A company had net sales of $84,000 and accounts receivable of $6,720. Its days sales uncollected is
Question:
A company had net sales of $84,000 and accounts receivable of $6,720. Its days’ sales uncollected is
a. 3.2 days
b. 18.4 days
c. 230.0 days
d. 29.2 days
e. 12.5 days
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
d 672...View the full answer
Answered By
Muhammad adeel
I am a professional Process/Mechanical engineer having a vast 7 years experience in process industry as well as in academic studies as a instructor. Also equipped with Nebosh IGC and lead auditor (certified).
Having worked at top notch engineering firms, i possess abilities such as designing process equipment, maintaining data sheets, working on projects, technical biddings, designing PFD and PID's etc.
Having worked as an instructor in different engineering institutes and have been involved in different engineering resrearch projects such as refinery equipment designing, thermodynamics, fluid dynamics, chemistry, rotary equipment etc
I can assure a good job within your budget and time deadline
4.90+
52+ Reviews
60+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Solve the shortest-route problem for the network shown inFigure. 9 6 4 2 0 5 6 6 3 5
-
Make a dotplot for the data given in Problem 5. 10 4 8737 0 261 8 1 65139 7 5145 15 3 6 3 5 9 2 3 5
-
Calculate the Fourier coefficients for the function in Fig. 17.60. f(t) A M.M.M -5-4-32 0 2 3 4 5
-
Management is responsible for establishing effective internal control for its organization, including measures to prevent, deter, and detect fraud. Appendix 7A on pages 294296 describes antifraud...
-
Differentiate between investing activities, financing activities, and operating activities.
-
1. What options can you think of for Dax and Mark to mitigate the damage from unfilled expectations for the annual bonus? 2. What specific steps would you take if you were a senior manager in this...
-
For the finite difference scheme in Problem 4: a) Write the formulas for the Gauss-Seidel algorithm in terms of the grid point values. b) Prove convergence of the Gauss-Seidel iteration procedure....
-
The accountant for the firm owned by Horace Brock prepares financial statements at the end of each month. INSTRUCTIONS Use the figures in the T accounts for Problem 3.4A to prepare a trial balance,...
-
Note: This problem is for the 2021 taxyear.Janice Morgan, age 24, is single and has no dependents. She is afreelance writer. In January 2021, Janice opened her own officelocated at 2751 Waldham Ro 2...
-
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occurred in May (the last month of the companys fiscal year). Required...
-
A company replenishes its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash receipts of $420 in repairs expense. The entry to replenish the fund includes a. A debit to Cash for $75....
-
What is meant by capitation fees? When should they be recognized as revenues?
-
A ball is dropped onto a horizontal pavement from a height of 3m. How high will the ball bounce if the coefficient of restitution is 0.2? How high does it bounce the second time? A snooker ball of...
-
How has the Five Force Model been applied to the automobile industry? What are the key forces that determine the industry's profitability, and how have they changed over time?
-
3- Suppose that we use Multilayer Perceptron neural networks for classification. (a) Explain general steps for classification data in 2-dimensional space with an example. (b) What is the convergence...
-
In the Circular Flow Diagram Model, who supplies the labor?
-
How can Ben provide access control for his customers without having to provision user IDs before they connect while also gathering useful contact information for his business purposes?
-
Use a query to compute the average purchase amount per product made by each customer. CUS CODE CUS BALANCE Total Purchases Number of Purchases Average Purchase Amount 10011 0012 10014 10015 10018...
-
Proposals have been made to ?sail? spacecraft to the outer solar system using the pressure of sunlight, or even to propel interstellar spacecraft with high-powered, Earth-based lasers. Sailing...
-
a. Calculate the debt ratio and the return on assets using the year-end information for each of the following six separate companies ($ thousands). b. Of the six companies, which business relies most...
-
BMW reports the following balance sheet accounts for the year ended December 31, 2011 (euro in millions). Prepare the balance sheet for this company as of December 31, 2011, following the usual IFRS...
-
Access EDGAR online (www.sec.gov) and locate the 2011 year 10-K report of Amazon.com (ticker AMZN) filed on February 1, 2012. Review its financial statements reported for years ended 2011, 2010, and...
-
10. Capital losses on the disposition of listed personal property can be deducted, but only against net capital gains on listed personal property. Question 10 options: True False
-
Form utility is the benefit marketing provides by _ _ _ _ _ _ _ _ _ _ . allowing the consumer to own, use, and enjoy the product storing products until they are needed making products available where...
-
In 2020 Maria has one child, age 7, for whom she claims the child tax credit. Maria's earned income is $8,000 and her AGI is zero. How much if the child tax credit is refundable to Maria? a. $2000 B....
Study smarter with the SolutionInn App