Q: A company reports the following: Sales $1,460,000 Average accounts receivable (net) 100,000…
A: a Account receivable turnover=sales/ average account receivable (net) =$1,460,000/$100,000 =14.6
Q: Medwig Corporation has a DSO of 20 days. The company averages $3,500 in sales each day (all…
A: Accounts receivables are the money due towards the customers but not yet paid. The accounts…
Q: What is LoGo's payables deferral period (DPO)?
A: Payables deferral period (DPO) = Accounts payable/Credit purchases per day It is the number of days…
Q: The total of Accounts Receivable is $1000 while the Annual Sales is $7000. The Days Sales…
A: The days of sales outstanding is the number of days the company on average takes to collect the…
Q: If a firm has sales of $25,689,00 a year, and the average collection period for the industry is 45…
A: We often convert the receivables turnover ratio into days and call it the average collection…
Q: If Emperium Inc. had credit sales of 2,027,773 per year and its days sales outstanding was equal to…
A: Days Sales or Receivables Outstanding means the number of days it takes a company to realize cash…
Q: Tulips Companý has a DSO of 40 days, and its annual sales are P7,300,000. What is its accounts…
A: ANSWER 1)DSO=40 ANNUAL SALES=7300000 NUMBER OF DAYS IN A YEAR=365 DSO = (ACCOUNT RECEIVABLE/ANNUAL…
Q: ABCD Corporation has credit sales of $10,290,000 and receivables of $1,560,000. Assume there are 365…
A: In this we have to calculate the receivable turnover ratio using the formula.
Q: Cainhurst Inc. had sales last year totaling $530,000, and its year-end Accounts Receivable were…
A: Days Sales outstanding refers to the number of days a company/firm takes to collect payment from its…
Q: A company reports the following: Sales $303,680 Average accounts receivable (net) 23,360 Determine…
A: Accounts receivable turnover ratio shows how quickly company is able to collect amount from the…
Q: At year-end, Sample has cash of $8,000, current accounts receivable of $40,000, merchandise…
A: Average accounts receivables = (beginning balance+ending balance)/2 Average accounts receivables =…
Q: The "age" of an account receivable is the length of time that it has been outstanding. At the end of…
A: Accounts receivables is the current asset that represents the money which is to be received by…
Q: A company has annual sales of $730 million. If its DSO is 35, what isits average accounts…
A: Calculation of average receivables: Answer: Average account receivables are $70 million.
Q: Tulips Company has a DSO of 40 days, and its annual sales are P7,300,000. What is its accounts…
A: Accounts receivables are the average amount of money to be charged on credit by the consumers who…
Q: Cook Security Systems has a $37,500 line of credit, which charges an annual percentage rate of prime…
A: Cook security systems has line of credit = $37500 Annual charge rate = 4% On October 1, Opening…
Q: accounts receivable balance of $391,648. Credit sales for the year just ended were $5,338,411. How…
A: Calculate the number of days to realize Account receivable as follow: Number of days required = 365…
Q: If Cactus, Inc. has annual sales of $83,000, average accounts payable of $30,000, and average…
A: Sales = $83000 Account payable = $30000 Accounts receivable = $25000
Q: A. Assume that all sales are on account. If sales revenue was $18,000,000 and the average days in…
A: Sales means the amount recorded in books as revenue earned by selling the goods or services. Account…
Q: Greene Sisters has a DSO of 20 days. The company’s average daily salesare $20,000. What is the level…
A: Receivable Turnover Ratio = No. of days in a year / Day's sales outstanding (DSO) Receivable…
Q: Credit sales during the year were $425,000, the Allowance for Uncollectible Accounts had a beginning…
A: Uncollectible Accounts Expense = Credit sales during the year x 2% of all credit sales
Q: The financial statements of the Novak Corp. report net sales of $300000 and accounts receivable of…
A: The answer is as fallows
Q: Dome Metals has credit sales of $342,000 yearly with credit terms of net 45 days, which is also the…
A: The conceptual formula used:
Q: Marie's Clothing Store had an acounts receivable balance of $440,.000 at the beginning of the year…
A: Accounts receivable turnover = Net credit sales / average Accounts receivable =…
Q: Zen Inc., has an average age of accounts receivable is 36 days, the average age of accounts payable…
A: Cash conversion cycle will measure the required time to convert the investments made in inventories…
Q: Medwig Corporation has a DSO of 38 days. The company averages $3,250 in sales each day (all…
A: Days sales outstanding (DSO) is the number of days the firm takes to collect cash from sales .…
Q: The financial statements of Bolero Manufacturing Inc. report net credit sales of $900,000 and…
A: Financial Management: Financial management comprises of two words i.e. Finance and management.…
Q: ABCD Corporation has credit sales of $12,690,000 and receivables of $1,970,000. Assume there are 365…
A: Question is based on the concept of Financial ratios
Q: The “age” of an account receivable is the length of time that it has been outstanding. At the end of…
A: Accounts receivable aging is the process of distinguishing open accounts receivable based on the…
Q: Blue Air Inc., has net sales of $735,000 and accounts receivables of $164,000. What are the firm's…
A: Accounts Receivables Turnover Ratio measures the efficiency of the company in collecting receivables…
Q: Medwig Corporation has a DSO of 36 days. The company averages $8,000 in sales each day (all…
A: DSO means days sales outstanding. It means number of days it takes credit sales to be converted into…
Q: Sixty percent of Jesse's annual sales of P900,000 is on credit. If its year-end receivables turnover…
A: Annual Sales = 900,000 Credit Sales = 60% * Annual Sales = 60% * 900,000 = 540,000 Receivable…
Q: The Malibu Corporation has annual credit sales of $36 million. The average collection period is 38…
A: Ratio is a tool which is used to evaluate the growth and performance of the firm by establish the…
Q: A company has annual sales of $5,210,000 and its average daily accounts receivable is $377,000. What…
A: given that, annual sales = $5210000 average daily accounts receivables = $377000 365 days per year…
Q: Baxley Brother has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts…
A:
Q: What is the company's average accounts receivable?
