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

Question

1 Approved Answer

Al Bayan Companys Average Accounts Receivables is OMR 240,000 and total Sales is OMR 1,000,000. The Cash sales are 30% of total sales. In this

Al Bayan Companys Average Accounts Receivables is OMR 240,000 and total Sales is OMR 1,000,000. The Cash sales are 30% of total sales. In this case, the Receivable collection period of the company will be:
a.
125.143 days
b.
154.52 days
c.
242.75 days
d.
179.45 days

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

10.43 No Left Turn An experiment was conducted to compare the mean reaction times to two types of traffic signs: prohibitive (No Left Turn) and permis- sive (Left Turn Only). Ten drivers were...

Answered: 1 week ago

Question

★★★★★
New Business Ventures, Inc has an outstanding perpetual bond with a 10 percent coupon rate that can be called in one year. The bond makes annual coupon payments. The call premium is set is set at...

Answered: 1 week ago

Question

★★★★★
t accounts opened Lee's Window Washing on July 1, 2021. In July, the following mounting olen P4.SA (LO 1, 2) AP Lee Chang opened Lee's Window Wa transactions were completed: July 1 Invested $20,000...

Answered: 1 week ago

Question

★★★★★
Sandhill's Book Warehouse distributes hardcover books to retail stores and extends credit terms of2/10, n/30 to all of its customers. At the end of May,Sandhill's inventory consisted of books...

Answered: 1 week ago

Question

★★★★★
2. Rationalize each denominator. 53 e. 23+4 32 f. 23-5 3. Rationalize each numerator. 3-7 e. 4 23+ 7 f. 5 7. Calculate the slope of the tangent to each curve at the given point or value of x. 2 c. y=...

Answered: 1 week ago

Question

★★★★★
Develop a causal circle based on the following: Walmart has been receiving complaints regarding length of time spent waiting in line.

Answered: 1 week ago

Question

★★★★★
What would you consider specific information as opposed to passive information that may only help in a bind, Is there specific information that you would research for?

Answered: 1 week ago

Question

★★★★★
2.2. Choose a mineral as an example (eg. copper) and briefly describe how the following factors may influence the quantity of this mineral that will be demanded: 2.2.1. Price of the mineral (2)...

Answered: 1 week ago

Question

★★★★★
Do you find overt use of group-specific symbols/language offensive or exploitative?

Answered: 1 week ago

Previous Question Next Question