Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

Twist Corp. has a current accounts receivable balance of $447,615. Credit sales for the year just ended were $2,945,600. a. What is the receivables turnover?

image text in transcribed

Twist Corp. has a current accounts receivable balance of $447,615. Credit sales for the year just ended were $2,945,600. a. What is the receivables turnover? b. What is the days' sales In receivables

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

A Financial Crisis Manual Reflections And The Road Ahead

Authors: Dimitrios D. Thomakos , Platon Monokroussos, Konstantinos I. Nikolopoulos

1st Edition

1137448296, 113744830X, 9781137448293, 9781137448309

More Books

Students also viewed these Finance questions

Question

★★★★★

Describe the law of diminishing marginal utility. On what assumptions is this law based?

Answered: 1 week ago

Question

★★★★★

Derive the following expression for the overall mass transfer coefficient across a gas-liquid interface: 1 1) 1/kx + 1/k,H KX

Answered: 1 week ago

Question

★★★★★

=+12. McDonalds spends millions of dollars each year on legal protection of its brand name, thereby preventing any unauthorized use of it. Explain what information this conveys to you as a consumer...

Answered: 1 week ago

Question

★★★★★

The Windshield People repair chips in car windshields in the companys home county. Rocky Chip, the owner, incurred the following operating costs for the month of February 2012: Salaries and wages . ....

Answered: 1 week ago

Question

★★★★★

Country Comfort, Inc. had Total Assets of $195,000 and Total Equity of $149,903 at the end of the year. During the year, the company sold no new equity. Net income for the year was $71,715 and...

Answered: 1 week ago

Question

★★★★★

Question 41 In a manager-managed firm, the members of an LLC must Group of answer choices refrain from participating in the firms operations. vote on every decision that the manager makes. elect to...

Answered: 1 week ago

Question

★★★★★

Combine SWOT analysis, the Gemba walk, chaos, complexity, and creativity with big picture organizational strategy. How do chaos and complexity differ from one another? What role can a Gemba walk play...

Answered: 1 week ago

Question

★★★★★

The basic foundation of rewarding employees through positive reinforcement is Blank______. Multiple choice question. the emphasis on employee job performance alone the overlooking of the desired...

Answered: 1 week ago

Question

★★★★★

As an owner of an apartment in a housing complex, you are obligated to pay annual maintenance fees. The first payment at EOY 1 is $1500 and the payment each following year will be 8% more than the...

Answered: 1 week ago

Question

★★★★★

In every chapter you will find a business message that requires you to apply concepts you are learning. For chapter 8, edit the following message by applying concepts from this chapter and the...

Answered: 1 week ago

Question

★★★★★

Before 9/11, what was the common strategy taught to pilot to deal with hijackers? Group of answer choices Protect the cockpit at all costs Land the plane at all costs Accommodate, negotiate and do...

Answered: 1 week ago

Previous Question Next Question