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SHORT ANSWER 15 points A. BB Inc had net credit sales during 2021 of $1,380,000. The company's average accounts receivable balance during the year was

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SHORT ANSWER 15 points A. BB Inc had net credit sales during 2021 of $1,380,000. The company's average accounts receivable balance during the year was $23,000. Determine the Accounts Receivable Turnover for BB Inc for 2021. Then, comment on the change (better or worse) from the Accounts Receivable Turnover in 2020, which had been 40 X. Write one or two short bullet points, and cite the turnover numbers specifically in your answer. 8. BB Inc purchased land in March 2022 for $55,000. In addition, real estate fees of $4,000 were paid, as well as $6,000 of legal fees and $1,000 of accrued property taxes. BB Inc installed a fence and a driveway, for a total cost of $15,000 during the last week of March. Itemize and calculate the total cost of the asset, Land". C. BB Inc signed a Long-Term (10-year) 4% Loan with the bank, $20,000 on July 1, 2021. The terms of the loan state that BB Inc will pay $2,000 every year on December 31, beginning December 31, 2021. Determine the "current portion of long term loan" amount, and the "Long-Term Loan" amount on the December 31, 2022 balance sheet

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