Describes days in accounts receivable

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1. Calculate the breakeven price from the following information. quantity of services = $3,000 fixed costs = $45,000 average cost per unit = $150.00 required profit = $30,000:

A) $175.00 B) $300.00 C) $160.00 D) $310.00

2. Which of the following best describes “days in accounts receivable?”

A) a profitability ratio that measures how quickly an organization generates revenue B) a liquidity ratio that estimates how quickly an organization converts receivables to cash C) a liquidity ratio that measures how long it takes an organization to pay its bills D) a profitability ratio that evaluates credit and collection policies.

Reference no: EM131343150

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Describes days in accounts receivable : Calculate the breakeven price from the following information. quantity of services = $3,000 fixed costs = $45,000 average cost per unit = $150.00 required profit = $30,000: Which of the following best describes “days in accounts receivable?”
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