Answer:
The accounts receivables turnover is 4.85 times
Explanation:
The accounts receivable turnover is a ratio to check the efficiency of the credit and collection department of a firm. It tells on average, how many time the business collects its average accounts receivables. The formula to calculate the accounts receivables turnover is,
Accounts Receivables turnover = Net Sales / Average Accounts receivables
Where,
Average Accounts Receivables = (Opening Accounts Receivables + Closing Accounts Receivables) / 2
The amount of closing accounts receivables for the year is,
Closing accounts receivables = 23500 + 199000 - 164000
Closing accounts receivables = $58500
Average accounts receivables = (23500 + 58500) / 2 = $41000
Accounts receivables turnover = 199000 / 41000 = 4.85 times
Answer:
The land should be recorded in Clairemont Repair Service’s records at $380,000
Explanation:
According to the historical cost principle, the recording of the fixed assets should be recorded at the purchase price or cost price which is to be shown in the assets side under the balance sheet.
So, according to the question, on February 28, the repair service accepted the seller's counteroffer which means that the land was purchased on February 28 for $380,0000. So, by $380,000 amount, the land would be recorded.
Other costs which are mentioned in the question is ignored.
Answer:
The types of information could you collect to monitor potential political “trouble spots” around the world involves having a keen observation of various countries with the following:
1. Communism or Totalitarianism style of governance
2. Low General Standard of Living
3. Few Resource level and control of resources by the few such as Oligarchy
4. High unemployment rate
5. Low Literacy status
6. High Inflation rate
7. Political instability
8. Increased population expansion rate
9. Wide-ranged income unevenness
The dimension that is being referred to the statement above
is the reference dimension. It is because this is a dimension in which only
provides information to the individual and that there is reasons or definition
that contains this dimension in means of providing explanation or information.