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

Question

1 Approved Answer

Peace Corporation reported the following figures: (Click the icon to view the figures.) Assume all sales are on credit. During 2016, Peace?s days? sales in

image text in transcribed

Peace Corporation reported the following figures: (Click the icon to view the figures.) Assume all sales are on credit. During 2016, Peace?s days? sales in receivables ratio was (amounts rounded) (Use a 365-day year. Round interim calculations to three decimal places and round your final answer to the nearest whole number.) A. 29days. B. 32 days. C. 34 days. D. 30 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

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

Audit And Assurance Study Text

Audit And Assurance Study Text

Authors: Get Through Guides

1st Edition

1848080255, 978-1848080256

More Books

Students also viewed these Accounting questions

Question

★★★★★
"I don't do any capital budgeting for buying my machines. They typically last for more than 10 years. If I have to do capital budgeting, I need to estimate my future cash inflows and outflows for the...

Answered: 1 week ago

Question

★★★★★
What information provided by a variable costing income statement is used in computing the break-even point? Is this information on an absorption costing income statement? Explain your answer.

Answered: 1 week ago

Question

★★★★★
The first wave of the North American feminist movement began in the 1920s, as a result of women winning the right to vote. True or False

Answered: 1 week ago

Question

★★★★★
The data file TVLife provides information on life expectancy and number of televisions per thousand people in a sample of 22 countries, as reported by the 2006 World Almanac and Book of Facts. Enter...

Answered: 1 week ago

Question

★★★★★
Definition (Oblivious Turing Machine). We say that a Turing Machine is oblivious if the movements of its tape heads are independent of the contents of the tapes, and only depend on the size of the...

Answered: 1 week ago

Question

★★★★★
How does Starbucks Formulate and/or Implement Global Strategy? Who are Starbucks Global Managers and/or Team Development? What is Starbucks' Culture in the Global Environment like? For each topic, be...

Answered: 1 week ago

Question

★★★★★
Costco is running a member-only sales program for Carnival cruise vacation. There are totally 600 cabins on the cruise ship. Fixed cost is $15,000 (includes fuel cost for roundtrip, salary for crews...

Answered: 1 week ago

Question

★★★★★
1. Using indicial notation, prove the following (where W is a second-order tensor field and a and b are vector fields). Explain your derivation in detail. ( b)W = (Wb)

Answered: 1 week ago

Question

★★★★★
The income statement reports earned income on _____, and the cashflow statement is based on ______. Question 4Answer a. An accrual-basis, accrual basis accounting b. A cash-basis, accrual-basis...

Answered: 1 week ago

Question

★★★★★
Designing the Distribution Network for Michaels Hardware Ellen Lin, vice president of supply chain at Michaels Hardware, was looking at the financial results from the past quarter and thought that...

Answered: 1 week ago

Question

★★★★★
In which of the following situations would you need to use the SALUTE service recovery model? Veterans call your clinic and are dissatisfied with their experiences at the VA. Fellow employees come to...

Answered: 1 week ago

Question

★★★★★
1. Explain how business strategy affects HR strategy.

Answered: 1 week ago

Question

★★★★★
3. Assess the importance of information as a basis for decision making in the human resource planning process.

Answered: 1 week ago

Question

★★★★★
use appropriate techniques to produce accurate forecast supply and demand figures for an organisations human resources

Answered: 1 week ago

Previous Question Next Question