Fahad's company had net sales of $50,000 and accounts receivable of $5,500. Its days' sales uncollected are: a. 3.2 days. b. 38.4 days. c. 40.15 days. d. 29.2 days. e. 12.5 days.
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- A company had net sales of $84,000 and accounts receivable of $6,720. Its days’ sales uncollected is a. 3.2 days. c. 230.0 days. e. 12.5 days. b. 18.4 days. d. 29.2 days.A company had net sales of $29, 800and accounts receivable of S4, 400for the current period. Its days' sales uncollected equals: (Use 365 days a year.)O A) 65.09 days.O B) 45.89 days.. C) 69.19 days.O D) 53.89 days.O E) 6.77 days.28A company had net sales of $29,800and accounts receivable of $4,400 for the current period. Its days' sales uncollected equals: (Use 365 days a year.)O A) 65.09 days.O B) 45.89 days.. C) 69.19 days.O D) 53.89 days.O E) 6.77 days.28Gandi brothers has DSO of 22 days and its annual sales on account are $7,665,000. Assume number of days in year as 365 days. Calculate the accounts receivable balance. O $550,000 O $462,000 O $410,000 O $450,000
- 18. A company had net sales of $31,500, beginning accounts receivable of $3,100 and ending accounts receivable of $2,300 for the current period. Its days' sales uncollected is equal to: A. 11.7 daysB. 23.3 daysC. 31.3 daysD. 42.5 daysAl Sharif Company's Average Accounts Receivables is OMR 360,000 and total Sales is OMR 1,200,000. The Cash sales are 40% of total sales. In this case, the Receivable collection period of the company will be: O a. 109.6 days O b. 273.75 days O c. 138.6 days O d. 182.5 daysMy business has a net sales of $3,492,690, of which 40% was cash ($1,397,076), 50% was on account ($1,746,345), 10% was prepaid sales ($349,269). How do I make one compound journal entry to recore the net sales for the end of the year? Date Accounts Debit Credit
- On April 30, Holden Company had an Accounts Receivable balance of $18,000. During the month of May. total credits to Accounts Receivable were $52,000 from customer payments. The May 31 Accounts Receivable balance was $13.000. What was the amount of credit sales during May? O $52,000. O $32,000. O $47,000. $57,000. O 55,000.Assume the Day sales outstanding (DSO) 36 days, Sales revenues $500,000, calculation based on 360 day per year. Calculate account receivables (A/R)? O a. $100,000 O b. $150,000 O c. $50,000 d. $250,000A company had net sales of $21,000 and accounts receivable of $2,520 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) Multiple Choice 4 43.8 days. 7.4 days. 58.9 days. 8.0 days. 45.2 days.
- Pine Hardware Store had net credit sales of P6,045,000 and cost of goods sold of P5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were P600,000 and P700,000, respectively. The receivables turnover was a. 7.7 times. b. 10.8 times. c. 9.3 times. d. 10.0 times.Company C Industries has sales of $6,100, cost of goods sold of $4,100, accounts receivable of $800, and inventory of $600. Approximately how many days does it take the firm to collect payments on sales?A company had net sales