INTER. ACCOUNTING - CONNECT+ALEKS ACCESS
10th Edition
ISBN: 9781264770335
Author: SPICELAND
Publisher: MCG
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Metlock Salon Supply Corporation had net credit sales during the year of $1218000 and cost of goods sold of $496000. Net accounts receivable at the beginning of the year was $104400 and at the end of the year was $175600. What was the accounts receivable turnover?
A. 7.4
B. 5.5
C. 10.7
D. 8.7
Give me answer please general accounting question
Bullock Enterprises buys equipment for $63,000 with a salvage value of $6,000 and an expected useful life of 7 years. What is the annual depreciation expense using the straight-line method?
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