Answer:
Mentoring relationships can result in the following:
Increased knowledge transfer.
Job satisfaction.
Smart succession planning.
Development of leadership skills.
Motivation for professional development and accountability.
Achievement of goals and objectives.
Stronger internal networks.
Increased teamwork.
Explanation:
Northwest Lumber had a profit margin of 5.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8.
What was the firm's ROE?
a. 12.79%
b. 13.47%
c. 14.18%
d. 14.88%
e. 15.63%
Answer:
ROE = 0.14175 or 14.175%
Explanation:
The DuPont equation to calculate ROE or return on equity breaks the ROE into three components namely Net Income or Net Profit margin, Total assets turnover and equity multiplier. This is used to see what factor are affecting the Return on Equity generated by the business. ROE under DuPont can be calculated as follows,
ROE = NI Margin * Total Assets Turnover * Equity Multiplier
ROE = 0.0525 * 1.5 * 1.8
ROE = 0.14175 or 14.175%
Suppose the demand function for good X is given by: Q_dx = 15-0 5P_x - 0.8 P y where Q_dx is the quantity demanded of good X, P_x is the price of good X, and P_y is the price of good Y, which is related to good X. a. Using the midpoint method, if the price of good Y is $10 and the price of good X decreases from $5 to $3, what is the price elasticity of demand for good X? Is the demand elastic, unitary elastic, or inelastic? b. Good X and Good Y are related as c. Using the midpoint method, if the price of good X is $10 and the price of good increases from $8 to $10, the cross price elasticity of demand is about
Answer:
a. Price elasticity of demand for good X is -0.80; and the demand is inelastic.
b. Good X and Good Y are related as complements.
c. The cross price elasticity of demand is about -2.57%.
Explanation:
Note: There is an error in the demand function for good X. This is therefore corrected by restating the function as follows:
Q_dx = 15 - 0.5P_x - 0.8 P_y …………………………… (1)
a. Using the midpoint method, if the price of good Y is $10 and the price of good X decreases from $5 to $3, what is the price elasticity of demand for good X? Is the demand elastic, unitary elastic, or inelastic?
From the question and equation (1), we have:
Old price of good X = Old P_x = $5
New price of good X = New P_x = $3
New quantity demanded of good X = New Q_dx = 15 - (0.5 * 3) - (0.8 * 10) = 5.50
Old quantity demanded of good X = New Q_dx = 15 - (0.5 * 5) - (0.8 * 10) = 4.50
Ordinarily, the formula for calculating the price elasticity of demand is as follows:
Price elasticity of demand = Percentage change in quantity demanded of good X / Percentage change in price of good X ................ (1)
Where, based on the midpoint formula, we have:
Percentage change in quantity demanded of good X = {(New quantity demanded of good X - Old
quantity demanded of good X) / [(New quantity demanded of good X + Old quantity demanded of good X) / 2]} * 100 = {(5.50 - 4.50) / [(5.50 + 4.50) / 2]} * 100 = 20%
Percentage change in price = {(New price of good X - Old price of good X) / [(New price of good X + Old Price of good X) / 2]} * 100 = {(3 - 5) / [(3 + 5) / 2]} * 100 = -25%
Substituting the values into equation (1), we have:
Price elasticity of demand for good X = 20% / -25% = -0.80
Therefore, the price elasticity of demand (based on the midpoint formula) when price decreases from $5 to $3 is -0.80.
Since the absolute value of the price elasticity of demand for good X i.e. |-0.80| is less than one, the demand is inelastic.
b. Good X and Good Y are related as
From equation (1) above, the coefficient P_Y is -0.80 which shows that it has a negative sign.
