Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information pertains to skeleton res

The following information pertains to Skeleton resorts: Credit sales. $450000 Net accounts receivable beginning. $63000 Net accounts receivable...

50.1K

Verified Solution

Question

Accounting

The following information pertains to Skeleton resorts:

Credit sales. $450000

Net accounts receivable beginning. $63000

Net accounts receivable ending. $54000

Allowance for Bad debts ending. $5000

Calculate Skeletons receivables turnover ratio, days inreceivables ratio and allowance ratio.

Answer & Explanation Solved by verified expert
4.3 Ratings (662 Votes)
1Accounts Receivable Turnover Ratio Net credit sales Average accounts receivable Net credit sales 450000 Average accounts receivable Accounts Receivable beginning Accounts Receivable ending 2 Accounts    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Silicone breast implants have been the subject of considerable controversy. Several women who received silicone breast...

Statistics
1.2K views

A dog allergy test for people has a 97.5% accuracy rate. Only 2% of the...

Calculus
1.2K views

5 4 3 2 1 At the point shown on the function above which of...

Accounting
1.2K views

Which will reduction of D-fructose with NaBH4 yleld pat...

Accounting
1.2K views

please answer asap as time is limited. thanks ...

Accounting
1.2K views

J&J Co. provides house cleaning services. The company uses the number of jobs to measure...

Accounting
1.2K views

Capital gains on capital assets is calculated as Cost base - compensation received a...

Accounting
1.2K views

Which are generally paid at an hourly rate? Select one: OA. Salaries O B. Wages...

Accounting
1.2K views

Question 2 Marks 2 Prepare year end adjustments for the following transactions 5 1 2...

Accounting
1.2K views

You are given the following selected data after one year of operation of Total Face...

Accounting
1.2K views

xyz company has an accounts payable of $120,000 from inventory purchased in the previous month...

Finance
1.2K views

PLEASE ANSWER 6-10 and QUESTION 12 . READ ALL PHOTOS POSTED AND TYPE ANSWER TO...