Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 25, 2024

Jennifer has annual sales of $267,200 and cost of goods sold of $205,850. The average accounts receivable balance is $13,175. How many days on average

Jennifer has annual sales of $267,200 and cost of goods sold of $205,850. The average accounts receivable balance is $13,175. How many days on average does it take the firm to collect its accounts receivable?

a. 16.08 days

b. 16.30 days

c. 17.27 days

d. 18.00 days

e. 20.28 days

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

Investing In Financial Research A Decision Making System For Better Results

Authors: Cheryl Strauss Einhorn, Tony Blair

1st Edition

1501732757, 9781501732751

More Books

Students also viewed these Finance questions

Question

★★★★★

Helene and Pauline are twin sisters who live in Louisiana and Mississippi, respectively. Helene is married to Frank, and Pauline is married to Richard. Frank and Richard are killed in an auto...

Answered: 1 week ago

Question

★★★★★

What is control break logic?

Answered: 1 week ago

Question

★★★★★

Among male smokers, the lifetime risk of developing lung cancer is 17%; among female smokers, this risk is 12%. For nonsmokers, this risk is significantly lower: 1.3% for men and 1.5% for women....

Answered: 1 week ago

Question

★★★★★

Watson Company has a product that passes through two processes: grinding and polishing. During October, the grinding department transferred 20,000 units to the polishing department. The cost of the...

Answered: 1 week ago

Question

★★★★★

Central atom electron group distribution PF5 SF4 XeF4 ClF3 XeF2 Molecular shape: PF5 IF5 SF4 XeF4 ClF3 XeF2 Values of the XAX bond angles (X= terminal atom, A= central atom(s)) PF5 _ IF5 SF4 XeF4...

Answered: 1 week ago

Question

★★★★★

Required information [The following information applies to the questions displayed below] Marco Company shows the following costs for three jobs worked on in April. Additional Information a. Raw...

Answered: 1 week ago

Question

★★★★★

YOUR TASK As a Marketing Consultant, advice John Samson by preparing a strategic marketing plan to the Board to position HHRE as the market leader and a viable venture in the real estate business....

Answered: 1 week ago

Question

★★★★★

Question No. 4. A 5-star hotel has 200 rooms that has historically charged one set of prices for its room, which was Rs. 5000 per night. The variable cost for one room includes cleaning,...

Answered: 1 week ago

Question

★★★★★

Linux Systems Administration In this module's class activities, you acted as a system administrator in order to troubleshoot a malfunctioning Linux server. The senior administrator was quite pleased...

Answered: 1 week ago

Question

★★★★★

Draw the kinematic diagram of the following linkages and find their mobility using Gruebler's equation. 1 B 2 3 -O- D 6 C 4 Point C is not a joint. It is a significant point on link 5.

Answered: 1 week ago

Question

★★★★★

The Canadian Tire trying to expand into the USA Company: The Canadian Tire What are the sustainable strategic goals of the company? What aspects about the country could be good for the company on the...

Answered: 1 week ago

Question

★★★★★

For the following compound identify how many chiral carbons present and how many isomers are possible. (6 points) Br HO HO Figure out elements of unsaturation for the following compound. C5H9OBr 1....

Answered: 1 week ago

Question

★★★★★

6. Give three examples that nothing (doing nothing) can function as a cause.

Answered: 1 week ago

Question

★★★★★

2. To store it and

Answered: 1 week ago

Question

★★★★★

3. Give three examples from your own everyday life where a piece of communi-cation is structured into a linear sequence, i.e. B is the cause of A.

Answered: 1 week ago

Previous Question Next Question