Net credit sales total $1,720,500 beginning and ending accounts receivable are $50,000 and $61,000, respectively calculate the

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

Question:

Net credit sales total $1,720,500 beginning and ending accounts receivable are $50,000 and $61,000, respectively calculate the days' sales outstanding.

Related Book For answer-question

Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

See More Books

Posted Date: Oct 15, 2020 02:06 PM

See More Questions

Beginning accounts receivable were $275,500 and ending accounts receivable were $302,300. Cash amounting to $2,965,000 was collected from customers credit sales. Required: Calculate the amount of...
Beginning accounts receivable were $135,720 and ending accounts receivable were $128,640. All sales were on credit and totaled $1,682,480. Required: Determine how much cash was collected from...
Beginning accounts receivable were $275,500, and ending accounts receivable were $302,300. Cash amounting to $2,965,000 was collected from customers' credit sales. Required: Calculate the amount of...
Paolo was recently promoted over Yasmine, and he now works on the sixth floor. Yasmine used to eat lunch with a coworker on the sixth floor, but lately she has been eating in the cafeteria to avoid...
Although balloons have been around since 1783 when the first balloon took to the skies in France, a real breakthrough in ballooning occurred in 1960 with the design of the modern hot-air balloon...
Gravel is being dumped from a conveyor belt at a rate of 25 ft/min, and its coarseness is such that it forms a pile in the shape of a cone whose base diameter and height are always equal. How fast is...
What is the role of domain analysis in designing a product?
The contractors project office is often structured to be compatible with the customers project office, sometimes on a one-to-one basis. Some customers view the contractors project organization merely...
Discuss the concepts of mean, median, mode, and standard deviation. Include when each should be used and evaluate the differences of each.
As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation for the following transactions: a. Debit Equipment and credit Cash. b....
33. Measuring the height of a tree is usually more difficult than measuring the diameter of the tree. Therefore, many researchers use regression models to predict the height of a tree from its...
A financial insitution buys 7 million shares in a company and 35 million ounces of a commodity. The bid-offer spread on the shares is 69.5 - 70.5 Dollars. The bid offer spread on the commodity is 25...
You are a conservative buyer and you want to get a quick assessment of how much home you can "safely" buy and are going to use the 28/36 rule to make that assessment.You earn $70,000 per year gross,...
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000, and the current date is April 19, 2022. Company...
You have the following data: Earnings before interest and taxes Depreciation Taxes operating cash flow in $ is, Your Answer: Answer $700 $150 $54 Round your answer to 2 decimal points; example 1.12
Windows are a major source of heat loss from a house because glass has a higher thermal conductivity than the other materials typically used in construction and because insulation can be placed...
Write a few brief notes regarding what you already know about operating systems. Indicate the areas for which you believe you need additional knowledge. How would you define an operating system? What...
If |62x|>9, which of the following is a possible value of x? A. 2 B. 1 C. 0 D. 4 E. 7
Clearcopy, a printing company, acquired a new press on January 1, 2011. The press cost $173,400 and had an expected life of eight years or 4,500,000 pages and an expected residual value of $15,000....
Refer to the information for Chilton Company above. In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month....
What is an impairment of a fixed asset?
What other solutions could you see be effective at improving employee motivation and reducing the turnover rate? Why do you believe these solutions would be useful?
Should the whole team have decided on the team members schedule accommodations collectively? Why or why not?
In what ways do you believe providing special work arrangements or accommodations for employees impacts employee motivation? How does it help? How does it hurt?

Net credit sales total $1,720,500 beginning and ending accounts receivable are $50,000 and $61,000, respectively calculate the

Question:

Expert Answer:

Average ARBeginning AREn... View the full answer

Cornerstones of Financial and Managerial Accounting

Students also viewed these accounting questions