Essence of skunk fragrances, ltd., sells 8,300 units of its perfume collection each year at a price per unit of $490. all sales are on credit with terms of 1/10, net 60. the discount is taken by 75 percent of the customers. a. calculate the average collection period. (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. what is the receivables turnover? (use 365 days a year. do not round intermediate calculations and round your answer to 3 decimal places, e. g., 32.161.) c. what is the amount of the company’s average receivables? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

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