Gandi 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 $410,000

Q: Net credit sales for Turner Company are $200,000 for the year and the average accounts receivable…

A: Average collection period = Accounts Receivable Turnover Ratio =

Q: McEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,947,000; 40% of…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

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: Ortiz Lumber Yard has a current accounts receivable balance of $450,000 and accounts payable of…

A: Days Sales Outstanding (DSO) is a financial metric that measures the average number of days it takes…

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: 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: average investment in accounts receivable?

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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: A company reports the following: Sales Average accounts receivable (net) $511,000 73,000 Determine…

A: Sales = 511,000 Average Accounts Receivables (net) = 73,000

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: 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: Medwig Corporation has a DSO of 21 days. The company averages $9,250 in sales each day (all…

A: Ratio analysis used identify the business performance of the company. It is used to measure…

Q: Please Give the answer of this question

A: Step 1: Introduction to the Account Receivable:Account receivable is a current asset created by a…

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: McEwan Industries sells on terms of 3/10, net 30. Total sales for the year are $1,537, 000; 40% of…

A: The day's sales outstanding refers to the number of days for which credit will be provided to all…

Q: Vikrambhai

A: The objective of the question is to calculate the company's average collection period. The average…

Q: The Coffee Hut has an ACP of 30 days, and its annual sales are $5 million. What is its account…

A: In the given case, we have provided the average collection period (ACP), annual sales . To calculate…

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: 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

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Q: Financial statement data for the year ending December 31 for Flagg Co. are as follows: Sales…

A: The number of days sales in receivable indicates the number of days the credit sales converted into…

Q: Twist Corporation has a current accounts receivable balance of $357,615. Sales for the year just…

A: Days sales in receivable is calculated by dividing the number of days in a year by receivable…

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is