Refer to the tables above. The firm's receivable turnover is ________. Assume a 360-day calendar year.
A) 4.4x
B) 10x
C) 12.5x
D) 28.8x
C) 12.5x
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On January 2, 20X2, Piranha Company acquired 70 percent of Salmon Corporation's common stock for $420,000 cash. At the acquisition date, the book values and fair values of Salmon' assets and liabilities were equal, and the fair value of the noncontrolling interest was equal to 30 percent of the total book value of Salmon. The stockholders' equity accounts of the two companies at the acquisition date are as follows: Piranha Salmon Common Stock ($10 par value)$600,000 $350,000 Additional Paid-In Capital 450,000 50,000 Retained Earnings 250,000 200,000 Total Stockholders' Equity$1,300,000 $600,000 Noncontrolling interest was assigned income of $15,000 in Piranha's consolidated income statement for 20X2.Based on the preceding information, what amount will be assigned to
noncontrolling interest on January 2, 20X2, in the consolidated balance sheet? A. $126,000 B. $180,000 C. $420,000 D. $120,000
The 15-year-old car didn't dazzle students or members of the opposite sex, but it started every morning and evening and got the professor to his destination on time, thereby scoring high on the:
A) psychological impressions scale of quality. B) fitness for use scale of quality. C) support scale of quality. D) bells and whistles scale of quality.
At the breakeven point,
A. the money a company brings in from selling products equals the amount spent producing the products. B. the total fixed costs are exactly equal to the total variable costs. C. profits are exactly equal to the difference between revenue and total variable costs. D. the marginal revenue of a product is exactly equal to the marginal cost of producing one more unit. E. the marginal cost curve and the average cost curve will be identical for a particular product.
All of the following were identified as cairns or markers for creating personal purpose EXCEPT:
A. find a sacred place B. open the door when opportunity knocks C. trust your reason D. find your passion