subject
Business, 12.04.2021 05:30 jinxjungkook3

Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its retail stores. Quasar reported the following data for two recent years: Year 2 Year 1
Sales $2,207,520 $2,205,330
Accounts receivable 200,750 193,450
Assume that accounts receivable were $222,650 at the beginning of Year 1.

a. Compute the accounts receivable turnover for Year 2 and Year 1. Round your answer to one decimal place.

Year 2: fill in the blank 1
Year 1: fill in the blank 2
b. Compute the days' sales in receivables for Year 2 and Year 1. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.

Year 2: fill in the blank 3
days
Year 1: fill in the blank 4
days
c. The change in accounts receivable turnover from year 1 to year 2 indicates a(n)

in the efficiency of collecting accounts receivable and is a(n)

change. The change in the days' sales in receivables indicates a(n)

change.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 06:00
Josie just bought her first fish tank a 36 -gallon glass aquarium, which she’s been saving up for almost a year to buy. for josie, the fish tank is most likely what type of purchase
Answers: 1
question
Business, 22.06.2019 08:00
Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). Å· = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct
Answers: 1
question
Business, 22.06.2019 11:30
Leticia has worked for 20 years in the public relations department of a large firm and has been the vice-president for the past ten years. it is unlikely she will ever be promoted to the top executive position in her firm even though she has directed several successful projects and is quite capable. her lack of promotion is an illustration of (a) the "glass ceiling" (b) the "glass elevator" (c) the "mommy track" (d) sexual harassment
Answers: 3
question
Business, 22.06.2019 13:30
Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.
Answers: 2
You know the right answer?
Quasar, Inc. sells clothing, accessories, and personal care products for men and women through its r...
Questions
question
Mathematics, 25.03.2021 20:10
question
Mathematics, 25.03.2021 20:10
question
Mathematics, 25.03.2021 20:10
question
Mathematics, 25.03.2021 20:10
question
Mathematics, 25.03.2021 20:10
Questions on the website: 13722363