 92 video games and will

sell 5 each month. After how many months will they have the same number of video games? How many will that be?.
Business
1 answer:
Anton [14]2 years ago
8 0

Answer:

It would be 8 months and they each would have 52 games.

Explanation:

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Following are the average accounts receivable and net sales reported recently by two large beverage companies (dollar amounts ar
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Answer:

Part a.

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Accounts receivable turnover ratio = Net credit sales / Average accounts receivable

The following table shows the accounts receivable turnover ratio of MCB and ABI:

Particulars                                                  MCB          ABI

Net sales                                                 $5,170      $39,046

Average Accounts Receivable                 $517      $2,606

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Part b.

Day's sale outstanding shows the average number of days taken to collect the accounts receivable. The formula for calculating the same is given below.

Day's sale outstanding  = Accounts receivable / Total credit sales  × 365

The following table shows the days sale outstanding of MCB and ABI:

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Net sales                                                    $5,170            $39,046

Average Accounts Receivable                    $517            $2,606

Day's sale outstanding                                      36.5             24.36

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