Which examples are of financial goals select three answers. Martina wants a part-time job that will earn enough money for the maintenance on her car

Tyrell wants his photos to be displayed at an art gallery

Caleb wants to get good enough at playing the piano to win the talent show competition

lanelle wants to become her school class president

Dante wants to save up for a new stereo

chelsea wants to be able to afford her own apartment ​

a.

Accounts receivable turnover for Year 1: 8.2 times

Accounts receivable turnover for Year 2: 7.9 times

b.

The number of days' sales in receivables for year 1: 44.5 days

The number of days' sales in receivables for year 2: 46.2 days

Explanation:

a. The accounts receivable turnover is an efficiency ratio that measures how many times a company can collect its receivables or money owed by clients during the year.

Accounts receivable turnover is calculated by following formula:

Accounts Receivable Turnover = Net Credit Sales /Average Accounts Receivable

In there:

Average Accounts Receivable = (The beginning accounts receivable of the period balance + The ending accounts receivable of the period balance)/2

In Classic Company:

Average Accounts Receivable in year 1 = ($346,750+$390,550)/2 = $368,650

Average Accounts Receivable in year 2 = ($390,550+$375,950)/2=$383,250

Accounts receivable turnover for Year 1 = $3,022,930/$368,650=8.2 times

Accounts receivable turnover for Year 2 = $3,027,675/$383,250=7.9 times

b.

The number of days' sales in receivables = 365/Accounts receivable turnover ratio

For Year 1:

The number of days' sales in receivables = 365/8.2 = 44.5 days

For year 2:

The number of days' sales in receivables = 365/7.9 = 46.2 days