The negative sign indicates Good X and Good Y are related as complements. This implies that as price of Good Y falls, the quantity demand of Good X increases.
c. Using the midpoint method, if the price of good X is $10 and the price of good Y increases from $8 to $10, the cross price elasticity of demand is about
From the question and equation (1), we have:
Old price of good Y = Old P_y = $8
New price of good Y = New P_y = $10
New quantity demanded of good X = New Q_dx = 15 - (0.5 * 10) - (0.8 * 10) = 2
Old quantity demanded of good X = New Q_dx = 15 - (0.5 * 10) - (0.8 * 8) = 3.60
Ordinarily, the formula for calculating the cross price elasticity of demand is as follows:
Cross price elasticity of demand of goods X and Y = Percentage change in quantity demanded of good X / Percentage change in price of good Y ................ (2)
Where, based on the midpoint formula, we have:
Percentage change in quantity demanded of good X = {(New quantity demanded of good X - Old
quantity demanded of good X) / [(New quantity demanded of good X + Old quantity demanded of good X) / 2]} * 100 = {(2 - 3.60) / [(2 + 3.60) / 2]} * 100 = -57.1428571428572
Percentage change in price of good Y = {(New price of good Y - Old price of good Y) / [(New price of good Y + Old Price of good Y) / 2]} * 100 = {(10 - 8) / [(10 + 8) / 2]} * 100 = 22.2222222222222
Substituting the values into equation (2), we have:
Cross price elasticity of demand of good X and Y = -57.1428571428572 / 22.2222222222222 = -2.57142857142857
Rounding to 2 decimal places, we have:
Cross price elasticity of demand of good X and Y = -2.57
Therefore, the cross price elasticity of demand is about -2.57%.
Note: This confirms that the relationship between Good X and Good Y is complement because the cross-price elasticity between them is negative. That is, an increase in the price of Good Y makes consumer to buy less of Good X which is a complement.
Sheridan Company receives a $14000, 3-month, 8% promissory note from Carla Vista Company in settlement of an open accounts receivable. What entry will Sheridan Company make upon receiving the note?
Answer and Explanation:
The journal entry to record while receiving the note is shown below:
Notes receivable Dr. $14,000
To Accounts receivable $14,000
(Being receiving of the note is recorded)
Here the note receivable is debited as it increased the assets and credited the account receivable as it decreased the assets
The same is to be considered
PATTYCAKE PATTYCAKE PASTAMAN, GIMME PASTA POWER AS FAST AS U CAN
Answer:
Roll it, put in the oven for me and you
Explanation:
ix company issued 16,000 shares of $10 par value common stock at a market price of $21. as a result of this accounting event, the amount of stockholders equity would
Answer:
increase by $336,000.
Explanation:
Options are "1. increase by $176,000. 2. increase by $336,000. 3. increase by $160,000. 4. be unaffected."
Common stock will increase by $160,000, the par value, and paid-in capital in excess of par value will increase by $176,000, for a total increase in stockholders' equity of $336,000.
Which financial statement would include a listing of a companies assets
Answer:
Balance Sheet
Explanation:
In accounting, Balance sheet will show a complete listing of assets, liabilities and Equity of a company within a specific time period. (For most companies, the balance sheet will be made at each end of the year)
under the Assets segment, Balance sheet will specify several accounts arranged based on their liquidity. Cash usually put at the top of the list since it's considered as the most liquid assets.
People use balance sheet to give a general measurement on Company's financial health. If for example, they noticed that the liability is significantly larger than their assets, investors might feel discourage to invest in the company.
AJAX Inc. has subsidiaries in Vietnam, Bangladesh, and China. AJAX pays an annual insurance premium to OPIC (the Overseas Private Investment Corporation). AJAX is probably protecting itself from _____.
a. natural disasters overseas.
b. financial instability.
c. unfair competition.
d. nationalization.
Answer:
The correct answer is the option B: Financial instability.
Explanation:
To begin with, the "Overseas Private Investment Corporation" or OPIC was the name given to a financial institution of the United States Government who main purpose was to help solve problems according to financial matters of companies who were going abroad to establish work and capital. Therefore that this institution was created with the objective of impulsing the United States' foreign policies. That is why that if AJAX pays an annual insurance premium to OPIC is because its trying to protect itself from financial instability that could bring the fact of going overseas to work, which in case that happens the OPIC will help them to resolve that situation
Based on the following information, calculate the cost of goods sold and ending inventory using FIFO, LIFO, and weighted average assuming a perpetual inventory system is in place.
