gracelincook8038 gracelincook8038

01-01-2021
Business

contestada

If net sales for the current year were $612,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)

Respuesta :

Tundexi Tundexi

03-01-2021

Answer:

42 days.

Explanation

Note: The full question is attached as picture below

Account receivable turnover ratio = $612,000 / $70,422

Account receivable turnover ratio = 8.69

Account collection period = 365 / 8.69

Account collection period = 42.00230.

Thus, the firm’s sales uncollected for year is 42 days.

Ver imagen Tundexi

Answer Link

Otras preguntas

should local people be involved in decisions in their cities

Which geographic features are associated with a divergent boundary (Can select more then one)

Beth is a retired teacher who lives in dallas and does some consulting work for extra cash. at a wage of $40 per hour, she is willing to work 7 hours per week.

I’m very confused. Please help fast.

Drew planned to make cookies using a recipe that required 1 1⁄2 cups of chocolate chips. If he wanted to double the recipe, how many cups of chocolate chips wou

What does it mean to say the government is limited by rule of law?

In the poem, why does beowulf initially sail to hrothgar's kingdom?

What two main factors do geographers use to determine a region's climate?

The emotional upheaval provoked by this mandate is called the identity crisis. In order to resolve this crisis and achieve a sense of identity, it is necessary

How many meters are in 1000 millimeters? (Is it 1?) 1 10 100 10000