Accounts receivable turnover question

Assignment Help Accounting Basics

Reference no: EM13258516

Company has net sales onaccount of $1,500,000. Net accounts receivable at the beginning ofthe year are $600,000 and net accounts receivable at the end of theyear are $650,000. The accounts receivable turnover is:

1) .42

2) .53

3) 1.2

4) 2.4

Reference no: EM13258516

Questions Cloud

Will morgan accept the project : Morgan uses net present value method and has a discount rate of 12%. Will Morgan accept the project? What's the NPV?

Dividends and dividends payable : Prepare the entries, if any, on each of the three dates that involved dividends. How are dividends and dividends payable reported in the financial statements prepared at December 31?

Prepare journal entries to record events in the accounts : Prepare the journal entries to record above events in the accounts of S & X. . Assume that distribution of earnings onNovember 30 was payment of a dividend that was declared on November20.

How would you use these cost and revenue estimates : As vice president of sales for a rapidly growing company, you are grappling with the question of expanding the size of your direct sales force.

Accounts receivable turnover question : Company has net sales onaccount of $1,500,000. Net accounts receivable at the beginning of the year are $600,000 and net accounts receivable at the end of theyear are $650,000. The accounts receivable turnover is:

What is a fair price for this stock : If you want to inest in a stock that pays $3.50 annual cash dividens for the next six yrs. At the end of the six years, you will sell the stock for $22.50. If you want to earn 12.5% on this investment, what is a fair price for this stock if you bu..

Write a console-based program that prompts a user : Write a console-based program that prompts a user for an hourly pay rate. If the user enters values less than $7.50 or greater than $49.99, prompt the user again.

What average power will be dissipated : A series RLC circuit is connected across a 10.0 kHz source. The 1.2 H inductor and 1000 ? resistor are fixed whereas the capacitor is variable. What average power will be dissipated

Explain what is the desity of osmium : What is the desity of Osmium if 50.6 gram occupy 2.23 ml. What is the volume of the same mass of Aluminum if the density if 2.70grams/cm3

User Account

All Pages