BUSINESS COLLEGE

The following data are taken from the financial statements of Marigold Company: 2022 2021 Average accounts receivable $539,000 $577,000 Net sales on account 5,605,600 5,308,400 Terms for all sales are 2/10, n/30. Compute for each year the accounts receivable turnover, accounts receivable was $572,000.

Answers

Answer 1
Answer:

Answer:

2021 = 9.2 times

2022 = 10.4 times

Explanation:

Accounts receivable turnover measure the average times the company received their receivable, It measure the efficiency of the company regarding collection from customers. Turnover will be higher if company has low ratio of receivables to sales value.

                                                    2022         2021

Average accounts receivable $539,000    $577,000

Net sales on account              $5,605,600 $5,308,400

Accounts receivable turnover = Net Sales  / Average Receivable

2021

Accounts receivable turnover = $5,308,400  / $577,000

Accounts receivable turnover = 9.2 times

2021

Accounts receivable turnover = $5,605,600  / $539,000

Accounts receivable turnover = 10.4 times
Answer 2
Answer:

Answer:

2022 accounts receivable turnover = 10.4 times

2021 accounts receivable turnover = 9.2 times

Explanation:

Accounts receivable turnover can be described as the number times it takes a company to collect its average accounts receivable within a specified accounting period, usually a year. It is used as a measure of efficiency of a company in collecting account receivables in a timely manner.

Accounts receivable turnover is therefore a ratio of net sales on account to the Average accounts receivable within a specified year. This can be stated as follows:

Accounts receivable turnover = Net sales on account/Average accounts receivable ………. (1)

Using equation (1), accounts receivable turnover for 2022 and 2021 can be calculated as follows:

2022 accounts receivable turnover = $5,605,600/$539,000 = 10.4 times

2021 accounts receivable turnover = $5,308,400/$577,000 = 9.2 times

The results imply that Marigold Company is more efficient in collecting account receivable in 2021 than 2022, because it takes fewer number of times in 2021, 9.2 times, than in 2022, 10.4 times.

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Answers

Answer:

around 16k

Explanation:

SUID or SGID special permissions are represented with this letter in the user or group owner's execute position.s

Answers

SUID or SGID special permissions are represented with this letter in the user or group owner's execute position is S

What is SUID and SGID?

  • SUID: It is special file permission for executable files. This enables other users to run the file with the effective permissions of the file owner. But Instead of normal x which represents executable permissions. We will see s(this indicates SUID) special permission for the user.

  • SGID: This is also special file permission for executable files that enables other users to inherit the effective GID(Group Identifier) of a group owner. Here rather than x which represents executable permissions, we will see s(which indicates SGID) special permission for group users

Learn more about SUID and SGID refer:

https://www.geeksforgeeks.org/finding-files-with-suid-and-sgid-permissions-in-linux/

#SPJ4

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Answers

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Answers

Answer:

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Explanation:

Note: See the attached excel file for the calculation of the Average accumulated expenditures for 2021.

Average accumulated expenditures is calculated by adding the weighted average amount of each expenditure which is the product of the weight of each expenditure in a year and the amount of each expenditure. That is;

Weight of each expenditure = Number of relevant months the expenditure is used 2021 / 12 months

Weighted average amount of each expenditure = Weight of each expenditure * The amount of the expenditure

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Answers

Answer:

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Explanation:

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Answers

Answer:

The most appropriate response is that your friend should contact the marketing department and let them know that he wants access to the beta release.

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