Answer:
the account receivable turnover is 15 times
Explanation:
We have given net sales = $525000
Beginning account receivable = $15000
And ending account receivable = $20000
So average account receivable
$
We have to find the receivable turn over
Receivable turnover is the ratio of net sales to the average average account receivables
So turnover
times
So the account receivable turnover is 15 times
Answer: $2,970,000
Explanation:
According to US tax laws, property taxes can be recognised for 60 days into the next financial period because it is assumed that within this period, the taxes can still cover expenses related to the period that it is from.
Therefore, if Property taxes are paid within the first 60 days in 20X9 then the Town of Dean should recognise those taxes paid.
Those taxes amount to $10,000 so therefore, the amount to be reported in the fund is,
= 2,960,000 + 10,000
= $2,970,000
$2,970,000 is amount of property tax revenue that should be reported by the general fund for the year ended December 31, 20X8.
The answer to this question is the Financial Responsibility
Law. The Financial Responsibility Law is a Law where in an individual should
prove that in case of a motor accident he or she can be able to pay the
damages. These are the situations where an individual need to show proof of
being financially responsible is when you have to register your car, after a
collision or accident happened, and when a police officer asked you during a traffic
stop.