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.

calculate these (d)   Current ratio      :1 (e)   Accounts receivable turnover      times (f)   Average collection period      days

Which of the following mathematical equations is used to compute the payables deferral period (DPO)? 000 о Payables deferral period (DPO) = Accounts payable/Daily credit purchases Payables deferral period (DPO) = Cost of goods sold/Accounts payables Payables deferral period (DPO) = Daily credit purchases/Accounts payable Payables deferral period (DPO) = Payables turnover 360 Payables deferral period (DPO) = Payables turnover/360

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.

Payable turnover is a measure of cost of goods sold and accounts payable. Select one: O True O False

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!