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

a || b what’s the value of X?
write a story that ends with the expression never will I do that again​
If a line segment contains one endpoints at (4,8) and has midpoint (10,5)what is second endpoint
What is: it is a frequent moving of bowel with watery stool​
“BEAT BACK THE HUN WITH LIBERTY BONDS” Question: Analyze this piece of World War I propaganda and address the following: - Who was the intended audience? - What
how the Industrial Revolution has affected the world economy in MDCs, NICs, and LDCs alike?
Write a short narrative story
According to the bill of rights, a person accused of a crime
2350 to one significant figure
a friend of yours has won schoolaship to study at summer shool. write a short messange to cogratulate your friend