Calculate the average collection period for Roman Inc. if its accounts receivables were $550 at the beginning of a year in which the firm generated $3,000 of sales?

Q: Valenzuela, Incorporated, has a cash cycle of 45.5 days, an operating cycle of 67 days, and an…

A: Operating cycle is calculated by taking the inventory turnover days and the account receivable days…

Q: At year-end, Snow has cash of $16,000, current accounts receivable of $90,000, merchandise inventory…

A: Accounts receivable is the term used to describe the money that consumers owe a business for…

Q: A firm had credit sales of $15,750,000 last year and its days sales outstanding was 65 days.  What…

A: Given, Credit sales = $15,750,000. Days sales outstanding = 65 days.

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: Accounts receivable management This table, shows that Blair Supply had an end-of-year accounts…

A: On a company's balance sheet, accounts receivable are categorized as a current asset because of its…

Q: A 33- day days sales outstanding is maintained by the Bebop Corporation. Each day, the company…

A: Days sales outstanding is one of important ratio used in business to evaluate efficiency of…

Q: As of January 1, 2021, NUBD Co. had an accounts receivable of P500,000. The sales for January,…

A: Given that, Opening balance of accounts receivables = P500000 Sales for the month of Jan = P1200000…

Q: Blossom Technology's operating cycle is 71 days. Its inventory was $111,000 at the end of last year,…

A: The operating cycle shows the time taken to convert its inventory into cash.So, operating cycle is…

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: Using the following information and a 360-day year, what is your estimate of the firm's current…

A: To estimate the firm's current receivables period, we use the information provided to calculate the…

Q: Mr. Husker’s Tuxedos Corporation ended the year with an average collection period of 36 days. The…

A: As per Bartleby honor code, when multiple questions are asked, the expert is required only to solve…

Q: Los Altos, Inc. has an accounts receivable turnover of 20. What is the company's average collection…

A: Formula: Average collection period = 365 days / Accounts receivable turnover. Division of 365 days…

Q: At year-end, Sally, Inc. has cash of $14,000, current accounts receivable of $70,000, merchandise…

A: Accounts receivable turnover is calculated by dividing the Net credit sales by the Average accounts…

Q: Thompson Wood Products has credit sales of $2,628,000 and accounts receivable of $627,800. Compute…

A: Average collection period is period required to receive cash money from the customers from initial…

Q: Calvani, Inc., has a cash cycle of 43.5 days, an operating cycle of 63 days, and an inventory period…

A: Variables in the question:Cash cycle=43.5 daysOperating cycle=63 daysInventory period=27 days Cost…

Q: A firm has $375,000 in credit sales and $135,000 in accounts receivable. Compute the average number…

A: Average number of collection days = 365 days / Average receivable turnover ratio Average receivable…

Q: Medwig Corporation has a DSO of 27 days. The company averages $9,750 in sales each day (all…

A: The objective of the question is to calculate the average accounts receivable of Medwig Corporation…

Q: A company has net income of $184,000, a profit margin of 8.5 percent, and an accounts receivable…

A: Profit margin=Net income/SalesHence sales=(184000/0.085)=$2164705.88

Q: XYZ Company has the following information:   Beginning accounts receivable: $50,000 Ending…

A: The efficiency with which a business collects its accounts receivable within a certain time period…

Q: A company has the following information: Net credit sales = $400,000 Net income = $100,000 Average…

A: The ratio is the technique used by the prospective investor or an individual or strategist to read…

Q: Recent financial statements of Marin Ship Builders, Inc. report net sales of $636,800,000. Accounts…

A: Average Net Receivables = (Receivable at Beginning + Receivable at the End) / 2 Average Net…

Q: ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next…

A: Given, ABC's sales for this year were $32,250,000  &  Accounts Receivable Turnover Ratio was…

Q: An analyst has obtained the following information regarding ABC, Inc. Using this information, he…

A: Operating cycle is calculated as below: Now, Cash conversion cycle (CCC) will determine Days…

Q: A company is getting ready to publish their annual financial statements. They have the following…

A: Bad debts are the uncollectible accounts receivables on which credit sales has been made and amount…

Q: Michaels Corp. has a current accounts receivable balance of $623,410. Credit sales for the year just…

A: Introduction: Accounts receivable turnover is the number of times a year that a business pays its…

Q: A firm has an ACP of 38 days and its annual sales are $5.3 million. What is its account receivable…

A: The average collection period is a measure of the time it takes for a company to receive payment…

Q: The financial statements of the Blue Spruce Corp. reports net sales of $372000 and accounts…

A: The average collection period indicates the time period the business takes to collect amounts from…

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: Flying Tigers, Inc., has net sales of $762,000 and accounts receivables of $154,000. What is the…

A: The amount owing to a business by its customers or clients for products sold or services provided on…

Q: Suppose the 2022 financial statements of 3M Company report net sales of $23.1 billion. Accounts…

A: The accounts receivable turnover ratio determines the efficiency of the collection from its accounts…

Q: The financial statements of the Sunland Company report net sales of $384000 and accounts receivable…

A: Accounts receivable turnover ratio = Net credit sales / Average Accounts Receivables where, Average…

Q: Sweetens Cove, Incorporated, has weekly credit sales of $69400 and the average collection period is…

A: Company’s receivables can be expressed as its average daily sales multiplied by its average…

Q: A firm has sales of $1.4 million, and 10 percent of the sales are for cash. The year-end accounts…

A: ACCOUNT RECEIVABLE TURNOVER RATIO Account Receivable Turnover Ratio is the Ratio between Net…

Q: The balance in Accounts Receivable at the beginning of the year was $520,000. The balance in…

A: Credit sales is a term in which the goods is transferred to the customer on a credit basis. In which…