Accounts receivable turnover fundamentals, Accounting Basics

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Accounts receivable turnover fundamentals

The Parsons Paper Company had cash sales in 2009 of $220,000. Accounts receivable at the beginning of the year were $410,000 and $490,000 at the end of the year. If the company had accounts receivable turnover of 3.5 its total sales for the year were:

A. $1,655,000

B. $2,250,000

C. $1,795,000

D. $2,470,000

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Accounting Basics: Accounts receivable turnover fundamentals

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Accounting Basics: Accounts receivable turnover fundamentals

Reference No:- TGS054047

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Recent Questions Asked Accounting Basics

Q : Gain or loss on the sales of building

Q : Analyze the financing activities of a company

Q : Applied fixed overhead

Q : Amount of rent expense incurred

Q : Accounts receivable turnover fundamentals

Q : Division net operating profit

Q : Applying the unified tax rate schedules

Q : Should goodwill amortization be recognized

Q : Determining the equivalent units of production

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Accounting Basics: Accounts receivable turnover fundamentals

Reference No:- TGS054047

Recent Questions Asked Accounting Basics

Q : Gain or loss on the sales of building

Q : Analyze the financing activities of a company

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Q : Division net operating profit

Q : Applying the unified tax rate schedules

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