A: DSO indicates the average days takes to collect the payment from the accounts receivable.
Q: Medwig Corporation has a DSO of 17 days. The company averages $8,500 in sales each day (all…
A: Days sale outstanding(DSO)/Average collection period(ACP) tells a firm on an average time taken by…
Q: If Vabasa, Inc. has an average collection period (ACP) of 52.5 days (assume a 360 day year) and…
A: Average Collection Period helps to know the trend of collection of dues. The formula of Average…
Q: B&B Mining has a DSO of 40 days, and its annual sales are 7,300, 000. What is its accounts…
A: Daily sales outstanding (DSO) = 40 Days Annual sales = 7,300,000 Number of days in a year = 365 Days
Q: ABCD Corporation has credit sales of $10,960,000 and receivables of $1,260,000. Assume there are 365…
A:
Q: A company reports the following: Sales $1,200,000 Average accounts receivable (net) 50,000…
A: Formulas: Accounts receivables turnover = Sales/Average accounts receivables…
Q: Ammer Products has an average accounts payable balance of P850,000 and its annual net credit…
A: Accounts payable in the business means accounts of those suppliers from whom business has made…
Q: cool security systems has $37,500 line of credit , which charges an annual percentage rate of prime…
A: The closing balance can be calculated as follows :
Q: Rayhan Company has an average collection period of 55 days. The annual sales is 8,500,000. What is…
A: The average collection period indicates the period between the sale and collection/ receipt of money…
Baxley Brothers has a DSO of 46 days, and its annual sales are $5,840,000. What is its accounts receivable balance? Assume that it uses a 365-day year. Round your answer to the nearest cent.
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- Baxley Brothers has a DSO of 20 days, and its annual sales are $10,585,000. What is its accounts receivable balance? Assume that it uses a 365-day year. Round your answer to the nearest dollarBaxley Brother has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts receivable balance? Assume that is uses a 365 day year. I must show the work. How you arrive at the answer.Baxley Brothers has a DSO of 23 days, and its annual salesare $3,650,000. What is its accounts receivable balance? Assume that it uses a 365-day year.
- Tulips Company has a DSO of 40 days, and its annual sales are P7,300,000. What is its accounts receivable balance? Assume that it uses a 365-day year.Medwig Corporation has a DSO of 24 days. The company averages $7, 750 in sales each day ( all customers take credit). What is the company's average accounts receivable? Assume a 365 day year. Round your answer to the nearest dollar. $ABCD Corporation has credit sales of $12,690,000 and receivables of $1,970,000. Assume there are 365 days in a year. What is the receivables turnover? Round your answer to two decimal places. What is the average collection period (days sales outstanding)? Round your answer to the nearest whole number. days If the company offers credit terms of 50 days, are its receivables past due? Round your answer to the nearest whole number. Enter zero if the receivables are not past due. -Select-YesNoItem 3 , it is days overdue.
- Medwig Corporation has a DSO of 27 days. The company averages $9,750 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year. Round your answer to the nearest dollar.ABCD Corporation has credit sales of $10,290,000 and receivables of $1,560,000. Assume there are 365 days in a year. What is the receivables turnover? Round your answer to two decimal places. What is the average collection period (days sales outstanding)? Round your answer to the nearest whole number. days If the company offers credit terms of 45 days, are its receivables past due? Round your answer to the nearest whole number. Enter zero if the receivables are not past due. , it is days overdue.Candle Shop, Inc. has net sales on account of $1,700,000. The average net accounts receivable are $630,000. Calculate the Accounts receivable turnover ratio and days' sales in receivables.(Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places.)
- A company has net income of $195,000, a profit margin of 8.3 percent, and an accounts receivable balance of $134,370. Assuming 70 percent of sales are on credit, what is the company’s days’ sales in receivables? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)If Vabasa, Inc. has an average collection period (ACP) of 52.5 days (assume a 360 day year) and annual net credit sales of 11,513,000, what is accounts receivable for Vabasa? Enter your answer as a whale number rounded to 0 decimal places, but do not include a dollar sign or any commas in your answer. For example, enter $4,392,118.9342 as 4392119. Your Answer: AnswerMcEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,947,000; 40% of the customers pay on the 10th day and take discounts, while the other 60% pay, on average, 74 days after their purchases. Assume 365 days in year for your calculations. a. What is the days sales outstanding? Round your answer to two decimal places. days b. What is the average amount of receivables? Do not round intermediate calculations. Round your answer to the nearest cent. c. What is the percentage cost of trade credit to customers who take the discount? If your answer is zero, enter zero. Round your answer to two decimal places. d. What is the percentage cost of trade credit to customers who do not take the discount and pay in 74 days? If your answer is zero, enter zero. Do not round intermediate calculations. Round your answers to two decimal places. Nominal cost: Effective cost: % e. What would happen to McEwan's accounts receivable if it toughened up on its collection policy with…