Leary corporation had net credit sales during the year of $1,200,000 and cost of goods sold of $720,000. the balance in accounts receivable at the beginning of the year was $120,000 and at the end of the year was $180,000. what was the accounts receivable turnover?

Accounts Receivable Turnover  = 8.0 Times

Explanation:

given data

net credit sales = $1,200,000

cost of goods sold = $720,000

accounts receivable beginning = $120,000

accounts receivable ending = $180,000

to find out

What was the accounts receivable turnover

solution

we get here accounts Receivable Turnover that is express as

Accounts Receivable Turnover = Net Credit Sales ÷ Average Accounts Receivable      .................1

here Average Accounts Receivable is = Opening Accounts Receivable + Closing Accounts Receivable     .................2

Average Accounts Receivable =

Average Accounts Receivable = $1,50,000

so put value in equation 1

Accounts Receivable Turnover  =

Accounts Receivable Turnover  = 8.0 Times

answer; the coefficient of determination;

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.