Rhodes Company reports the following information for the Year 1 fiscal year: Sales on account$650,000 Accounts receivable$70,000 Allowance for doubtful accounts$4,000 Determine the average number of days it takes Rhodes to collect its accounts receivable. (Round intermediate calculations to 2 decimal places.)
A. 20
B. 37
C. 39
D. 14
Answer: B
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Excerpts from Sydner Corporation's most recent balance sheet appear below: Year 2Year 1Current assets: Cash$140 $160 Accounts receivable, net 210 230 Inventory 240 200 Prepaid expenses 10 10 Total current assets$ 600 $ 600 Total current liabilities$ 360 $ 330 Sales on account in Year 2 amounted to $1,390 and the cost of goods sold was $900.The working capital at the end of Year 2 is:
A. $240 B. $880 C. $1,000 D. $600
A speech about a(n) ______ is usually on something that happens regularly, something that happened once, something that marked our lives, or something that left us with a lasting impression.
Fill in the blank(s) with the appropriate word(s).
Firms that manufacture in a foreign market and maintain an extensive sales organization and distribution network but have a "domestic first" mind-set are probably engaged in ________ marketing.
A. buzz B. organic C. viral D. local E. international
What is business etiquette and why is it important?