Beginning Balance - 90 units at $11
March 3 - Purchase 300 units for $15
April 4 - Sell 240 units for $28
June 30 - Purchase 250 units for $18
August 16 - Sell 180 units for $30
Answer:
Cost of Sales :
FIFO = $ 6,030
LIFO = $6,840
Weighted Average = $6,354.60
Ending Inventory :
FIFO = $4,176
LIFO = $3,150
Weighted Average = $3,636.60
Explanation:
FIFO
This method assumes that the first inventory purchased will be the first to be sold
Cost of Goods Sold :
90 units × $11 = $990
150 units × $15 = $2,250
150 units × $15 = $2,250
30 units × $18 = $540
Total = $ 6,030
Ending Inventory :
232 units × $18 = $4,176
LIFO
This method assumes that the last inventory purchased, will be the last to be sold
Cost of Sales :
240 units × $15 = $3,600
180 units × $18 = $3,240
Total = $6,840
Ending Inventory :
90 units × $11 = $ 990
60 units × $15 = $ 900
70 units × $18 = $ 1,260
Total = $3,150
Weighted Average
A new average cost per unit is calculated with every purchase made.
New Average Cost = (90 units × $11 + 300 units × $15) ÷ 390 units
= $14.08
Cost of Sale , April 4 = 240 units × $14.08
= $3,379.20
New Average Cost = (150 units × $14.08 + 250 units × $18.00) ÷ 400 units
= $16.53
Cost of Sale, Aug 16 = 180 units × $16.53
= $2,975.40
Total Cost of Sales = $3,379.20 + $2,975.40
= $6,354.60
Ending Inventory = 220 units × $16.53
= $3,636.60
Duerr Company makes a $69,000, 30-day, 10% cash loan to Ryan Company. The note and interest to be collected at maturity is: (Use 360 days a year.)
Answer:
the journal entry to record the loan:
E.g. January 1, 202x, loan made to Ryan Company
Dr Notes receivable 69,000
Cr Cash 69,000
the journal entry to record the collection of the note:
E.g. January 31, 202x, note collected from Ryan Company
Dr Cash 69,575
Cr Notes receivable 69,000
Cr interest revenue 575
interest revenue = $69,000 x 10% x 30/360 = $575
How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $8,700 and monthly sales increase by $19,800
Suppose that 2 years after the issue date (as in Part a) interest rates fell to 8%. Suppose further that the interest rate remained at 8% for the next 8 years. What would happen to the price of the bonds over time
Answer:
the first part of the question is missing, so I looked fro a similar one:
Suppose Hillard Manufacturing sold an issue of bonds with a 10-year maturity, a $1,000 par value, a 10% coupon rate, and semiannual interest payments.
the market price of the bond after 2 years:
PV of face value = $1,000 / (1 + 4%)¹⁶ = $533.91
PV of coupon payment = $50 x 11.652 (PV annuity factor, 4%, 16 periods) = $582.60
market price = $1,116.51
the market price of the bond after 5 years:
PV of face value = $1,000 / (1 + 4%)⁶ = $790.31
PV of coupon payment = $50 x 5.2421 (PV annuity factor, 4%, 6 periods) = $262.11
market price = $1,052.42
the market price of the bond after 7 years:
PV of face value = $1,000 / (1 + 4%)² = $924.56
PV of coupon payment = $50 x 1.8861 (PV annuity factor, 4%, 2 periods) = $94.31
market price = $1,018.87
3. Colloids are used in food preparations like in baking
pastries and cakes.yes or no
On the variable costing income statement, the figure representing the difference between manufacturing margin and contribution margin is the: a.variable cost of goods sold b.fixed manufacturing costs c.variable selling and administrative expenses d.fixed selling and administrative expenses
Answer:
c. variable selling and administrative expenses
Explanation:
On the variable costing income statement, the figure representing the difference between manufacturing margin and contribution margin is the variable selling and administrative expenses. Variable cost is comprised of cost of goods sold and selling and administrative expense when we deduct cost of goods sold from sales we get manufacturing margin and when we deduct further selling and administrative expense we get contribution margin.
You are purchasing a 30-year, zero coupon bond. The yield to maturity is 9.1 percent and the face value is $1,000. What is the current market price (assume annual coupons)?
Answer:
Zero-cupon bond= $73.33
Explanation:
Giving the following information:
Number of years (n)= 30
Face value= $1,000
YTM= 9.1%
To calculate the bond price, we need to use the following formula:
Zero-cupon bond= [face value/(1+i)^n]
Zero-cupon bond= [1,000 / (1.091^30)
Zero-cupon bond= $73.33
Suppose a retail store was offering 10% off all prices on all goods. The incentive to take advantage of the 10% savings is:_____.
