Chapter 3, Problem 12P

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Jennifer's business reported annual net credit sales of $850,000 and had beginning accounts receivable of $45,000 and ending accounts receivable of $55,000. What is the accounts receivable turnover ratio for Jennifer's business? a. 17.0 b. 15.5 c. 18.9 d. 21.3

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Calculate the predetermined overhead rate base on direct labor hour?