A company has an accounts receivable turnover ratio of 8. Calculate its number of days' sales in receivables.
Q: General Accounting Question please answer do fast
A: Step 1: Calculate the Capital Gains Step 2: Calculate the Total Dividends Step 3: Calculate the…
Q: Financial Accounting
A: Explanation: The data given in the question pertains to the year 2014. But, it also states that the…
Q: Towson Manufacturing had a work in process balance of.... Please need answer the general accounting…
A: To determine the total manufacturing costs incurred during 2018, we can use the following formula:…
Q: Financial accounting questions
A: Step 1: Understand the OROA Formula• Formula: Operating Return on Assets = Operating Profit Margin ×…
Q: Don't use ai given answer accounting questions
A: Step 1: Define Cash Return on AssetsIt is the efficiency plus return-on-investment benchmark that…
Q: What was the net loss in dollars for this accounting question?
A: Step 1: Define Net LossA net loss arises when the costs of a business exceed the revenues being…
Q: Financial Accounting Question answer do fast
A: Step 1: Define Capital StructureThe firm's capital structure describes how the firm's assets are…
Q: I need this question answer please contact answer general Accounting
A: Step 1: Define Government DebtThe government debt or the national debt is the total amount owed by…
Q: Need answer the accounting question please answer do fast and correct
A: The correct answer is A. $86,000 / $15,000. Here's the reasoning:Land-New: The value recorded for…
Q: What amount of interest expense would the company report in 2019 on these financial accounting…
A: Step 1: Define Interest ExpenseIn accounting, interest expense refers to the regular payment of the…
Q: I need this question general Accounting
A: Step 1: Define Net PayThe net pay is the term for the employee's earnings to be received as cash…
Q: FIFO
A: Explanation of Beginning Inventory:The Beginning Inventory refers to the quantity and value of goods…
Q: Subject is cost account
A: Hello student! To calculate the value of the stock, we can apply the Dividend Discount Model (DDM).…
Q: General Accounting
A: Step 1: Define Investment RevenueInvestment revenue is a non-operating revenue on the income…
Q: What amount is reported for net income? General accounting
A: Step 1: Define Company ReportsCompany reports include various financial statements like income…
Q: Hugh has the choice between investing in a city of solve this question general Accounting
A: Key Details:City of Heflin bond: 4.05% (tax-free)Surething bond: Current rate = 5.75%…
Q: Hi expert please solve the correct option general accounting
A: Step 1: Gather InformationFrom the question:Purchase price of the bond = $1,060Coupon rate =…
Q: Please provide this question solution general accounting
A: Understanding the Cash Conversion Cycle (CCC) and Related MetricsThe cash conversion cycle (CCC)…
Q: Don't use ai answer general accounting question
A: Step 1: Definition of Standard Cost and Budgeted CostStandard cost refers to the estimated cost per…
Q: Prime manufacturing company expects to purchase... Please provide answer this general accounting…
A: The December's cash disbursement for material purchases is calculated as follows: Cash disbursement…
Q: Please provide this question solution general accounting
A: Step 1: Define Corporate Taxable IncomeA corporation's taxable income is its net income for income…
Q: Given answer accounting questions
A: Step 1: Definition of Investment Turnover RatioThe investment turnover ratio measures how…
Q: Need help with this accounting questions
A: To calculate the project's Year 3 cash flow, we need to determine the after-tax operating cash flow,…
Q: What purpose does documentary reliability analysis serve in digital accounting? (a) Assesses…
A: Explanation of Documentary Reliability Analysis: Documentary reliability analysis is a systematic…
Q: Provide answer financial accounting
A: Step 1: Define Operating cycleOperating cycle is given as the time taken to convert the inventory to…
Q: Please solve this problem
A: Step 1:First calculate the equivalent unit of conversion cost: Equivalent units of conversion =…
Q: Do fast answer of this general accounting question
A: Step 1: Definition of Organizational-Sustaining CostsOrganizational-sustaining costs are overhead…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Overhead RateThe overhead rate is the amount of overhead cost allocated to…
Q: Financial accounting questions
A: Step 1: Define Accounts Receivable ManagementThe process of establishing limitations on choice of…
Q: I want to correct answer general accounting
A: The investment turnover ratio is a measure of how efficiently a company uses its invested assets to…
Q: Financial accounting questions
A: Step 1: Define Financial RatiosFinancial ratios are indicators of a financial performance of a…
Q: Asuma Company's high and low level of activity
A: Explanation of High-Low Method:The high-low method is a technique used in cost accounting to…
