108.When a credit card sale is recorded, what is the effect on the accounting equation? 109.How is the accounts receivable turnover computed? What information does this ratio provide? 110.How...

108.When a credit card sale is recorded, what is the effect on the accounting equation?

109.How is the accounts receivable turnover computed? What information does this ratio provide?

110.How is the number of days to collect accounts receivable computed? What information does this ratio provide?

111.Discuss briefly the costs of making sales on account.

112.What financial statement ratios facilitate the measurement of a company's effectiveness in collecting cash from customers?

113.Why would cash sales companies, such as Wendy's, Domino's, and Krispy Kreme have accounts receivables on their financial statements?

114.Explain the computation of the length of the operating cycle.