FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hello, can you please help me with this question? Thanks In 2021 Marigold Co. had credit sales of $2100000 and sales returns related to these

Hello, can you please help me with this question? Thanks

image text in transcribed

In 2021 Marigold Co. had credit sales of $2100000 and sales returns related to these sales of $150000. Its comparative balance sheet at December 31, 2021 showed the following: Accounts receivable Less: Allowance for doubtful accounts Carrying amount 2021 $840000 72000 $768000 2020 $660000 66000 $594000 Marigold's receivable turnover for 2021 is 2.60. O 2.80. O 2.86. O 3.08

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Internal Audit Of Constructions Projects Importants Readings For Quantity Surveyors Volume 5

Internal Audit Of Constructions Projects Importants Readings For Quantity Surveyors Volume 5

Authors: GAURAV BHADANI

1st Edition

B098JL3TZK, 979-8530908842

More Books

Students also viewed these Accounting questions

Question

★★★★★
Who can develop reorganization plans in a Chapter 11 bankruptcy?

Answered: 1 week ago

Question

★★★★★
AA Company finished Job 100 having costs charged to Work in Process 30,000, the overtime was due to the request of AA. The company pays its employee 500/hr and 150% of the regular rate for overtime....

Answered: 1 week ago

Question

★★★★★
112. If X is distributed as N(m, s2), find the pdf of Y eX. The distribution of Y is lognormal, as discussed in Section 4.5.

Answered: 1 week ago

Question

★★★★★
Were Mr. Goebel and other African-American applicants victims of racial discrimination because of the hiring policies of Frank Clothiers? Explain your position and cite all relevant Supreme Court...

Answered: 1 week ago

Question

★★★★★
Adria Lopez receives the March bank statement for Success Systems on April 11, 2014 The March 31 bank statement shows an ending cash balance d $66, 966 A comparison of the bank statement with the...

Answered: 1 week ago

Question

★★★★★
HE 3 5 5 Problem Set # 3 Due: February 3 , 2 0 2 2 @ 1 2 : 3 5 pm | Topic: Controllers & Equipment Sizing Pipes and Circuits It is required to design and simulate ( rate ) a new piping run to provide...

Answered: 1 week ago

Question

★★★★★
Discuss the contributions of Emile Durkheim to sociology, particularly his concepts of social facts and collective conscience.

Answered: 1 week ago

Question

★★★★★
What is the effect of word war second?

Answered: 1 week ago

Question

★★★★★
Required information P2-5 (Algo) Recording Transactions, Preparing Journal Entries, Posting to T-Accounts, Preparing the Balance Sheet, and Evaluating the Current Ratio LO2-2, 2-4, 2-5 [The following...

Answered: 1 week ago

Question

★★★★★
Find the accumulation function F. Then evaluate F at each value of the independent variable and graphically show the area given by each value of the independent variable. (If needed use solid lines...

Answered: 1 week ago

Question

★★★★★
To influence the way in which managers make decisions within organisations, which of the following approaches should be adopted?" Performance measurement system. Reward structure. Performance...

Answered: 1 week ago

Question

★★★★★
examine a variety of flexible working arrangements and assess their usefulness and impact for employers and employees

Answered: 1 week ago

Question

★★★★★
understand the basis of the contract of employment and know what should be in a contract of employment

Answered: 1 week ago

Question

★★★★★
describe the main employment rights as stated in the law

Answered: 1 week ago

Previous Question Next Question