Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

A company had an accounts receivable turnover ratio of 170 and net sales of $858.500 for a given period. What was the average amount of

A company had an accounts receivable turnover ratio of 170 and net sales of $858.500 for a given period. What was the average amount of accounts receivables tor this p ertod? O $21839:2 $14.594.500 O $50.500 O Cannot Be Determined O $393 10

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Winning Compliance Auditing With Gung Fu Fighting Philosophy

Authors: Phillip Lee

1st Edition

B0CBD8KT6P, 979-8223104414

More Books

Students also viewed these Accounting questions

Question

★★★★★

EastJet Airlines is an all-equity firm with a book value of $800,000,000 and 32,000,000 share outstanding. Its stock currently trades at $28 per share, and EPS is $4.60. EastJet wishes to issue...

Answered: 1 week ago

Question

★★★★★

8. Have a positive expectation that you and others will be understood.

Answered: 1 week ago

Question

★★★★★

9. What is superstitious behavior and how does it relate to preperformance routines?

Answered: 1 week ago

Question

★★★★★

The Aubey Coffee Company is evaluating the within-plant distribution system for its new roasting, grinding, and packing plant. The two alternatives are (1) A conveyor system with a high initial cost...

Answered: 1 week ago

Question

★★★★★

solve

Answered: 1 week ago

Question

★★★★★

Considering the tables below, which of the following statements is justified? Pr > F bound bound It (95%) (95%) 0.00 47241.82 182505.59 0.03 -43205.60 -2461.30 0.30 -55640.82 17103.75 3.33 -2.20...

Answered: 1 week ago

Question

★★★★★

What are the functions of top management?

Answered: 1 week ago

Question

★★★★★

Bring out the limitations of planning.

Answered: 1 week ago

Question

★★★★★

Why should a business be socially responsible?

Answered: 1 week ago

Question

★★★★★

Discuss the general principles of management given by Henri Fayol

Answered: 1 week ago

Question

★★★★★

Explain the importance of effective supervision in a banking network

Answered: 1 week ago

Question

★★★★★

Debate the diffi culties that could emerge with the direct transfer of Western HRM methods into a Gulf country. What approaches should you adopt to avoid these diffi culties?

Answered: 1 week ago

Question

★★★★★

In the Meteor case study, Sarah has put together a comprehensive human resource plan. Think about what could go wrong or what diffi culties could be faced and work out how you could deal with these...

Answered: 1 week ago

Question

★★★★★

Read the article about the staff shortages in Essex County Council. Think of other areas where there are shortages of professional staff (accounting, legal, planning, hospitals) and suggest ideas how...

Answered: 1 week ago

Previous Question Next Question