The financial statements of gervais manufacturing company report net sales of $500,000 and accounts receivable of $80,000 and $40,000 at the beginning and end of the year, respectively. what is the accounts receivable turnover for gervais?

Answers

Answer 1

Receivables turnover ratio can be calculated by dividing the net value of credit sales during a given period by the average accounts receivable during the same period. Average accounts receivable can be calculated by adding the value of accounts receivable at the beginning of the desired period to their value at the end of the period and dividing the sum by two.
500,000÷((80,000+40,000)÷2)
=8.3

Related Questions

Jane has just deposited $2,000 in her checking account. she knows that the bank will keep part of these funds on hand and loan out the rest. this is an example of

Answers

The above is an example of Fractional-reserve banking. It is the practice whereby a bank accepts deposits, makes loans or investments, and holds reserves equal to a fraction of its deposit liabilities. Reserves are held as currency in the bank, or as balances in the bank's accounts at the central bank.

Julio has run marathons all of his life, and recently has cut back on some of his other activities to increase the time he has for training in order to maintain his running skills. this is an example of

Answers

It is an example of selective optimization because it is a way of improving or practicing a particular thing in order to maintain healthy or to improve the person's health and his or her well being. It could be seen above as he tries to do everything he can, in a healthy way, in order to keep himself from doing and maintaining his skills.

You go to an all-you-can-eat buffet. if you maximize utility, the marginal utility of the last bite that you eat will be:

Answers

In economics, there is what we call "Law of Diminishing Marginal Utility". This law can be applied when you maximize the satisfaction with every product you buy. In this case, with every bite you get you get the most of it. As a result, your appetite gets less and less with every more bite that you take. Therefore, the last bite would have the least value of marginal utility.

Jeremy is 7 years old and has been asked to balance a scale with weights that can be hooked to the arms of the scale. jeremy will probably _____.

Answers

Since Jeremy is a child, he will not take note of the proper thing to do but only do it in a simple way of how he is asked. It is likely that he will only place the weights in the balance without even considering the distance from the center of the scale. It is not likely that he would think of that because he is still a child.

A breach of _______ occurs when an agent has a conflict of interest or is disloyal to the principal.

Answers

A breach of FIDUCIARY DUTY occurs when an agent has a conflict of interest or is disloyal to the principal. A fiduciary duty is the highest standard of care and requires the holder to care and to be loyal, it is a relationship of trust between two or more parties. An individual who breaches a fiduciary duty has to account for ill gotten riches.

Harmony is defined as the simultaneous combination of –, which results in intervals and –

Answers

Harmony is defined as the simultaneous combination of notes, which results in ensuing relationships of intervals and chords. Harmony usually produces a pleasing sound to the ears, because of the combination of simultaneously sounded musical notes. With the good relationship of intervals and chords, a musician can simply produce a harmonic sound.

Sheila went to college to study accounting, and got her first entry-level job right after graduating. however, as she gained more experience at the law firm where she worked, she became more knowledgeable about tax law and decided to make a commitment to go to law school and become a tax lawyer. according to ginzberg, sheila is in the

Answers

Sheila is in the state of realistic period where a person would likely be motivated and pursuing of the things that he or she wanted to do because of her or his personal goals or the idea that he or she has in mind. It could be seen above as she wants to pursue law because of the knowledge that she gains in the area.

A debit memorandum increases which account on the buyers books? Answer choices in picture

Answers

I would say accounts payable since it is a debit or it means money that has to be paid out most likely for a product or a service such as the cost of drilling at a mine say which would be taken off the budget and thus reduce the balance of the budgeted amount.

Letter B. Purchases Returns and Allowances.

Dr. frank is a 65-year-old college professor who is contemplating retirement. his health is deteriorating, but he wants to remain mentally stimulated and use the skills he has developed. if dr. frank adopts baltes's selective optimization with compensation model, he should:

Answers

Since Dr. Frank still wants to remain mentally stimulated and use the skills he has acquired and developed, with the selective optimization that he adopted, he should chose an aspect of his job that would still fit him especially base on his health where he could adjust and keep him going in the same time, and chose whether which he likes best on jobs that could be offered in relation the line of his work.

Answers

The integration theory that asserts that technological and economic development lead to more and more supranational structures as states seek practical means to fulfill certain activities is: Functionalism
Functionalism is a mental state where somone focus on what they should do rather than what they're made of. This allow someone to see the whole society around him/her as one big complex system

The range of ________âs work makes him difficult to categorize. in addition to paintings, prints, and combination pieces, he has done extensive set and costume design for merce cunningham and others, as well as graphic design for magazines and books.

