Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Oral Roberts Dental Supplies has annual sales of $6,255,000. Eighty percent are on credit. The firm has $722,800 in accounts receivable. Compute the value of

Oral Roberts Dental Supplies has annual sales of $6,255,000. Eighty percent are on credit. The firm has $722,800 in accounts receivable.

Compute the value of the average collection period. (Do not round intermediate calculations. Use a 360-day year.)

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

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

Recommended Textbook for

Crypto Asset Investing In The Age Of Autonomy

Authors: Jake Ryan

1st Edition

1119705363, 978-1119705369

More Books

Students also viewed these Finance questions

Question

Why do people exhibit bounded rationality when problem solving?

Answered: 1 week ago

Question

Find the partial fraction decomposition: 5x-9x + 12 (x-2)(x+x+1)

Answered: 1 week ago

Question

Write down the Limitation of Beer - Lamberts law?

Answered: 1 week ago

Question

Discuss the Hawthorne experiments in detail

Answered: 1 week ago

Question

Explain the characteristics of a good system of control

Answered: 1 week ago

Question

State the importance of control

Answered: 1 week ago

Question

5. Structure your speech to make it easy to listen to

Answered: 1 week ago

Question

1. Describe the goals of informative speaking

Answered: 1 week ago