Marie's clothing store had an accounts receivable balance of $ 470 comma 000 at the beginning of the year and a yearminusend balance of $ 560 comma 000. net credit sales for the year totaled $ 3 comma 600 comma 000. the average collection period of the receivables was: (round any intermediary calculations to two decimal places and your final answer to the nearest day.)

Average collection period = 52.21 days

Step-by-step explanation:

given data

accounts receivable balance = $470,000

accounts balance = $560,000

Net credit sales = $3,600,000

solution

we know that  Debtor turnover ratio = Net credit sales ÷ Average receivable     ...........1

so here

Average receivable  =  

Average receivable  = 515000

so from equation 1

Debtor turnover ratio =

Debtor turnover ratio =  6.990 times

so

Average collection period of the receivables = 365 days ÷ Debtor turnover ratio

Average collection period =

Average collection period = 52.21 days

d. 24+-0.114

step-by-step explanation:

the question requires us to calculate the approximate 95% confidence interval for the mean number of ounces of ketchup per bottle in the sample given the following statistics;

sample mean = 24

standard deviation, σ = 0.4

sample size , n = 49

the confidence interval for a population mean is calculated using the formula;

sample mean ± z-score*(σ/sqrt(n))

the z-score associated with a 95% confidence interval, from the standard normal tables, is;

1.96

substituting these values into the formula;

24 ± 1.96*(0.4/7)

= 24 ± 0.112

from the alternatives given, choice d is closest to the above expression;

false

step-by-step explanation:

the reason i say this is because for a certain length of sides you can pick any two and the length is wither equal or greater than the third side and in this case it's not.

3 + 5 = 8

8 is smaller than 9 which is the third side.

hope this : )