Answers

The range of this artist's work makes him difficult to categorize. In addition to paintings, prints, and combination pieces, he has done extensive set and costume design for Merce Cunningham and others, as well as graphic design for magazines and book

Answer: Robert Rauschenberg

The range of the artist’s work makes him difficult to categorize. In addition to paintings, prints, and combination pieces, he has done extensive set and costume design for Merce Cunningham and others, as well as graphic design for magazines and books.

What is graphic design?

Graphic design is an art where the graphic designer generates art visually in order to communicate or convey a message. A graphic designer designs the content in such a manner that it becomes interactive in order to enhance the experience of the user. Also, the craft is modified according to the varied needs of the clients.

Thus, the range of the artist’s work makes him difficult to categorize. In addition to paintings, prints, and combination pieces, he has done extensive set and costume design for Merce Cunningham and others, as well as graphic design for magazines and books.

To learn more about graphic design, visit the link below:

https://brainly.com/question/7162811

#SPJ2

Suppose the equilibrium aggregate price level and the equilibrium level of real gdp are both rising. this is probably the effect of a(n) _____ in aggregate _____.

Answers

this is probably the effect of an increase in aggregate demand.
Aggregate demand is the sum of all the final goods and services that sold within a particular market.When the aggregate demand increased, it will also increase the price and real GDP because you need to include final goods and services to calculate them.

An automobile company shuts down a factory, forcing hundreds of workers into unemployment. the positive externality is that the

Answers

An automobile company shuts down a factory, forcing hundreds of workers into unemployment. The positive externality is that the workers will enter school to train for a new career.
Education and training is considered as a positive externality. When people are educated and trained, they will get more opportunities for employment.

Final answer:

When an automobile company shuts down a factory, potential positive externalities may arise, such as the availability of land for other uses and the reduction of pollution, contributing to the welfare of the community.

Explanation:

An automobile company shutting down a factory is an example of a business decision affecting not only the company but also the surrounding community. In this case, the positive externalities are the potential impacts beyond the company. Although the direct result is the loss of jobs, there may be unexpected positive outcomes. One positive externality could be that the land where the factory was located becomes available for other uses. For example, it could be used for the development of a public park, other businesses, or housing. The reduction in pollution caused by the factory's operations could also be a positive externality, contributing to a cleaner environment and healthier surrounding communities.

Learn more about Positive Externalities here:

https://brainly.com/question/34516942

#SPJ12

Keynesian economists believe that real gdp might be less than full employment because

Answers

Keynesian economists believe that the real GDP might be less than full employment because the consumer demand in the economy is lesser than required.

The Keynesians support the concept of massive spending by the government, as well as massive debt and monetary inflation. They also believe that the concept of saving was a blow on demand because expenditure tends to be less during times of recession. According to them, this only aggravated the recession.

Is waitressing considered customer service?

Answers

Yes it is because you are doing what the customer wants you too

David believes that all promotional activities should be completely eliminated. what commonly held misconception does david likely have about promotion?

Answers

If David thinks that promotional activities should be eliminated, then he has acquired a misconception about it. It is likely that he thinks that promotional activities are unnecessary to happen or it is not likely needed for its minimal benefit and he would also think that the prices that are given will cost in a high manner because when doing promotional activities, the prices are at stake.

The technique used by groups to generate as many ideas as possible within a limited amount of time is called

Answers

The answer to this question is brainstorming.

Brainstorming is a technique where in a group is gathered together to find a solution to a specific problem by giving ideas collaborated by its members. Brainstorming is also a way of giving ideas and encourages everyone to participate in creating a solution for the problem.

Which project leadership role includes the task of handling administrative responsibilities for the team and negotiating with users who might have conflicting requirements or want changes that would require additional time or expense? department manager system analyst project manager project coordinator?

Answers

The answer is project coordinator

Why are junk bonds more popular during a bear market

Answers

Bear markets are also known as financial crisis. During this periods, there is an equal probability for each company bond to turn into a junk bonk since they are less expensive. For this reason, junk bonds are more popular during a bear market.

Rob wants to buy six dining room chairs. anderson's has the chairs priced at five for $259. what is the first step rob would take to calculate the price of the chairs?

Answers

he would divide 259 by 5

What is the term for an improvement in performance caused by the perception that others are watching?

Answers

The answer is social facilitation. It is because the social facilitation affects an individual in a way that they would produce a different effect or actions that they are going to show and display when they are exposed to an audience. It is related above as it says that the improvement of a person's performance because of people watching is trying to depict the meaning of social facilitation in which a person acts differently when shown in the crowd or displayed in the audience. Their actions could either display a good or bad performance depending on their attitude of having other people watch or look at them.