Answer:Directly related to the list price of the good
Explanation:
The Costaguanan stock market provided a rate of return of 97%. The inflation rate in Costaguana during the year was 81%. In Ruritania the stock market return was 17%, but the inflation rate was only 4%. Calculate the real rate of return for Costaguanan stock market.
Answer:
The answer is "[tex]\bold{8.8\% \ and \ 2.16 \%}[/tex]".
Explanation:
Fischer relationship centered:
[tex]\to (1 + Nominal\ rate) = (1 + Real\ rate) \times (1 + Inflation)\\\\\to \text{For Costaguanan Stock},\\\\\to (1 + 97 \%) = (1 + Real \ rate) \times (1 + 81 \%)\\\\[/tex]
[tex]\to (1 + 0.97 ) = (1 + Real \ rate) \times (1 + 0.81 )\\\\\to (1.97) = (1 + Real \ rate) \times (1.81)\\\\ \to (1 + Real \ rate) = \frac{1.97}{1.81} \\\\\to (1 + Real \ rate) = 1.088 \\\\\to Real \ Rate = 1.088 -1 \\\\[/tex]
[tex]= 0.088 \\\\= 8.8\%[/tex]
[tex]\text{For Ruritania Stock,}[/tex]
[tex]\to (1 + 17 \%) = (1 + Real \ rate) \times (1 + 4 \%)\\\\\to (1 + 0.17 ) = (1 + Real \ rate) \times (1 + 0.04 )\\\\\to (1.17) = (1 + Real \ rate) \times (1.04)\\\\\to (1 + Real \ rate) = \frac{1.17}{1.04}\\\\\to (1 + Real \ rate) = 1.216\\\\\to Real \ rate = 1.216 -1[/tex]
[tex]= 0.216 \\\\=2.16 \%[/tex]
The economy is part of that influences all organizations
How should wildlife species like grouse or deer be valued, and how should that value be balanced against the economic interests of a company like Questar? What, if anything, should Questar be doing differently?
Answer:
The description is summarized in the clarification section below, according to the particular circumstance.
Explanation:
Mostly with rising economic company's best interest including Questar, maintaining wildlife species including grouse as well as deer protected has become much more important. It is not only just the economic gain but also the ecological advantage that would not affect wildlife animals. Preserving the natural environment seems to be the most fundamental way of evaluating animal habitats. The same as deer, animal species should be covered in their habitat. It may also become extinct by upsetting them. The ecosystem is, thus, an important one that should have been taken note that to value certain native wildlife. But because service providers like Questar, who are rocky mountain oil producers, have quite a several financial advantages by exploration in that field, however, this contributes to mining, etc. in something like a wide coverage of the region which destroyed the habitat.Companies should preserve the balance, such as invading the field which is far less occupied by endangered species, reexhibiting certain organisms to a safer location, or putting the region back into the very same old role.So quester should do these things completely differently, to protect the ecological balance.
Sunoco in Canada realizes the importance of physical evidence to determining the value of the service being provided.As a result,it has refurbished its restrooms and committed its station operators to maintaining hygienic restrooms.A clean-smelling restroom is an example of a positive:____________.
A) Artifact
B) Functional form
C) Ambient condition
D) Spatial format
E) Service symbol
Answer: ambient condition
Explanation:
Based on the scenario in the question, a clean-smelling restroom is an example of a positive ambient condition.
Ambient condition simply refers to a term typically used by designers when referring to the ventilation systems. It should be noted that ambient conditions gas to do with temperature, and humidity.
Ambient working conditions are essential for a company. From the question, refurbishing of the restrooms and maintaining hygienic restrooms shows that a positive ambient condition is being created.
Assuming a 360-day year, when a $49,200, 90-day, 6% interest-bearing note payable matures, the total payment will be ______ .
Round your answer to the nearest whole dollar.
a. $2,952
b. $49,938
c. $52,152
d. $49,200
Answer:
b. $49,938
Explanation:
The computation of the total payment is shown below:
Total payment is
= Principal + interest amount
where,
The Principal is $49,200
And, the interest is
= $49200 × 6% × 90 days ÷ 360 days
= $738
Now
Total payment is
= $49,200 + $738
= $49,938
hence, the correct option is b. $49,938
The same is to be considered
benefits are offered by employers to attract good employees
Answer:
its true :))
Explanation:
Answer:
true
Explanation:
edg 2021
Which component of owners’ equity does the situation below indicate? Owners’ equity includes , ______ which is the amount of profits that your business has been able to save over the past few years.
