Business, 09.03.2021 03:00 ellarsteers
During 2012, Charles Inc. recorded credit sales of $2,000,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. At the beginning of the year, the balance in net accounts receivable was $150,000. At the end of the year, but before the bad debt expense adjustment was recorded and before any bad debts had been written off, the balance in net accounts receivable was $125,000. Assume that on December 31, 2012, the appropriate bad debt expense adjustment was recorded for the year 2012 and accounts receivable totaling $10,000 were written off for the year, what was the receivables turnover ratio for the year? Please round to one decimal place
Answers: 3
Business, 22.06.2019 17:40, makayladurham19
Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.
Answers: 1
Business, 22.06.2019 18:00, wirchakethan23
Match the different financial task to their corresponding financial life cycle phases
Answers: 3
Business, 22.06.2019 20:00, kiaramccurty
River corp's total assets at the end of last year were $415,000 and its net income was $32,750. what was its return on total assets? a. 7.89%b. 8.29%c. 8.70%d. 9.14%e. 9.59%
Answers: 3
During 2012, Charles Inc. recorded credit sales of $2,000,000. Based on prior experience, it estimat...
Mathematics, 02.04.2020 17:02
Physics, 02.04.2020 17:02
Mathematics, 02.04.2020 17:02