A company has net sales of $1,831,800.00 and average accounts receivable of $426,000.00. What is its accounts receivable turnover for the period?
A. 23.90
B. 4.30
C. 7.60
D. 0.33
E. 78.20
Answer: B
You might also like to view...
Lower-class men are more likely than middle-class men to have a general sense of empowerment
Indicate whether the statement is true or false
Assertive salespeople attempt to create new needs in customers through persuasion.
Answer the following statement true (T) or false (F)
While the Homeowners Flood Insurance Affordability Act of 2014 rolled-back some premium increases in the Biggert-Waters Act, it included a provision to help fund the large deficit in the National Flood Insurance Program
The provision to help fund the deficit is A) a surcharge on every new home that is constructed in a flood plain. B) additional income tax paid by building supply companies in states where the largest flood losses have occurred. C) additional premium taxes charged to each insurer in the Write-Your-Own program. purchaser. D) a surcharge on every flood insurance policy that is sold.
Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: Standard QuantityStandard Price or RateStandard CostDirect materials 5.8pounds$0.60per pound$3.48Direct labor 0.5hours$33.50per hour$16.75Variable manufacturing overhead 0.5hours$8.50per hour$4.25During March, the following activity was recorded by the company:•The company produced 2,400 units during the month. •A total of 19,400 pounds of material were purchased at a cost of $13,580. •There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,620 pounds of material remained in the
warehouse. •During March, 1,090 direct labor-hours were worked at a rate of $30.50 per hour. •Variable manufacturing overhead costs during March totaled $14,061. The direct materials purchases variance is computed when the materials are purchased.The labor rate variance for March is: A. $3,270 U B. $4,120 F C. $3,270 F D. $4,120 U