A retail company has $45,200 in receivables and $180,000 in total assets. The total asset turnover rate is 1.5, and the profit margin is 6 percent. What are the days' sales in receivables? a) 38.45 days b) 29.80 days c) 60.75 days d) 50.20 days
Q: Please give me true answer this financial accounting question
A: The Price/Earnings (P/E) ratio is calculated using the formula: P/E ratio = Stock Price per Share /…
Q: Want to this question answer general Accounting
A: Step 1: Define Dividend YieldDividend Yield measures the percentage return a shareholder receives in…
Q: What is the cost per machine hour on these general accounting question?
A: Step 1: Define High-Low MethodThe High-Low Method is a cost estimation technique used to determine…
Q: Accurate answer
A: Explanation of Operating Income: Operating income represents the profit a company generates from its…
Q: Financial Accounting
A: The net realizable value (NRV) of accounts receivable is calculated as:NRV=Accounts…
Q: Subject. General accounting
A: Step 1: Definition of Direct Labor BudgetA direct labor budget estimates the direct labor costs…
Q: Total assets are??
A: Explanation of Total Assets:Total assets represent the total value of everything a company owns that…
Q: The financial statements of Crane report net credit sales of $1.6 million. Accounts receivable are…
A: Concept of Net Credit SalesNet credit sales refer to the total revenue a company generates from…
Q: Calculate the ending balance of the account?
A: Explanation of Accounts Receivable: Accounts Receivable represents money owed to a company by…
Q: John Appraisals is appraising a commercial office building for refinancing. The company is using the…
A: The question requires the determination of the present value of the annuity. The present value, in…
Q: The balance sheet of United Studios at December 31 showed assets of $76,000 and shareholders equity…
A: To find the liabilities, you can use the basic accounting equation: Assets = Liabilities +…
Q: Last year, Jenson Enterprises earned an operating income of $27,800 with a contribution margin ratio…
A: Explanation of Total Fixed Cost:Total fixed cost refers to expenses that remain constant regardless…
Q: help me this question solution
A: 1.Profit Margin for the ChildThe child earns $3 for purchasing $100 worth of groceries.The child's…
Q: Compute the gross earnings for this financial accounting question
A: The formula used to calculate Alex's gross earnings is as follows:Gross Earnings=(Regular Hours×…
Q: What is your margin loan amount ? Accounting Problem
A: Explanation of Margin Loan Amount:A margin loan amount refers to the portion of an investment that…
Q: General accounting
A: The Payable Deferral Period (PDP) is calculated using the formula: PDP = (Accounts Payable) / (Cost…
Q: Help
A: Here's how to calculate the average payment period:1. Understand the Components:Cash Cycle:…
Q: Provide correct answer
A: Step 1: Cash flow calculation methodIn the given case, cash flow is the sum of net income and…
Q: hy teacher please solve this questions
A: 1. Profit Margin CalculationsStore's Profit Margin:Profit Margin = (Net Income / Sales) * 100Profit…
Q: Sub : general accounting
A: Explanation of Amount Realized:Amount realized is the total money received from selling an asset…
Q: Abc
A: KEY CONCEPTS:1. Sustainable Growth Rate (SGR)- This is the maximum rate at which a company can grow…
Q: ???
A: This is a question about how a rise in interest rates would change the bank's net worth. The…
Q: None
A: (a) Required Rate of ReturnRearranging the formula to solve for r:r=D1/P0+gr=…
Q: 5 POINT
A: The formula for average total assets is: Average Total Assets=2Beginning Total Assets+Ending Total…
Q: What is the amount of cash collected from customer?
A: Step 1: Definition of Cash Collected from CustomersCash collected from customers represents the…
Q: Solution
A: Detailed explanation:1. a. Interrelated factors demand comprehensive evaluationCross-dimensional…
Q: Calculate Prentice net sales for this period?
