Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 14, 2024

During 2020, XYZ Inc. sold merchandise costing $280,000 for $320,000. It has $60,000 of beginning accounts receivables and $7 ending accounts receivables. What is company's

During 2020, XYZ Inc. sold merchandise costing $280,000 for $320,000. It has $60,000 of beginning accounts receivables and \$7 ending accounts receivables. What is company's Days' Sales Outstanding (rounded?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

The Theories Of Audit Expectations And The Expectations Gap

Authors: Ecaterina Volosin

1st Edition

3640192311, 978-3640192311

More Books

Students also viewed these Accounting questions

Question

★★★★★

How many elements are there in a row between those whose wavelengths of K lines are equal to 250 and i79 pro?

Answered: 1 week ago

Question

★★★★★

Suppose X Uniform(1, 2), and given X = x, Y is exponential with parameter = x. Find Cov(X, Y).

Answered: 1 week ago

Question

★★★★★

85. An insurance company pays out claims on its life insurance policies in accordance with a Poisson process having rate = 5 per week. If the amount of money paid on each policy is exponentially...

Answered: 1 week ago

Question

★★★★★

Long Board Company Manufactures designer paddle boards in a wide variety of sizes and styles. The following incomplete ledger accounts refer to transactions that are summarized for May: In addition,...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

Gasoline is a fairly complex liquid made up of a range of hydrocarbons, including\ alkanes (paraffins), alkenes (olefins) and cycloalkanes (naphthenes), and these can\ range from C4 to C12. However,...

Answered: 1 week ago

Question

★★★★★

QS 17-17 Profit margin L04 Calculate the profit margin for 2017 and evaluate the result against the industry average in Exhibit 17.11, explaining why it compares favourably or unfavourably (round to...

Answered: 1 week ago

Question

★★★★★

The following are partial balance shoels for Bank of Canada and 14 LVTS Participants BANK OF CANADA 14 LVTS Participants/Primary Dealers Consolidated Balance Sheet Assets(SB) Liabilities (3)...

Answered: 1 week ago

Question

★★★★★

3. A 0.9 ft diameter steel stud is mounted upright to the seabed at a water depth of 32 ft. If the pipe is hit by 4.5 ft high waves, exhibiting a wavelength of 26 ft, calculate the: (i) Max. fluid...

Answered: 1 week ago

Question

★★★★★

P24-4A Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. Prepare responsibility report...

Answered: 1 week ago

Question

★★★★★

Soren's favorite cereal is on sale. A 20-ounce box costs $4.59. A smaller, 12-ounce box costs $2.52. Complete the statements to describe which box costs less per ounce. 0 answers

Answered: 1 week ago

Question

★★★★★

C What aspects of the public speaking situation do you think a VRT simulation could effectively simulate?

Answered: 1 week ago

Question

★★★★★

A What type of accent do you have? How do you feel it is perceived by others from different regions in the United States or even abroad?

Answered: 1 week ago

Question

★★★★★

Many of us feel awkward when we hear our voices on a recording, but rather than feel uncomfortable, you should learn to embrace your speaking voice. What aspects of your vocal delivery are unique to...

Answered: 1 week ago

Previous Question Next Question