QUESTION 15 The Rye Corporation has providad the folowng information: Total selee were $1,200,000. ...

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QUESTION 15 The Rye Corporation has providad the folowng information: • Total selee were $1,200,000. • Bepirning net accounts receivable was $45,000. • Endirg ret acocunts receivahle was S65.000. • Salas nerurns end alowanoas toteed S100,000. What was Rye's average colecion pericd? 16.73 davs. 19.75 days. 36.50 days. 18.25 days. QUESTION 16 Tha Willa Company has provded tha falawing ntormation: Operaling expernses were $345,000: Incorme from operationis was $415,000; Net sales were S1,100,000: nterest expense was $71,000; Loss from sale of investments was S87,000: Incorne tax experse was S58,000. What was Ville's nonoerating inoome (expensaj? O $158,000). O($71,000. $257,000. $216.000. QUESTION 17 The cash records and the benk staternent of Frankel Company showed the folowing at the end of February 2016: Outstanding checks as of the beginning of February 2014, S8,000: checks written by Frankel Compary according to its bocks during February 2016. $50,000; and checks cleared by the bank during Fabruary 2016, S54,000. What was tha amcunt at the outsntanding cnecks at the and of Fobruary P016? $4,000. $8,000. $2,000. $8,000. QUESTION 15 The Rye Corporation has providad the folowng information: • Total selee were $1,200,000. • Bepirning net accounts receivable was $45,000. • Endirg ret acocunts receivahle was S65.000. • Salas nerurns end alowanoas toteed S100,000. What was Rye's average colecion pericd? 16.73 davs. 19.75 days. 36.50 days. 18.25 days. QUESTION 16 Tha Willa Company has provded tha falawing ntormation: Operaling expernses were $345,000: Incorme from operationis was $415,000; Net sales were S1,100,000: nterest expense was $71,000; Loss from sale of investments was S87,000: Incorne tax experse was S58,000. What was Ville's nonoerating inoome (expensaj? O $158,000). O($71,000. $257,000. $216.000. QUESTION 17 The cash records and the benk staternent of Frankel Company showed the folowing at the end of February 2016: Outstanding checks as of the beginning of February 2014, S8,000: checks written by Frankel Compary according to its bocks during February 2016. $50,000; and checks cleared by the bank during Fabruary 2016, S54,000. What was tha amcunt at the outsntanding cnecks at the and of Fobruary P016? $4,000. $8,000. $2,000. $8,000.

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15 Average collection period 365Account receivable turnover ratio Net sales Total s... View the full answer