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

Who do you admire most in the world?
The form of the conversion factor that is used is the one in which the unit of the _____ is in the denominator.
Please answer all 5 QUESTIONS. Don’t just put something random. I really need help.
Solve for n. 9 = 12n Simplify your answer as much as possible. plzzzzzz help me
Add. −1 2/5+(−3/5)+(−3/4)
Nya started a new job and quickly adjusted to the work environment. Which soft skill does this demonstrate? Teamwork Communication Leadership Adaptability
I need help for all of these please
Please help with this: In your own words, describe each of the following terms: Science, Technology, Engineering, Math
What is created when plants convert the sun's energy?
What is metallurgy?​