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Business, 06.06.2020 18:01 07corcum85504
The following data are taken from the financial statements of Ivanhoe Company. 2017 2016 Accounts receivable (net), end of year $ 581,300 $ 557,500 Net sales on account 4,888,000 4,117,000 Terms for all sales are 1/10, n/45 Collapse question part (a) Compute for each year the accounts receivable turnover. At the end of 2015, accounts receivable was $519,500. (Round answers to 1 decimal place, e. g. 12.5.)
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Business, 22.06.2019 10:30, darius7967
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Business, 22.06.2019 15:00, robert7248
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Business, 22.06.2019 19:00, jediDR
Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.
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The following data are taken from the financial statements of Ivanhoe Company. 2017 2016 Accounts re...
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