Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 15, 2024

If a business has net sales of $ 37,538 and accounts receivable amount to $ 2,300. How long does it take to recover your accounts

If a business has net sales of $ 37,538 and accounts receivable amount to $ 2,300. How long does it take to recover your accounts receivable in a 365 day year?

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

Small Business Finance And Valuation

Authors: Rick Nason, Dan Nordqvist

1st Edition

1952538122, 9781952538124

More Books

Students also viewed these Finance questions

Question

★★★★★

During the current year, Ramirez Developers disposed of plant assets in the following transactions: Feb. 10 Office equipment costing $26,000 was given to a scrap dealer at no charge. At the date of...

Answered: 1 week ago

Question

★★★★★

Problem 4 a) When you run the traceroul program, can the RTT for the n-th router be longer than the RIT for the 1-? Explain briefly b) How many times are used on the sender side in Go-Back-s,...

Answered: 1 week ago

Question

★★★★★

=+a) Theres a 3% chance that the fund manager is correct. b) Theres a 97% chance that the fund manager is correct. c) Theres a 3% chance that a random sample could produce the results we observed, so...

Answered: 1 week ago

Question

★★★★★

Mr. Gennone maintained a checking account at Peoples National Bank & Trust Company of Pennsylvania (Bank). Gennone noticed that he was not receiving his bank statements and canceled checks. When...

Answered: 1 week ago

Question

★★★★★

The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars from a dealer and then sold the cars after three years of use. The company's present...

Answered: 1 week ago

Question

★★★★★

The Creamery Ice Cream Shoppe sold 9,300 servings of ice cream during June for $2 per serving. The shop purchases the ice cream in large tubs from the Amazing Ice Cream Company. Each tub costs the...

Answered: 1 week ago

Question

★★★★★

This is a "critical thinking" Partnership project. Perform some Internet research and read about the Diffusion of Innovation (Rogers, 1962) and the 5 types of Human Adopter Groups that must be...

Answered: 1 week ago

Question

★★★★★

Based on the WCDM screen, how can we compare Italy and Japan in terms of overall default risk on their debt? Japan has over 3x the total debt of Italy, and a worse credit rating, so its credit...

Answered: 1 week ago

Question

★★★★★

Briefly explain Feeding America (an organization) Operational Model Based on the various operational models (e.g., entrepreneurial support model, market intermediary model, market linkage model,...

Answered: 1 week ago

Question

★★★★★

Since the proposed medication is injectable are you planning on premediating your patients to avoid any potential injection related reactions?

Answered: 1 week ago

Question

★★★★★

2 . As we move forward with the workshop, we will discuss how important it is to communicate to your audience ( as Florence Nightingale did ) . What does the above graph / chart communicate? What are...

Answered: 1 week ago

Question

★★★★★

3.52 What is the joint probability of high income and never? Table 3.10 Probabilities for Television Viewing and Income VIEWING FREQUENCY Regular Occasional Never Totals HIGH INCOME MIDDLE INCOME LOW...

Answered: 1 week ago

Question

★★★★★

3.51 An editor may use all, some, or none of three possible strategies to enhance the sales of a book: a. An expensive prepublication promotion b. An expensive cover design c. A bonus for sales...

Answered: 1 week ago

Question

★★★★★

3.47 A stock market analyst claims expertise in picking stocks that will outperform the corresponding industry norms. This analyst is presented with a list of 5 high-technology stocks and a list of 5...

Answered: 1 week ago

Previous Question Next Question