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

Question

1 Approved Answer

Kasatkina Company had net credit sales for the current period of $600,000 and average net receivables were $47,000. What is the days' sales outstanding? (Round

image text in transcribed
Kasatkina Company had net credit sales for the current period of $600,000 and average net receivables were $47,000. What is the days' sales outstanding? (Round any intermediary calculations to two decimal places and your final answer to the nearest day.) 129 days 13 days 29 days 16 days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Make It Complete A Guide Of Knowledge Advice And Tips For Internal Audit And Compliance

Make It Complete A Guide Of Knowledge Advice And Tips For Internal Audit And Compliance

Authors: Mónica Ramírez Chimal

1st Edition

6202304456, 978-6202304450

More Books

Students also viewed these Accounting questions

Question

★★★★★
(a) If f(x) = 2 cos x + sin2x, find f(x) and f(x). (b) Check to see that your answers to part (a) are reasonable by comparing the graphs of f, f and f

Answered: 1 week ago

Question

★★★★★
A Markov chain has transition matrix For S = [.3 .9], calculate SP. Is S a stationary matrix? Explain. 6 P = >- [48] 2

Answered: 1 week ago

Question

★★★★★
What is the raw SAT ERW score associated with the 50th percentile?

Answered: 1 week ago

Question

★★★★★
Effects of Changes in Sales, Expenses, and Assets on ROl CommercialServiees.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below:...

Answered: 1 week ago

Question

★★★★★
Kasatkina Company had net credit sales for the current period of $600,000 and average net receivables were $47,000. What is the days' sales outstanding? (Round any intermediary calculations to two...

Answered: 1 week ago

Question

★★★★★
Using the following information, prepare a bank reconciliation. - Bank balance: $6,988 - Book balance: 56,626 - Deposits in transit: $1,600 - Outstanding checks: $599 and $1,423 - Bank charges: $75 -...

Answered: 1 week ago

Question

★★★★★
On October 1, Alice Rodstein started a consulting firm. The asset, liability, and stockholders' equity account balances after each of her first six transactions are shown below. Describe each of...

Answered: 1 week ago

Question

★★★★★
Prepare a Corrected Trial Balance The following trial balance for Hill Company has errors that cause it to be out of balance. Prepare a corrected version of the trial balance for Hill Company....

Answered: 1 week ago

Question

★★★★★
The following data apply to Smoot Sports Inc. for April 2011: 1. Balance per the bank on April \(30, \$ 12,250\). 2. Deposits in transit not recorded by the bank, \(\$ 2,100\). 3. Bank error; check...

Answered: 1 week ago

Question

★★★★★
Suppose that the domestic demand and supply for hats in a small open economy are given by. where Q denotes quantity and P denotes price. a. If the world price is 10, what is the free trade level of...

Answered: 1 week ago

Question

★★★★★
An analysis of the transactions of Pickett Shipping Services for the month of May appears below. Line 1 summarizes Pickett's accounting equation data as of May 1; lines 2-10 represent the...

Answered: 1 week ago

Question

★★★★★
9. Describe the characteristics of power.

Answered: 1 week ago

Question

★★★★★
10. Describe the relationship between communication and power.

Answered: 1 week ago

Question

★★★★★
6. Describe how communication can reinforce cultural beliefs and behavior.

Answered: 1 week ago

Previous Question Next Question