A: Step 1: Definition of Sales DiscountA sales discount is a reduction in the amount payable by a…
Q: What was the company's profit margin? General accounting question
A: To calculate the profit margin, you use the formula: Profit Margin = (Net Income / Sales) × 100…
Q: Given correct answer general Accounting question
A: Step 1:For calculating total cost under high low method first variable cost per unit will calculate…
Q: Travis sells a stock for $8,900. The price at the time of purchase was $5,100. He paid a commission…
A: The amount realized is the total amount received from the sale of the stock, minus any associated…
Q: Your career is expanding with an opportunity to support your company's growth in a non-U.S. country.…
A: Expansion Opportunity: GermanyAs part of my company's global growth strategy, Germany presents a…
Q: Cost account tutor need your help
A: Correct Answer:(d) Increases in liabilities, equity, and revenues are recorded with credits.…
Q: Not use ai solution please given answer general Accounting question
A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that measures how…
Q: Hii expert please provide correct answer general Accounting
A: Step 1: Define Product CostsThe computation of total product costs is an essential aspect of cost…
Q: Aghora company's April
A: Concept of Beginning Work in ProcessThe Beginning Work in Process (WIP) refers to unfinished units…
Q: hello teacher please solve questions
A: ROE measures how effectively a company is using its shareholders' investments to generate profits.…
Q: General Accounting Question need help
A: Step 1: Define Lower of Cost or Net Realizable Value (LCM Rule)The Lower of Cost or Net Realizable…
Q: Give general account ans
A: We use the accounting equation to determine the change in liabilities:Assets = Liabilities + Owner's…
Q: Radium Tech Inc. has net sales of $320,000, cost of goods sold of $210,000, selling expenses of…
A: Step 1: Analysis of information givenNet Sales = $320,000Cost of goods sold = $210,000Selling and…
Q: The markup on a new diamond ring should be 28% based on the selling price. If the seller paid…
A: Concept of Markup Based on Selling PriceMarkup based on selling price is a pricing strategy where…
Q: A firm sells 2,800 units of an item each year. The carrying cost per unit is $3.26 and the fixed…
A: The question requires the determination of the EOQ. EOQ, or Economic Order Quantity, is a metric…
Q: Triton Manufacturing had a beginning finished goods inventory of $23,500 and an ending finished…
A: Step 1: Analysis of information givenTotal manufacturing cost = $298,000Factory overhead is already…
Q: Calculate the labor variance?
A: Labor rate variance = (Standard rate - Actual rate) x Actual hours workedLabor rate variance = (9 -…
Q: What were the total sales revenue of this financial accounting question?
A: Step 1: Define Break-even SalesBreak-even Sales refers to the level of sales revenue at which a…
Q: Net cash flow
A: To determine the net cash flow provided by (or used in) operating activities, we use the cash flow…
Q: How much gross profit did Austin sound report?
A: Step 1: Definition of Gross ProfitGross profit is the profit a company earns after deducting the…
Q: What is the original cost of the machinery?
A: Explanation of Original Cost of Machinery:The original cost of machinery refers to the total amount…
Q: MCQ
A: Explanation of Average Total Assets:Average total assets represent the mean value of a company's…
Q: H Company has sales of $180,000 and the cost of goods available for sale of $159,000. If the gross…
A: Concept of SalesSales refer to the total revenue generated by a company from selling goods or…
Q: Calculate the current book value of the machine?
A: To calculate the current book value of the machine, we'll use the straight-line depreciation…
What are the days sales in receivable? Solve this question general Accounting
Step by step
Solved in 2 steps with 1 images
- What are the day's sales in receivables on these general accounting question?XYZ Corporation has credit sales of $10,640,000 and receivales of $1,520,000. What is the receivales turnover and what is the average collection period (days sales outstanding) ?Torrid Romance Publishers has total receivables of $2,300.00, which represents 24.00 days’ sales. Total assets are $7,197.36. The firm’s operating profit margin is 4.53%. Find the firm’s asset turnover ratio and ROA. (Use 365 days in a year. Do not round intermediate calculations. Round your answers to 2 decimal places.) Asset turnover ratio ROA %
- QUESTION: TORRID PUBLISHERS ROMANCE HAS TOTAL RECEIVABLES OF $4,700.00, WHICH REPRESENTS 22.00 DAYS' SALES. TOTAL ASSETS ARE $23,558.09. THE FIRM'S OPERATING PROFIT MARGIN IS 9.06%. FIND THE FIRM'S ASSET TURNOVER RATIO AND ROA.Answer? ? Financial accounting questionWhat is the account receivable turnover rate?
- JPJ Corp has sales of $1.33 million, accounts receivable of $52,000, total assets of $5.05 million (of which $2.88 million are fixed assets), inventory of $153000, and cost of goods sold of $601000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? **round to two decimal places**JPJ Corp has sales of $1.00 million, accounts receivable of $50,000, total assets of $5.00 million (of which $3.00 million are fixed assets), inventory of $150,000, and cost of goods sold of $600,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are days. (Round to two decimal places)JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million (of which $3.14 million are fixed assets), inventory of $151,000, and cost of goods sold of $608,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are _____ days. (Round to two decimal places.)
- JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.77 million are fixed assets), inventory of $152,000, and cost of goods sold of $604,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? What is JPJ's accounts receivable days? JPJ's accounts receivable days are enter your response here days. (Round to two decimal places.) Part 2 What is JPJ's fixed asset turnover? JPJ's fixed asset turnover is enter your response here . (Round to two decimal places.) Part 3 What is JPJ's total asset turnover? JPJ's total asset turnover is enter your response here . (Round to two decimal places.) Part 4 What is JPJ's inventory turnover? JPJ's inventory turnover is enter your response here .What is the receivable turnover?What is the average collection period?