Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 06, 2024

The annual accounts receivable is 3,000; the annual sales 40,000, and the gross profit margin is 40%. The receivable days estimated from the data above

The annual accounts receivable is 3,000; the annual sales 40,000, and the gross profit margin is 40%.

The receivable days estimated from the data above is?

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

Essentials of Managerial Finance

Authors: Scott Besley, Eugene F. Brigham

14th edition

324422709, 324422702, 978-0324422702

More Books

Students also viewed these Finance questions

Question

★★★★★

The balance sheets for Federer Sports Apparel for 2016 and 2015 are presented below Required: 1. Prepare a vertical analysis of the balance sheet data for 2016 and 2015. Express each amount as a...

Answered: 1 week ago

Question

★★★★★

Q9.35. Should a negative-beta asset offer a higher or a lower expected rate of return than the risk-free asset? Does this make sense?

Answered: 1 week ago

Question

★★★★★

6.25 Sunflowers An experimenter publishing in the Annals of Botany investigated whether the stem diam- eters of the dicot sunflower would change depending on whether the plant was left to sway freely...

Answered: 1 week ago

Question

★★★★★

Comparative financial statement data of Rourke Optical Mart follow: Other information: 1. Market price of Rourke common stock: $78.12 at December 31, 2010, and $59.10 at December 31, 2009. 2. Common...

Answered: 1 week ago

Question

★★★★★

Please solve both problems 1.Use the discussed translation strategy for constructing an epsilon-NFA from a regular expression as discussed in lecture 3 for the regular expression. letter ( letter |...

Answered: 1 week ago

Question

★★★★★

Question No. 1:A) Nauman Afzal bought three motorcars during 2010 as follows Car XYZ, on 1 January for Rs.500, 000 Car SDA, on 1 April for Rs.600, 000 Car CVS, on 1 July for Rs.480, 000 She closes...

Answered: 1 week ago

Question

★★★★★

Figure P.13.3 shows the flight envelope at sea-level for an aircraft with a wing span of 27.5m, average wing chord 3.05m, and total weight 196kN. The aerodynamic center is 0.915 m forward of the...

Answered: 1 week ago

Question

★★★★★

4. You elect extended repayment of your student loan and must pay $474.80/month. Your interest rate is 4.06%. Correct to the nearest dollar, how much did you borrow? 5. How much would you save, in...

Answered: 1 week ago

Question

★★★★★

Data and data analysis form important parts within the Lean Six Sigma (LSS) framework. Within a LSS project, what are data and data analysis not used for? 1)Diagnose the current process. 2) Find the...

Answered: 1 week ago

Question

★★★★★

Dan owned a farm. Most of his products are being supplied to different restaurants. Products include cow's milk, chicken egg, meat (chicken, pork, and beef). On the side, they also sell carrots,...

Answered: 1 week ago

Question

★★★★★

Task 1: A. Describe the operation of the following thermodynamic systems and their properties: (i) System (ii) Surroundings (iii) Open System (iv) Close System (v) Isolated System B. A large fraction...

Answered: 1 week ago

Question

★★★★★

Can I please get the exact steps spelled out, writing them for someone that has very little experience with Excel. Thanks! EX16_XL_CH07_GRADER_CAP_HW - Apartment Complex 1.9 Project Description: You...

Answered: 1 week ago

Question

★★★★★

Do you use Twitter? If you do, how do you use it? What are the advantages/ disadvantages in using Twitter?

Answered: 1 week ago

Question

★★★★★

How will e-commerce affect you in the future on buying or selling of goods and services?

Answered: 1 week ago

Question

★★★★★

PERT is a management invention that takes basic principles and knowledge and, through design to get a desired result, comes up with a useful technique of planning and control. Analyze PERT with this...

Answered: 1 week ago

Previous Question Next Question