One major role that the government plays in the market economy of the u.s. is: requiring minimum levels of employment in major industries setting production targets for major industries allocating resources in various market activities setting laws governing economic activity

Answers

One major role that the government plays in the market economy of the u.s. is: setting laws governing economic activity
The only purpose for a government in a market economy is to make sure that all the people in that country are competing FAIRLY. They could do this by creating some taxation, export/import, and quality regulations

Tight money policy leads to an increase in

Answers

A course of Action undertaken by the federal Reserve to constrict spending in Any economy that is seem to be growing too Quickly or to curb inflation when it is rising to fast

Final answer:

A tight money policy, or contractionary monetary policy, increases interest rates by reducing the availability of money and credit in the economy. This causes loanable funds to become scarce, thus increasing their cost, the interest rates. The result is a decrease in aggregate demand.

Explanation:

A tight money policy, also known as a contractionary monetary policy, leads to an increase in interest rates. The reason behind this is simple: such a policy aims to reduce the quantity of money and credit in the economy. By doing so, it makes the available funds for loaning scarcer.

Just like with any other goods, when something becomes scarce, its price goes up. So, with less loanable funds available, the cost of borrowing such funds, which is the interest rate, increases. This pivot to higher interest rates can lead to a decrease in aggregate demand as businesses find it costlier to borrow money for investment and consumers find it more expensive to finance big-ticket purchases.

Learn more about Tight Money Policy here:

https://brainly.com/question/38841843

#SPJ12

Beginning inventory is $12,000: purchases are $34,000: sales revenue are $60,000: and cost of goods sold is $31,000. how much is ending inventory?

Answers

Beginning inventory plus purchases less cost of goods sold equals ending inventory or
12,000+34,000−31,000=15,000

How has the distribution of income in the united states changed over the last 20 years?
a. it has become more equal.
b. it has become less equal.
c. it became more equal for about 10 years but has become less equal.
d. it has not changed appreciably?

Answers

The correct answer to this question is:

b. it has become less equal.

Since 1970, the income inequality in the United States has increased significantly. This means that the income share of households receiving higher income has increased extensively, while those receiving lower income has decreased in effect. This can be attributed to a lot factors which includes the decline in labor unions, global workers competition, immigration of less-educated workers, and differences in policy, politics and race.

Answer:

b. it has become less equal.

Explanation:

request the entrepreneur to share his or her key success factors and elaborate on this success factors

Answers

I interviewed a local advertising firm owner about the keys to her success. This are her list:
- Make sure to understand your business. Never invested any resource in a business that you're not familiar with
- Do not be afraid to pay your workers handsomely, because they will make sure to repay you in the future.
- Always finish your responsibilities before you're even considering doing anything else

Officers of the corporation are
A. appointed by the stockholders.
B. stockholders of the corporation.
C. appointed by the board of directors.
D. None of the above

Answers

I believe the correct answer would be C. Officers of the corporation are appointed by the board of directors. These officers would always include the CEO or the Chief Executive Officer (President), the COO or the Chief Operating Officer, the CFO or the Chief Financial Officer (Treasurer) and the Secretary. Although it may vary from one company to another, those abovementioned are always present.

The answer is C.appointed by the board of directors.

___________ efficiency is gaining the most output with a given amount of input, but not relating output to consumer utility.

Answers

The answer to this question is Productive efficiency.

Productive efficiency is where businesses and firms use their management processes in order to be efficient and to be productive than before. In production efficiency, it is a state where the company utilizes their own resources and least amount of waste in the resources.

Trying new things on the job is one way of keeping young

Answers

That statement is true
Trying new things on the job will force the creative part of your brain to work which will make you feel young.
On top of that, trying new things will help you find a more efficient way to do your job which will increase your overall productivity in the office.

Final answer:

Trying new things on the job promotes personal growth and adaptability, fostering innovation and aiding in finding a role that aligns with one's talents. It requires a willingness to learn, adapt, and take on challenges, making it fundamental to career development and satisfaction.

Explanation:

True, trying new things on the job is indeed a way of keeping young. In a professional setting, embracing the challenge of new experiences and experimentation is a valuable mindset for personal growth and career development.

When starting something new, whether it's a job, a project, or even new responsibilities, it requires courage as there is no guarantee of success. However, this leap into the unknown can lead to significant personal and professional rewards. You learn about yourself, develop new relationships, and build valuable experience.

Companies like 3M encourage their employees to spend time on personal projects, understanding the value in fostering a culture of innovation. The labor market, especially for young workers, is dynamic, and sampling different jobs can eventually lead to finding a role that is a good fit for one's talents and preferences. In such an environment, flexibility and adaptability are key traits for an employee. A capacity to adapt to new workplace cultures and challenges is highly regarded.

