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

If you can answer all of them that would mean a lot,
please answer thisss
Aurbreys dinner cost $85. She tips the waitstaff 30% for excellent service
Is there a difference between private capital and private equity?.
What makes an analogy effective? A. It compares one thing to something that has nothing in common with it B. It is not easily misinterpreted by readers to mean
Which creatures in predators are domesticated
Who was George Washington’s right hand man
Procedures and services submitted on a claim must be linked to the __________ code that justifies the need for the service or procedure. a. explanation of bene
Which segment of the government is responsible for raising taxes or reducing taxes? A) the Cabinet B) the judicial branch C) the Reserve Chairman D) the legisla
What type of economy did Stalin develop while leading the USSR?* 1 po Command economy Capitalist economy O Socialist economy Free enterprise economy O Laissez f