What does the days sales in receivables indicate and how is it calculated?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (12 reviews)
Days sales in receivables also called the collection ...View the full answer
Answered By
Muhammad Haroon
More than 3 years experience in teaching undergraduate and graduate level courses which includes Object Oriented Programming, Data Structures, Algorithms, Database Systems, Theory of Automata, Theory of Computation, Database Administration, Web Technologies etc.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Accounting questions
-
What is a partnership bonus? How is it calculated when a new partner is admitted?
-
Days Sales in Receivables a company has net income of $195,000, a profit margin of 9.40 percent, and an accounts receivable balance of $106,851. Assuming 75 percent of sales are on credit, what are...
-
What is the Herfindahl-Hirschman Index? How is it calculated and interpreted?
-
Clapton Company's sales budget shows the following projections for the year ending December 31, 2017: Quarters First (Jan -March) Second (April June) Third (July-Sept) Fourth (Oct-Dec) Total First...
-
Aqueous solutions of ammonia, NH3, were once thought to be solutions of an ionic compound (ammonium hydroxide, NH4OH) in order to explain how the solutions could contain hydroxide ion. Using the...
-
Juan Hernandez, a Cuban athlete who visits the United States and Europe frequently, is allowed to return with a limited number of consumer items not generally available in Cuba. The items, which are...
-
Given the growing popularity of video games among young people, one study examined how women are portrayed in these games (Dietz, 1998). Dr. Dietz was particularly interested in whether video games...
-
Willow Creek Nursery, with an authorization of 75,000 shares of preferred stock and 200,000 shares of common stock, completed several transactions involving its stock on October 1, the first day of...
-
Express as a product. log M11
-
Taking a cruise is a costly discretionary expense. In a recent year, the top five cruise lines in the world had this many passengers: Round your answers to the nearest integer. a. The computations...
-
What are two common methods used when accepting deposits for credit card and debit card transactions?
-
What is a critical element of internal control in the handling of receivables by a business? Explain how this element is accomplished.
-
Liability Insurance Company writes a substantial amount of commercial liability insurance. A large construction company requests $100 million of liability insurance to cover its business operations....
-
If a judge ____________ an objection, the question can be asked.
-
True Or False An attorney has an unlimited number of preemptory challenges in jury selection.
-
Disclosure-centered discovery a. is less efficient than request-centered discovery. b. requires parties to disclose information voluntarily. c. is like the game of Battleship in that parties have to...
-
How does the tort of false imprisonment arise in law enforcement and in shoplifting cases?
-
Under the federal rules, a disclosure statement must contain a. the name, address, and telephone number of each person likely to have discoverable information. b. any documents in the possession,...
-
Estimate the osmotic pressure of human blood at 37C. Assume blood is isotonic with a 0.154 M NaCl solution, and assume the vant Hoff factor, i, is 1.90 for NaCl.
-
The power company must generate 100 kW in order to supply an industrial load with 94 kW through a transmission line with 0.09 resistance. If the load power factor is 0.83 lagging, find the...
-
Two objects, A and B, of equal inertia approach each other with relative velocity \(\vec{v}_{\mathrm{AB}}\) and collide elastically. For each object, draw a velocity-versus-time graph for the...
-
Details about a company's cash flows appear in a number of places in the annual report. Use Starbucks Corporation's Fiscal 2013 Annual Report to answer the following questions. Visit...
-
Details about a company's cash flows appear in a number of places in the annual report. Use Starbucks Corporation's Fiscal 2013 Annual Report to answer the following questions. Visit...
-
Return to the TST data in Short Exercise S17A-13. TST had 8,000 shares of common stock outstanding during 2016. TST declared and paid preferred dividends of $4,000 during 2016. Show how TST reports...
-
2. What basic criteria would you recommend that K&G set to determine what jobs the company should accept in the future?
-
Why are Incoterms 2020 and Terms of Payment considered an important factor in executing global trade contracts? and also provide five various examples and risk related risk factors,
-
What is the purpose of using the Loan Manager in QuickBooks?
Study smarter with the SolutionInn App