Sorry, but no one can do your school work for you.
The answer, in any case, would vary according to the year, or period under review.
Answer:To calculate the average, add beginning accounts receivable and ending accounts receivable, and divide it by 2.
Net Sales / Average Accounts Receivable = Account Receivable Turnover
should accounts revceivable (net) bedeleted out Not sure what the first answer is saying, but net accounts receivable is total accounts receivable less allowance for doubtful accounts (accounts you think are not going to pay you)
the schedule of accounts receivable shows
the schedule of accounts receivable shows
Answer:To calculate the average, add beginning accounts receivable and ending accounts receivable, and divide it by 2.
Net Sales / Average Accounts Receivable = Account Receivable Turnover
the formula of calculating account receivable turnover = Net Sales/ average gross receivable
should accounts revceivable (net) bedeleted out Not sure what the first answer is saying, but net accounts receivable is total accounts receivable less allowance for doubtful accounts (accounts you think are not going to pay you)
(Average Accounts Receivable) / (Sales X 360 days)
the schedule of accounts receivable shows
the schedule of accounts receivable shows
It is basically deducting the allowance for doubtful accounts from the total accounts receivable.
For calculating accounts receivable balance we need accounts receivable turnover rate So Accounts receivable turnover rate = number of days in year/annual sales outstanding accounts receivable turnover rate = 360/40 = 9 Accounts receivable balance = 7300000/9 Accounts receivable balance = 811111
Because accounts receivable is that amount which is receivable from customer due to sales of goods on credit.
By dividing accounts receivable by net sales and multiplying by 365 days.
Accounts receivable is money that was owed to you being paid/