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

Drugs and alcohol are positive tools for coping with loss. Please select the best answer from the choices provided. T F
Peter is an artist, and he charges for his paintings on an hourly basis. He also receives tips from many of his clients. The scatter plot below shows the number
This one is the one I need help on plz
Select the correct answer. Which word that names a profession logically completes this sentence? Mi rama de estudio es artes gráficas y diseño. Soy _______. A.
Xuan y Vina ____________ alumnas de español. a somos b son c es d eres
Pls help if you only know the correct answer! Thanks!!
News Report Students Win Competition Who: What: Where: When: Why: How:
three less than a number is -18
Courtney has 12 fewer stickers than Tina. How many stickers does Courtney have in terms of x? Write algebraic expressions for the following scenarios.
I dont understand this question can u guys help