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

the formula for the area of a triangle is shown below. A=1/2 bh. which of the following is the solution for h in terms of A and b
Why the twelve tables is written ?
Jen has $120.00. She gives o.3 to fen. she gives 0.2 to sven. She keeps the rest. How much does each person get.
Fair rickets for 2 adults and 3 children cost $34. An adult ticket costs $2 more than a child ticket. What is the price of an adult ticket
Aqueous lithium hydroxide reacts with aqueous aluminum nitrate. If the reacting solutions contain 120.0 grams of reactant, how much precipitate is made, theoret
Although the many advocacy groups of the 1960's led different types of protests, mostA) Used nonviolent resistance effectively. B) Used violent resistance ine
Yancy got his hair cut for $16. He left a 15% tip for the barber. What is the total amount of money Yancy paid
what type of financial institution typically has membership
what us 16.1 across the y-axis
What stage pressure ulcer is a black scab that’s dry and hard?