Q: Hello tutor please provide this question solution general accounting
A: To calculate the ending capital on the statement of retained earnings, use the formula: Ending…
Q: Provide correct option general accounting
A: Step 1: Define Net PayEvery employee receives the salary or wage at its net pay. It is the cash…
Q: Question Accounting-Cash conversion. cycle: Pem Corp. has an inventory period of 22.6 days, an…
A: Explanation of Cash Conversion Cycle: The cash conversion cycle represents the length of time it…
Q: Please solve this general accounting issue
A: To calculate the total manufacturing costs incurred during the fiscal year 2023, we use the…
Q: A & B
A: Explanation of Overhead Rate as a Percentage of Direct Labor:This rate reflects how much of the…
Q: Let i* denote the effective annual return achieved on an equity fund achieved between time (t-1) and…
A: To solve the problem, we need to determine the amount of money that should be invested now such that…
Q: Financial accounting
A: Step 1: Define Internal Growth RateThe internal growth rate is the maximum growth that an…
Q: Accounting Question
A: Step 1: Define Net Operating IncomeNet operating income is the income after paying for the operating…
Q: Question: The following information was taken from the accounting records of Reliable Tool…
A: Step 1:First calculate the total manufacturing cost: Total manufacturing cost = Direct material +…
Q: General accounting
A: A. Inventory Conversion Period (also known as Days Inventory Outstanding)This represents the average…
Q: What is the amount of budgeted direct labor cost for the month of July? General accounting
A: Step 1: Define Direct LaborDirect labor refers to the amount of wages of the persons who are…
Q: Financial Accounting Question please true answer
A: Step 1: Introduction to the Dividend Payout RatioThe dividend payout ratio refers to the total…
Q: Provide Answer
A: Step 1: Goods available for sale Units available for sale = Beginning inventory + July 5 purchase +…
Q: Right Option?
A: Explanation of Natural Capital Accounting: Natural capital accounting is a comprehensive system that…
Q: Chester has negotiated a new labor contract for the next round that will affect the cost for their…
A: The graph above illustrates the break-even analysis for Chester's product "Clack." It compares the…
Q: I need answer of this question solution general accounting
A: Step 1: Definition of Unit Manufacturing Cost under Absorption CostingUnder absorption costing, the…
Q: I need this question financial accounting
A: Step 1: Define Total Return of a StockThe total return is the total returns that an investor…
Q: Solution
A: Explanation of Return on Assets (ROA): Return on Assets is a financial ratio that shows how…
I need answer of this question solution general accounting
Step by step
Solved in 2 steps
- Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000. Nikkola had the following balances: Refer to the information for Nikkola Company above. Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note: Round answers to two decimal places. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
- Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had the following balances: Refer to the information for Tobys on the previous page. Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.A company reports the following: Sales Average accounts receivable (net) Determine (a) the accounts receivable turnover and (b) number of days' sales in receivables. Round your answers to one decimal place. Assume a 365- day year. a. Accounts receivable turnover $398,580 76,650 b. Number of days' sales in receivables daysNeed help
- A company reports the following:Sales $1,500,000Average accounts receivable (net) 100,000Determine (a) the accounts receivable turnover and (b) the number of days’ sales in receivables. Round to one decimal place.A firm has $400,000 in credit sales and $100,000 in accounts receivable.Compute accounts receivable turnover and average number of collectiondays. How do these numbers relate to the terms of 2/10, n/30?Twist Corp. has a current accounts receivable balance of $357,615. Credit sales for the year just ended were $2,936,600. a. What is the receivables turnover? b. What is the days' sales in receivables?
- A company reports the following: Sales $838,040 Average accounts receivable (net) 51,100 Round your answers to one decimal place. Assume a 365-day year. a. Determine the accounts receivable turnover. b. Determine the number of days' sales in receivables.A company reports the following: Line Item Description Amount Sales $235,060 Average accounts receivable (net) 51,100 Determine (a) the accounts receivable turnover and (b) the days’ sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year. Line Item Description Answer a. Accounts receivable turnover b. Days' Sales in ReceivablesA company reports the following: Sales $1,057,770 Average accounts receivable (net) 83,950 Determine the (a) accounts receivable turnover, and (b) number of days' sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days
