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

solve for r in the formula S=L-rL where S is the sale price, l is the list price, and r is the discount rate. a. an item with a list of price of $128 goes on sa
How is fraud related to plagiarism
in those areas where farming may have been difficult, what other occupations do you think settlers might have done?
[tex] y= x^{2} -9[/tex][tex] y=x^{2} -9[/tex]
Post-genocide Rwanda has suffered economically because __________. A. there is little left in the country, and it continues to be politically and socially unsta
What is the estimate of 253,889
what year did america declare independence
to be useful in a science, a hypothesis must be ...
How do I simplify 6x+8/4x+4?
What is a commission? How does it differ from patronage?