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 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

b) 2x² - 4x + 3 = 0 a) x² + 3x – 10 = 0
Ok so x=40+50+90? Am I right
What did Pontiac lead a rebellion against? the British takeover of French lands the colonists’ plan to end settlement in the west the economic profits from the
1 What is one reason England established colonies in America? A England needed the extra land to solve their overcrowding problem. B England wanted a trade mon
How do you defined that an object is a computer
Show work Need fast!!! 4(1/3+ 1/3+ 1/3)
What is the measure of x? Ал D X = [?]" 118% Х B В >C Angles are not drawn to scale.
You people really reporting me over a question? like im trying to be nice instead of yall stressing and trying to find points to ask yall questions and stuff bu
Tammy scored 88, 72, 44 points on her first three test. What must she score in her last test to get at least an average of 70?
Which savings option divides your investment among multiple companies