For those just entering the workforce, it is important to start a new job with curiosity and a proactive approach to feedback. Being curious and seeking feedback can accelerate learning and integration into the company culture. Ultimately, maintaining a flexible attitude not only supports your ability to face new challenges but also opens up opportunities for continuous learning and job satisfaction.

In terms of explaining the probability of assignment to trial arms in consent forms, which is true?

Answers

Final answer:

In trial consent forms, the process of informed consent requires providing potential participants full knowledge about their probability of assignment to different trial arms, usually determined by random assignment. The benefits and risks must be clearly outlined. Autonomy and informed consent protect participants from exploitation.

Explanation:

In terms of explaining the probability of assignment to trial arms in consent forms, the principle of informed consent is vital. This means that potential participants in a clinical trial must be provided with all the relevant information about a trial to make their own decision about whether to participate.

Central to this is the probability of assignment to different trial arms, which is typically determined through random assignment. This ensures that each participant has an equal likelihood of being placed in any given treatment group, thereby enhancing the validity of the study.

Moreover, all risks and benefits associated with potential assignment to different trial arms must be clearly outlined. This information is crucial for potential participants, to make an informed decision on whether to participate. Here, the principle of Autonomy, which posits that patients have a right to exercise agency or self-determination in making their health decisions, is protected. Informed consent and participant autonomy, thus, guard against exploitation.

Regardless, it should be noted that random assignment isn't necessarily always ethical, especially in cases where one treatment is known to have beneficial effects. In such situations, instead of random assignment, researchers may compare individuals who choose to undergo the treatment to those who choose not to, while controlling for other differences in these groups (lurking variables).

Learn more about Informed Consent here:

https://brainly.com/question/31666582

#SPJ11

Other Questions

Write log(x^2-9)-log(x+3) as a single logarithm. In his study of bureaucracies, sociologist __________ relied on an ideal type analysis, which he adapted from the field of economics The ratio between the number of children (c) on a field trip and number of teachers (t) on the trips is (14)/(3). There are 70 children on the field trip. How many teachers are on the grip? Based on this sentence, why does Hamilton think a stronger government is necessary? The subject speaks its own importance; comprehending in its consequences nothing less than the existence of the UNION, the safety and welfare of the parts of which it is composed, the fate of an empire in many respects the most interesting in the world.a. The rest of the world will be more successful.b. The citizens will be in danger.c. The leaders will not be understood.d. The country will fall apart without it. F(x,y)=e8xx2+8yy2. find and classify all critical points of the function. if there are more blanks than critical points, leave the remaining entries blank. Kieran is attempting to condition a parrot to greet him when he enters the room. he repeatedly pairs his entry to the room with a treat for the parrot. kieran can say that ________ has occurred as soon as the parrot greets him in response to his entry. A ship traveled at an average rate of 22 miles per hour going east. It then traveled at an average rate of 17 miles per hour heading north. If the ship traveled a total of 212 miles in 11 hours, how many miles were traveled heading east? 7+2[3(x+1) -2 (3x-1)] Which of the following metals is most reactive?A. aluminumB. sodiumC. copperD. calcium Assuming that george stephanopoulos has not quoted sarah palin out of context, palins comment likening obamas nuclear policy to a child on a playground begging to be punched can be best described as an example of which fallacy? Read this sentence: Most birders take great pride in their reputation and their abilities to see or hear and then identify a bird. What does the word birders mean?Bird catchersBird collectorsBird educatorsBird spotters Select the assumption necessary to start an indirect proof of the statement. If 3a+7 < 28, then a When a compound containing c, h, and o is completely combusted in air, what reactant besides the hydrocarbon is involved in the reaction? express your answer as a chemical formula. identify the phase in your answer? Why was the tea act of 1773 passed ? A) to benefit the east India company. B) to provide financial aid to the colonists. C) to urge colonists to join the sons of liberty D) to prevent colonists from buying tea The system of escape routes and hiding places for runaway slaves was called the "Underground Railroad." True False 600 is 10 times as much as Can someone give me a good start for an essay with the topic of "Breast Cancer"? Thank you. A(n) ________ chemical reaction releases energy, whereas a(n) ________ reaction requires an input of energy. There are 6 performers who will present their comedy acts this weekend at a comedy club. one of the performers insists on being the last? stand-up comic of the evening. if this? performer's request is? granted, how many different ways are there to schedule the? appearances halp meh plzzzzzzzSo youre the little woman who wrote the book that started this great war.The quote was spoken by President Abraham Lincoln to Steam Workshop Downloader