The annual accounts payable is 4,800; the annual revenue is 75,000, and the gross profit margin is

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

Question:

The annual accounts payable is 4,800; the annual revenue is 75,000, and the gross profit margin is 40%. The payable days estimated from the data is ______.

Related Book For answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

See More Books

Posted Date: Nov 02, 2022 08:37 AM

See More Questions

Find the operating ratio and the gross profit margin ratio for Molene Interent Store if the month's income statement shows net sales, $285,832; cost of goods sold, $198,530; gross profit, $87,302;...
Find the operating ratio and the gross profit margin ratio for Molene Internet Store if the month's income statement shows net sales, $285,832; cost of goods sold, $198,530; gross profit, $87,302;...
The following gross profit data are taken from the financial records of the Eckhardt Company: Required 1. If it is known that volume declined 5% from 2007 to 2008, by how much did selling prices...
Write a program that takes the name of an image file as a command-line argument, and creates and shows three Picture objects, one that contains only the red components, one for green, and one for...
You are attempting to determine whether the price of Dell computers is related to the price of Apple computers. Over the course of a year, you observe the following prices: (Assume this is just a...
An Internet project is about 65 percent complete and has had its challenges. As of the last status report, it appears to be on track regarding cost, schedule, and scope. Senior management tells you...
Why is significance an important construct in the study and use of inferential statistics?
The town barber shop can accommodate 35 customers per day. The manager has determined that if two additional barbers are hired, the shop can accommodate 80 customers per day. What are the design and...
Part of the Federal Agenda for Criminal Justice Reform proposed by members of Congress contains a proposal to incentivize states to reduce their prison populations. Enact the Reverse Mass...
Go to the Webinars worksheet. DeShawn wants to determine the number of webinars the company can hold on Tuesdays and Thursdays to make the highest weekly profit without interfering with...
Differential equations application in daily life.how we use them in our daily life problem
Suppose that a supervisor asks you to rechassily a short-term note payable as a long-term liability. a. What effect will this have on the current ratio? b. Could such an effect be viewed beneficially...
What are the differences between Save As and Save A Copy (in the File menu)? How are these commands different from the Backup command? What must you do before you can work with your company data...
Based on the California Department of Industrial Relations overtime laws, how many overtime hours will this employee be paid for? Day Hours Monday 6 Tuesday 6 Wednesday 6...
Discuss the impact of SABs investment on the social, economic and political macro factors. In order for SAB to accomplish its goals, it requires management to apply the four key management...
Distinguish between suppliers of short term and suppliers of long term credit. Analyse the various types of transport costs involved in project cost management.
Turning Pointing Ltd. ("Turning Point") is an entity listed in the consumer goods sector of the JSE and has a 30 April financial yearend. Turning Point sells a variety of household appliances from...
Hardin Services Co. experienced the following events in 2016: 1. Provided services on account. 2. Collected cash for accounts receivable. 3. Attempted to collect an account and, when unsuccessful,...
Discuss the importance of identifying the acquisition date.
Jackson Capital Inc. (JCI) is a new private investment company that provides capital to business ventures and is required to follow IFRS. It is not a venture capital organization. JCIs business...
The account balances of Islewood Ltd. and Richmond Ltd. at January 1, 2013, were as follows: The fair values of Richmonds assets at January 1, 2013, were: Land .............240,000...
A damped single-degree-of-freedom system has a mass $(m)$ of $5 \mathrm{~kg}$, stiffness $(k)$ of $20 \mathrm{~N} / \mathrm{m}$, and a damping constant $(c)$ of \(5 \mathrm{~N}-\mathrm{s} /...
An electronic instrument, of mass $20 \mathrm{~kg}$, is to be isolated to achieve a natural frequency of $15 \mathrm{rad} / \mathrm{s}$ and a damping ratio of 0.95. The available dashpots can...
A stepped bar, fixed at $x=0$ and free at $x=l$, has a cross-sectional area of $2 A$ for \(0 \leq x

The annual accounts payable is 4,800; the annual revenue is 75,000, and the gross profit margin is

Question:

Expert Answer:

Advanced Accounting

Students also viewed these accounting questions