Suppose the 2017 financial statements of 3M Company report net sales of $24.4 billion. Accounts receivable (net) are $3.20 billion at the beginning of the year and $3.48 billion at the end of the year. a. Compute 3M Company’s receivable turnover.
b. Compute 3M Company’s average collection period for accounts receivable in days.

Diversity is an obstacle all marketers face: true false

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false