Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 29, 2024

Oral Roberts Dental Supplies has annual sales of $8,700,000. Sixty percent are on credit. The firm has $841,000 in accounts receivable. Compute the value of

Oral Roberts Dental Supplies has annual sales of $8,700,000. Sixty percent are on credit. The firm has $841,000 in accounts receivable. Compute the value of the average collection period. (Do not round intermediate calculations. Use a 360-day year.) Average collection period days

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

Dianna Smith buys 10,000 shares of GoldWinner on January 10 for $5.40 per share. Ms. Smiths reporting currency is Japanese yen. The shares are bought without any intention of trading for short-term...

Answered: 1 week ago

Question

★★★★★

Universal Auto is a large multinational corporation headquartered in the United States. For segment reporting purposes, the company is engaged in two businesses: production of motor vehicles and...

Answered: 1 week ago

Question

★★★★★

home / study / engineering / computer science / computer science questions and answers / i need help soon it is due tonight! i have the code just not working could you please help ... Question: I...

Answered: 1 week ago

Question

★★★★★

Question need be discussed in this chapter: "Are the Canadian bank is safer than American bank? Provide explanation and sources for evidences.? What would happen if one of the major Canadian banks...

Answered: 1 week ago

Question

★★★★★

Question This Assessment requires students to find an Employment Law Case, and then to provide a report on the case submitted. Please note that I have allowed for freedom of choice i.e., students may...

Answered: 1 week ago

Question

★★★★★

You are replacing the rear lower control arm on a Mitsubishi Pajero and require the torque specifications for the mounting bolts and what condition the vehicle should be in when tightening the bolts....

Answered: 1 week ago

Question

★★★★★

National Motors Corporation is planning to issue bonds with a face value of $256,500 and a coupon rate of 5 percent. The bonds mature in 7 years and pay interest semiannually every June 30 and...

Answered: 1 week ago

Question

★★★★★

=) =) How much will ABC Holdings receives from its exports if it hedges with a forward contract. How much will ABC Corporation pay in domestic currency for its imports if it hedges with a orward...

Answered: 1 week ago

Question

★★★★★

A farmer went to a market and purchased a wolf, a goat, and a cabbage. On his way home, the farmer came to the bank of a river and rented a boat. But crossing the river by boat, the farmer could...

Answered: 1 week ago

Previous Question Next Question