Answered: Brentwood Electronics had net sales of…

Brentwood Electronics had net sales of $48,000 and ending accounts receivable of $4,000 for the current period. Its days' sales uncollected equals: a. 30 days b. 25 days c. 40 days d. 35 days

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1P: Greene Sisters has a DSO of 20 days. The companys average daily sales are 20,000. What is the level...

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Question

Need help with this general accounting question provide solution

Brentwood Electronics had net sales of $48,000 and
ending accounts receivable of $4,000 for the current
period. Its days' sales uncollected equals:
a. 30 days
b. 25 days
c. 40 days
d. 35 days

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cost accounting
Please Give the answer of this question
Subject General Accounting: Shelbi Sisters has a DSO of 15 days. The company's average daily sales are $30,000. What is the level of its accounts receivable? Assume there are 365 days in a year.
What is the companys average collection period?
What is the level of its accounts receivable?
Sales uncollected are