How do you calculate accounts receivable turnover? Select an answer. Take the beginning A/R balance, add the ending A/R balance, divide by two, then divide the result into sales revenue Take the beginning A/R balance, add the ending A/R balance, then divide the result into sales revenue divided by two Take the ending A/R balance, subtract the beginning A/R balance, then divide the result into sales revenue. Take the starting A/RI lance, subtract the ending A/R balance, then divide the result into sales revenue divided by two.

What is the normal balance of the contra-revenue accounts: Sales Return and Sales Discount and Allowances accounts?

True or False 1. Sales returns and allowances is a contra-revenue account 2. Sales discount is a revenue account with a credit balance

I know in order to find the accounts receivables analysis you first divide sales by the average accounts receivables and the average accounts receivable is the Ending balance plus the beginning balance divided by 2. Now, in order to find the number of days receivables, you must divide average accounts receivable by average daily sales and the average daily sales is the sales divided by 365. I have computed this multiple times and each time it says I am incorrect.

Which of the following accounts has a normal debit balance. (Choose all that apply)  feea earned  accounts receivable  cost of goods sold  sales and returns allowances  sales  accounts payable

Explain how to calculate day’s sales in receivable.

How to determine the unadjusted balances of accounts receivable by using the percent of sales method and the analysis of receivables method , please , thank You!

Which of the following items in the balance sheet does NOT have a constant relationship with sales in general when we use the percent of sale method to construct pro forma financial statements?     Retained earnings     Inventory     Accounts receivables     Accounts payables

A bank that is examining the ratio of annual costs of goods sold to average inventory, is examining which category of ratios?  a.Profit measures b.Operating efficiency measures c.Liquidity measures d.Expense control measures

Briefly explain the accounting treatment for sales returns.