FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

22 A company sells on credit terms of 2/10, n/30 and has days' sales in accounts receivable of 31 days. Its days' sales outstanding is

image text in transcribed

22

A company sells on credit terms of 2/10, n/30 and has days' sales in accounts receivable of 31 days. Its days' sales outstanding is O A. too high. O B. too low O C. about right. O D. not able to be evaluated from the data given

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

=+4.12. (a) Show (see Example 4.21) that log2 n + log2 log 2 n + 0 log, log, log2 n is an outer boundary if 0 > 1. Generalize.

Answered: 1 week ago

Question

★★★★★
Prepare the monthly income statement, monthly statement of owners equity, and the balance sheet at August 31, 2014, for Krishna Cleaning Company from the data provided in the adjusted trial balance...

Answered: 1 week ago

Question

★★★★★
Exercise 07-17 Preparation of cash budgets (for three periods) LO P2 Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash...

Answered: 1 week ago

Question

★★★★★
(a) Let T> 0. A model in economics seeks to optimise investment M(t) by calculating a stationary path of the functional S[M] over the fixed time interval 0 t T where (b) T S[M] = [ dt a(bM M' c),...

Answered: 1 week ago

Question

★★★★★
Ms. Mary Mulenga and Ms. Joyce Hachiintu are second year students from the National Institute of Public Administration pursuing a Bachelor of Arts in Public Administration. After writing their final...

Answered: 1 week ago

Question

★★★★★
Watch this wonderfully made video where flight instruction in France is conducted in English. https://www.youtube.com/watch?v=Y5NOncG7WHY How effective is this instructor in his delivery with the...

Answered: 1 week ago

Question

★★★★★
A medical supplies manufacturer that operates 250 days a year has a constant annual demand of 50,000 units of a certain medicine. The company has a daily production capacity of 500 units and the...

Answered: 1 week ago

Question

★★★★★
Question 6 0.5 Points Max Z=5X1 + 3X2 Subject to X1 + 2x2 10 X1-X2 8 X1, X2 0 In the starting Simplex tableau, X1 and X2 are non-basic variables and the value of Z is zero. The value of Z in the next...

Answered: 1 week ago

Question

★★★★★
What is a strategic business that Starbucks has or has recently faced; contextualized within the organizational setting, including an overview of relevant strategic decisions that led to its current...

Answered: 1 week ago

Previous Question Next Question