gracelincook8038 gracelincook8038
  • 01-01-2021
  • Business
contestada

If net sales for the current year were $612,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)

Respuesta :

Tundexi
Tundexi Tundexi
  • 03-01-2021

Answer:

42 days.

Explanation

Note: The full question is attached as picture below

Account receivable turnover ratio = $612,000 / $70,422

Account receivable turnover ratio = 8.69

Account collection period = 365 / 8.69

Account collection period = 42.00230.

Thus, the firm’s sales uncollected for year is 42 days.

Ver imagen Tundexi
Answer Link

Otras preguntas

Expand the given power using the Binomial Theorem. (10k – m)5
Please help me do this problem. 20 points to the first one that helps me with these 2. I am very desperate.
Calculate the mass of potassium sulphate required to prepare its 10% solution in 100g water.
Which sentence correctly omits hyphens in a modifying phrase? A-The equipment that the IT department ordered was state of the art. B-Adrianne and Gina rented a
Which term refers to compounds with the same molecular formula but different structural formulas?
A sample of nitrogen is initially at a pressure of 1.7 kPa, a temperature of -10 C and a volume of 7.5 m3. Then the volume is decreased to 3.8 m3. the temperatu
solve the following equation by completing the square. 3x^2-3x-5=13
Question 8...................
Please solve the question and chose from the provided answer options.
the pH of carbonated drink is 3.0 what is the hydrogen ion concentration of the drink?