During the current accounting period, revenue from credit sales is $771,000. The accounts receivable balance is $52,480 at the beginning of the period and $62,200 at the end of the period. Which of the following statements is correct? a) The receivables turnover ratio is 12.9.
b) On average, it takes 12.9 days to collect payment from credit customers.
c) The receivables turnover ratio is 28.3.
d) On average, the company sells its inventory every 28.3 days.

Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?

Uknow what i love about i ask a dumb question it is immediately answered but when i ask a real question it take like an hour to get answered