Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 21, 2024

A firm had sales of $959,000.00 in the past year. If the average accounts recelvable for the year was $489,950.00 , what is the accounts

A firm had sales of

$959,000.00

in the past year. If the average accounts recelvable for the year was

$489,950.00

, what is the accounts receivable turnover currently for the firm?\ Submit\ Answer format: Number: Round to: 2 decimal places.\ Show Hint

A firm had sales of $959,000.00 in the past year. If the average accounts recelvable for the year was $489,950.00, wriat is the accounts receivable turnover currently for the firm? Answer format: Number: Round to: 2 decimal places

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

Ecological Money And Finance

Authors: Thomas Lagoarde-Segot

1st Edition

3031142314, 978-3031142314

More Books

Students also viewed these Finance questions

Question

★★★★★

Medical wires are used in the manufacture of cardiovascular devices. A study was conducted to determine the effect of several factors on the ratio of the load on a test specimen (YS) to the ultimate...

Answered: 1 week ago

Question

★★★★★

Read the following memorandum and identify the style, tone, grammar, and information errors. To: Rosie Canwell From: Lynn Wong Subject: Graduate Application Date: We have gotten around to reviewing...

Answered: 1 week ago

Question

★★★★★

What percent is 88 of $44?

Answered: 1 week ago

Question

★★★★★

You have been asked by the board of trustees of a local church to review its accounting procedures. As part of this review you have prepared the following comments relating to the collections made at...

Answered: 1 week ago

Question

★★★★★

A firm had sales of $959,000.00 in the past year. If the average accounts recelvable for the year was $489,950.00 , what is the accounts receivable turnover currently for the firm?\ Submit\ Answer...

Answered: 1 week ago

Question

★★★★★

What is the adjusting entry for: The company had failed to record sales commissions payable of $2,100 and $1,700 at the end of 2006 and 2007, respectively.

Answered: 1 week ago

Question

★★★★★

Write a program to check an input year is leap or not.

Answered: 1 week ago

Question

★★★★★

Write short notes on departmentation.

Answered: 1 week ago

Question

★★★★★

What are the factors affecting organisation structure?

Answered: 1 week ago

Question

★★★★★

What are the features of Management?

Answered: 1 week ago

Question

★★★★★

Briefly explain the advantages of 'Management by Objectives'

Answered: 1 week ago

Question

★★★★★

2 How might Sus doctor be able to improve his competence in these health interviews?

Answered: 1 week ago

Question

★★★★★

What constraints would you advocate for young players? (very specific)

Answered: 1 week ago

Question

★★★★★

How did you feel about taking piano lessons as a child? (general)

Answered: 1 week ago

Previous Question Next Question