Bradford Corporation reported net credit sales of $3,200,000 and cost of goods sold of $2,600,000 for 2012. On January 1, 2012, accounts receivable was $450,000. Amounts owed by customers increased by $50,000 during 2012. Rounding to two decimal places, what is Bradford's receivable turnover ratio for 2012?
A) 5.47
B) 6.40
C) 6.74
D) 7.11
C
You might also like to view...
Consider the real estate industry. The ________ for this industry includes construction companies, financing institutions, paint manufacturers, interior decorators, furniture manufacturers, and plumbing industries
A) marketspace B) latent market C) need market D) metamarket E) geographic market
A process has four stages (A, B, C, and D). The stages have output rates of 15 units/hr, 10 units/hr, 9 units/hr, and 11 units/hr, respectively. What is the output rate of this process?
a. 15 units/hr b. 10 units/hr c. 9 units/hr d. 11 units/hr
Alfred, Mario, and Lydia have worked together on the same team for three years. The company has just hired a new personnel director at their facility. The new director recommends a total restructuring of all jobs, including teams. Alfred is experiencing anxiety, Lydia is angry, and Mario is relieved as they all realize they must soon disengage and ultimately separate from the team. Alfred, Mario, and Lydia are in the ________ stage of team development.
A. forming B. storming C. performing D. adjourning E. norming
Which of the following contains a helping verb?
A) Jacqueline will be attending Arizona State University in the fall. B) Briana tweeted her friends about her upcoming vacation to the Caribbean. C) The new employee in the IT department is Jon Schultz.