Elected data of islander company follow: as of december 31, balance sheet data 2017 2016 accounts receivable $ 500,000 $ 470,000 allowance for doubtful accounts (25,000 ) (20,000 ) net accounts receivable 475,000 450,000 inventories—lower of cost or market 600,000 550,000 year ended december 31, income statement data 2017 2016 net credit sales $ 2,500,000 $ 2,200,000 net cash sales 500,000 400,000 net sales 3,000,000 2,600,000 cost of goods sold 2,000,000 1,800,000 selling, general, and administrative expenses 300,000 270,000 other 50,000 30,000 total operating expenses 2,350,000 2,100,000 required: what is the accounts receivable turnover for 2017? what is the inventory turnover for 2017?
Answers: 1
Business, 22.06.2019 04:30
Peyton taylor drew a map with scale 1 cm to 10 miles. on his map, the distance between silver city and golden canyon is 3.75 cm. what is the actual distance between silver city and golden canyon?
Answers: 3
Business, 22.06.2019 18:00
Match the different financial task to their corresponding financial life cycle phases
Answers: 3
Business, 22.06.2019 21:20
Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor
Answers: 2
Business, 23.06.2019 00:20
E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability
Answers: 3
Elected data of islander company follow: as of december 31, balance sheet data 2017 2016 accounts r...
Physics, 28.09.2020 05:01
Mathematics, 28.09.2020 05:01
Chemistry, 28.09.2020 05:01
Mathematics, 28.09.2020 05:01
Mathematics, 28.09.2020 05:01
Biology, 28.09.2020 05:01
Mathematics, 28.09.2020 05:01
History, 28.09.2020 05:01
Mathematics, 28.09.2020 05:01
Mathematics, 28.09.2020 05:01
Mathematics, 28.09.2020 05:01
Chemistry, 28.09.2020 05:01
Mathematics, 28.09.2020 05:01