Answer:
Retained earning
Explanation:
A company's profits are distributed to shareholders as dividends, retained in the business for reinvestment, or both. Therefore, retained earning are profits that were not distributed to shareholders. They are funds that belong to owners but withheld for use in the business.
Retained earnings form part of a company's capital. It is money that shareholders have contributed to the business by not sharing in profits.
Gaber Land Corp. is evaluating a 4-acre (front 2-acre and back 2-acre) waterfront property for development. Gaber is considering a design that includes a 32-unit building on each lot. Determine the total initial cost using the per unit model
Complete Question:
Gaber Land Corp. is evaluating a 4-acre waterfront property for development into rental condominiums. The front 2-acre lot is more expensive to purchase than the rear 2-acre lot, and condo leases closer to the waterfront can be more expensive than those units in the rear. Gaber is considering a design that includes a 32-unit building on each lot.
Data includes the following:
Initial Costs
Lot purchase prices: $400,000/acre front lot, $100,000/acre back lot Legal fees, applications, permits, etc.: $80,000
Site clearing and preparation: $3000/acre
Paving roadways, parking, curbs, and sidewalks: 25% of total lot at $40,000/acre.
Construction costs: $3,000,000 per building
Recurring Costs
Taxes and insurance: $5000/month per building
Landscaping: 25% of lot at S1000/acre/month
Security: $1000 building for $1500/month
Other costs: $2000/month
Revenue (assume 90% annual occupancy)
Front lot units: $2500/unit/month
Rear lot units: $1750/unit/month
Other revenue: $5000/month
Answer the following: (1) Use the concept of the per-unit model to estimate the total initial cost. annual cost, and annual revenue of this prospective project, and (2) If you made the simplifying assumption of no changes to costs and revenues for 10 years, estimate the profitability of this prospective investment ignoring the effects of money's value over time.
Answer:
Gaber Land Corp.
1a. Total Initial cost: $193,252,000
1b. Annual cost: $5,064,000
1c. Annual revenue: $5,935,200
2. Profitability of Project for 10 years:
Total Revenue $5,935,200 x 10 years = $59,352,000
Total costs $5,064,000 x 10 years = (50,640,000)
Profitability $8,712,000
The profitability totalling $8,712,000 for ten years will be reduced by the allocated cost of building for the same period in order to determine the net income.
Explanation:
a) Data and Calculations:
Initial costs:
Lot purchase prices:
Front lot, $400,000/acre x 2 = $800,000
Back lot $100,000/acre x 2 = 200,000
Legal fees, applications, permits, etc. 80,000
Site clearing & preparation: $3000/acre 12,000 ($3,000 * 4)
Paving roadways, parking, curbs, and sidewalks:
25% of total lot at $40,000/acre. 160,000
Construction costs:
$3,000,000 per building 192,000,000
Total initial costs $193,252,000
Annual costs:
Taxes and insurance: $5000/month per building $3,840,000
Landscaping: 25% of lot at S1000/acre/month 48,000
Security: $1000 building for $1500/month 1,152,000
Other costs: $2000/month 24,000
Total annual costs $5,064,000
Revenue (assume 90% annual occupancy)
Front lot units:
$2500/unit/month (32 * 4 * 2,500 * 90% * 12) = $3,456,000
Rear lot units:
$1750/unit/month (32 * 4* 1,750 * 90% * 12) = 2,419,200
Other revenue: $5000/month ($5,000 * 12) = 60,000
Total annual revenue = $5,935,200
a. Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 6%. Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.) b. What is the duration if the yield to maturity is 10%
Answer:
A) the formula to calculate modified duration of bonds:
modified duration = [1 - (1 + y)⁻ⁿ] / y
modified duration = [1 - (1 + 6%)⁻³] / 6% = 2.673 years
if you want to determine the Macaulay duration = modified duration x (1 + yield) = 2.673 years x 1.06 = 2.833 years
B) modified duration = [1 - (1 + 10%)⁻³] / 10% = 2.487 years
if you want to determine the Macaulay duration = modified duration x (1 + yield) = 2.487 years x 1.1 = 2.736 years
a. The duration should be 2.833 years.
b. The duration should be 2.736 years.
