A company with net credit sales of $960,000, beginning net receivables of $70,000, and ending net receivables

Question:

A company with net credit sales of $960,000, beginning net receivables of $70,000, and ending net receivables of $90,000 has days’ sales outstanding closest to

a. 37 days.

b. 30 days.

c. 34 days.

d. 41 days.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9780136899037

13th Edition

Authors: C. William Thomas, Wendy M Tietz

See More Books

Question Posted: Feb 13, 2023 06:03 AM

See More Questions

A company with net credit sales of $960,000, beginning net receivables of $70,000, and ending net receivables of $90,000 has days sales outstanding closest to: a. 37 days. b. 30 days. c. 34 days. d....
The Daisy Company had net credit sales of $880,000 for the year. Cash sales for the year were $1,1330,000. Its receivables at the beginning of the year were $42,000 and at the end of the year they...
In 2012, Grossfeld Company has net credit sales of $1,600,000 for the year. It had a beginning accounts receivable (net) balance of $108,000 and an ending accounts receivable (net) balance of...
In Exercises 2324, find the standard form of the equation of each hyperbola satisfying the given conditions. Foci: (0, -4), (0, 4); Vertices: (0, -2), (0, 2)
Relationship marketing practices will dramatically alter marketing communications strategies in the future. Is this statement true or false? Conduct some online secondary research and form an opinion...
Assess the capital costs required to implement fully the large-scale retrofit for the housing stock in the selected town or city of Problem 13.2. If a limited level of capital funds is available,...
Search the literature or web and discuss briefly the principles behind the following flowmeasurement devices: a Pitot tube; a hot-wire anemometer; a laser-Doppler velocity meter; and a...
A film of Jesse Owenss famous long jump (Fig.6-42) in the 1936 Olympics shows that his center of mass rose 1.1m from launch point to the top of the are What minimum speed did he need at launch if he...
Evaluate the impact of capital structure decisions, including debt-equity ratio optimization, on firm value and cost of capital .
2. [5 pts.] Show the structure of the following table (ORDER) in the outline notation defining a primary key. Draw the dependency diagram, and, on the diagram, specify partial and/or transitive...
The comparative financial statements of Sunset Pools, Inc., for 2023, 2022, and 2021 included the following select data: Requirements 1. Compute the following ratios for 2023 and 2022: a. Current...
Wronkovich & Sells, an accounting firm, advises Off the Boat Seafood that its financial statements must be changed to conform to GAAP. At December 31, 2021, Off the Boats accounts include the...
Which of the following are not valid Java identifiers? Why? a. Factorial b. anExtremelyLongIdentifierIfYouAskMe c. 2ndLevel d. level2 e. MAX_SIZE f. highest$ g. hook&ladder
Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($390.009) Expenses: Wages and salaries ($11,800 + $130.009) Supplies ($4.00g) Equipment rental ($2,400...
Following is a list of internal controls. Select the COSO component that best matches each internal control. Internal control a. Implementation of policies to reduce risk of internal control failure....
Summarize why fraud is easier to detect during periods of contracting money supply and harder to detect during expanding money supply. Relate your arguments to the Art Markets, Real Estate, and Oil...
XYZ Company has the following account balances in 1/1/2021: Accounts receivable: 30,000 Allowance for doubtful accounts (A.F.D.A): 3000 credit During 2021 the following transaction occurred: 1) sales...
Income statements for the current year and one year ago follow. Assume that all sales are on credit. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense...
Direct marketing has been beset by a number of problems that have tarnished its image. Discuss some of these and what might be done to improve direct marketing's image.
If the cylinder described in Problem 21.3 were initially heated to 500F, how long would it take for the center of the cylinder to cool to 240F if it were constructed of a. Copper? b. Brass? c. Nickel?
The letters of the word HAT are cut apart and put into a bag. One letter is drawn from the bag and a standard die is rolled. What is the probability of drawing the letter A and rolling a number that...
You write one New York Inc. June 120 call option contract for a premium of $5.68. You hold the position until the expiration date when New York Inc. stock sells for $126.56 per share. Calculate...
(a) Draw the graph of 2x + 7y+14=0. (b) Does the equation of part (a) define y as a function of x? If so, identify the function. 15 12- (a) Use the graphing tool to graph the equation. Click to...

A company with net credit sales of $960,000, beginning net receivables of $70,000, and ending net receivables

Question:

Step by Step Answer:

b 70000 9...View the full answer

Financial Accounting

Students also viewed these Business questions