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Logan Sales provides the following information: Net credit sales: $750,000 Beginning net accounts receivable: $42,000.00 Ending net accounts receivable: $20,000 Calculate the accounts receivable turnover
Logan Sales provides the following information: Net credit sales: $750,000 Beginning net accounts receivable: $42,000.00 Ending net accounts receivable: $20,000 Calculate the accounts receivable turnover ratio. (Round your answer to the nearest whole number.) OA. 24 times OB. 38 times OC. 18 times OD. 35 times On October 1, 2025, Fashion Jewelers accepted a 5 - month, 13% note for $8,000 in settlement of an overdue account receivable. The accounting period ends on December 31. Calculate the accrued interest on the note at December 31, 2025. (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) OA. $1,040 B. $260 C. $433 D. $520
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