The calculation is as follows:Modified duration = [1 - (1 + y)⁻ⁿ] ÷ y
= [1 - (1 + 6%)⁻³] ÷ 6%
= 2.673 years
Macaulay duration = modified duration × (1 + yield)
= 2.673 years × 1.06
= 2.833 years
B) modified duration = [1 - (1 + 10%)⁻³] ÷ 10%
= 2.487 years
Macaulay duration = modified duration × (1 + yield)
= 2.487 years × 1.1
= 2.736 years
Learn more: brainly.com/question/16911495
A user access agreement typically is __________ than the list of employee expected behaviors within an organization.
Answer:
Narrower
Explanation:
To make sure that all employees that work in an organization know all their responsibilities, that is ethical and legal. They are required to review and to also accept the terms that has been stated in the user access agreement form.
So for this question, the user access agreement is narrower than the list of employees expected behavior in an organization.
Alex withdrew $500,000 from an account that paid 5 percent annual interest and used the funds to purchase real estate. After one year he sold the property for $550,000. Alex's economic profit on this deal was:__________
a) 25,000
b) Not enough information provided.
c) 50,000
d) 500,000
e) 120,000
Answer:
a) 25,000
Explanation:
The computation of the economic profit is shown below;
Economic profit is
= Revenue - Explicit cost - Implicit cost
= $550,000 - $500,000 - $500,000 × 5%
= $550,000 - $500,000 - $25000
= $25,000
Hence, the economic profit on this deal was $25,000
Therefore the correct option is a.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
On Sep 18, Mesa returned $800 of the inventory. On Sep 20, Mesa paid Butte for the inventory. What journal entry did Mesa make on Sep 20
Answer:
Decrease the trade payables by a debit entry with the amount paid after the return is made. Also decrease the assets of cash by creating a credit entry to depict outflow of economic benefits.
Explanation:
Hi, your question is incomplete, i tried looking for the question online but i could not find it.
Here i will explain the journal entries that are usually made when there is a Purchase, Return and Payment of Inventory assuming the view of the customer or trade receivable.
1. Purchase
Here we have to increase the value of inventory by creating a debit entry and also increase the value of trade payable by creating a credit entry.
2. Return
The value of trade payables has to be decreased to the extent of the amount that would have been paid if the inventory was not returned. Also the inventory value has to decrease with the same amount as for the trade payable.
3. Payment
Decrease the trade payables by a debit entry with the amount paid the after return is made. Also decrease the assets of cash by creating a credit entry to depict outflow of economic benefits.
According to growth accounting studies, a country would achieve better results by promoting
Answer:
I dont really know i nee the points tho sorry hope you find help
Explanation:
Answer: research and education
Explanation:
Describe the key elements of IKEA’s globally successful business model. What are the sources of IKEA’s competi-tive advantage?
Answer:
following are the solution to this question:
Explanation:
The key factors for IKEA's growth are as follows:
It made simple to use goods as well as the technique of "do it yourself" allows employees to increase costs lower, prices fair, a good understanding of the population it wants to target, goods clean with a clear aesthetics.
These were also regarded for fair payer money for staff and vendors, as well as the mechanism is open. Its shops also provide accommodation for the whole family.
The year-end financial statements of Rally Company for the current year, report total revenues of $19,829 million, accounts receivable of $1,272 million at the current year-end, and $1,19 million for the prior year-end. The company's accounts receivable turnover for the year is:_______.
a. 18.3 times.
b. 18.9 times.
c. 19.5 times.
d. 20.0 times.
e. none of these are correct.
Answer:
16.1 times
Explanation:
Calculation for the company's accounts receivable turnover for the year
Using this formula
Accounts Recievable Turnover = Total Revenues/Average accounts receivables
Let plug in the formula
Accounts Receivable Turnover = $19,829/[($1,272+$1,198)/2]
Accounts Receivable Turnover =$19,829/$1,235
Accounts Receivable Turnover = 16.1 times
Therefore The company's accounts receivable turnover for the year is: 16.1 times
